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 the tin market, where a long term growth in prices reflects challenged supply and growing demand amid new applications of the metal. Indeed, recent research by the Rio Tinto Ventures Group, identifies tin as the ‘metal most impacted by future technologies’ (http://www.riotinto.com/investors/presentations-91_24894.aspx).
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.
In addition SKY has a focused gold exploration strategy in NSW, which includes a farm-in agreement executed with Heron Resources (ASX:HRR) over the Cullarin (EL7954) and Kangiara (EL8400, 8573) Projects and two new gold tenements (Douro Project; ELA5783,5787).
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 SKY exploration teams significant combined experience gained during the discovery of the McPhillamys Gold Deposit (60.1Mt @ 1.05g/t Au for 2.03MOz; ASX RRL 8 September 2017).