Announcement PDF ASX: SKY ASX ANNOUNCEMENT 15 January 2025 TALLEBUNG TIN PROJECT IN NSW ADVANCING ON MULTIPLE FRONTS TRENCHING, DRILLING AND METALLURGICAL TESTWORK TO DRIVE PROJECT FORWARD Trenching intersects multiple zones of visual tin mineralisation  All six trenches completed late 2024 intercepted visual tin mineralisation1 at surface and across the entire project area. The program comprised six trenches for 201m of trenching.  Trenches have been channel sampled, with results expected in the next fortnight.  Following receipt of these results, 3-4 zones will be selected to extract bulk samples for a total of between 50-80 tonnes of mineralisation to give SKY an outstanding opportunity to:  Optimise the entire metallurgical flowsheet in a pilot-scale plant;  Produce tin concentrate for ongoing marketing and end-user engagement;  Increase confidence in Resource estimation with tin produced from the bulk samples to be reconciled with the grade estimate to validate the MRE model. Excellent metallurgical testwork results show increased tin recovery:  Exceptional results were received last year from TOMRA ore sorting testwork utilising more aggressive and higher rejection sorting, with results including: - 0.10% tin sample upgraded to 4.42% tin (44x upgrade) and 342g/t silver with 83% recovery of tin achieved, representing a 98.1% reduction in the mass after sorting.  Heavy Liquid Separation (HLS) testwork in late 2024 showed that a 1.50% tin product can be concentrated via HLS to recover 75% of the tin in the waste from aggressive ore sorting waste.  Results highlight the exceptional amenability of the Tallebung tin to simple, low-cost preconcentration at high tin recoveries and large mass rejection, prior to downstream processing, leading to further substantial reductions in potential project CapEx and OpEx. Diamond drilling program commences:  Diamond drilling to commence this week with five holes planned for a total of ~1,000m.  This diamond drilling program is designed to provide high-quality data to further improve the Company’s geological understanding of the deposit, vital to upgrade the MRE at Tallebung and provide the basis for ongoing mining and development studies.  Large-scale RC drilling program planned to follow this program to significantly expand the recently identified higher-grade areas and increase the MRE in size, confidence and grade. SKY METALS LIMITED +61 2 6360 1587 2 HAWTHORN PLACE, ORANGE NSW 2800 WWW.SKYMETALS.COM.AU ABN 46 098 952 035 1 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-January 2025. SKY Managing Director & CEO Oliver Davies commented: “The fact that all six trenches excavated in late 2024 intercepted tin mineralisation at surface is a very encouraging result and gets the Company off to an excellent start in 2025. The success of the trenching program demonstrates the shallow nature of the tin mineralisation at Tallebung and also support SKY’s geological and resource modelling process. We are looking forward to receiving assay results from channel sampling completed within the trenches, which should be available later this month. “Additionally, the latest metallurgical test results bolster the already terrific results achieved to-date and will now be further evaluated as a part of the pilot-scale plant testwork in the imminent bulk sampling program. “This is all part of the large work program that SKY is undertaking this year, starting with the diamond drilling program beginning this week and continuing into the bulk sampling and metallurgical testwork program and culminating in a large resource expansion drilling program over the coming months. This exciting work program is building towards mining and development studies to show the potential project economics of the Tallebung Tin Project, expected to be released following the results of this ongoing work program, around the middle of this year.” Sky Metals Ltd (ASX: