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Sky Metals Limited (ASX:SKY)

ALERT: Price-sensitive ASX Announcement for SKY
Current share price for SKY : $0.240 0.08 (50%)+
Announcement
Release
9 Feb 2026 9:17AM
Price at Release
$0.160
Full Release
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Summary
Sky Metals Limited announced significant new extensions at their Tallebung Tin Project in New South Wales, discovered through recent drilling and surface sampling. These findings have identified new mineralised zones, suggesting the deposit remains open and has high growth potential. An updated Mineral Resource Estimate is anticipated soon, as Sky Metals continues to enhance its technical foundations for mine planning and approval processes. The company is focusing efforts on high-grade tin-silver-tungsten zones, with two Reverse Circulation drills currently operational. These findings are expected to bolster the project's position as a major near-term development opportunity.
Key Points
  • Sky Metals Limited has discovered significant new mineralized extensions at the Tallebung Tin Project in NSW.
  • Recent drilling and surface sampling have identified prospective quartz-vein structures and new cassiterite-bearing rock chips.
  • The Tallebung deposit remains open in all directions, highlighting its growth potential.
  • Updated Mineral Resource Estimate (MRE) is scheduled for release in the first half of the year, potentially increasing resource size and confidence.
  • Ongoing drilling is focusing on high-grade tin-silver-tungsten zones, supported by recent geological and geophysical surveys.
  • The project aims to establish Tallebung as a major near-term development opportunity with rapid technical advancement for mine planning.
  • Sky Metals emphasizes the importance of laboratory analyses over visual estimates for accurate mineral concentration data.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.