Announcement PDF ASX: SKY ASX ANNOUNCEMENT 23 June 2026 SKY METALS LIMITED +61 2 6360 1587 2 HAWTHORN PLACE, ORANGE NSW 2800 WWW.SKYMETALS.COM.AU ABN 46 098 952 035 Watch a video summary of this announcement & engage with SKY here SHALLOW, HIGH‑GRADE EXTENSIONS CONTINUE TO EXPAND TALLEBUNG AHEAD OF IMMINENT RESOURCE UPDATE AND PRE-FEASIBILITY STUDY • New shallow, wide, high‑grade tin‑tungsten‑silver intercepts returned from extensional and in-fill drilling, continuing to expand and enhance the Tallebung deposit. New results include: TBRC427: 9m @ 0.54% tin, 0.11% tungsten & 205g/t silver from 67m, including: - 1m @ 2.45% tin & 0.88% tungsten from 75m TBRC428: 34m @ 0.27% tin, 0.03% tungsten & 57.7g/t silver from 39m, including: - 10m @ 0.46% tin, 0.07% tungsten & 166g/t silver from 59m TBRC436: 14m @ 0.58% tin & 0.04% tungsten from 1m, including: - 2m @ 0.94% tin & 0.04% tungsten from 1m TBRC438: 16m @ 0.27% tin, 0.03% tungsten & 15.4g/t silver from 30m, including: - 1m @ 2.22% tin, 0.14% tungsten & 51.6g/t silver from 42m TBRC439: 10m @ 0.44% tin & 0.02% tungsten from 14m, including: - 1m @ 1.69% tin & 0.04% tungsten from 17m • Updated Mineral Resource Estimate (MRE) expected for released in the coming fortnight. • Pre-Feasibility Study (PFS) to follow shortly after the MRE, marking a key development milestone. • Further drilling results pending, expected to support continued resource growth and expansion. SKY Managing Director & CEO Oliver Davies commented: “With the updated MRE due shortly and the Pre- Feasibility Study to follow, we are entering a highly significant period with the outcomes of multiple workstreams all set to be released in the coming weeks. The growing dataset continues to support our view of Tallebung as a scalable, near‑term development opportunity, with strong potential to deliver further resource growth and optimised development outcomes. “These latest results continue to demonstrate the strength and growth potential of the Tallebung system, with broad, shallow mineralisation being extended across the deposit. The consistency of these intercepts reinforces our confidence in the potential of Tallebung, which will be highlighted in the impending MRE update and PFS.” 2 Figure 1: Plan showing the location of the new drilling results. Drill-hole collars, previously reported highlight drill intercepts and the limits of the existing Tallebung MRE are shown over surface geology. Sky Metals Limited (ASX: SKY) (“Sky Metals” or the “Company”) is pleased to report further strong drilling results from its 100%-owned Tallebung Tin-Silver-Tungsten Project in NSW, with extensional and in-fill drilling continuing to deliver broad, shallow, high‑grade tin‑tungsten‑silver mineralisation. TALLEBUNG PROJECT (EL 6699, SKY 100%) NEW SHALLOW HIGH‑GRADE ZONES EXPAND DEPOSIT The latest results further highlight the scale, continuity and open‑ended nature of the Tallebung system, with mineralisation extending across multiple zones and remaining open both along strike and at depth. 3 Importantly, several intercepts have been recorded from near‑surface positions, reinforcing the potential for efficient open‑pit development and early access to mineralisation in these new zones. The intercepts reported in holes TBRC436-TBRC439 are particularly significant, identifying a new zone of shallow tin‑tungsten‑silver mineralisation at Tallebung that is not included in the current MRE. These results extend mineralisation along the north‑eastern margin of the existing deposit, effectively expanding the known footprint and adding a new zone to the system. The continued identification of these new zones of mineralisation on the margins of the current MRE highlights the substantial untested potential still remaining at Tallebung and reinforces the growing scale of the deposit. Importantly, Sky Metals is continuing to discover new mineralisation in parallel with an advanced and rapidly progressing development strategy, positioning the Company to deliver further strong resource growth