SKY) (‘SKY’ or the ‘Company’) is pleased to advise that multiple workstreams are gathering momentum to advance its flagship 100%-owned Tallebung Tin Project in central NSW towards development. The Company has successfully completed the trenching sampling program announced before Christmas in preparation for bulk metallurgical testwork and MRE validation, with assays from channel sampling awaited. SKY is also pleased to provide an update on the progress of metallurgical studies and the imminent commencement of a diamond drilling program. TALLEBUNG PROJECT (EL 6699, SKY 100%) TRENCHING AND BULK SAMPLING PROGRAM Six (6) trenches were completed for total of approximately 201m of trenching. The trenching sites were selected to traverse zones across the entire footprint of the currently defined extent of the Tallebung tin mineralisation. All six trenches intercepted quartz veining hosting tin mineralisation (observed in the tin mineral cassiterite). The sites where trenching was completed are shown in Figure 1 and Figure 2 shows an example of the trenching, observed tin mineralisation (detailed in table 3 & 4) and sampling. Trenches were excavated to a depth of between 0.5m to 1m to provide excellent exposures for geological logging, mapping and sampling, while also ensuring the removal of any transport material that may variably obscure the shallow tin mineralisation. Once the trenches were excavated, they were cleaned to further improve the exposure before then being channel sampled in 1m intervals or extended intervals where the geology determined that was more appropriate. The sites were selected where previous drilling at Tallebung intersected mineralisation coming close to the surface, and the trenches were completed in an east-southeast – west-northwest orientation to run perpendicular to the strike of the mineralisation. 2 All trenches have been geologically logged, mapped and channel sampled. All samples have been submitted to the assay lab to obtain trench assays which will continue to increase the geological understanding at Tallebung. Figure 1: Plan showing the current boundary of the Tallebung MRE with proposed costean/trenching sites indicated in red. Following receipt of the assay results, the Company will incorporate these into the geological model to increase both the size and confidence in the MRE and 3-4 zones will be selected for bulk sampling. To mimic mining, the bulk samples will be taken from below these trenches, in a deeper cut underneath and also perpendicular to the strike of the mineralisation to give representative bulk samples of the Tallebung tin mineralisation for metallurgical testwork. Following sampling, the bulk samples will be crushed and sorted via XRT ore sorting at the full-scale ore sorter at the TOMRA Ore Sorting Test Facility in Sydney. The sorted samples will then be sent to ALS Burnie in Tasmania for grinding and processing in a pilot-scale gravity plant to produce a tin concentrate. The tin concentrate from this program will provide sample concentrate to use for marketing purposes and customer engagement for the tin concentrate to be produced at Tallebung. Given the favourable nature of the tin mineralisation at Tallebung, it is anticipated that the tin concentrate will be very desirable for downstream markets. 3 Assay results for the trenching channel sampling are anticipate in the next fortnight. Figure 2: LHS: photo looking down and south-southwest across trench T4, which was completed above drill-hole TBRC034. The trench is approximately 0.5m deep and 1-1.5m wide. The margins of the trench are demarcated, along with the channel made for the channel sample and a quartz-cassiterite (tin) vein cross-cutting the trench. RHS insert shows a closer image of the quartz-cassiterite (tin) vein with the visible cassiterite (tin) being the black/grey zones within the vein (further details are provided in table 3 & 4). 