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An announcement from Sky Metals Limited ( (AU:SKY) ) is now available.
Sky Metals Limited has announced significant assay results from its recent Reverse Circulation drilling program at the Tallebung Tin Project, revealing multiple new zones of shallow, high-grade tin, tungsten, and silver mineralization. These findings enhance the project’s development potential and support a potential upgrade to the deposit’s tonnage and quality. The company plans to commence a follow-up drilling program to further expand these discoveries, with additional assay results expected soon. This progress positions Sky Metals to advance the Tallebung Project as a significant new Australian critical minerals asset, amidst rising tungsten prices due to tightened global supply.
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 critical minerals such as tin, tungsten, and silver. The company is primarily engaged in advancing its Tallebung Tin Project in New South Wales, Australia, which is 100% owned by Sky Metals.
Average Trading Volume: 1,020,822
Technical Sentiment Signal: Hold
Current Market Cap: A$65.92M
For an in-depth examination of SKY stock, go to TipRanks’ Overview page.