Heron Resources Limited reported that it has entered into an Agreement with Sky Metals Limited (Sky) whereby Sky will earn into three Heron tenements in eastern NSW, under the following terms. The Agreement is for two project areas Cullarin (21km west of Goulburn) and Kangiara (27km north of Yass) covered by three tenements. Sky will spend $400,000 in the first year and a total of $2.0 million over 3 years to earn an 80% interest. Heron will then be free carried at 80% until a definitive feasibility study (DFS) is completed or $10 million of total expenditure is reached. Heron receives 10 million Sky options at a strike price of 15c and exercisable when Sky proceeds to $2 million farm-in stage.