Sky Metals has reported exceptional early drill results at its Tallebung Tin Project, revealing high-grade tin and silver intercepts that promise significant resource growth and project upside.
- Multiple shallow, high-grade tin and silver intercepts confirmed
- Deposit remains open in all directions, expanding resource potential
- Over 400 drill holes to be included in updated Mineral Resource Estimate
- Ongoing multi-rig drilling and diamond drilling advancing mine design
- Updated MRE and mining studies expected in first half of 2026
Exceptional Early Drilling Results
Sky Metals Limited has kicked off 2026 with a bang, announcing outstanding high-grade tin and silver assay results from the first batch of its ongoing multi-rig drilling campaign at the Tallebung Tin Project in central western New South Wales. The results include multiple shallow intercepts, such as 3 metres at 604 grams per tonne silver and 0.68% tin from just 24 metres depth, and 21 metres at 0.75% tin from 27 metres, underscoring the project's robust mineralisation.
Expanding the Resource Footprint
Crucially, the drilling continues to demonstrate that the deposit remains open in all directions, with new high-grade zones emerging beyond the current Mineral Resource Estimate (MRE) boundaries. This expansion potential is particularly highlighted by drill-hole TBRC268, which intercepted 5 metres at 103 grams per tonne silver and 0.30% tin from 76 metres, confirming promising mineralisation along the southern extent of the deposit.
Towards a Major Resource Upgrade
Sky Metals is on track to incorporate data from more than 400 drill holes into an updated MRE, a significant increase from the 115 holes used previously. This expanded dataset is expected to deliver a substantial upgrade in both resource size and confidence, providing a solid foundation for updated open-pit designs, mine scheduling, and feasibility studies. The company’s strategy of accelerating drilling across newly identified high-grade zones aims to support this upgrade and strengthen geological confidence through targeted in-fill drilling.
Advancing Mine Design and Development
Alongside the reverse circulation drilling, diamond drilling is underway to gather essential structural and geotechnical data for mine design. A third rig is planned to commence drilling in February, further accelerating the exploration program. These efforts align with the company’s goal to rapidly advance Tallebung towards potential tin-silver-tungsten production, capitalising on soaring commodity prices, with tin recently surpassing US$53,000 per tonne on the London Metal Exchange.
Strategic Importance of Tallebung
Tallebung stands out as a near-term, open-pit tin development project with exceptional metallurgical characteristics, including ore sorting and gravity separation advantages. Its location in a historically significant tin mining region, combined with the high-grade intercepts and shallow mineralisation geometry, positions it well to meet growing global demand for tin, silver, and tungsten, critical metals for electronics, semiconductors, and renewable energy technologies.
Bottom Line?
With drilling momentum building and a major resource update imminent, Tallebung is shaping up as a key player in the global tin supply landscape.
Questions in the middle?
- How large and economically viable will the updated Mineral Resource Estimate be?
- What timelines and capital requirements will the next development phases entail?
- How will rising tin, silver, and tungsten prices impact project economics and financing?