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Sky Metals Limited ( (AU:SKY) ) has issued an announcement.
Sky Metals Limited has announced significant assay results from its recent drilling campaign at the Tallebung Project, revealing new zones of high-grade tin and silver mineralization. The results include standout intercepts, such as 1m at 7.44% tin from a shallow depth, which highlight the potential for low-cost open-pit development. The company plans to commence a new drilling program, targeting further growth and in-fill of higher-grade zones, positioning itself for further development and value creation.
The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.08 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 a company operating in the mining industry, focusing on the exploration and development of tin and silver deposits. The company is particularly active in the Tallebung Project in New South Wales, Australia, where it aims to expand its resource base and enhance the value of its mineral assets.
Average Trading Volume: 1,072,579
Technical Sentiment Signal: Hold
Current Market Cap: A$61.91M
For detailed information about SKY stock, go to TipRanks’ Stock Analysis page.