Sky Metals has reported new shallow, wide, high-grade tin-tungsten-silver drill intercepts at its Tallebung Project, expanding the deposit ahead of an imminent Mineral Resource Estimate and Pre-Feasibility Study.
- Broad, shallow tin-tungsten-silver mineralisation extended
- Significant new intercepts outside current resource footprint
- Updated Mineral Resource Estimate due within fortnight
- Pre-Feasibility Study to follow shortly after MRE
- Further drilling results pending to support resource growth
New High-Grade Zones Extend Tallebung Deposit
Sky Metals Limited (ASX:SKY) has unveiled further encouraging drill results from its 100%-owned Tallebung Tin-Silver-Tungsten Project in New South Wales, confirming the deposit’s expanding footprint with broad, shallow, high-grade mineralisation. Notably, holes TBRC436 to TBRC439 have identified a previously unreported zone of tin-tungsten-silver mineralisation along the north-eastern margin of the deposit, adding new layers to an already sizeable resource.
The standout intercepts include 9 metres at 0.54% tin, 0.11% tungsten and 205 g/t silver from 67 metres in TBRC427, and a 34-metre run averaging 0.27% tin, 0.03% tungsten, and 57.7 g/t silver in TBRC428. These broad zones, combined with higher-grade included intervals such as 1 metre at 2.45% tin and 0.88% tungsten, underscore the deposit’s continuity and grade variability near surface, which is favourable for open-pit mining approaches.
Resource Update and Feasibility Milestones Approaching
The company is poised to release an updated Mineral Resource Estimate (MRE) within the next two weeks, incorporating over 500 drill holes, more than doubling the dataset supporting the current resource. This expanded drilling database is expected to enhance resource confidence and provide a stronger foundation for mine planning.
Following the MRE, Sky Metals plans to publish a Pre-Feasibility Study (PFS), a critical step in advancing Tallebung towards development. The PFS will leverage the enlarged resource and detailed geological data to refine project economics and development scenarios, potentially accelerating the path to production.
Exploration Continues with Further Drilling Pending
Additional assay results remain outstanding from recent drilling campaigns, with expectations high that these will further bolster the resource base. The ongoing exploration effort aims to delineate the deposit’s extents both along strike and at depth, maintaining the narrative of an open-ended, scalable system.
Managing Director Oliver Davies emphasised the significance of this phase, stating that the growing dataset and consistent intercepts reinforce Tallebung’s potential as a near-term development opportunity. The combination of shallow mineralisation and expanding zones supports the company’s view of efficient open-pit extraction and optimised project outcomes.
Given the project’s proximity to regulatory milestones, including recent environmental approvals, the imminent resource and feasibility updates will be pivotal in shaping investor sentiment and project trajectory.
Bottom Line?
Sky Metals is entering a critical development phase at Tallebung, with resource expansion and feasibility outcomes set to define the project’s near-term potential.
Questions in the middle?
- How will the updated Mineral Resource Estimate alter Tallebung’s overall size and grade profile?
- What economic scenarios will the Pre-Feasibility Study explore regarding open-pit versus underground mining?
- To what extent will pending assay results further expand the resource or reveal new zones?