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Sky Metals Limited (AU:SKY)
ASX:SKY
Australian Market

Sky Metals Limited (SKY) AI Stock Analysis

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AU:SKY

Sky Metals Limited

(Sydney:SKY)

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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
AU$0.11
▲(16.67% Upside)
The score is held back mainly by weak financial performance (no revenue, widening losses, and ongoing cash burn), despite balance-sheet improvement. Technicals are supportive with a strong uptrend above major moving averages, but overbought signals add near-term risk. Valuation is hard to assess due to negative earnings and no dividend yield data.
Positive Factors
Balance-sheet strengthening
Rising equity and low reported leverage materially improve the company’s funding runway for an early‑stage miner. A stronger balance sheet reduces short‑term refinancing risk and gives management flexibility to fund exploration or development decisions without immediate capital raises.
Improving free cash flow trend
A marked improvement in free cash flow reflects better cost control and/or reduced investment spend. This durable trend can slow cash burn, extend runway, and lower the frequency or size of future financings if maintained through disciplined spending or staged project development.
Conservative revenue recognition
Consistent, conservative reporting indicates prudent accounting and governance. Over the medium term this supports credibility with capital providers and reduces the risk of surprise reversals, aiding long‑term planning and securing financing on clearer, more reliable assumptions.
Negative Factors
No revenue base
Absence of any revenue across multiple years leaves the company entirely reliant on exploration outcomes and capital markets rather than operating cash flows. This structural lack of earnings increases execution risk and makes the business sensitive to funding and commodity cycles.
Persistent cash burn and funding reliance
Ongoing negative operating cash flow means the company must continue accessing external capital to fund operations. Over months this elevates dilution or debt risk, constrains project timelines, and can force hurried financing decisions that weaken shareholder outcomes if market conditions tighten.
Widening losses and pre‑production status
A sharp deterioration in profitability amid a pre‑production/exploration profile erodes equity and shortens runway. Structurally, the business faces a binary path—successful resource development or repeated capital raises—raising long‑term dilution and execution risk for investors.

Sky Metals Limited (SKY) vs. iShares MSCI Australia ETF (EWA)

Sky Metals Limited Business Overview & Revenue Model

Company DescriptionSky Metals Limited engages in the exploration and development of mineral resources in Australia. The company primarily explores for gold, copper, tin, tungsten, copper, bismuth, indium, nickel, cobalt, silver, lead, and zinc deposits. It holds interest in the Cullarin, Caledonian, Galwadgere, Iron Duke, Doradilla, Tallebung, Tirrana, Narraih, New England, and Kangiara projects located in New South Wales. The company was formerly known as Planet Gas Limited and changed its name to Sky Metals Limited in June 2019. Sky Metals Limited was incorporated in 2001 and is based in Orange, Australia.
How the Company Makes Money

Sky Metals Limited Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-133.99K-133.99K-142.81K-144.51K-149.75K-88.81K
EBITDA-1.70M-2.99M-1.97K
Net Income-3.15M-3.15M-2.03K
Balance Sheet
Total Assets21.94M21.94M18.42M15.51K21.54K17.28K
Cash, Cash Equivalents and Short-Term Investments3.43M3.43M3.26M
Total Debt276.77K352.47K418.22K505.79K59.98K
Total Liabilities1.48M1.48M1.28M
Stockholders Equity20.46M20.46M17.14M14.48K20.54K16.62K
Cash Flow
Free Cash Flow-867.00K-1.62M-4.56M
Operating Cash Flow-847.73K-1.60M-1.31M
Investing Cash Flow-4.82M-4.82M-3.21M
Financing Cash Flow5.60M5.60M3.94M

Sky Metals Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
AU$50.98M18.8910.47%-6.77%-18.18%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
53
Neutral
AU$61.93M-53.49-3.30%6.52%
52
Neutral
AU$157.11M-65.33-5.37%
50
Neutral
AU$90.71M-23.40-16.76%
47
Neutral
AU$47.26M-12.78-13.66%50.00%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SKY
Sky Metals Limited
0.11
0.06
111.54%
DE:YAK
Nexus Minerals Ltd.
0.04
0.01
54.17%
AU:AWJ
Auric Mining Ltd.
0.27
-0.05
-15.00%
AU:AS1
Golden Rim Resources Ltd
0.10
0.08
444.44%
AU:KNB
Koonenberry Gold Limited
0.05
0.03
206.67%
AU:AGC
Australian Gold & Copper Ltd.
0.23
0.09
64.29%

Sky Metals Limited Corporate Events

Sky Metals Issues 3.75 Million Unquoted Performance Rights Under Incentive Scheme
Dec 19, 2025

Sky Metals Limited has issued a total of 3.75 million unquoted performance rights under its employee incentive scheme, comprising 2.25 million rights expiring on 27 November 2028 and 1.5 million rights expiring on 30 June 2027. The move strengthens the company’s long-term incentive framework by rewarding staff based on future performance, which may help Sky Metals attract and retain key talent in a competitive resources sector while further aligning management interests with those of shareholders.

The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.

Sky Metals Announces Appointment of Executive Director to Advance Tallebung Tin Project
Dec 18, 2025

Sky Metals Limited has appointed Scott Todd as Executive Director – Project Development to expedite permitting, construction, and operations for the Tallebung Tin Project. His extensive experience in mining, leadership roles, and handling state-significant projects positions the company to unlock significant value for shareholders and solidify its presence in the growing tin market.

