Announcement PDF ASX: SKY ASX ANNOUNCEMENT 15 November 2023 FURTHER EXPANSIONS OF TIN MINERALISATION AND HIGH-GRADE TIN INTERCEPTED AT TALLEBUNG  Two groundwater monitoring bores have been completed to commence the mine permitting process at Tallebung and were drilled outside of a ‘conceptual open pit’ and over 140m from any previous drilling.  One of these groundwater bores intercepted strong tin mineralisation, results include; TBRC072: 18m @ 0.12% Tin from 14m, including; 1m @ 1.27% Tin & 0.03% Tungsten from 24m.  These results significantly expand the footprint of the tin mineralisation at Tallebung.  Outcropping quartz veins approximately 200m from the current extent of drilling have been discovered with visible cassiterite-tin*, rock chip samples have been collected - Assays are pending for these samples.  Additionally, assay results for 3 of the 4 diamond drillholes completed in the Resource Expansion Program for a total of 947.8m show high-grade tin mineralisation; results include; TBD005: 13m @ 0.48% Tin from 2m, including; 1m @ 3.18% Tin from 11m. TBD006: 2.4m @ 2.88% Tin & 0.07% Tungsten from 28.8m, including; 1m @ 7.73% Tin & 0.17% Tungsten from 29.65m TBD007: 4.1m @ 0.50% Tin & 0.06% Tungsten from 33m, and; 2.5m @ 1.35% Tin & 0.04% Tungsten from 82.5m  Results of the Resource Expansion Program have now been provided to SKY’s resource geologists at H&SC. An updated MRE is expected imminently. * In relation to the disclosure of visible mineralisation, the Company cautions that visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. The Company will update the market when laboratory analytical results become available, expected from late-December 2023. SKY METALS LIMITED +61 2 6360 1587 2 HAWTHORN PLACE, ORANGE NSW 2800 WWW.SKYMETALS.COM.AU ABN 46 098 952 035 Figure 1: Tallebung Tin Project – Plan showing extent of the current Exploration Target along with the identified extensions to the mineralisation with the tin intercepted by the groundwater monitoring bore and the location of the outcropping tin veins*, overlaid on the geological map. New results are in yellow. 2 The Board of Sky Metals Limited (‘SKY’ or ‘The Company’) is pleased to announce the following exploration results which substantially expand the extents of the known tin mineralisation at the at the Tallebung Project. TALLEBUNG PROJECT (EL 6699, SKY 100%) RESOURCE EXTENSIONS Two groundwater monitoring bores were drilled to commence recording data for mining and environmental permits to progress the Tallebung Tin Project. The bores were designed to be drilled well outside of any known tin mineralisation and outside of any potential future open pit area. One of these groundwater monitoring bores intercepted strong tin mineralisation which substantially expands the extents of the tin mineralisation at Tallebung; results include: TBRC072: 18m @ 0.12% Tin from 14m, including; 1m @ 1.27% Tin & 0.03% Tungsten from 24m. This hole was drilled over 140m further west from the nearest drillhole, adding over 140m of width to the 300-400m wide mineralisation discovered at Tallebung. In addition to this substantial extension, quartz veining with visible cassiterite nuggets has also been discovered in the base of the historic central lead open pit where alluvial tin resources were extracted in the 1960s - 1970s. Three rock chip samples, OD20231020-1 – OD20231020-3, have been taken of these outcrops and assays are pending for these samples (Figure 2 & Table 3). In relation to the disclosure of visible mineralisation, the Company cautions that visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. The Company will update the market when laboratory analytical results become available, expected from late-December 2023. RESOURCE EXTENSION DIAMOND DRILLING All holes were completed by early October for a total of 4 holes for 947.8m, holes TBD005-TBD008. All holes intercepted the characteristic coarse cassiterite-hosted tin mineralisation at Tallebung and assay results have now been received for 3 of the 4 holes completed, TBD005-TBD007. TBD005 was drilled to target tin lodes at depth and intercepted strong veining with visible coarse cassiterite (Figure 1). TBD005 intercepted three (3) tin lodes, beginning at the top of the hole from 2m DH. Results included: TBD005: 13m @ 0.48% Tin from 2m, including; 1m @ 2.01% Tin from 5m, and; 1m @ 3.18% Tin from 11m. 7m @ 