Want to see AU:VKA full AI Analyst Report?
Viking Mines Limited (VKA) AI Stock Analysis
Top Page
Viking Mines Limited
(ASX:VKA)
The score is held back primarily by weak financial performance—ongoing losses and recent cash burn outweigh the benefit of a conservatively levered balance sheet. Technical indicators are neutral-to-slightly constructive, providing limited support. Valuation is difficult to assess favorably because the company is loss-making (negative P/E) and no dividend yield is available.
Viking Mines Limited (VKA) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 23.19M
- Dividend Yield
- ―
- Average Volume (3M)
- 11.79M
- Price to Earnings (P/E)
- -2.2
- Beta (1Y)
- 0.25
- Revenue Growth
- 2139.47%
- EPS Growth
- -78.26%
- Country
- Australia
- Employees
- 3
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Other Precious Metals
Viking Mines Limited Business Overview & Revenue Model
Company Description
Viking Mines Limited operates as a mineral exploration company in Australia. The company explores for vanadium, nickel, copper, cobalt, and gold deposits. It holds 100% in the Canegrass Battery Minerals project that covers 620 kilometers located in t...
Viking Mines Limited Financial Statement Overview
Summary
Overall fundamentals are weak despite a low-leverage balance sheet. Income statement quality is poor with deep, persistent losses in 2024–2026 and highly volatile revenue (including a sharp rebound in 2026 that did not translate to profitability). Cash flow is a major negative with recent operating cash burn and deteriorating free cash flow, increasing reliance on external funding even though debt levels are low.
Income Statement
28NegativeBalance Sheet
74PositiveCash Flow
22Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 531.88K | 735.50K | 460.78K | 147.86K | 4.43M | 4.16M |
| Gross Profit | 466.96K | 735.50K | 460.78K | 147.86K | 4.35M | 4.09M |
| EBITDA | -4.79M | -4.59M | -3.04M | -2.70M | 2.31M | 1.45M |
| Net Income | -7.30M | -7.30M | -3.12M | -2.77M | 1.21M | 1.39M |
Balance Sheet | ||||||
| Total Assets | 7.77M | 7.77M | 8.43M | 8.78M | 11.69M | 8.75M |
| Cash, Cash Equivalents and Short-Term Investments | 3.37M | 3.37M | 2.63M | 3.90M | 4.13M | 4.45M |
| Total Debt | 147.35K | 147.35K | 135.81K | 0 | 83.27K | 136.12K |
| Total Liabilities | 733.50K | 733.50K | 370.98K | 1.60M | 2.15M | 556.25K |
| Stockholders Equity | 7.03M | 7.03M | 8.06M | 7.18M | 9.54M | 8.19M |
Cash Flow | ||||||
| Free Cash Flow | -3.34M | -3.34M | -3.20M | 133.37K | -479.45K | 1.02M |
| Operating Cash Flow | -3.34M | -3.34M | -3.20M | 133.37K | -370.22K | 1.04M |
| Investing Cash Flow | -179.32K | -179.32K | -710.60K | -214.71K | -109.97K | 83.58K |
| Financing Cash Flow | 4.25M | 4.25M | 2.54M | -69.49K | -66.63K | -58.38K |
Viking Mines Limited Peers Comparison
Overall Rating
- AU:VKA50Neutral
AU:ION47Neutral
AU:OZM47Neutral
AU:KNB44Neutral
AU:PRX42Neutral
AU:ZAG41Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| AU:VKA | 50Neutral | AUD 23.19M | -2.19 | -97.49% | ― | 2139.47% | -78.26% |
| AU:ION | 47Neutral | AUD 107.48M | -14.46 | -95.49% | ― | -100.00% | -9.80% |
| AU:OZM | 47Neutral | AUD 18.86M | -5.16 | -95.83% | ― | ― | -3.28% |
| AU:KNB | 44Neutral | AUD 23.43M | -3.96 | -31.63% | ― | ― | -58.33% |
| AU:PRX | 42Neutral | AUD 24.27M | -3.64 | -58.95% | ― | ― | 40.91% |
| AU:ZAG | 41Neutral | AUD 29.12M | 0.55 | 79.65% | ― | ― | ― |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:VKA | Viking Mines Limited | 0.01 | 0.00 | 0.00% | |
| AU:PRX | Prodigy Gold NL | 0.05 | -0.01 | -14.29% | |
| AU:ZAG | Zuleika Gold Limited | 0.03 | -0.00 | -9.68% | |
| AU:ION | Southern Gold Limited | 0.08 | 0.04 | 92.86% | |
| AU:OZM | OzAurum Resources Ltd. | 0.07 | -0.00 | -2.99% | |
| AU:KNB | Koonenberry Gold Limited | 0.02 | -0.02 | -56.82% |
Viking Mines Limited Corporate Events
Viking Mines advances Nevada tungsten push as Linka drilling delivers strong results
Viking Mines has advanced its Linka Tungsten Project in Nevada from drill-ready status to active maiden reverse-circulation drilling, with all five assayed holes at Linka Main confirming significant tungsten mineralisation beneath historic workings....
