Sky Metals

Sky Metals is advancing toward low-cost tin production to meet the accelerating global demand for tin—an essential metal in semiconductors, electronics, solar PV, and electric vehicles. With supply disruptions and few reliable, ethical sources of tin, SKY offers a rare ASX-listed opportunity to gain exposure to this critical and increasingly strategic commodity.

SKY’s flagship Tallebung Tin Project in central western NSW is a near-term, open-pit development located at a historic tin field first discovered in the 1890s. The company is defining a large-scale hardrock resource, with recent drilling uncovering high-grade tin and silver zones and demonstrating exceptional metallurgical performance across the deposit. The shallow geometry and cassiterite-hosted mineralisation make Tallebung ideally suited to low-cost mining and processing, including advanced XRT ore sorting that upgrades tin grades by up to 44x, followed by gravity separation to produce a saleable concentrate.

Management Profile:

Oliver Davies - Managing Director

Mr Davies joined SKY as a geologist in 2019. He was appointed to Exploration Manager in 2021, then to CEO in early 2022 and subsequently to Managing Director in September 2024. Prior to SKY, Mr Davies was in exploration and operational roles with Evolution Mining and Alkane Resources in NSW and Qld. Mr Davies has worked closely on several successful NSW discoveries including Evolution Mining’s significant expansion of the Lake Cowal gold resource and with Alkane’s regional exploration success at Tomingley and Boda.
 

What is your rationale for taking part in 121 Mining Investment?

SKY is continuing to quickly advance the Tallebung Tin Project towards production and is looking for broader awareness of the project to keep the growing momentum on the project to continue to propel the project towards development in the near-term.

What recent news would you like to highlight to investors attending?

30 September 2025 - New High-Grade Tin-Silver Zones Intersected at Tallebung

9 September 2025 - New High-Grade Tin, Silver & Tungsten Zones at Tallebung

18 August 2025 - Bulk Ore Sorting Delivers Exceptional 13x Tin Grade Uplift

31 July 2025 - $6.1 Million Placement to Advance the Tallebung Tin Project

21 July 2025 - High-Grade Silver-Tin Zone Discovered at Tallebung

14 July 2025 - Metallurgical Development Unlocks Tin System at Doradilla

1 July 2025 - New High-Grade Tin Intercepts at Tallebung

17 June 2025 - Strong, Shallow Tin Intercepts Widen Tallebung Deposit

20 May 2025 - High-Grade Tin Discovery Grows At Tallebung

What are your key goals for the next 3, 6 and 12 months?

3 Months
Further drilling at Tallebung to grow recent drilling success and provide an updated MRE.

6 Months 
Use update MRE to release mining studies to show low-cost production potential at Tallebung. 

12 Months
Improve on project metrics and quickly advance project approvals towards production.
 

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Environmental and mining approvals will need to be secured, however, the large pre-existing disturbance from the historic mining as well as SKY's proactive approach in already completing much of the baseline environmental data to submit mining applications.

What do you think makes your company such a compelling investment?

Exposure to low-cost, near-term tin production in a stable jurisdiction with large tin deposits also in the SKY portfolio showing potential for decades of tin production. 

What are the top 3 key investor takeaways?

• Growing tin demand with fragile supply reflected in a growing tin price.

• Near term, low-cost tin production potential from the Tallebung Tin Project.

• Proven Board and Management, demonstrated to deliver on these projects, instrumental in establishing multiple extremely successful businesses previously.