0.18% Tin, 0.37% Tungsten & 11.4g/t Silver from 51m. 26.1m @ 0.10% Tin from 206.9m, including; 1m @ 0.70% Tin & 0.04% Tungsten from 215m, and; 5m @ 0.22% Tin from 228m 3 Figure 2: Tallebung Tin Project – Rock chip samples pictured next to the outcropping quartz veins sampled. TBD006 was then drilled on the southern extent of the maiden MRE near hole TBRC042 (11m @ 0.81& Tin from 27m). TBD006 intercepted very coarse cassiterite demonstrating the consistent nature of the tin mineralisation at Tallebung as being hosted in coarse cassiterite, results included: TBD006: 2.4m @ 2.88% Tin & 0.07% Tungsten from 28.8m, including; 1m @ 7.73% Tin & 0.17% Tungsten from 29.65m TBD007 targeted down dip and along strike extensions to the strong tin mineralisation intercepted in the vicinity of TBRC034 (43m @ 020% Tin from 5m). Multiple high-grade lodes were intercepted, results included: TBD007: 4.1m @ 0.50% Tin & 0.06% Tungsten from 33m, and; 2.5m @ 1.35% Tin & 0.04% Tungsten from 82.5m TBD008 was then drilled to test extensions to tin mineralisation in the north of the central area of the Tallebung Tin Mining Field (Figure 1 and 2). These holes were also logged for detailed geotechnical studies to aid in future mine planning and mine open pit designs for any future mining excavation. These diamond drillholes are being drilled with wide diameter PQ drill core to over 150m downhole to provide material for bulk samples for further representative metallurgical testing. These holes have now also been sampled for metallurgical testwork which will aim to improve on the current simple processing methods available for the Tallebung mineralisation due to the coarse nature of the cassiterite4 hosted tin. The samples have already been delivered to TOMRA Ore Sorting to confirm, and possibly improve, the excellent results achieved to date showing a low-cost processing pathway for the Tallebung tin mineralisation. UPDATED MINERAL RESOURCE ESTIMATE All assays for the RC drilling component of the resource expansion program and the diamond drilling assays received to date have now sent to SKY’s resource geology consultants at H&SC. These new results will be included in a new Mineral Resource Estimate (MRE). This will aim to increase SKY’s maiden MRE of 10.2Mt @ 0.18% Tin for 18.4kt at a 0.10% Tin cut-off grade and convert the estimated Exploration Target of 16 – 21Mt at a grade ranging between 0.16 - 0.20 % tin at 0.1% Tin cut-off, into additional resources (SKY ASX Announcement 22 March 2023). Following the new estimate of the mineral resources at Tallebung, if required, SKY plans to undertake an additional drilling program to increase confidence in the resources, in particularly resources around high-grade areas such as those identified surrounding hole TBD003 (60.55m @ 0.36% Tin from 23m), increasing the resource confidence in these areas to indicated resources. The surrounding resource is planned to be drilled to inferred resources and this aims to achieve a ‘critical mass’ for mine scoping studies to be undertaken and released. Table 1: Tallebung Project – Drillhole Collar Details. Hole ID Easting (MGA) Northing (MGA) RL (m) DIP Azimuth (MGA) Total Depth (m) Comments TBD005 460751 6376650 284 -65 260 251.5 Completed TBD006 460863 6376298 294 -65 245 229.7 Completed TBD007 460763 6376474 294 -65 250 178.4 Completed TBD008 460553 6376856 296 -65 250 288.2 Completed TBRC072 460453 6376383 287 -90 0 150 Groundwater monitoring bore; Completed TBRC073 461099 6376643 290 -90 0 150 Groundwater monitoring bore; Completed Table 2: Tallebung Project – Significant Intercepts. Hole ID From To Interval Sn W Ag Cu Zn (m) (m) (m) % % g/t % % TBD005 2 15 13 0.48 - - - - including 5 6 1 2.01 0.06 - - - 11 12 1 3.18 - - - - 51 58 7 0.18 0.37 11.4 - - 74.5 75.6 1.1 0.12 - - - - 81 84 3 0.14 - 129 - - 92 93 1 0.18 - 145 - - 98 99 1 0.18 0.09 - - - 158 159 1 0.22 - - - - 177 178 1 0.13 - - - - 188 189 1 - 0.31 - - - 189 190 1 0.13 0.04 - - - 206.9 233 26.1 0.1 - - - - including 206.9 216 9.1 0.15 - - - - including 206.9 207.5 0.6 0.87 - - - 2.42 5 Comment Hole ID From To Interval Sn W Ag Cu Zn (m) (m) (m) % % g/t % % 28.8 31.2 2.4 2.88 0.07 - - - 140 140.6 0.6 0.21 0.61 50.2 0.1 2.28 143.65 144.6 0.95 0.15 0.22 - 0.06 1.53 146.5 147 0.5 0.06 - 19.1 0.06 5.02 TBD007 33 37.1 4.1 0.5 0.06 - - - including 34.9 35.9 1 1.04 0.15 - - - 82.5 85 2.5 1.35 0.04 - - - 83.5 84.5 0.8 