Tallebung Drilling Yields 15m at 0.68% Tin and 77g/t Silver

Expanding the Tallebung Tin Deposit

Sky Metals Limited has released a new batch of assay results from its ongoing Reverse Circulation (RC) drilling program at the Tallebung Tin Project in central New South Wales. The latest results reveal several high-grade tin intercepts near the surface, including standout intervals such as 15 metres at 0.68% tin and 77.2 grams per tonne silver, and 20 metres at 0.41% tin starting from just 8 metres depth. These findings not only expand the known mineralisation footprint but also add new zones of higher-grade tin within the existing mineral resource estimate (MRE).

A Deposit Open in All Directions

The drilling program continues to demonstrate that the Tallebung deposit remains open along multiple strike and depth directions. This openness suggests significant potential for further resource growth as the company explores beyond the current boundaries. Notably, many of the newly discovered mineralised zones lie away from historical workings, indicating that the most promising parts of the deposit may still be uncovered.

Strategic Focus on Shallow, High-Grade Zones

Sky Metals is prioritising shallow extensions and infill drilling to increase confidence in the resource and identify higher-grade zones that could be mined early in a potential open-pit operation. The shallow nature of the mineralisation, combined with the unique characteristics of the tin ore; large discrete cassiterite grains amenable to low-cost processing; positions Tallebung as a potentially ultra-low-cost tin supplier. This is particularly relevant given tin’s strong market price, trading at more than three times that of copper.

Ongoing Drilling and Future Updates

To date, 91 holes have been completed with assay results received for 45 holes. Approximately 60 additional holes are approved and planned for drilling in the coming month, with the overall program targeting around 150 holes. Sky Metals expects a steady flow of assay results over the next few months, which will further clarify the scale and grade distribution of the deposit and support ongoing resource updates.

Positioning for Near-Term Development

Managing Director Oliver Davies highlighted that these results reinforce Tallebung’s credentials as a near-term, open-pit tin development project. The combination of shallow mineralisation, high grades, and excellent metallurgical performance underpins the project’s potential to deliver a secure, low-cost source of tin; a metal critical to electronics, solar technology, and other high-growth sectors.