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    SKY   AU0000049637

SKY METALS LIMITED

(SKY)
Delayed Australian Stock Exchange  -  05/19 10:08:42 pm EDT
0.0800 AUD   +2.56%
05/10Sky Metals Hits Tin Mineralization at New South Wales' Tallebung Project
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05/09Sky Metals Limited Provides an Update on the RC Drilling Assay Results Recently Received for the Tallebung Tin Project in NSW
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04/25Sky Metals Limited Appoints Oliver Davies as Chief Executive Officer
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Sky Metals Limited Provides an Update on Exploration Activities At the 3KEL Tin-Polymetallic Target At the Doradilla Tin-Polymetallic Project in NSW

12/14/2021 | 07:29pm EDT

Sky Metals Limited provided an update on exploration activities at the 3KEL Tin-Polymetallic Target at the Doradilla Tin-Polymetallic project in NSW. The Second drill hole in the ongoing diamond drilling program at the large tin-polymetallic 3KEL Target has intercepted strong visual UV fluorescent potential tin mineralisation over at least a 30-40m interval from approximately 151-189m in 3KDD014. This visual mineralisation represents an 80m extension down dip at depth of the large 3KEL Target below 3KRCD007. Malayaite, which is the mineral that hosts the tin mineralisation at 3KEL, has a rare property of fluorescing strongly under short wavelength UV light. This allows areas of potential tin mineralisation to be identified via UV fluorescence. The UV fluorescence recorded in 3KDD014 is a strong indication that the tin mineralisation continues 80m down dip below hole 3KRCD007, extending the mineralisation at 3KEL significantly at depth. Drilling has already been completed on the next hole, 3KDD015, at 3KEL which will aim to extend the mineralisation to the southwest. 3KDD015 is planned to further extend the strike to the southwest and test under a previous high-grade tin intercept from historic aircore drilling which intercepted 42m @ 1.46% tin from 0m (3KAC020). This hole is over 200m from any previous drilling by SKY and aims to further increase the strike at 3KEL. A large diameter hole is planned to be drilled in the vicinity of 3KRCD007 and 3KDD014 to provide sample for further metallurgical test work over the next few months.


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All news about SKY METALS LIMITED
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Financials
Sales 2021 - - -
Net income 2021 -2,35 M -1,65 M -1,65 M
Net cash 2021 3,47 M 2,44 M 2,44 M
P/E ratio 2021 -14,3x
Yield 2021 -
Capitalization 30,1 M 21,2 M 21,2 M
EV / Sales 2020
EV / Sales 2021 -
Nbr of Employees -
Free-Float 64,0%
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Managers and Directors
Oliver Davies Chief Executive Officer
Norman Alfred Seckold Executive Chairman
Rimas Kairaitis Non-Executive Director
Richard Grant Manners Hill Non-Executive Director
Richard Walter Cumming Willson Secretary
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