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    SKY   AU0000049637

SKY METALS LIMITED

(SKY)
Delayed Australian Stock Exchange  -  01:40 2022-06-27 am EDT
0.0610 AUD   +7.02%
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05/31Sky Metals Limited Provides an Update on Exploration Activities At the 3KEL Tin-Polymetallic Target At the Doradilla Tin-Polymetallic Project and the Tallebung Project, Both in NSW
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Sky Metals Limited Provides an Update on the RC Drilling Assay Results Recently Received for the Tallebung Tin Project in NSW

05/09/2022 | 07:45pm EDT

The Board of Sky Metals Limited provide an update on the RC drilling assay results recently received for the Tallebung Tin Project in NSW. Assays for the first four holes in the program were received in April. The assays for the final six holes have now been received with all holes successfully intercepting strong broad tin mineralisation. Mineralisation at Tallebung is geologically interpreted to be hosted in four broad subparallel east dipping lodes named Lode A, B, C and D from east to west respectively. TBRC015 was planned to intercept down plunge extensions to the broad tin mineralisation intercepted in TBRC006 and identified as being `Lode C' (Figure 1). Due to drilling difficulties, TBRC015 was ended prematurely before passing entirely through Lode C, however, the hole did intercept mineralisation interpreted to be associated with the subparallel and overlying Lode B. Results included: 29m @ 0.13% tin from 82m, including; 3m @ 0.54% tin from 82m. TBRC016 was targeted to test up dip extensions to the mineralisation in Lode C and infill in an area of only very wide spaced and shallow historic drilling. This hole confirmed the continuation of broad tin mineralisation in an up-dip position on Lode C, results included: 20m @ 0.13% tin from 29m including; 4m @ 0.46% tin from 29m. TBRC017 was over 80m south of TBRC016 and above the historic hole DDH16. This was also to test up dip extensions to the mineralisation in Lode C and infill in a region of only very wide spaced and shallow historic drilling. This hole also confirmed the continuation of broad tin mineralisation in an up-dip position on Lode C, results included: 17m @ 0.11% tin from 17m including; 5m @ 0.25% tin from 24m. 4m @ 0.34% tin from 54m.


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Financials
Sales 2021 - - -
Net income 2021 -2,35 M -1,63 M -1,63 M
Net cash 2021 3,47 M 2,41 M 2,41 M
P/E ratio 2021 -14,3x
Yield 2021 -
Capitalization 21,5 M 14,9 M 14,9 M
EV / Sales 2020
EV / Sales 2021 -
Nbr of Employees -
Free-Float 64,0%
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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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