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Sky Metals Limited ( (AU:SKY) ) just unveiled an announcement.
Sky Metals Limited has reported promising initial assay results from its extensive Reverse Circulation (RC) drilling program at the Tallebung Tin Project. The first three drill holes have intersected high-grade tin, expanding a newly discovered zone to the south of the current mineral resource estimate (MRE). This success has led to the decision to more than double the size of the current RC program, with over 100 holes permitted for drilling. The company is also advancing its metallurgical program to optimize tin concentrate production, which is crucial for off-take marketing. These developments highlight the strategic importance of the project and its potential to significantly enhance Sky Metals’ market position.
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 Limited is a company engaged in the mining industry, focusing on the exploration and development of tin resources. Their primary project is the Tallebung Tin Project located in central New South Wales, Australia, where they are actively conducting drilling programs to expand and enhance their mineral resource estimates.
Average Trading Volume: 465,201
Technical Sentiment Signal: Sell
Current Market Cap: A$31.98M
Find detailed analytics on SKY stock on TipRanks’ Stock Analysis page.