Same guy new registration.How previous mgt played down...

Same guy new registration.
How previous mgt played down Canegrass.
How do they separatee between battery minerals and non battery minerals at point of sale?
Following is extract from VKA Anns

• • Viking Mines has received excellent results for Low Intensity Magnetic Separation (“LIMS”) testwork conducted on bulk concentrate produced as part of the Stage 2 Metallurgical Testwork.• LIMS separation uses laboratory scale techniques using the same technical methods which would be employed at an operating mine and is used as an indication of what can be achieved.• The LIMS process delivered a high-quality concentrate grading 1.43% V2O5, 59% Fe & 11.7% TiO2.• Maintaining Fe above 58% is a key achievement, as it demonstrates that the significant value of contained iron in the Canegrass Project has the potential to be realised as a saleable magnetite concentrate.• Total recovery of — is excellent at 93.0% from ore feed and Fe is high at 83.7%.• A high mass recovery of 53.2% was achieved, meaning for every 1kg of sample, 0.532kg of concentrate is produced. This has real world impacts for limiting the size (and capital cost) of the milling operation required to produce the concentrate.• Silica and Alumina combined are 3.8%, which is comfortably below the threshold target of 4% for roasting (which is the next step required to produce V2O5 flake). • Nickel, Copper & Cobalt report to the tail (non-magnetic fraction) with grades of 0.089%, 0.115% and 0.027% respectively. Further testwork is planned to determine if a sulphide concentrate of these commodities can be produced from this material.• Sighter roasting testwork has commenced which will determine the key parameters (temperature and duration) and reagents to be used ahead of producing V2O5 flake.Viking Mines Limited (ASX: VKA) (“Viking” or “the Company”) is pleased to provide an update on the ongoing metallurgical progress at the Company’s flagship Canegrass Battery Minerals Project (“the Project” or “Canegrass”), located in the Murchison Region of Western Australia.Further results have been received for the ongoing Stage 2 metallurgical testwork on samples collected from the Fold Nose deposit within the Canegrass Project.1A high-quality magnetite concentrate has been produced via LIMS methodology grading 1.43% V2O5, 59% Fe and 11.7% TiO2. Recoveries from the ore are high at 93.0%, 83.7% and 79.5% respectively, with an overall mass pull of 53.2%.Importantly, SiO2 and Al2O3 has a combined total of 3.8%, which is below the threshold of 4% required for roasting of the concentrate to liberate the V2O5.Sighter roasting testwork on the concentrate has commenced to determine the final roasting parameters to be used to produce V2O5 flake. 1 Viking Mines (ASX:VKA) ASX Announcement 15 December 2023 – Stage 2 Met Testwork UpdateASX:VKA | vikingmines.com 2Commenting on the progress of the Stage 2 metallurgical testwork, Viking Mines Managing Director & CEO Julian Woodcock said:“I’m extremely pleased with the performance of the samples and the progress made with the metallurgical testwork.“The quality of the concentrate delivers on our expectations with high recoveries of the primary commodities, high mass pull and low silica and alumina required to proceed with roasting.“We have maintained the high vanadium recoveries seen in the sighter Davis Tube Recovery (“DTR”) testwork with 93.0% and significantly reduced the silica and alumina content which is critical for the project to proceed on a conventional processing pathway.“The next key step will be to produce V2O5 flake from the concentrate and then we will have demonstrated a pathway to unlocking the significant value of this substantial Resource.“We will also continue to investigate options to further enhance the value of the Project such as producing a sulphide concentrate from the tail to realise value of the significant Cu, Ni & Co credits, separating the Fe and Ti to produce a premium magnetite concentrate and ilmenite (titanium) concentrate and finally targeting a high purity >99% V2O5 flake product which attracts a premium for use in the electrolyte, aerospace, and defence industries.