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-January 2025. METALLUGICAL TESTWORK – DMS TRIAL Last year, ore sorting testwork completed by TOMRA Ore Sorting solutions demonstrate an exceptional result using an aggressive ore sorting method where a substantial increase in tin grade with reasonable recovery of tin was achieved in less than 2% of the original mass. This showed that most of the tin could be recovered while rejecting 98% of the sorted mass (Table 1). While this result shows the potential for greater tin pre-concentration upgrade and mass reduction from TOMRA ore sorting, the payoff between upgrade and tin recovery requires further optimisation. 4 Table 1: Results for the TOMRA ore sorting testwork. Silver (Ag) shows a strong upgrade and reasonable recovery with the tin (Sn) in the sorted products, however tungsten (W) appears to be largely upgraded in the ‘Fines’ fraction. NB: The ‘High Recovery’ product includes the ‘High Upgrade’ sorted sample. Sn Grade % Sample Head Sample before sorting 8-32mm High Upgrade Sort 8-32mm High Recovery Sort 8-32mm 1st Sorting Waste <8mm Fines (unsorted) Sn Sn Recovery Upgrade % x Ag Grade g/t Ag Ag Recovery Upgrade g/t x W Grade % W Recovery % 0.10 100 - 10.7 100 - 0.45 100 4.42 82.9 43.9 342 55.3 29.3 0.01 0.0 0.65 91.5 6.4 57.2 76.0 6.4 0.01 0.2 0.01 8.5 0.1 3.0 8.5 0.1 0.07 11.0 0.14 - - 8.0 - - 2.04 88.7 To investigate better tin recovery processes with the aggressive ore sorting, a successful Heavy Liquid Separation (HLS) was completed, which mimics Dense Medium Separation (DMS). This was aimed at providing a solution to recover the tin lost in the aggressive ore sorting process while still substantially reducing the mass for further processing. Results are detailed in Table 2 for this testwork and show 75% of the tin lost in the aggressive ore sorting process can be recovered in 5.7% of the original waste mass in a 1.50% Sn pre-concentrate, rejecting over 94% of the waste mass. Table 2: Results for Heavy Liquid trial to mimic DMS to recover tin from the TOMRA ore sorting testwork. Silver (Ag) again shows a strong upgrade and recovery with the tin (Sn) with poor recovery of tungsten (W). % Sn Grade % Sn Recovery % Sn Upgrade x 8-32mm Sorting Waste 100 0.11 100 DMS Product 5.7 1.50 DMS Waste 94.3 0.03 Sample Mass g/t Ag Recovery g/t Ag Upgrade x W Grade % W Recovery % - 19 100 - 0.12 100 74.5 13.6 167 50.0 8.8 0.33 15.3 25.5 0.3 9.3 50.0 0.5 0.11 84.7 Ag Grade This result represents an excellent solution to recovering the tin lost during the aggressive ore sorting process while still maintaining a large +90% mass rejection of the total feed. This will be further reviewed and optimised in the upcoming bulk sampling and metallurgical testwork over the coming months. In addition to delivering a much higher tin grade, the benefits of ore sorting and mass reduction include:  Reduced CapEx as only a fraction of the sorted mass requires processing and therefore a significantly smaller and lower cost processing plant can be considered to support any future mining operation;  Reduced Opex through reduced mill throughput, lower processing costs and lower cost bulk-mining techniques;  Excellent environmental outcomes including: – A small fraction of the water will be required to produce saleable tin concentrates; – A small fraction of the power will be required to produce saleable tin concentrates; and – Reduced mine footprint including smaller waste emplacements such as tailings dams. 5 This sample was from drill-hole TBD012 between 42-92m of PQ half core for a total of 289.2kg which was sent to TOMRA Ore Sorting Solutions test facility in Castle Hill, Sydney, NSW in July last year. The sample was crushed to -40mm and sized with -8mm fraction retained separately as a fines sample. The 8-32mm sample was then sorted via XRT ore sorting to obtain a high tin recovery sorting setting. The product (tin-bearing) fraction was then sorted again for a