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An update from Sky Metals Limited ( (AU:SKY) ) is now available.
Sky Metals has launched a major multi-rig drilling program of more than 100 holes at its Tallebung Tin Project in New South Wales to extend high-grade tin-silver-tungsten zones, support an updated Mineral Resource Estimate and gather geotechnical data for mine design, with the revised resource and initial mining studies expected in early 2026. Parallel bulk metallurgical testwork at Tallebung and a recent breakthrough in producing a saleable tin concentrate at the Doradilla Tin Project underscore the company’s push to establish a second development asset, while strengthened leadership, board participation in funding and a $4.7m cash balance provide the financial and organisational backing to sustain accelerated drilling, studies and permitting into 2026.
The most recent analyst rating on (AU:SKY) stock is a Hold with a A$0.16 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 projects in New South Wales, principally the Tallebung and Doradilla tin projects. The company is advancing these assets through extensive drilling, metallurgical testwork and early-stage mining studies, positioning itself as an emerging tin producer amid growing demand for critical minerals.
Average Trading Volume: 1,272,914
Technical Sentiment Signal: Buy
Current Market Cap: A$127.8M
See more insights into SKY stock on TipRanks’ Stock Analysis page.