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Sky Metals Limited ( (AU:SKY) ) has provided an update.
Sky Metals has reported high‑grade tin‑polymetallic rock‑chip results at its Doradilla Project in New South Wales, including 3.10% tin with significant lead, copper, zinc and indium, extending the confirmed mineralised strike to more than 10 kilometres. This materially enlarges the perceived scale of the Doradilla system, which previously had an Exploration Target defined over only 2.5 kilometres, and follows metallurgical testwork demonstrating around 78% tin recovery into a saleable concentrate, reinforcing Doradilla as a strong second tin development opportunity alongside the Tallebung Project and prompting further drilling plans to pursue what could be an extremely large tin system.
The most recent analyst rating on (AU:SKY) stock is a Hold with a A$0.17 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 is an Australian exploration and development company focused on tin and polymetallic projects, with a flagship asset at Tallebung in New South Wales. The company targets large-scale, high-grade tin systems with associated base metals, aiming to advance projects with strong metallurgical characteristics and potential to become significant tin producers in the global market.
Average Trading Volume: 1,925,191
Technical Sentiment Signal: Buy
Current Market Cap: A$141.8M
For an in-depth examination of SKY stock, go to TipRanks’ Overview page.