4.11 0.06 - - - 108.2 113.8 5.6 0.15 - 15.8 0.05 0.35 113.1 113.8 0.7 0.56 0.16 108 0.28 2.06 121.3 122.3 1 0.41 - 23.1 - - 134.6 138 3.4 0.18 0.09 - - - 134.6 135.2 0.6 0.88 0.45 - - 0.84 147.2 151.9 4.7 0.3 - - - - including 151.4 151.9 0.5 1.39 0.16 - - - TBRC072 14 32 18 0.12 - - - - including 24 25 1 1.27 0.03 - - - TBRC073 121 125 4 - - - - 0.39 TBD006 including including including Comment High-grade Zinc lode Significant Extension to Tin Lodes Zinc lode Table 3: Tallebung Project – Rock Chip Samples. Sample Number Easting Northing RL Grid mE mN AHD OD20231020-1 460455 6377173 292 MGA94_55 OD20231020-2 460448 6377165 293 MGA94_55 OD20231020-3 460456 6377172 291 MGA94_55 Comment Quartz veins outcropping with coarse cassiterite along margins of veining in base of central lead, west of the beginning of the trees before the main lead intersection with the central lead open pit. Quartz veins outcropping with visible cassiterite and scheelite near mullock heap in base of central lead. Quartz veins outcropping with coarse cassiterite in base of central lead, west of the beginning of the trees before the main lead intersection with the central lead. 6 This report has been approved for release by the Board of Directors. ABOUT SKY (ASX: SKY) SKY is an ASX listed public company focused on the exploration and development of high value mineral resources in Australia. SKY’s project portfolio offers exposure to the tin, gold, and copper markets in the world class mining jurisdiction of NSW. TIN PROJECTS TALLEBUNG PROJECT (EL6699, 100% SKY) The Tallebung Project is located ~70km north-west of Condobolin in central NSW. The project encompasses the historic Tallebung Tin Mining Field at the northern extent of the Wagga Tin Belt within the central Lachlan Orogen where SKY has now defined a maiden MRE of 10.2Mt @ 0.18% Tin*. SKY plans to advance the Tallebung by increasing the resource to the 16-21Mt* Exploration Target and progress development for future mining (*SKY ASX Announcement 22 March 2023). DORADILLA PROJECT (EL6258, 100% SKY) The Doradilla Project is located ~ 30km south of Bourke in north-western NSW and is a large and strategic REE and tin project with excellent potential for associated polymetallic mineralisation (tungsten, copper, bismuth, indium, nickel, cobalt). NARRIAH PROJECT (EL9524, 100% SKY) The Narriah Project is located ~70km west of West Wyalong in western NSW and represents a large tin project with multiple historic workings prospective for tin, tungsten and lithium mineralisation with limited drill testing completed to date. NEW ENGLAND PROJECT (EL9200, 100% SKY) The exploration licence in the New England Orogen covers areas of significant historical tin production. COPPER GOLD PROJECTS IRON DUKE (EL6064, EL9191 100% SKY) The Iron Duke project is located ~10km southeast of Tottenham in central NSW and covers at least 4 significant historic copper-gold mines. High grade copper-gold mineralisation intersected by previous explorers (e.g. 13m @ 1.56% Cu & 4.48g/t Au). GALWADGERE (EL6320, 100% SKY) The Galwadgere project is located ~15km southeast of Wellington in central NSW. An open MRE of 3.6Mt @ 0.78% Cu and 0.28g/t Au defined at Galwadgere with numerous targets with limited drilling testing adjacent to the MRE. GOLD PROJECTS CULLARIN / KANGIARA projects (EL7954; EL8400 & EL8573, DVP JV) The Cullarin Project contains equivalent host stratigraphy to the McPhillamys deposit with a similar geochemical, geophysical & alteration signature. ‘McPhillamys-style’ gold results from previous drilling at the Cullarin Project. SKY’s maiden drill program was successful, including HUD002 which returned 93m @ 4.2 g/t Au from 56m. CALEDONIAN / TIRRANA PROJECTS (EL8920, EL9048, EL9120 100% SKY) Highlight, ‘McPhillamys-style’ gold results from previous exploration include 36m @ 1.2 g/t Au from 0m to EOH in drillhole LM2 and 81m @ 0.87g/t Au in a costean on EL8920 at the Caledonian Project. Figure 3: SKY Tenement Location Map 7 Competent Persons Statement The information in this report that relates to Exploration Results is based on information compiled by Mr. Oliver Davies, who is a Member of the Australasian Institute of Geoscientists. Mr. Oliver Davies is an employee of Sky Metals Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Mr. Davies consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. Previously Reported