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ASX:SKY

3 stories mentioning ASX:SKYUpdated 16d ago

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Asia

Sky Metals Progresses New South Wales Project Through State's Approvals Process

Sky Metals (ASX:SKY) said the New South Wales Department of Planning, Housing and Infrastructure issued environmental assessment requirements for the company's Tallebung tin-silver-tungsten project, according to a Wednesday filing with the Australian bourse.The issuance marks "a significant development milestone" for the project, which is now advancing into the environmental impact statement phase of the state government's approvals process, the company said.Sky Metals said an updated mineral resource estimate and pre‑feasibility study are on track for release in the coming weeks.The company's shares fell 2% in recent Wednesday trade.

ASX:SKY
Asia

Locksley Resources Enters Into Option Agreement With Sky Metals Unit; Shares Up 7%

Locksley Resources (ASX:LKY) entered into a binding option agreement with Balmain Minerals, a unit of Sky Metals (ASX:SKY), to acquire a 100% interest in the Iron Duke project in New South Wales, according to a Thursday filing with the Australian bourse.The deal involves an option fee of AU$100,000 for nine months and an initial consideration of AU$500,000 on exercise of the option, the filing said.A further consideration of AU$500,000 is also due upon the delineation of a JORC Code-compliant mineral resource of at least 3 million tonnes graded at 1% copper equivalent or higher, or upon sale or transfer of the project, per the filing.Locksley Resources shares rose 7% in morning trade on Thursday. Meanwhile, Sky Metals shares were up 5%.

ASX:LKYASX:SKY
Asia

Sky Metals Begins New South Wales Project Development Approval Process; Shares Up 13%

Sky Metals (ASX:SKY) began the New South Wales State Significant Development approval process for the Tallebung project, with the submission of the scoping report, according to a Wednesday filing with the Australian bourse.The process facilitates the advancement of key environmental, technical, and permitting workstreams, moving the project towards near-term development, the filing said.An updated mineral resource estimate and pre-feasibility study are on track for release this quarter, per the filing.Shares rose 13% in midday trade on Wednesday.

ASX:SKY

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