while simultaneously advancing the Project toward development. With further drilling results pending, Sky Metals continues to delineate a large, coherent and evolving mineralised system at Tallebung, positioning the Project as a compelling near‑term development opportunity with strong upside potential. Figure 3: Cross‑section showing new drilling results from TBRC428 alongside previously reported drill‑hole intercepts. The mineralisation is hosted in shallow dipping stacked vein packages. UPDATED MRE AND PFS ON TRACK An updated Mineral Resource Estimate (MRE) and Pre-Feasibility Study (PFS) are on track for release in the coming weeks. 4 The updated MRE will incorporate the expanded drilling database, which now comprises more than 500 holes, representing a substantial increase in data compared to the current resource. This expanded dataset is expected to deliver improved resource confidence and support detailed mine planning as part of the impending PFS. This announcement is authorised for release by the Board of Sky Metals Limited. Investors: Oliver Davies – Managing Director & CEO +61 (0) 430 359 547 Media: Nicholas Read – Read Corporate +61 (0) 419 929 046 JOIN SKY METALS’ INTERACTIVE INVESTOR HUB Visit skymetals.com.au to interact with Sky Metals’ announcements and updates To watch a video summary of this announcement & engage with SKY click here About the Tallebung Tin Project (100% SKY) Tallebung stands as an open-pit, technology enabled, near-term tin development project. Tallebung is uniquely placed to provide secure tin supply, to feed irreplaceable and rapidly expanding tin demand, essential in semi- conductors, electronics and solar PV technologies. The Tallebung Tin Project is located at the site of large-scale historical tin mining in central Western NSW where tin was first discovered in the 1890s. SKY is progressively defining a large-scale hardrock tin resource with recent higher-grade tin zones discovered on the margins of the known deposit and exceptional metallurgical performance demonstrated across the entire known deposit. The shallow, open-pit tin veins combined with the ideal nature of the tin, hosted as large, discrete grains of simple tin-oxide (cassiterite minerals), all ideally lends itself to low-cost tin production advantages, including exceptional X-ray based ore sorting performance, demonstrated to upgrade the tin up to 44x, prior to low-cost gravity separation to produce a saleable tin concentrate. 5 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 and director 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. 6 Table 1: Drillhole coordinates (MGA94 Zone 55). Hole ID Easting (MGA) Northing (MGA) RL (m) DIP Azimuth (MGA) Total Depth (m) Comments TBRC422 460987 6375727 298 -59 256 116 Completed TBRC423 460955 6375728 300 -60 251 120 Completed TBRC424 460945 6375758 303 -60 248 120 Completed TBRC425 461138 6375782 290 -60 253 120 Completed TBRC426 461085 6375813 295 -60 250 120 Completed TBRC427 461139 6375834 291 -60 246 120 Completed TBRC428 461112 6375886 295 -60 247 120 Completed TBRC429 461063 6375881 298 -60 247 120 Completed TBRC430 460650 6376544 287 -60 264 90 Completed TBRC431 460662 6376546 287 -59 264 90 Completed TBRC432 460674 6376547 287 -60 262 96 Completed TBRC433 460692 6376536 288 -60 264 108 Completed TBRC434 460439 6377052 284 -59 261 120 Completed TBRC435 460426 6377091 281 -59 261 120 Completed TBRC436 460487 6377115 278 -59 259 120 Completed TBRC437 460538 6377121 276 -59 261 132 Completed TBRC438 460505 6377148 276 -59 257 132 Completed TBRC439 460468 6377184 265 -59 259 120 Completed TBRC440 461006 6375928 301 -59 251 120 Completed TBRC441 461045 6375937 301 -59 248 120 Completed TBRC442 461129 6375992 294 -60 250 120 Completed TBRC443 461115 6375934 295 -60 249 120 Completed TBRC444 461242 6376150 303 -60 250 126 Completed TBRC445 461211 6376023 297 -61 249 120 Completed TBRC446 461254 6376078 300 -59 253 120 Completed TBRC447 460850 6376655 281 -60 253 123 Completed TBRC448 460402 6377228 279 -60 241 