Sky Metals (ASX:SKY) is aiming to progress its Tallebung Tin Project in New South Wales towards production over the coming months, which investors can hear more about at next week’s RIU Sydney Resources Round-Up.
The $18.74 million market capitalisation company is one of the nearly 100 presenters taking the stage at the three-day conference held at the Darling Harbour’s Hyatt Regency Hotel on 7 to 9 May 2024, for which Mining.com.au is an official media partner.
Sky Metals CEO Oliver Davies, who will be presenting on the third day at 3:20pm (AEST), says the presentation will focus on activities to date, as well as what is planned to drive its Tallebung Project to production.
“We are keen to share the progress we have made at Sky, particularly at Tallebung, and feel that RIU Sydney will be a great platform for Sky to further update the market on the exciting times ahead for Tallebung and the tin market – well timed as the tin price is currently reaching two year highs.”
During April, tin reached its highest point since June 2022, sitting at US$35,582 (A$54,493) per tonne as of 19 April 2024.
Tin is used in soldering which is required in electronic devices such as smartphones, laptops, and wearable devices.
Davies says that its latest drilling program is continuing and results will be released over the next two to three months, as Sky Metals carries on with growing Tallebung’s tin resource.
“Once the resource reaches a ‘critical mass’ for mining, anticipated on the back of this current drilling program, Sky will then be releasing mining studies,” Davies says.
“The current work to expand the tin resource at Tallebung is the only step before we can begin to release mining studies on the potential financials of tin mining at Tallebung, anticipated later this year.”
The Tallebung project contains an inferred and indicated resource of 15.6 million tonnes @ 0.15% tin, based on a 0.08% tin cut-off grade. The project lies 70km north-west of Condobolin in central New South Wales and is considered prospective for lode, porphyry-style and bulk tonnage tin-tungsten mineralisation.
Write to Aaliyah Rogan at Mining.com.au
Images: Sky Metals
