Sky Metals Limited (ASX:SKY) is an ASX listed public company focused on the exploration and development of mineral resources in Australia.
SKY’s project portfolio offers exposure to gold, copper and tin projects in the world class mining jurisdiction of NSW. SKYs gold exploration strategy is focused on the identification and efficient testing of advanced McPhillamys-type, gold targets in the Late Silurian stratigraphy of NSW. The strategy leverages the experience of SKY’s team during the discovery and delineation of the McPhillamys Gold Deposit (60.1Mt @ 1.05g/t Au for 2.03MOz; ASX RRL 8 September 2017).
SKY’s gold projects in NSW includes a farm-in agreement with Heron Resources (ASX:HRR) over the Cullarin (EL7954) and Kangiara (EL8400, 8573) Projects (SKY 80%) and three 100% SKY projects – Caledonian (EL8920 & ELA6031), Mylora (EL8915) and Tirrana (ELA5968).
SKYs copper-gold exploration strategy is focused on the identification of advanced projects that can be rapidly expanded by drill testing.
SKY’s copper-gold projects in NSW include two Options to Purchase of advanced projects – Galwadgere (EL6320) and Iron Duke (EL6064). Shallow, open-ended copper-gold resources have been delineated by previous exploration at Galwadgere by Alkane Resources (ASX ALK 28th April 2005) and at Iron Duke by KBL mining (ASX KBL Mining 4th June 2012). At both projects, SKY has delineated potential extensions to mineralisation both down dip and along strike and prioritised both for immediate drill testing.
In addition, SKY’s project portfolio offers exposure to the tin market, where a long term growth in prices reflects challenged supply and growing demand amid new applications of the metal.
SKY owns 100% of the Tallebung and Doradilla Projects in New South Wales and is committed to adding value through the application of modern exploration techniques at these high quality tin projects.