120 Completed - Assays Pending TBRC449 460363 6377217 283 -59 260 120 Completed - Assays Pending TBRC450 460498 6377196 264 -59 258 120 Completed - Assays Pending TBRC451 460538 6377198 264 -59 257 132 Completed - Assays Pending TBRC452 460550 6377223 263 -60 259 126 Completed - Assays Pending TBRC453 460498 6377223 264 -60 261 114 Completed - Assays Pending TBRC454 460541 6377239 263 -57 266 120 Completed - Assays Pending TBRC455 460377 6377371 285 -57 267 111 Completed - Assays Pending TBRC456 460345 6377370 286 -59 257 126 Completed - Assays Pending TBRC457 460371 6377331 285 -59 263 120 Completed - Assays Pending TBRC458 460380 6377280 286 -59 258 120 Completed - Assays Pending TBRC459 460444 6377280 282 -58 253 126 Completed - Assays Pending TBRC460 460429 6377272 282 -59 249 120 Completed - Assays Pending TBRC461 460396 6377329 284 -59 264 120 Completed - Assays Pending TBRC462 460484 6377267 276 -59 246 120 Completed - Assays Pending TBRC463 460441 6377254 279 -60 243 126 Completed - Assays Pending TBRC464 461280 6376041 297 -59 250 120 Completed - Assays Pending TBRC465 461291 6376082 299 -58 254 120 Completed - Assays Pending TBRC466 460592 6376594 283 -59 251 126 Completed - Assays Pending TBRC467 460554 6376600 284 -58 251 120 Completed - Assays Pending TBRC468 460560 6376783 287 -59 252 120 Completed - Assays Pending TBRC469 460329 6377235 285 -60 258 120 Completed - Assays Pending TBRC470 460365 6377410 286 -59 260 120 Completed - Assays Pending TBRC471 460443 6377030 285 -59 254 120 Completed - Assays Pending TBRC472 460531 6377079 284 -59 250 120 Completed - Assays Pending TBRC473 460794 6376747 279 -59 250 120 Completed - Assays Pending 7 Table 3: Tallebung Project – Significant Drill-hole Intercepts. Hole ID From To Interval Sn W Ag Cu Zn Comment (m) (m) (m) % % g/t % % TBRC422 26 30 4 0.12 0.02 - - - 38 39 1 0.1 - - - - 66 67 1 0.16 - - - - TBRC424 49 50 1 0.22 - - - - 68 69 1 0.16 - - - - TBRC425 87 88 1 1.89 0.02 168 - - TBRC427 67 76 9 0.54 0.11 205 - - including 75 76 1 2.45 0.88 - - - TBRC428 39 73 34 0.27 0.03 57.7 - - including 59 69 10 0.46 0.07 166 - - TBRC434 29 30 1 1.55 0.04 - - - 34 35 1 - 0.1 12.8 - - Tungsten vein 44 46 2 0.15 0.04 14.4 - - 115 118 3 0.1 0.04 - - - TBRC435 35 37 2 0.17 0.02 - - - 52 57 5 0.24 - - - - TBRC434 29 30 1 1.55 0.04 - - - 45 46 1 0.21 0.02 20.2 - - 115 118 3 0.1 0.04 - - - TBRC435 35 37 2 0.17 0.02 - - - 52 57 5 0.24 - - - - including 53 54 1 0.83 0.02 - - - TBRC436 1 15 14 0.58 0.04 - - - including 1 3 2 0.94 0.04 - - - and 5 6 1 2.12 0.05 - - - and 10 11 1 1.42 0.15 27.3 - - 21 28 7 0.22 0.03 18.6 - - 95 96 1 0.29 - - - - 107 109 2 0.28 - - - 0.44 TBRC437 37 40 3 - 0.09 - - - Tungsten vein 49 50 1 0.3 0.02 12.5 - - 118 119 1 0.28 - - - - TBRC438 6 8 2 0.31 0.02 - - - 30 46 16 0.27 0.03 15.4 - - including 42 43 1 2.22 0.14 51.6 - - 51 52 1 0.26 - 15.9 - - 74 76 2 0.23 - 34 - - TBRC439 7 8 1 0.11 0.03 - - - 14 24 10 0.44 0.02 - - - including 17 18 1 1.69 0.04 - - - 99 100 1 0.24 - 10.9 - - TBRC440 9 10 1 0.23 0.03 - - - 23 29 6 0.12 - 84.6 - - 8 Hole ID From To Interval Sn W Ag Cu Zn Comment (m) (m) (m) % % g/t % % including 23 24 1 0.46 0.04 - - - and 28 29 1 0.2 - 210 - - TBRC441 63 65 2 0.71 0.04 62.5 - - 118 119 1 0.36 - - - - TBRC442 34 35 1 0.18 - 13.4 - - 89 95 6 0.32 - 11.4 - - including 91 92 1 1.38 - - - - TBRC447 47 48 1 0.11 0.03 - - - 62 66 4 0.74 0.04 - - - 112 116 4 0.17 0.05 - - - . 9 JORC CODE, 2012 - TABLE 1 Section 1 Sampling Techniques and Data – TALLEBUNG PROJECT (Criteria in this section apply to all succeeding sections) Criteria Explanation Commentary Sampling techniques • Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as downhole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. RC Drilling – the total sample (~20-30kg) is delivered via cyclone into a large plastic bag which is retained for future use if required. 