Sky Metals Limited (AU:SKY)
ASX:SKY
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Sky Metals Limited
(Sydney:SKY)
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Rating:54Neutral
Price Target:
AU$0.15
â–˛(2.00% Upside)
Action:ReiteratedDate:02/12/26
The score is held back primarily by weak financial performance (no revenue, losses, and cash burn), partially offset by improved balance-sheet strength. Technicals are a key positive due to strong trend and momentum, though overbought readings raise near-term risk. Valuation is constrained by a negative P/E and lack of dividend support.
Positive Factors
Stronger balance sheet
A materially larger equity base and low leverage provide a durable funding runway for exploration activity versus prior years. This reduces short-term solvency risk, gives management flexibility to stage programs, and lessens the immediate need for dilutive capital while results are developed.
Negative Factors
No revenue / pre-production profile
Absence of operating revenue means the company lacks an earnings base and must rely entirely on financing or successful resource conversion. Over the medium term this elevates execution and technical risk: commercial viability depends on exploration success, which is inherently uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Stronger balance sheet
A materially larger equity base and low leverage provide a durable funding runway for exploration activity versus prior years. This reduces short-term solvency risk, gives management flexibility to stage programs, and lessens the immediate need for dilutive capital while results are developed.
Read all positive factors
Sky Metals Limited (SKY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$148.26M
Dividend YieldN/A
Average Volume (3M)886.95K
Price to Earnings (P/E)―
Beta (1Y)1.68
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding988,382,700
10 Day Avg. Volume714,988
30 Day Avg. Volume886,949
Financial Highlights & Ratios
PEG Ratio-0.81
Price to Book (P/B)1.82
Price to Sales (P/S)0.00
P/FCF Ratio-22.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.31Price Target Upside106.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sky Metals Limited Business Overview & Revenue Model
Company Description
Sky 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 int...
How the Company Makes Money
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Sky Metals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -118.80K | -133.99K | -142.81K | -144.51K | -149.75K | -88.81K |
| EBITDA | -3.10M | -2.99M | -1.97K | ― | ― | ― |
| Net Income | -4.62M | -3.15M | -2.03K | ― | ― | ― |
Balance Sheet | ||||||
| Total Assets | 26.45M | 21.94M | 18.42M | 15.51K | 21.54K | 17.28K |
| Cash, Cash Equivalents and Short-Term Investments | 4.70M | 3.43M | 3.26M | 3.83K | 4.60K | 3.53K |
| Total Debt | 234.72K | 277.00 | 352.47K | 418.22K | 505.79K | 59.98K |
| Total Liabilities | 1.11M | 1.48M | 1.28M | 665.00 | 983.00 | 641.00 |
| Stockholders Equity | 25.34M | 20.46M | 17.14M | 14.48K | 20.54K | 16.62K |
Cash Flow | ||||||
| Free Cash Flow | -1.92M | -1.62M | -4.56M | -3.90K | -4.00K | -6.70K |
| Operating Cash Flow | -1.85M | -1.60M | -1.31M | -987.00 | -1.22K | -836.00 |
| Investing Cash Flow | -3.60M | -4.82M | -3.21M | -2.94K | -2.89K | -3.89K |
| Financing Cash Flow | 5.77M | 5.60M | 3.94M | 3.17K | 5.18K | -55.00 |
Sky Metals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$63.61M | -42.37 | 10.47% | ― | -6.77% | -18.18% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$148.26M | -11.11 | -20.15% | ― | ― | ― | |
45 Neutral | AU$200.77M | -26.94 | -3.39% | ― | ― | ― | |
44 Neutral | AU$25.69M | -12.60 | -9.73% | ― | ― | 50.00% | |
44 Neutral | AU$55.20M | -14.40 | -4.97% | ― | ― | 6.52% |
* Basic Materials Sector Average
AU:SKY
Sky Metals Limited
0.15
0.10
219.15%
DE:YAK
Nexus Minerals Ltd.
