Sky Metals Limited (ASX: SKY) has delivered an exceptional start to 2026, reporting high‑grade tin and silver assay results from the first batch of drilling in its ongoing multi‑rig drilling programme at the 100%-owned Tallebung Tin Project in central western New South Wales.
Oliver Davies, managing director and CEO of Sky Metals, commented, “With tin and silver prices reaching record highs, this is an outstanding time to be reporting such impressive early results from our ongoing multi‑rig drilling programme at Tallebung. Tin has surged above US$53,000/t on the LME – more than four times the copper price – highlighting the exceptional value of high‑grade tin discoveries such as this. The high‑grade intercepts from the southern and central parts of the deposit reinforce Tallebung’s status as a premier near‑term development opportunity, particularly against the backdrop of rising tin, silver, and tungsten prices. We look forward to receiving further assay results in the coming weeks as drilling continues with multiple rigs, and to advancing the project rapidly toward potential tin‑silver‑tungsten production.”
The standout early assays form part of Sky Metals’ 2026 drilling campaign, which aims to expand high‑grade mineralisation zones across the Tallebung system. Results to date demonstrate significant upside potential, with high‑grade tin and silver intercepts encountered in both the central and southern areas of the deposit. Additional assays are expected over the coming weeks as drilling progresses.
Sky Metals views Tallebung as a leading near‑term development opportunity, strengthened by the current pricing environment for tin, silver, and tungsten. The company plans to continue advancing the project through accelerated drilling, further assays, and ongoing technical studies as part of its broader development strategy for 2026.
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