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Sky Metals Limited ( (AU:SKY) ) just unveiled an update.
Sky Metals Limited has reported significant progress in its ongoing Reverse Circulation drilling program at the Tallebung tin project, with new results indicating expanded deposit footprints and higher-grade tin zones. The drilling has successfully extended the deposit to the east and west, with the potential for further expansion as the project remains open in all directions. The results underscore the high value of near-surface tin, with the tin price currently trading at over three times the price of copper, highlighting the strategic importance of these developments for Sky Metals.
The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.
More about Sky Metals Limited
Sky Metals Limited operates in the mining industry, focusing primarily on the exploration and development of tin deposits. The company is engaged in expanding its resource base, with a particular emphasis on the Tallebung tin project.
Average Trading Volume: 416,237
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$30.56M
See more data about SKY stock on TipRanks’ Stock Analysis page.