Viking Mines Confirms Exceptional 14.7% Tungsten Results at Nevada Projects

Viking Mines Delivers Exceptional 14.7% Tungsten Results, Confirming Nevada Portfolio Quality

Viking Mines Ltd (ASX: VKA) has delivered outstanding tungsten results from Viking Mines Ltd through its Nevada portfolio, with face sampling at the Linka Project’s Conquest pit returning a remarkable 14.7% WO3. This validates the company’s high-grade tungsten strategy and confirms the exceptional quality of its US assets.

The comprehensive 64-sample due diligence programme across four projects has successfully validated historical production grades whilst identifying multiple high-tenor zones for immediate exploration targeting. Furthermore, these results provide critical geological insights as Viking advances toward its planned drilling campaign.

Linka Project Emerges as High-Grade Hub

The Linka Project has emerged as the standout asset, with multiple zones delivering exceptional results that align with historical mining operations. Moreover, the project demonstrates consistent high-grade mineralisation across several key areas.

What Makes the Conquest Pit Results So Significant?

At the Conquest Pit, face chip sampling returned the headline result of 14.7% WO3, alongside additional channel sampling that yielded impressive results. For instance, channel sampling delivered:

• • 2m at 0.5% WO3

• • 2.5m at 0.5% WO3

These channel results are particularly significant as they provide realistic, representative grades that mirror those achieved during historical mining operations. Consequently, this gives investors confidence in the potential for consistent high-grade mineralisation.

Hillside and Linka Areas Confirm Robust Targets

The Hillside Shaft returned a 4.4m channel sample at 0.6% WO3 across the tactite zone, located directly above an inclined shaft access. In addition, when combined with a previously reported 0.9% WO3 metallurgical sample, this confirms a robust high-grade target ready for development.

Along the Linka Pit Ramp, a 15m channel sample identified a steep, unmined subvertical zone returning 5m at 0.7% WO3. This represents a significant at-surface mining opportunity. Notably, this sample also returned elevated pathfinder elements including 3.0g/t silver and 0.15% bismuth.

Historical Production Records Validated

Field work at the Long and Alpine projects has successfully validated historical production data, providing crucial due diligence confirmation. However, these results also reveal significant potential for resource expansion beyond historical operations.

At the Long Project, three grab samples from a 2-3m wide pillar returned grades between 0.4% and 0.8% WO3. These results provide validation of historical production records that reported 17,000 tonnes at 0.6% WO3.

Similarly, at the Alpine Project, grab samples from the historical open pit and adit returned 0.5% and 0.7% WO3 respectively. This reaffirms both grade and occurrence of mineralisation as described in historical records.

Managing Director Julian Woodcock commented: “Achieving an assay of 14.7% WO3 at Conquest is an extraordinary result that underscores the quality of these assets. More importantly, the consistent grades we are seeing across Linka, Hillside, and Conquest match our historical expectations.”

Understanding Tactite Mineralisation: A Primer for Investors

Tactite (also known as skarn) is a metamorphic rock formed when limestone comes into contact with hot magmatic fluids from granite intrusions. Subsequently, this process creates ideal conditions for tungsten mineralisation.

In Nevada’s tungsten districts, tactite zones represent the primary ore-bearing rock type, formed when Cretaceous granite stocks intruded Ordovician limestone sequences. The thermal and chemical interaction creates scheelite (calcium tungstate – CaWO4), the primary tungsten-bearing mineral.

Why This Matters for Investors

Tactite-hosted tungsten deposits are among the highest-grade tungsten deposit types globally, often containing 0.3-2.0% WO3. Exceptional zones can reach much higher grades as demonstrated by the impressive tungsten results from Viking Mines Ltd.

This geological understanding provides investors with confidence in the deposit style and its proven ability to host world-class tungsten grades.

Comprehensive Development Pipeline Advancing

Viking has outlined a systematic approach to advancing its Nevada tungsten portfolio, with multiple workstreams progressing simultaneously. Furthermore, this methodical approach reduces execution risk whilst maximising resource definition efficiency.

Immediate Activities (February 2026)

The company has established clear near-term priorities to advance the project systematically:

• • Historical Data Digitisation: Complete integration of acquired Linka Project drilling and surface data

• • Ground Geophysics: Gravity and magnetic surveys commencing mid-February at Linka

• • Metallurgical Testwork: Analysis of 1.3% WO3 Linka sample results expected late February

Near-term Milestones (Q1 2026)

In addition to immediate activities, Viking has outlined key milestones for the first quarter:

• • 3D Geological Modelling: Integration of new assays with historical dataset

• • Drill Target Refinement: Precise coordinate definition for validation and expansion drilling

• • Federal Permitting: Notice of Intent (NOI) submission for drilling approvals

• • Portfolio Prioritisation: Technical evaluation of five additional Nevada tungsten projects

Investment Thesis: Positioned for Nevada Tungsten Revival

Viking Mines is strategically positioned to capitalise on the resurgent tungsten market through its high-grade Nevada portfolio. The combination of exceptional grades up to 14.7% WO3, validated historical production records, and systematic development approach creates a compelling investment proposition.

What Are the Key Investment Drivers?

1. Proven High-Grade Resource Base

The company has demonstrated exceptional tungsten grades across multiple zones:

• • Multiple zones with tungsten grades exceeding 0.5% WO3

• • Peak grades of 14.7% WO3 confirm world-class potential

• • Historical production validation reduces geological risk

2. Strategic US Location

Nevada offers significant advantages for tungsten development:

• • Located in mining-friendly Nevada jurisdiction

• • Proximity to historical tungsten infrastructure

• • Strong support for domestic tungsten production

3. Systematic Development Approach

Viking’s methodical approach reduces development risk:

• • Comprehensive data integration and 3D modelling

• • Targeted geophysical surveys to define drill targets

• • Established metallurgical testwork programme

4. Multiple Project Pipeline

The company maintains diversified tungsten exposure:

• • Linka Project as flagship high-grade asset

• • Long and Alpine providing additional resource potential

• • Five additional projects for regional exploration expansion

Why Should Investors Follow Viking Mines?

These exceptional tungsten results from Viking Mines Ltd reinforce why the company deserves investor attention as a potential leader in US tungsten production. The company has successfully validated the high-grade nature of its Nevada assets whilst demonstrating a methodical approach to resource development.

With tungsten prices remaining elevated due to supply chain concerns and increasing strategic metal demand, Viking’s Nevada portfolio positions the company to benefit from both near-term exploration success and long-term tungsten market fundamentals. However, investors should consider the inherent risks associated with early-stage resource development.

The upcoming drilling campaign, supported by comprehensive geological data and geophysical targeting, offers multiple catalysts for value creation over the coming quarters. Consequently, the systematic approach to development should provide regular newsflow and potential value inflection points.

Key Investment Considerations

The outstanding tungsten results from Viking Mines Ltd with grades up to 14.7% WO3 across its Nevada portfolio confirm the high-grade nature of these historically productive assets. With systematic development work advancing toward drilling and strong tungsten market fundamentals, investors should monitor Viking’s progress as it advances toward potential tungsten production in the strategic US market.

Looking to Capitalise on High-Grade Tungsten Discoveries?

Discovery Alert’s proprietary Discovery IQ model delivers real-time alerts on significant tungsten and mineral discoveries across the ASX, instantly empowering subscribers to identify actionable opportunities ahead of the broader market. Begin your 14-day free trial today and understand why major mineral discoveries can lead to substantial returns by exploring Discovery Alert’s dedicated discoveries page.