The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.

Sky Metals Advances Tallebung Tin Project Amid Rising Demand
Dec 2, 2025

Sky Metals Limited has announced advancements in its Tallebung Tin Project in New South Wales, highlighting a significant and expanding resource base. The company aims to leverage cutting-edge technology and efficient development processes to capitalize on the growing demand for tin. This strategic move is expected to enhance Sky Metals’ operational capabilities and strengthen its position within the mining sector, potentially benefiting stakeholders through increased resource confidence and future production potential.

The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.

Sky Metals Limited Announces Change in Director’s Interest
Nov 27, 2025

Sky Metals Limited announced a change in the director’s interest, specifically involving Norman Seckold, who holds indirect interests through various entities. The update reflects a change in the number of securities held by these entities, which could impact the company’s governance and stakeholder confidence.

The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.

Sky Metals Limited Announces Director’s Increased Stake
Nov 27, 2025

Sky Metals Limited has announced a change in the director’s interest, specifically involving Richard Hill. The update reveals that Mr. Hill, through Silverpeak Nominees Pty Ltd and the Switchkickers Super Fund, has acquired additional performance rights and fully paid ordinary shares. This change reflects an increased stake in the company, potentially signaling confidence in the company’s future prospects and aligning the director’s interests with those of the shareholders.

The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.

Sky Metals Limited Announces Director’s Interest Change
Nov 27, 2025

Sky Metals Limited has announced a change in the director’s interest, specifically regarding Rimas Kairaitis, who holds indirect interests through Smiff Pty Ltd. The announcement details the acquisition of additional performance rights following shareholder approval at the 2025 AGM, reflecting ongoing adjustments in the company’s executive compensation structure.

The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.

Sky Metals Limited Announces Director’s Interest Change
Nov 27, 2025

Sky Metals Limited has announced a change in the director’s interest, with Oliver Davies acquiring additional securities. This adjustment, involving the acquisition of 400,000 fully paid ordinary shares and performance rights, reflects a strategic move following shareholder approval at the 2025 AGM, potentially impacting the company’s operational strategies and stakeholder interests.

The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.

Sky Metals Limited Issues New Shares and Performance Rights
Nov 27, 2025

Sky Metals Limited, a company listed on the Australian Securities Exchange, has issued 9,100,000 fully paid ordinary shares at a price of $0.065 per share, along with 12,550,000 performance rights. This issuance was conducted without disclosure to investors under Part 6D.2 of the Corporations Act, and the company confirms compliance with relevant provisions of the Act. The announcement signifies a strategic move to potentially enhance the company’s capital structure and operational capabilities.

The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.

Sky Metals Limited Announces Quotation of New Securities
Nov 27, 2025

Sky Metals Limited announced the quotation of 9,100,000 ordinary fully paid securities on the ASX, marking a significant step in their financial operations. This move is part of a previously announced transaction, potentially impacting the company’s market positioning and offering new opportunities for stakeholders.

The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.

Sky Metals Expands Drilling Program at Tallebung Tin Project
Nov 26, 2025

Sky Metals Limited is accelerating its drilling program at the Tallebung Tin Project by mobilizing a second drill rig to test high-grade silver-tin zones. This initiative aims to expand resource growth and improve confidence in the mineralization, with first assay results expected in December. The company is also advancing mine development studies, supported by strong board backing and funding, with an updated Mineral Resource Estimate and mining studies scheduled for early next year.

The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.

Sky Metals Limited AGM: Resolutions Passed with Strong Shareholder Support
Nov 10, 2025

Sky Metals Limited held its Annual General Meeting on November 10, 2025, where several resolutions were passed with significant shareholder support. Key resolutions included the adoption of the remuneration report, re-election of directors, and approval of share issuances and performance rights to related parties. The successful passage of these resolutions indicates strong shareholder confidence and positions the company for future strategic initiatives.

The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.

Sky Metals Launches Major Drilling Program at Tallebung Tin Project
Nov 4, 2025

Sky Metals Limited has initiated a major new drilling program at its Tallebung Tin Project in New South Wales, aiming to expand high-grade tin-silver-tungsten zones discovered in a previous successful drilling campaign. The program includes over 100 drill holes targeting extensions of high-grade zones and in-fill drilling to update the Mineral Resource Estimate, with results expected to be progressively reported. This initiative is part of Sky Metals’ strategy to advance the project towards development, supported by ongoing metallurgical and environmental studies.

The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.

Sky Metals to Present at NSW Critical Minerals Showcase
Oct 19, 2025

Sky Metals Limited has been invited by the NSW Government to present at the Critical Minerals Investment Showcase in Sydney, highlighting the state’s commitment to safe and sustainable mining. The company’s Managing Director, Oliver Davies, will discuss the next phase of exploration and development at the Tallebung Tin Project, which is positioned as a large and growing resource with modern technology advantages.

The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.

Sky Metals Limited Announces Key Resolutions for Upcoming AGM
Oct 9, 2025

Sky Metals Limited has announced its Annual General Meeting, scheduled for November 10, 2025, in Sydney. The meeting will address several key resolutions, including the adoption of the remuneration report, the re-election of Director Norman Seckold, and the ratification and approval of share issues under different tranches of placement. These resolutions are significant for the company’s governance and capital structure, potentially impacting shareholder value and corporate strategy.

The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 08, 2026