1m intervals are split using a cone splitter on the rig into a separate calico at the time of drilling. All samples were submitted to 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. Assay standards or blanks are inserted at least every 50 samples. All sample lab received weights show consistency with recovery and interval length. • Aspects of the determination of mineralisation that are Material to the Public Report. In cases 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 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual Commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. Each sample was dried, crushed and pulverised as per standard industry practice. RC Drilling – the total sample (~20-30kg) is delivered via cyclone into a large plastic bag which is retained for future use if required. 1m intervals are split using a cone splitter on the rig into a separate calico at the time of drilling. Where mineralisation has not been logged, 4m Composites have been made by using a spear to Combine equal amounts of samples from each 1m calico. The primary metal of interest, tin (Sn) and also tungsten (W) were determined by lithium borate fusion XRF (method ALS – ME-MS85) – considered appropriate for these elements. Multielement assaying was completed for 48 elements by 0.25g four-acid digest with ICPMS determination (method ALS – ME- MS61) or for infill holes, assay of Ag, As, Cu, Pb, Zn with ICP determination (method ALS – ME-ICP61) Pulps were also pulverised to ensure the sample is homogenised. Multielement assaying was completed for 48 elements by 0.25g four-acid digest with ICPMS determination (method ME-ICP61). Sn & W were analysed at ALS via ME-MS85 by lithium meta-borate fusion and ICP-MS. Overlimit samples are analysed via ME-XRF30 fusion. Drilling techniques • Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc) Reverse circulation (RC) drilling using 110mm rods, 144mm face sampling hammer. Drill sample recovery • 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. • 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 RC drilling - high capacity RC rig was used to enable dry samples collected. Drill cyclone is cleaned between rod changes and after each hole to minimise cross-hole contamination. Sample weights are recorded for each sample. Recoveries were generally excellent and consistent, however, if samples were wet the recoveries were less consistent. 10 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. RC chips, half core (HQ) & ¾ core (PQ) samples are retained in trays for future reference. A representative sample of each one metre RC interval is retained in chip trays for future reference. Both qualitative and quantitative data is collected. All rock chips were digitally photographed. Sub-sampling techniques and sample preparation • 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 RC drilling - the total sample (~20-30kg) is delivered via cyclone into a large plastic bag which is retained for future use if required. 1m intervals are split using a cone splitter on the rig into a separate calico at the time of drilling. 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 50 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. RC drilling - duplicate samples are collected of re-split intervals. Duplicates generally show excellent repeatability. Sample sizes are industry standard and considered appropriate. No field duplicates are taken for the rock chip samples. The sample was crushed and pulverised to 90% passing 75 microns. This was considered to appropriately homogenise the sample. The available data suggests that sampling procedures provide sufficiently representative subsamples for the current interpretation. 11 Criteria Explanation Commentary Quality of assay data and laboratory tests • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc • Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established Standard assay procedures performed by a reputable assay lab, (ALS), were undertaken. Forty-eight elements Ag, As, Cu, Fe, Pb, S, Zn are digested by four-acid digest then analysed by ICPMS (method ME- MS61) or for infill holes, assay of Ag, As, Cu, Pb, Zn with ICP determination (method ALS – ME-ICP61) Sn and W assays were generated by lithium borate fusion XRF (method ME-MS85) – considered appropriate for these elements. 