FINWIRES · TerminalLIVE
FINWIRES

ASX:SKY

7 stories mentioning ASX:SKYUpdated 27m ago

Every FINWIRES story that references ASX:SKY, newest first.

Asia

Sky Metals Reports Pre-Tax NPV of AU$438 Million in Tallebung Project Pre-Feasibility Study

Sky Metals (ASX:SKY) said a pre-feasibility study for its Tallebung Project in New South Wales has returned a pre-tax net present value of about AU$438 million at an 8% discount rate and a pre-tax internal rate of return of 69% over an initial 7.3-year mine life, according to a Monday Australian bourse filing.The company said the study delivers life-of-mine average annual earnings before interest, taxes, depreciation and amortization of more than AU$115 million and a capital payback of less than 17 months, based on assumed prices of $45,000 per tonne of tin, $1,500 per metric tonne unit of tungsten trioxide and $50 per gram of silver.Pre-production capital is AU$138.8 million, comprising around AU$113.4 million for the processing plant and around AU$26.3 million for site and mine establishment, exclusive of contingency, with an all-in sustaining cost (AISC) of $5,653 per tonne of tin produced net of co-products, the filing added.Funding discussions are advancing with strategic offtake, royalty, streaming and financing groups, with approvals targeting mining approval in late 2027 and first production in mid-2028, the filing added.The company's shares rose 4% in recent Monday trade.

ASX:SKY
Asia

Sky Metals Confirms Further Intercepts at New South Wales Project; Shares Down 6%

Sky Metals (ASX:SKY) said new drilling at its Tallebung project in New South Wales showed "significant potential" to expand the asset's mineral resource, according to a Monday filing with the Australian bourse.New intercepts include 29 meters at 0.31% tin and 0.04% tungsten from 27 meters; one meter at 4.32% tungsten and 0.08% tin from 66 meters; three meters at 1.16% tin, 0.15% tungsten, and 10.6 grams per tonne grade of silver from 75 meters; and 26 meters at 0.27% tin, 0.07% tungsten, and 23.3 g/t silver from 27 meters.The new results fall outside the project's recently upgraded mineral resource estimate and will be evaluated for addition in future resource updates, the company said.It added that further drilling is due to start in the coming weeks, and a pre-feasibility study for Tallebung remains on track for completion in July.Sky Metals shares fell over 6% in recent Monday trade.

ASX:SKY
Asia

Sky Metals Reports 32.7 Million Tonne Updated Resource at Tallebung Tin-Silver-Tungsten Project, Shares Up 4%

Sky Metals (ASX:SKY) completed an updated mineral resource estimate (MRE) for its Tallebung tin-silver-tungsten project in New South Wales, with the new MRE exceeding the upper limit of the previous exploration target, according to a Monday Australian bourse filing.The new MRE stands at 32.7 million tonnes at 0.16% tin equivalent for 36,800 tonnes of contained tin, 1.14 million metric tonne units of contained tungsten trioxide, and 9.94 million ounces of contained silver.The company said the estimate now contains 58% more tin, 126% more tin in measured and indicated resources, 163% more tungsten, and includes a maiden 9.94 million ounce silver resource.Tallebung continues to advance through the New South Wales State Significant Development approval pathway, with the environmental impact statement now underway alongside the completion of the pre-feasibility study (PFS) targeted for later this month, it added.The company's shares rose 4% in recent Monday trade.

ASX:SKY
Asia

Sky Metals' Drilling at New South Wales Deposit Returns New Tin, Tungsten, Silver Intercepts

Sky Metals (ASX:SKY) said extensional and infill drilling at its Tallebung deposit in New South Wales returned high‑grade tin, tungsten, and silver intercepts, according to a Tuesday filing with the Australian bourse.The latest results include nine meters at 0.54% tin, 0.11% tungsten, and 205 grams per tonne grade of silver from 67 meters; 34 meters at 0.27% tin, 0.03% tungsten, and 57.7 g/t silver from 39 meters; 14 meters at 0.58% tin and 0.04% tungsten from one meter; 16 meters at 0.27% tin, 0.03% tungsten, and 15.4 g/t silver from 30 meters; and 10 meters at 0.44% tin and 0.02% tungsten from 14 meters.An updated mineral resource estimate for the project is expected within two weeks, followed by a pre-feasibility study, the company said.Sky Metals shares gained 2% in recent Tuesday trade.

ASX:SKY
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

Track with the FINWIRES app suite

FolioX
FolioX
Track ASX:SKY in your portfolio
WheelAI
WheelAI
Analyze ASX:SKY options with the wheel strategy
StockInsider
StockInsider
See market sentiment on ASX:SKY