Sky Metals Limited ( (AU:SKY) ) has provided an announcement.
Sky Metals Ltd has announced significant extensions to the Tallebung deposit, with tin intersected in all four diamond drill-holes, and assays pending for the fifth. The results indicate the potential for substantial growth in the existing Mineral Resource Estimate, enhancing the project’s commercial viability. The company is also set to commence a major multi-rig Reverse Circulation drilling program, aiming to further expand the deposit and improve resource grade through ore sorting and pilot scale gravity processing testwork. These developments suggest promising prospects for the Tallebung project, potentially increasing its value and marketability.
More about Sky Metals Limited
Sky Metals Ltd is a company operating in the mining industry, focusing primarily on the exploration and development of tin deposits. The company’s flagship project is the Tallebung Tin Project located in central New South Wales, Australia.
YTD Price Performance: -5.56%
Average Trading Volume: 348,210
Technical Sentiment Signal: Hold
Current Market Cap: A$36.25M
For an in-depth examination of SKY stock, go to TipRanks’ Stock Analysis page.