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Sky Metals Limited ( (AU:SKY) ) just unveiled an update.
Sky Metals Ltd has announced new high-grade tin intercepts from its ongoing Reverse Circulation drilling program at the Tallebung Tin Project, indicating significant potential for resource expansion. The results suggest the deposit remains open in all directions, with new high-grade zones identified, which could enhance the project’s viability as a low-cost tin source. The company plans to continue drilling to further define and expand the resource, potentially impacting its market positioning and offering promising returns for stakeholders.
The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.80 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 Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary product is tin, and it is actively engaged in expanding its Tallebung Tin Project in central New South Wales, Australia.
Average Trading Volume: 509,538
Technical Sentiment Signal: Hold
Current Market Cap: A$39.8M
For an in-depth examination of SKY stock, go to TipRanks’ Overview page.