Australian (ASX) Stock Market Forum

SKY - Sky Metals

I was holding Heron when they started drilling on some of these farmed out results.
Was waiting for drilling results, next thing I hear was farmed out.... and SKY hitting the sky...
Caution !
(CLA might be the next pumpa...)
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Heron is long gone off the ASX now, but I keep it in the watchlist to remind me of the dog nature of some enterprises and employees of listed companies.
 
Multi-mineral explorer Sky Metals Ltd (ASX:SKY) has made new discovery of high-grade tin through drilling at its Tallebung project in central New South Wales, with a drillhole to the south picking up thick intercepts grading 1.02 percent tin, 77.9 grams per tonne of silver and 0.13 percent tungsten from 64 metres.
 
This looks like a nice punt for the Oct 2024 tipping comp.
From Sky Metals website:
Tin price: Increasing with Growing Demand.
Fundamental structural demand growth – Triggering supply crunch after 30+ year under investment.
Tin is vital within EVs, Renewable Energy, AI and all electronics.
 
Picking SKY again for the Nov 2024 stock tipping comp.

TALLEBUNG TIN PROJECT, NSW – DRILLING UPDATE
WIDE, HIGHER-GRADE TIN INTERCEPTS CONTINUE TO HIGHLIGHT GROWTH
POTENTIAL
 Broad, higher-grade tin intersections returned from in-fill drilling under the historic
southern open pit at Tallebung, with results including:
TBRC114: 29m @ 0.50% tin & 33.8g/t silver from 173m, including:
7m @ 1.23% tin & 106g/t silver from 181m.
TBRC115: 11m @ 0.43% tin & 49.7g/t silver from 85m, including:
6m @ 0.71% tin & 56.6g/t silver from 85m.
 Results demonstrate excellent continuity of another higher-grade zone within the
Tallebung deposit. This is in addition to the previously discovered high-grade zones,
including the southern extension zone – for which results were released previously1.
 The results of this program will improve the geological models for the Tallebung
Project, with the aim of significantly increasing the size, grade and confidence of the
current MRE2 in preparation for releasing potential mining studies.
 
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