Viking Mines Sets November Date for AGM and Urges Early Proxy Voting
Viking Mines Limited has called its annual general meeting of shareholders for 10:00am WST on 5 November 2026 at its West Perth offices, setting 4:00pm WST on 3 November 2026 as the record time for voting eligibility. In line with Australian corporat...
Viking Mines Director Boosts Shareholding via Performance Rights Conversion
Viking Mines Limited has disclosed a change in director Charles Thomas’s relevant interests, following the conversion of vested performance rights into ordinary shares. The transaction resulted in the issue of 50,000,000 new ordinary shares and...
Viking Mines Details Streamlined Governance Framework Aligned to ASX Principles
Viking Mines Limited has released its Corporate Governance Statement outlining how its board aligns with the ASX Corporate Governance Council’s Principles and Recommendations. The company uses a Board Charter to define roles, responsibilities,...
Viking Mines Plans Auditor Change After 2026 AGM
Viking Mines Limited has announced a planned change of external auditor, with Hall Chadwick WA Audit Pty Ltd proposed to replace Horizon Nexus (WA) Audit Pty Ltd following the close of the company’s 2026 Annual General Meeting. The transition,...
Viking Mines Confirms Thick Tungsten Zones at Nevada’s Linka Project
Viking Mines has reported a second batch of assay results from its maiden drilling program at the Linka Tungsten Project in Nevada, confirming thick zones of tungsten mineralisation both above and below the historic Linka mine workings. Key intercept...
Viking Mines Reports Strong Visual Tungsten Intercepts at Nevada’s Linka Project
Viking Mines has reported further strong visual intercepts of scheelite from its maiden RC drilling campaign at the Linka Tungsten Project in Nevada, with 20 holes completed to date and visible mineralisation in most holes at the Linka Main target. D...
Viking Mines Sets Timetable for 2026 Annual General Meeting and Director Nominations
Viking Mines Limited has announced details for its upcoming annual general meeting of shareholders, scheduled for 10:00am AWST on Thursday, 5 November 2026, at its West Perth office. The meeting forms part of the company’s regular corporate gov...
Viking Mines’ Maiden Linka Drilling Confirms High-Grade Tungsten Below Historic Workings
Viking Mines has reported maiden reverse circulation drilling results from the historic Linka Mine area in Nevada, with the first hole delivering 14 metres at 0.56% WO3 from 40 metres downhole, including 5 metres at 0.81% WO3. The intercept, hosted i...
Viking Mines Uncovers High-Grade Tungsten Across Nevada Portfolio
Viking Mines has reported reconnaissance sampling results from its Long and Terrell projects in Nevada, confirming high-grade tungsten mineralisation at both historic mine sites within intrusion-related skarn settings. Assays include standout grades...
Viking Mines Confirms High-Grade Tungsten at Nevada Projects
Viking Mines has reported high-grade tungsten assays from reconnaissance sampling at its Long and Terrell projects in Nevada, confirming significant mineralisation at historic mine sites that have seen no modern exploration. The findings suggest mean...
Viking Mines Confirms High-Grade Tungsten Output From Linka Ore Sorting Tests
Viking Mines has reported assay results confirming that X-ray Transmission ore sorting at the Linka Tungsten Project can generate significantly higher-grade tungsten products while rejecting low-grade material. Tests on samples from the Conquest Pit...
Viking Mines Uncovers High-Grade Tungsten in Historic Linka Stockpiles
Viking Mines has reported assay results from its Phase 2 field mapping and sampling program at the Linka Tungsten Project in Nevada, confirming significant tungsten grades in both historical trenches and rock stockpiles. Resampling of historical tren...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 03, 2026