0.03
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-17.65%
AU:AWJ
Auric Mining Ltd.
0.34
0.06
21.43%
AU:AS1
Golden Rim Resources Ltd
0.13
0.09
228.95%
AU:KNB
Koonenberry Gold Limited
0.03
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-35.90%
AU:AGC
Australian Gold & Copper Ltd.
0.21
0.03
17.14%
Sky Metals Limited Corporate Events
Sky Metals Expands Tallebung Footprint and Advances Key Approvals
Mar 10, 2026
Sky Metals has reported further high‑grade, shallow tin‑tungsten‑silver intercepts and cassiterite‑bearing rock‑chip assays from ongoing multi‑rig drilling at its Tallebung Tin Project in New South Wales, confir...
Sky Metals Director Sells Shares to Cover Tax From Performance Rights
Feb 27, 2026
Sky Metals Limited has disclosed a change in the shareholding of director Oliver Davies, in line with ASX listing rule 3.19A.2 requirements. The notice details an adjustment to his holding of fully paid ordinary shares in the company.Davies dispos...
Sky Metals Requests Trading Halt Ahead of Material Capital Raising
Feb 10, 2026
Sky Metals Limited has requested an immediate trading halt on its securities on the ASX as it prepares to announce a material capital raising. Trading in SKY shares will remain halted until the earlier of the capital raising announcement being rel...
Sky Metals Uncovers Major Extensions at Tallebung Tin Project
Feb 8, 2026
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 ...
Sky Metals Extends High-Grade Tin Strike at Doradilla Beyond 10km
Feb 4, 2026
Sky Metals has reported high‑grade tin‑polymetallic rock‑chip results at its Doradilla Project in New South Wales, including 3.10% tin with significant lead, copper, zinc and indium, extending the confirmed mineralised strike to ...
Sky Metals Director Norman Seckold Increases Indirect Shareholding
Jan 30, 2026
Sky Metals Limited has disclosed a change in the indirect holdings of director Norman Seckold through several associated entities, including Altinova Nominees, Seckold Pty Ltd, Permgold Pty Ltd, Evenlen Pty Ltd and Cavefair Pty Ltd. The filing to ...
Sky Metals Director Increases Equity Holding Through Performance Rights Conversion
Jan 30, 2026
Sky Metals Limited has disclosed a change in Director Oliver Davies’ interests, with 1,250,000 performance rights converting into an equivalent number of fully paid ordinary shares at no cash consideration. Following this conversion, Davies&...
Sky Metals Director Increases Shareholding Through Performance Rights Conversion
Jan 30, 2026
Sky Metals Limited has reported a change in the indirect holdings of director Rimas Kairaitis, made through his associated entity Smiff Pty Ltd. The company disclosed that 1,250,000 performance rights held by Kairaitis were converted into 1,250,00...
Sky Metals Director Converts Performance Rights to Ordinary Shares
Jan 30, 2026
Sky Metals Limited has reported a change in the indirect holdings of director Richard Hill, involving entities through which he holds interests, including Silverpeak Nominees Pty Ltd and the Switchkickers Super Fund. The transaction saw the conver...
Sky Metals Director Increases Shareholding Through Performance Rights Conversion
Jan 30, 2026
Sky Metals Limited has reported a change in director Scott Todd’s relevant interests in the company’s securities following the conversion of performance rights into equity. Through the S W Todd Family Pty Ltd and Todd Family Trust, To...
Sky Metals Seeks ASX Quotation for 8.2 Million New Shares
Jan 30, 2026
Sky Metals Limited has applied for quotation of 8.2 million new fully paid ordinary shares on the ASX, expanding its listed securities on the exchange. The issuance, arising from the exercise or conversion of existing options or other convertible ...