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, Ag and W. Verification of sampling and assaying • The verification of significant intersections by either independent or alternative Company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data Drill data is Compiled and collated and reviewed by senior staff. External consultants do not routinely verify exploration data until resource estimation procedures are deemed necessary. The intersection calculations were viewed by >1 geological personnel. Twinned holes have been used by past explorers to validate the results achieved and have confirmed these historic results. 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 ALS 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. SKY has used handheld GPS to locate rock chip locations (nominal accuracy ± 5m). 12 Criteria Explanation Commentary Data spacing and distribution • Data spacing for reporting of Exploration Results • Data spacing for reporting of Exploration Results Whether the data spacing, and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied • Whether sample Compositing has been applied At this stage, drilling of the MRE area of the project has been drilled to at least approximately 80m x 80m down to 40m x 40m for inferred and indicated resources respectively. Outside of the MRE are, data spacing is variable as the focus is on geological mapping and identifying new zones of mineralisation. The maiden MRE was estimated to inferred and indicated and increases in resource confidence will require tighter spaced drilling, such as some of the drilling completed in this program. Sample Compositing is not applied. Orientation of data in relation to geological structure • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type • 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 if material Drilling was orientated to cross the mineralisation trend at moderate to high angles, perpendicular to mineralisation. The use of orientated core allows estimates of the true width and orientation of the mineralisation to be made accurately. No sample bias due to drilling orientation is known. The structural controls on mineralisation is considered well understood and consistent. 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 ALS in Orange by SKY personnel. All sample submissions are documented via ALS 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 has external consultants to verify exploration data for the resource estimation process. Further details for the MREs can be found in SKY ASX Announcement 22 Match 2023 and SKY ASX Announcement 23 January 2024. 13 Section 2 Reporting of Exploration Results – TALLEBUNG PROJECT (Criteria listed in the preceding section also apply to this section) Criteria Explanation Commentary Mineral tenement and land tenure status • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The Tallebung Project is described by NSW Exploration Licence 6699 The tenement is 100% owned by Stannum Pty Ltd, a 100% owned subsidiary of Big Sky Metals Pty Ltd and a 100% owned subsidiary of Sky Metals Ltd. The Tallebung tenement is overlain by Native Title Determination Application No NC12/1 (Federal Court No NSD 415/12). A determination of extinguished native title was received over a portion of the Tallebung Tin Field. An agreement between for the remainder of the tenement where Native Title has not been extinguished, an agreement has been reached between Stannum and the Native Title Applicant to allow access to the remainder of the tenement. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area Stannum Pty Ltd have previously Commenced a Right to Negotiate Process (RTN) with the claimant group with respect to Application No NC12/1 (Federal Court No NSD 415/12). These negotiations have resulted in a land access agreement to be sign with Stannum Pty Ltd. A determination of extinguishe