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Sky Metals Limited ( (AU:SKY) ) has provided an announcement.
Sky Metals Limited has reported significant progress in advancing its Tallebung Tin Project, with successful completion of trenching that intersected visual tin mineralisation across the project’s area. The company is now awaiting results from channel sampling, which will guide the extraction of bulk samples for metallurgical testwork. The metallurgical studies have demonstrated improved tin recovery rates, suggesting potential reductions in project capital and operational expenditures. The commencement of a diamond drilling program is set to further enhance the geological understanding and resource estimation, ultimately aiming to drive the project towards mining and development studies by mid-year.
More about Sky Metals Limited
Sky Metals Limited is a company involved in the mining industry, focusing on the extraction and development of mineral resources. Their primary product is tin, and they are currently advancing their 100%-owned Tallebung Tin Project in central New South Wales (NSW), Australia. The company is engaged in various exploratory and preparatory activities to enhance their project development and market engagement.
YTD Price Performance: -5.56%
Average Trading Volume: 576,601
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$36.96M
For an in-depth examination of SKY stock, go to TipRanks’ Stock Analysis page.