Sky Metals Performance Rights Lapse, Trimming Potential Dilution
Jan 30, 2026
Sky Metals Limited has announced the expiry of 1,100,000 performance rights (ASX code: SKYAZ) that were due to expire on 1 July 2026, which have now lapsed unexercised as of 30 January 2026. The cessation of these performance rights reduces the po...
Sky Metals Ramps Up Tallebung Drilling and Confirms Doradilla as Second Tin Development Asset
Jan 22, 2026
Sky Metals has launched a major multi-rig drilling program of more than 100 holes at its Tallebung Tin Project in New South Wales to extend high-grade tin-silver-tungsten zones, support an updated Mineral Resource Estimate and gather geotechnical ...
Sky Metals Posts Exploration-Driven Cash Outflows but Maintains Liquidity via Equity Raising
Jan 22, 2026
Sky Metals Limited reported its quarterly cash flow for the period ended 31 December 2025, showing a net cash outflow from operating activities of A$449,000 and from investing activities of A$1.464 million, driven mainly by capitalised exploration...
Sky Metals Director Converts 1 Million Performance Rights Into Ordinary Shares
Jan 20, 2026
Sky Metals Limited has notified the ASX of a change in director Scott Todd’s indirect interests, reflecting an internal reclassification of his holdings within the company’s capital structure. Through the S W Todd Family Pty Ltd and T...
Sky Metals Director Converts Performance Rights to Shares, Boosting Indirect Holding
Jan 20, 2026
Sky Metals Limited has disclosed a change in director Richard Hill’s indirect interests, with entities associated with him consolidating and simplifying his equity exposure to the company. Through Silverpeak Nominees Pty Ltd and the Switchki...
Sky Metals Director Increases Equity Holding via Performance Rights Conversion
Jan 20, 2026
Sky Metals Limited has reported a change in the interests of director Rimas Kairaitis, who holds his stake indirectly through Smiff Pty Ltd. Following the conversion of several tranches of performance rights into equity, Kairaitis acquired 4.4 mil...
Sky Metals Director Oliver Davies Increases Shareholding Through Performance Rights Conversion
Jan 20, 2026
Sky Metals Limited has disclosed a change in the holdings of director Oliver Davies, who has increased his direct interest in the company to 18,033,191 fully paid ordinary shares and now holds 1,250,000 performance rights expiring in November 2028...
Sky Metals Updates Market on Director Norman Seckold’s Indirect Holdings
Jan 20, 2026
Sky Metals Limited has notified the ASX of changes in the indirect holdings of director Norman Seckold through various associated entities, including Altinova Nominees, Seckold Pty Ltd, Permgold Pty Ltd, Evenlen Pty Ltd and Cavefair Pty Ltd. The d...
Sky Metals Issues 26.5 Million Shares on Conversion of Performance Rights
Jan 20, 2026
Sky Metals Limited has issued 26.5 million fully paid ordinary shares following the conversion of performance rights, increasing its share base without undertaking a separate disclosure document to investors. The company confirmed it remains fully...
Sky Metals Seeks ASX Quotation for 26.5 Million New Shares
Jan 20, 2026
Sky Metals Limited has applied to the ASX for quotation of 26.5 million new fully paid ordinary shares, following the conversion or exercise of existing options or other convertible securities. The issuance, dated 19 January 2026, will expand the ...
Sky Metals Hits High-Grade Tin and Silver in Tallebung Drilling, Fast-Tracks Resource Upgrade
Jan 18, 2026
Sky Metals has reported a series of exceptional shallow high‑grade tin and silver intercepts, with associated tungsten, from the first batch of assays in its ongoing multi‑rig drilling campaign at the Tallebung Tin Project in NSW. The ...
Sky Metals Performance Rights Lapse, Trimming Potential Dilution
Jan 15, 2026
Sky Metals Limited has notified the market that 7,850,000 performance rights (ASX code SKYAO) expiring on 12 January 2026 have lapsed without being exercised or converted. The cessation of these securities, disclosed via an Appendix 3H filing, res...
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.