Information The information in this report that references previously reported exploration results is extracted from the Company’s ASX market announcements released on the date noted in the body of the text where that reference appears. The previous market announcements are available to view on the Company's website or on the ASX website (www. asx.com.au). The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements. Disclaimer This report contains certain forward-looking statements and forecasts, including possible or assumed reserves and resources, production levels and rates, costs, prices, future performance or potential growth of Sky Metals Ltd, industry growth or other trend projections. Such statements are not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors which are beyond the control of Sky Metals Ltd. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors. Nothing in this report should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. This document has been prepared in accordance with the requirements of Australian securities laws, which may differ from the requirements of United States and other country securities laws. Unless otherwise indicated, all ore reserve and mineral resource estimates included or incorporated by reference in this document have been, and will be, prepared in accordance with the JORC classification system of the Australasian Institute of Mining, and Metallurgy and Australian Institute of Geoscientists. 8 JORC CODE, 2012 - TABLE 1 Section 1 Sampling Techniques and Data – TALLEBUNG PROJECT (Criteria in this section apply to all succeeding sections) Criteria Sampling techniques Explanation  Commentary Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry Drill core sampling is by sawn quarter core PQ & half core HQ core. Nominal sample intervals are 1m with standard measurement tools appropriate to the minerals under investigation, such as downhole a range from 0.3m to 2.0m. gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as Rock chips and grab samples taken with a geological hammer and collected into labelled calico bags. limiting the broad meaning of sampling. All samples were submitted to SGS or ALS Orange for preparation and assaying.  Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. For diamond drilling standards are insert every 30-50 samples. All sample lab received weights show consistency with core recovery and interval length. For rock chip samples, lab standards and blanks were relied upon.  Aspects of the determination of mineralisation that are Material to the Public Report. In cases Each sample was dried, crushed and pulverised as per standard industry practice. where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a Diamond drilling - core samples were taken at nominally 1m, but with a range between 0.3-2m. PQ core 30 g charge for fire assay’). In other cases, more explanation may be required, such as where samples are cut in quarters with ¾ retained for reference and metallurgical test work and ¼ submitted there is coarse gold that has inherent sampling problems. Unusual commodities or for assay - dried, crushed and pulverised to 90% passing 75 microns. mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. SGS - The primary metal of interest, tin (Sn) and also tungsten (W) were determined by lithium borate fusion XRF (method GE_IMS92A50 and GE_ICP92A50) – considered appropriate for these elements. Multielement assaying was completed for 48 elements by 0.25g four-acid digest with ICPMS determination (method GE_IMS40Q20 and GE_ICP40Q20). ALS Orange - Forty-eight elements including Ag, As, Cu, Fe, In, Pb, S, Zn are digested by four-acid digest then analysed by ICPMS (method ME-MS61). Sn and W assays were generated by lithium borate fusion XRF (method ME-MS85) – considered appropriate for these elements and by XRF fusion for +1% ore grade assays. Drilling techniques  Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, Diamond Drilling completed by drilling PQ. PQ was drilled to approx. 150m to produce the largest sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face- sample then cased down to HQ. sampling bit or other type, whether core is oriented and if so, by what method, etc) PQ and HQ core was orientated. Drill sample recovery    Sample weights are recorded for each sample. Recoveries were generally excellent and consistent, Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. however, if samples were wet the recoveries were less consistent. