Viking Mines Limited – Corporate Update
Viking Mines Limited (VKA.AX) reported no change in its share price during the 24‑hour trading period ending at 05:55 PM Central Europe on Tuesday 20 October 2026.
- Current share price: AUD 0.01.
- Shares outstanding: 2.5 billion.
- Market capitalization: AUD 25.1 million.
- Volume traded in last 24 h: AUD 31.1 k.
- Price movement since the previous month‑end: down 23.08 %.
The 200‑day simple moving average is AUD 0.01. The 52‑week high (AUD 0.02) was reached on 03 November 2026, and the 52‑week low (AUD 0.01) was on 12 November 2025.
Linka Tungsten Project – Progress Update
Viking Mines has provided a progress report on its Linka Tungsten Project in Nevada:
- Reverse‑circulation drilling continues to identify broad zones of scheelite mineralisation within a skarn host.
- Visual fluorescence under short‑wave ultraviolet light confirms the presence of scheelite.
- Assay results from several holes have confirmed significant tungsten grades; additional results are anticipated in the coming weeks.
- The company is updating its 3‑D geological model as new data arrive and is conducting metallurgical test work on material from the Linka stockpile.
- Work remains underway to complete the maiden drilling programme across the main area, a south‑west extension, and regional targets.
- The focus is on validating assay data and refining resource estimates.
- Existing infrastructure, including historic mining pits and a shaft, supports a potential restart strategy aimed at domestic tungsten supply.
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Rimfire Pacific Mining – New Licence Announcement
Rimfire Pacific Mining Ltd announced the acquisition of a 100 % owned exploration licence for the Bogan River Project, adjacent to its Rabbit Trap Project in central New South Wales. The licence covers a ten‑kilometre‑square area bordering the Nyngan Scandium Deposit, operated by Scandium International Mining Corp. The Bogan River Project contains untested aeromagnetic anomalies interpreted as Ordovician‑age mafic‑ultramafic intrusions, similar to those that host scandium deposits in the region. Rimfire plans to compile existing data, model targets, and commence drilling once licences are granted, aiming to expand its regional scandium portfolio. The Board of Directors authorised the announcement.
Odessa Minerals – New Exploration Footprint
Odessa Minerals Limited secured a substantial landholding in southwestern Bolivia’s San Cristóbal mining district. The new SC West project covers a district‑scale area, providing a significant exploration footprint in a region noted for proven polymetallic deposits. Early reconnaissance work, including soil and rock chip sampling, identified hydrothermal alteration and mineralisation potential similar to the nearby world‑class San Cristóbal mine. The company will conduct systematic exploration to prioritise drilling targets, with assay results expected in the coming months.
Company Profile
Viking Mines Ltd. is an Australian company that specializes in exploring, developing, and mining mineral deposits, primarily gold. The company also produces other minerals such as metasediments and quartz. Further information is available on its website at www.vikingashanti.com or through trading on the ASX All Markets.
