Sky Metals Limited (ASX: SKY) has announced the commencement of RC drilling at its Tallebung Tin Project, NSW with a diamond drilling component to begin in the following weeks.
The programme will consist of approximately 23 RC drillholes and 2-3 diamond drillholes for a total of ~5000m and will target significant increases to the size and confidence of the current MRE at Tallebung, with the aim to expand the current MRE of 15.6Mt @ 0.15% tin towards the estimated exploration target which is only limited by the drilling completed to date.
“With tin prices rising to the highest levels in almost two years, underpinned by growing tin supply uncertainty, this programme to increase the MRE at Tallebung represents a vital step towards developing tin resources to meet the growing global demand for tin. Tin demand has remained strong due to its critical role as a solder, holding all electronics together, as well as in solar cell PVs and semiconductors, among many other applications.” Said SKY CEO Oliver Davies.
In addition, SKY continues to consolidate Tallebung as a rare opportunity to establish low-cost tin production, with increasing deposit scale and ideal mineralogy which provides an average of a 5x increase in grade with TOMRA ore sorting across the entire deposit, increasing the resource grade of 0.15% tin, to over 0.70% tin.
“Supply shortages and uncertainties are pushing the tin price higher as the need for tin is increasing rapidly with global electrification and AI technology. Tallebung’s potential to be a low-cost, Australian tin producer represents an important move to building stable sources of tin to supply the growing demand. This drilling programme is key to building a ‘critical mass’ for mining studies and potential future mining at Tallebung.” Added Mr. Davies.
To find out more, please visit www.skymetals.com.au
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