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material 9 Criteria Explanation Commentary There is no known relationship between sample recovery and grade. Where samples recoveries are less than 95% there is no relationship observed between grade and sample recovery. Relationships between sample recovery and grade are not considered significant where recoveries exceeded 95% in fresh rock. Logging    Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography The total length and percentage of the relevant intersections logged Systematic geological and geotechnical logging was undertaken when the holes were originally drilled. Data collected includes:  Nature and extent of lithologies.  Relationship between lithologies.  Amount and mode of occurrence of ore minerals.  Location, extent, and nature of structures such as bedding, cleavage, veins, faults etc. Structural data (alpha & beta) are recorded for orientated core. Geotechnical data such as recovery, RQD, fracture frequency, qualitative IRS, microfractures, veinlets and number of defect sets. For some geotechnical holes the orientation, nature of defects and defect fill are recorded. Both qualitative and quantitative data is collected. Half core (HQ) & ¾ core (PQ) samples are retained in trays for future reference. Sub-sampling techniques and sample preparation       Quality of assay data and laboratory tests    If core, whether cut or sawn and whether quarter, half or all core taken If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry For all sample types, the nature, quality and appropriateness of the sample preparation technique Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled Samples were dried crushed and pulverised to 90% passing 75 microns. This is considered to appropriately homogenise the sample to allow subsampling for the various assay techniques. SKY: Certified Reference Material (CRM) and blanks were inserted at least every 30 samples to assess the accuracy and reproducibility of the drill core results. The results of the standards were to be within ±10% variance from known certified result. If greater than 10% variance the standard and up to 10 samples each side were re-assayed. SGS conducted internal check samples every 20 for multielement assay. Sample sizes are industry standard and considered appropriate The nature, quality and appropriateness of the assaying and laboratory procedures used and Standard assay procedures performed by a reputable assay lab, (SGS), were undertaken. Forty-eight whether the technique is considered partial or total elements Ag, As, Cu, Fe, Pb, S, Zn are digested by four-acid digest then analysed by ICPMS (method For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in GE_IMS40Q20 and GE_ICP40Q20). Sn and W assays were generated by lithium borate fusion XRF determining the analysis including instrument make and model, reading times, calibrations (method GE_IMS92A50 and GE_ICP92A50) – considered appropriate for these elements. factors applied and their derivation, etc Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external ALS Orange - Forty-eight elements including Ag, As, Cu, Fe, In, Pb, S, Zn are digested by four-acid digest laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have then analysed by ICPMS (method ME-MS61). Sn and W assays were generated by lithium borate fusion been established XRF (method ME-MS85) – considered appropriate for these elements and by XRF fusion for +1% ore grade assays. No geophysical tools were used in the determination of assay results. Certified reference material or blanks were inserted at least every 50 samples. Standards are purchased from Certified Reference Material manufacture companies: Standards were purchased in foil lined packets of between 60g and 100g. Different reference materials were used to cover high grade, medium grade, low grade, and trace ranges of elements, with a primary focus on Sn and W. 10 Criteria Explanation Verification of sampling  and assaying    Commentary Drill data is compiled and collated and reviewed by senior staff. External consultants do not routinely The verification of significant intersections by either independent or alternative company verify exploration data until resource estimation procedures are deemed