Sky Metals

Sky Metals is primarily focused on the development of the Tallebung tin-tungsten-silver Project in New South Wales, Australia. The company is advancing toward low-cost tin, tungsten and silver production to meet the accelerating global demand – all essential metals in semiconductors (essential in the exploding data centre build for AI), electric vehicles, renewable energy, defence technologies and tin is irreplaceable in all electronics. 
 
With global supply disruptions and few reliable, ethical sources of tin and tungsten, SKY offers a rare ASX-listed opportunity to gain exposure to these critical and increasingly strategic commodities.

SKY owns 100% of the flagship Tallebung Project in NSW and committed in adding value through the application of modern exploration and processing techniques. Tallebung is a near-term, open-pit development located at a historic tin field in central western NSW. Further drilling at Tallebung has uncovered high-grade tin, tungsten and silver zones and demonstrating exceptional metallurgical performance across the deposit. The shallow geometry make Tallebung ideally suited to low-cost mining and processing, including a proven advanced TOMRA ore sorting technology that upgrades tin grades by up to 10x.

The results of the recently released Pre Feasibility Study (PFS) demonstrates that Tallebung has the potential to become a simple, high-margin, low-cost Australian producer of tin, tungsten and silver. With an updated Mineral Resource Estimate (MRE) exceeding the upper end of its previous Exploration Target, Sky is establishing Tallebung as one of Australia’s most significant emerging tin-tungsten-silver development projects. The study outlines a project with exceptional project economics, rapid capital payback, modest upfront capital requirements and strong cash generation.

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?

10 August 2026 – Tallebung PFS Confirms Low-Cost, High-Margin Project

20 July 2026 - New High-Grade Tin-Tungsten-Silver Intercepts at Tallebung

13 July 2026 - Tallebung Delivers Major Tin-Tungsten-Silver MRE Upgrade

23 June 2026 - New Shallow, Wide, High-Grade Tin-Tungsten-Silver Intercepts

3 June 2026 - Tallebung Key NSW Approvals Milestone Achieved

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

3 Months
Further drilling extends the PFS mine life with increased Resource confidence in the already large MRE and progress strategic project funding pathways.

6 Months 
Release Definitive Feasibility Study incorporating project improvements, including MRE upgrade, and continue the rapid advancement of project approvals towards mining in 2028. 

12 Months
Finalise project funding and mining approvals in preparation ready for construction and mining production ramp up in the following months.
 

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 and tungsten demand with fragile or restricted supply reflected in surging tin and tungsten prices.

• Near term, low-cost tin, tungsten and silver production potential from the Tallebung Project..

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