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Sky Metals Limited ( (AU:SKY) ) has provided an update.
Sky Metals Limited announced the successful completion of a surface trenching program at its Tallebung project, identifying zones for bulk sampling and metallurgical optimization. This development is set to enhance the company’s resource estimation and confidence through further pilot-scale testwork. The company has also raised $6 million to fund resource expansion, bulk sampling, and expedite mining development, positioning itself for growth and increased stakeholder confidence in its operations.
More about Sky Metals Limited
Sky Metals Limited operates in the mining industry, focusing primarily on the exploration and development of tin resources. The company has a market focus on advancing its Tallebung project, which involves activities such as trenching, drilling, and metallurgical testing to optimize tin production and validate resource estimates.
YTD Price Performance: 4.00%
Average Trading Volume: 361,516
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$36.96M
For detailed information about SKY stock, go to TipRanks’ Stock Analysis page.