necessary. The intersection personnel. calculations were viewed by >1 geological personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical Twinned holes have been used by past explorers to validate the results achieved and have confirmed and electronic) protocols. these historic results. Discuss any adjustment to assay data Drill Hole Data including: meta data, any gear left in the drill hole, lithological, mineral, survey, sampling, magnetic susceptibility was collected and stored as physical and electronic copies or entered directly into an excel spread sheet using drop down codes. When complete the spreadsheet was combined into a master excel spreadsheet as the drill hole database. Assay data was provided by SGS via .csv spreadsheets. The data was validated using the results received from the known certified reference material. Hard copies of the assay certificates were stored with drill hole data such as drillers plods, invoices, and hole planning documents. Assay data is not adjusted. Location of data points    Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used Quality and adequacy of topographic control Historic drill hole collars were located using either a licenced surveyor or on a local imperial or metric grid. Conversion of the local grid co-ordinates has been undertaken by previous exploration companies. SKY has used DGPS surveying of drillholes (± 0.1m) to accurately locate them. All coordinates are based on Map Grid Australia Zone 55E, Geodetic Datum of Australia 1994. Historic drill hole collars were located using either a licenced surveyor or on a local imperial or metric grid. SKY has used DGPS surveying of drillholes (± 0.1m) to accurately locate them, or handheld GPS (+/3m). Where handheld GPS has been used SKY will DGPS them at a later date. Data spacing and distribution    Orientation of data in relation to geological structure   Data spacing for reporting of Exploration Results At this early exploration stage, the data spacing is variable as the focus is on geological mapping and Data spacing for reporting of Exploration Results Whether the data spacing, and distribution is identifying new zones of mineralisation. sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied The maiden MRE was estimated to inferred only and increases in resource confidence will require tighter Whether sample compositing has been applied spaced drilling in future programs. Sample compositing is not applied. Whether the orientation of sampling achieves unbiased sampling of possible structures and the Drilling was orientated to cross the mineralisation trend at moderate to high angles. The use of extent to which this is known, considering the deposit type orientated core allows estimates of the true width and orientation of the mineralisation to be made. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced sampling bias, this should be assessed and reported No sample bias due to drilling orientation is known. The structural controls on mineralisation is if material considered well understood and consistent. 11 Criteria Explanation Commentary Sample security  The measures taken to ensure sample security Sample chain of custody has been managed by the employees of Sky Metals who commissioned the drilling and transport samples from the drilling rig to assay laboratory. All samples are bagged in tied numbered calico bags, grouped into larger tied polyweave bags, or placed in a stillage box and transported to SGS in Orange by SKY personnel. All sample submissions are documented via SGS tracking system and all assays are reported via email. Sample pulps are returned to site and stored for an appropriate length of time (minimum 3 years). The Company has in place protocols to ensure data security. Audits or reviews  The results of any audits or reviews of sampling techniques and data The Company does not routinely have external consultants verify exploration data until resource estimation procedures are deemed necessary. Further details for the maiden MRE can be found in SKY ASX Announcement 22 Match 2023. Section 2 Reporting of Exploration Results – TALLEBUNG PROJECT (Criteria listed in the preceding section also apply to this section) Criteria Explanation Mineral tenement and land tenure status Exploration done by other parties Commentary  Type, reference name/number, location and ownership including agreements or