Tallebung Drilling Yields 40m at 0.24% Tin and 1.58% Tungsten Intercepts

Expanding the Tallebung Footprint

Sky Metals Limited (ASX – SKY) has announced compelling results from its latest Reverse Circulation (RC) drilling campaign at the 100%-owned Tallebung Tin Project in New South Wales. The program, comprising over 140 drill holes, has successfully intersected multiple new zones of shallow, high-grade tin and silver mineralisation, significantly expanding the known mineralised footprint of the deposit.

Noteworthy intercepts include a broad 40-metre zone grading 0.24% tin and 26.6 grams per tonne silver starting at just 31 metres depth, with higher-grade intervals such as 8 metres at 0.55% tin and 120 grams per tonne silver. These results reinforce the continuity of mineralisation in newly identified eastern extensions of the deposit, suggesting robust potential for resource growth.

Emergence of a High-Grade Tungsten Zone

In a particularly encouraging development, drilling in the north-western sector of Tallebung has revealed a new high-grade zone rich in tungsten, silver, and tin. Intercepts such as 6 metres at 1.32% tungsten, 20.2 grams per tonne silver, and 0.10% tin, alongside a standout 3-metre interval grading 1.58% tungsten and 173 grams per tonne silver, highlight the polymetallic nature of the deposit.

This discovery is timely given tungsten’s status as a critical mineral, with prices exceeding US$30,000 per tonne amid tightening supply due to recent Chinese export restrictions. The presence of tungsten alongside tin and silver could enhance the project’s economic profile through valuable by-product credits.

Next Steps and Development Potential

Sky Metals is moving swiftly to capitalise on these promising results. The company has submitted approvals for a substantial follow-up drilling program exceeding 100 holes, aimed at expanding and infilling the newly discovered high-grade zones. Drilling is expected to recommence shortly, pending regulatory clearance.

Managing Director Oliver Davies emphasised the significance of these findings, noting that the expanded mineralisation and new tungsten zones markedly improve the development potential of Tallebung. The project’s shallow, open-pit nature combined with excellent metallurgical characteristics positions it well for near-term development as a key Australian critical minerals asset.

Additional assay results from the recent program remain pending and will be released in the coming weeks, potentially further enhancing the resource base and project outlook.