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Last A$0.02 AUD
Change Today 0.00 / 0.00%
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VKA On Other Exchanges
As of 11:05 PM 07/23/15 All times are local (Market data is delayed by at least 15 minutes).

viking mines ltd (VKA) Snapshot

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08/28/14 - A$0.05
52 Week Low
05/13/15 - A$0.0080
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viking mines ltd (VKA) Details

Viking Mines Limited explores for, develops, and mines mineral deposits in Ghana, West Africa. The company holds interest in two project areas, including the West Star/Blue River and the Akoase East and West projects covering an area of approximately 224 square kilometers, which are located in southern Ghana. It also holds interest in the Berkh Uul bituminous coal project located in Selenge Province, northern Mongolia. The company was formerly known as Viking Ashanti Limited. Viking Mines Limited was founded in 2007 and is based in West Perth, Australia.

Founded in 2007

viking mines ltd (VKA) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: A$112.5K
Company Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

viking mines ltd (VKA) Key Developments

Viking Mulls Acquisitions

Viking Mines Limited (ASX:VKA) is seeking acquisitions. A number of project farm-in/acquisition opportunities were considered during the quarter. None are currently at an advanced stage of consideration. Viking will continue to pursue these and any other opportunities, which are complementary to its existing project portfolio.

Viking Mines Limited Reports Consolidated Earnings Results for the Half Year Ended December 31, 2014

Viking Mines Limited reported consolidated earnings results for the half year ended December 31, 2014. For the half year, the company reported revenue of AUD 102,824 compared to AUD 1,698 reported a year ago. Loss before income tax expense was AUD 1,166,916 compared to AUD 320,932 reported a year ago. Loss attributable to owners of the parent was AUD 1,166,115 or 0.74 cents per diluted share compared to AUD 316,665 or 0.35 cents per diluted share reported a year ago. Net cash outflow from operating activities was AUD 892,190 compared to AUD 217,518 reported a year ago.

Viking Mines Ltd Completes Drilling at Berkh Uul Coal Project

Viking Mines Ltd. has successfully completed its drilling program at the company's 100%-owned Berkh Uul Coal Project prior to the winter recess of the field season in northern Mongolia and well within budget. The drilling program was completed by drilling contractor Ellehcor with 1,064.5m drilled in 18 holes. The drilling, designed to infill and extend the existing drill coverage, commenced in the northeast of the licence area where there is pre-existing drilling within the confines of the current 38Mt resource. It progressed to the south, targeting extensions to the deposit to add to the current resource. The drilling tested the near-surface (top 60m) shallow west-dipping eastern limb of a broad south-plunging synclinal structure, in which two main coal seams are located. Holes were drilled using open-hole precollars, with PQ diamond tails through the target coal bearing zones, on a nominal 500m line spacing. All holes were down-hole surveyed for geophysical and directional data, with all drill collars surveyed to sub-metre accuracy. A total of 87 samples were collected from PQ drill core for coal analysis, samples are now at Bureau Veritas laboratory in Ulaanbaatar.


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