“Viking are rapidly advancing this high-value Project, and when this testwork is complete we will be able to assess the true value which can be realised for the benefit of our shareholders. I look forward to sharing the progress and results with the market as we achieve key milestones.”Stage 2 Metallurgical Testwork ProgrammeTestwork commenced in December 2023 on samples collected from the Fold Nose deposit at the Project. Samples are composited ahead of producing a magnetic concentrate before further processing to produce high purity V2O5 flake along with other marketable products including >58% Fe Magnetite Concentrate and Cu, Ni, Co sulphide concentrates.To date, the wet magnetic separation steps have been optimised and completed to produce a high-quality magnetic concentrate suitable for proceeding with roasting testwork.The laboratory has provided an update on the timing for completion of the testwork. There have been delays of approximately 4 weeks, and the revised completion date for all steps is now forecasted for April 2024. The Company will continue to provide updates on progress throughout this period as results are received.Wet Magnetic SeparationA multi-step process using Low Intensity Magnetic Separation (“LIMS”) was followed to Produce a high-quality magnetic concentrate suitable for advancing to the next step of roasting testwork.Initially a bulk concentrate was produced using Bulk Rougher LIMS process at a grind size of P80 145 micron. A very high mass recovery of 64.2% was achieved at this stage of the process. The concentrate graded 1.18% , 50% Fe, 10.7% TiO2 and yielded a combined Silica and Alumina of 11.3%.18kg of the rougher concentrate was subsequently ground to P80 45 micron and processed using a 3 stage Bulk Cleaner LIMS process to achieve target concentrate quality suitable for roasting. 14.9kg of magnetic concentrate was produced through this process, representing a final mass recovery of 53.2% from the original sample. Results and quality of concentrate for each of the stages are provided in Table 1 and Table 2, and photos of the LIMS process in Figure 1.ASX:VKA | vikingmines.com 3The concentrate has the following key characteristics:• A high-quality magnetic concentrate has been produced from Canegrass ore using LIMS methodology and meeting key quality parameters.• High mass recovery achieved of 52.8%.• Concentrate grades are high with V2O5 1.43%, Fe 59% & TiO2 11.7%.• Metal recoveries to concentrate are high with 93.0%V2O5, 83.7% Fe and 79.5% TiO2.• Combined silica and alumina levels are low at 3.8% and critically, meeting the requirement for roasting of <4%.• Ni, Cu and Co report to the tail in the concentrate process, with recoveries of 69.7%, 72.8% and 64.3% respectively. This presents the opportunity for further testwork to recover these valuable commodities by performing a standard sulphide floatation process on the tailwhich will be investigated further.Table 1; Magnetic concentrate results showing mass recoveries and grades at each step of the LIMS process. Cleaner 3 mags is the final concentrate produceViking Mines has received excellent results for Low Intensity Magnetic Separation (“LIMS”) testwork conducted on bulk concentrate produced as part of the Stage 2 Metallurgical Testwork.• LIMS separation uses laboratory scale techniques using the same technical methods which would be employed at an operating mine and is used as an indication of what can be achieved.• The LIMS process delivered a high-quality concentrate grading 1.43% V2O5, 59% Fe & 11.7% TiO2.• Maintaining Fe above 58% is a key achievement, as it demonstrates that the significant value of contained iron in the Canegrass Project has the potential to be realised as a saleable magnetite concentrate.• Total recovery of — is excellent at 93.0% from ore feed and Fe is high at 83.7%.• A high mass recovery of 53.2% was achieved, meaning for every 1kg of sample, 0.532kg of concentrate is produced. This has real world impacts for limiting the size (and capital cost) of the milling operation required to produce the concentrate.• Silica and Alumina combined are 3.8%, which is comfortably below the threshold target of 4% for roasting (which is the next step required to produce V2O5 flake). • Nickel, Copper & Cobalt report to the tail (non-magnetic fraction) with grades of 0.089%, 0.115% and 0.027% respectively. Further testwork is planned to determine if a sulphide concentrate of these commodities can be produced from this material.• Sighter roasting testwork has commenced which will determine the key parameters (temperature and duration) and reagents to be used ahead of producing V2O5 flake.Viking Mines Limited (ASX: VKA) (“Viking” or “the Company”) is pleased to provide an update on the ongoing metallurgical progress at the Company’s flagship Canegrass Battery Minerals Project (“the Project” or “Canegrass”), located in the Murchison Region of Western Australia.Further results have been received for the ongoing Stage 2 metallurgical testwork on samples collected from the Fold Nose deposit within the Canegrass Project.1A high-quality magnetite concentrate has been produced via LIMS methodology grading 1.43% V2O5, 59% Fe and 11.7% TiO2. Recoveries from the ore are high at 93.0%, 83.7% and 79.5% respectively, with an overall mass pull of 53.2%.Importantly, SiO2 and Al2O3 has a combined total of 3.8%, which is below the threshold of 4% required for roasting of the concentrate to liberate the V2O5.Sighter roasting testwork on the concentrate has commenced to determine the final roasting parameters to be used to produce V2O5 flake. 