Sky Metals Uncovers Major Extensions at Tallebung Tin Project

Sky Metals Limited ( (AU:SKY) ) just unveiled an update.

Sky Metals has reported significant new extensions at its Tallebung Tin Project in New South Wales, where recent extensional drilling intersected prospective quartz-vein structures beneath a large soil anomaly, indicating potential repetitions of existing mineralisation to the south-east. Cassiterite-bearing rock chips from newly mapped historical workings, identified via airborne LiDAR, further support the discovery of additional mineralised zones for imminent drill testing.

The company said the results demonstrate that the Tallebung system remains open in all directions and suggest substantial growth potential beyond the current resource footprint, with two reverse circulation rigs now incorporating these new targets into an ongoing major drilling campaign. Continued RC drilling is expanding high-grade tin-silver-tungsten zones and completing infill work for an updated Mineral Resource Estimate due next quarter, which will be based on more than 400 drill holes and is expected to materially increase the size and confidence of the project’s resource base.

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 company focused on tin, silver and tungsten, with its flagship asset being the Tallebung Tin Project in New South Wales. The company is advancing this project toward potential near-term development through extensive drilling, resource expansion and technical studies aimed at underpinning mine planning and approvals.

Average Trading Volume: 2,016,908

Technical Sentiment Signal: Buy

Current Market Cap: A$137.5M

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