- NSW approvals pathway accelerating with scoping report submitted
- State Significant Development (SSD) process initiated
- Updated MRE and PFS on track for release this quarter, supporting progress towards near-term development
- Further shallow, high-grade tin-tungsten-silver intersections delivered
Sky Metals (ASX: SKY) has ticked a number of boxes as it accelerates the Tallebung tin project in central New South Wales.
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The company has achieved a significant breakthrough on the approvals pathway with the submission of a scoping report to formally initiate the NSW State Significant Development (SSD) approval process.
MD and CEO Oliver Davies said commencement of the SSD process reflects the advancement of Tallebung and allows key environmental, technical and permitting workstreams to progress in parallel as the project heads towards near-term development.
“This marks a significant step forward for SKY, with Tallebung advancing on both the approvals and technical fronts. The initiation of the NSW State Significant Development process is a key milestone as we position the project for near-term development,” he said.
“At the same time, ongoing drilling continues to deliver shallow, high-grade tin-tungsten-silver results, highlighting the strength, continuity and scale of the Tallebung system.
“With more than 500 drill holes completed and further results imminent, we are well positioned for the upcoming updated Mineral Resource Estimate and Pre-Feasibility Study in the first half of 2026. SKY is well-funded and focused on accelerating Tallebung toward development as a near‐term, strategic source of tin and tungsten.”
Mr Davies said the recent appointment of environmental consultants and an environmental manager at SKY is driving the SSD process, baseline studies and ongoing stakeholder engagement.
“These activities are aligned and continue to exceed the company’s planned development schedule, underpinning its strategy to advance Tallebung as a near‐term tin, tungsten and silver development opportunity.
An updated mineral resource estimate (MRE) and pre-feasibility study (PFS) remain on track for release in the current quarter.
These studies will incorporate the substantially expanded drilling dataset generated over the past 18 months and are expected to reflect a step‐change in both resource scale and confidence.
More than 500 drill holes have now been completed at Tallebung, representing a significant increase in geological information compared with the existing MRE, which includes only 115 drill-holes. The updated MRE will underpin mine planning, metallurgical optimisation and economic assessment as the Company quickly transitions into development studies.
SKY is up 11.8% to 19.0¢. Mkt cap $168.0M.
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