1 Viking Mines (ASX:VKA) ASX Announcement 15 December 2023 – Stage 2 Met Testwork UpdateASX:VKA | vikingmines.com 2Commenting on the progress of the Stage 2 metallurgical testwork, Viking Mines Managing Director & CEO Julian Woodcock said:“I’m extremely pleased with the performance of the samples and the progress made with the metallurgical testwork.“The quality of the concentrate delivers on our expectations with high recoveries of the primary commodities, high mass pull and low silica and alumina required to proceed with roasting.“We have maintained the high vanadium recoveries seen in the sighter Davis Tube Recovery (“DTR”) testwork with 93.0% and significantly reduced the silica and alumina content which is critical for the project to proceed on a conventional processing pathway.“The next key step will be to produce V2O5 flake from the concentrate and then we will have demonstrated a pathway to unlocking the significant value of this substantial Resource.“We will also continue to investigate options to further enhance the value of the Project such as producing a sulphide concentrate from the tail to realise value of the significant Cu, Ni & Co credits, separating the Fe and Ti to produce a premium magnetite concentrate and ilmenite (titanium) concentrate and finally targeting a high purity >99% V2O5 flake product which attracts a premium for use in the electrolyte, aerospace, and defence industries.“Viking are rapidly advancing this high-value Project, and when this testwork is complete we will be able to assess the true value which can be realised for the benefit of our shareholders. I look forward to sharing the progress and results with the market as we achieve key milestones.”Stage 2 Metallurgical Testwork ProgrammeTestwork commenced in December 2023 on samples collected from the Fold Nose deposit at the Project. Samples are composited ahead of producing a magnetic concentrate before further processing to produce high purity V2O5 flake along with other marketable products including >58% Fe Magnetite Concentrate and Cu, Ni, Co sulphide concentrates.To date, the wet magnetic separation steps have been optimised and completed to produce a high-quality magnetic concentrate suitable for proceeding with roasting testwork.The laboratory has provided an update on the timing for completion of the testwork. There have been delays of approximately 4 weeks, and the revised completion date for all steps is now forecasted for April 2024. The Company will continue to provide updates on progress throughout this period as results are received.Wet Magnetic SeparationA multi-step process using Low Intensity Magnetic Separation (“LIMS”) was followed to Produce a high-quality magnetic concentrate suitable for advancing to the next step of roasting testwork.Initially a bulk concentrate was produced using Bulk Rougher LIMS process at a grind size of P80 145 micron. A very high mass recovery of 64.2% was achieved at this stage of the process. The concentrate graded 1.18% , 50% Fe, 10.7% TiO2 and yielded a combined Silica and Alumina of 11.3%.18kg of the rougher concentrate was subsequently ground to P80 45 micron and processed using a 3 stage Bulk Cleaner LIMS process to achieve target concentrate quality suitable for roasting. 14.9kg of magnetic concentrate was produced through this process, representing a final mass recovery of 53.2% from the original sample. Results and quality of concentrate for each of the stages are provided in Table 1 and Table 2, and photos of the LIMS process in Figure 1.ASX:VKA | vikingmines.com 3The concentrate has the following key characteristics:• A high-quality magnetic concentrate has been produced from Canegrass ore using LIMS methodology and meeting key quality parameters.• High mass recovery achieved of 52.8%.• Concentrate grades are high with V2O5 1.43%, Fe 59% & TiO2 11.7%.• Metal recoveries to concentrate are high with 93.0%V2O5, 83.7% Fe and 79.5% TiO2.• Combined silica and alumina levels are low at 3.8% and critically, meeting the requirement for roasting of <4%.• Ni, Cu and Co report to the tail in the concentrate process, with recoveries of 69.7%, 72.8% and 64.3% respectively. This presents the opportunity for further testwork to recover these valuable commodities by performing a standard sulphide floatation process on the tailwhich will be investigated further.Table 1; Magnetic concentrate results showing mass recoveries and grades at each step of the LIMS process. Cleaner 3 mags is the final concentrate produce