high tin upgrade sort, with the goal of recovering as much tin as possible in as little mass as possible. The waste from this second sort is what has been trialled in the DMS testwork program, the results of which are detailed above. DIAMOND DRILLING PROGRAM COMMENCES A diamond drilling program comprising five holes for a total of approximately 1,000m is due to commence this week. Diamond drilling is designed to increase the geological understanding of the deposit and to improve geological models and increase confidence in future upgrades of both the MRE and the Exploration Target. The program will be completed with orientated HQ core. Figure 3: Plan showing the current boundary of the existing Tallebung MRE with proposed diamond drillholes indicated in orange and the current MRE outlines in red as well as the newly discovered higher-grade, shallow MRE extension zones. 6 Dilling will target areas where higher-grade zones have been discovered on the margins of the latest MRE and where geological models can be tested to improve confidence prior to the large-scale, resource expansion RC drilling program planned, which is planned to commence in the coming months. 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 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 semiconductors, 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. 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 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. Table 3: Trench coordinates (MGA94 Zone 55) with start and end with name and length of trench. TRENCH ID START END LENGTH EASTING NORTHING RL EASTING NORTHING RL 460832 460726 6376278 6376641 294 283 460855 460760 6376288 6376653 292 281 25 T5 T6 460617 6376449 289 460672 6376461 291 56 T7 460440 6377163 266 460466 6377175 265 28 T8 460500 6376841 287 460529 6376856 288 32 T9 460112 6377204 295 460133 6377211 294 24 T4 8 36 COMMENTS Table 4: Trench logs for image shown in Figure 2 of trench T6. Mineralisation is vein hosted, and logging is therefore split into logging of vein volume, number, and minerals for each interval along with any comments. Logging codes are as follows: Q – Quartz, FEOX – Iron Oxide, CST – Cassiterite. SLST & SDST – Sandstone and Siltstone, respectively. TOTAL VOLUME % VEINS TOTAL NUMBER VEINS 1 20 1 6 1 10 6 7 1 7 8 1 2 T6 8 9 1 T6 9 10 1 T6 10 11 1 T6 11 12 1 T6 12 13 1 T6 13 14 1 T6 14 34 20 T6 34 35 1 5 1 Q 4 FEOX 1 T6 35 36 1 5 3 Q 4 FEOX 1 T6 36 36.5 0.5 5 2 Q 4 FEOX 1 HOLE ID FROM (m) TO (m) INTERVAL (m) T6 0 4 4 T6 4 5 T6 5 T6 T6 VEIN MIN1 % VEIN MIN2 VEIN MIN2 % Q 20 CST 0.2 1 Q 10 1 Q 2 VEIN MIN1 VEIN MIN3 VEIN MIN3 % COMMENTS Interbedded SLST & SDST Interbedded SLST & SDST Interbedded SLST & SDST Interbedded SLST & SDST Interbedded SLST & SDST Interbedded SLST & SDST 2 1 Q 2 Interbedded SLST & SDST 2 1 Q 2 Interbedded SLST & SDST Interbedded SLST & SDST Interbedded SLST & SDST 2 2 Q 2 Interbedded SLST & SDST Interbedded SLST & SDST SDST hosted qtz feox vein, in fracts in SDST. SDST steep East dip SDST hosted qtz feox vein, in fracts in SDST. Large SDST bed possibly folded core of antIform Part of above T6 36.5 39.5 3 0.2 3 Q 0.1 FEOX 0.1 T6 39.5 40 0.5 5 2 Q 3 CST 1 T6 40 41 1 T6 41 42 1 T6 42 43 1 T6 43 44 1 3 1 Q 2 FEOX 1 T6 44 45 1 3 1 Q 2 FEOX 1 T6 45 46 1 3 1 Q 2 FEOX 1 T6 46 47 1 T6 47 48 1 2 1 Q 1 FEOX 0.8 CST 0.2 T6 48 49 1 2 1 Q 1 FEOX 0.8 CST 0.2 T6 49 50 1 T6 50 51 1 T6 51 54 3 T6 54 55 1 2 1 Q 1 FEOX 1 T6 55 56 1 2 1 Q 1 FEOX 1 FEOX 1 Fault zone, minor qtz vein in SDST beds Thick SDST bed at fract fill qtz cst feox vein Interbedded SLST & SDST 8 3 Q 6 CST 1 FEOX 1 Interbedded SLST & SDST, fract fill qtz cst feox vein in SDST Interbedded SLST & SDST Interbedded SLST & SDST, fract fill qtz cst feox vein in SDST Interbedded SLST & SDST, fract fill qtz cst feox vein in SDST Interbedded SLST & SDST, fract fill qtz cst feox vein in SDST Interbedded SLST & SDST gray SLST-SDST with thick 30cm SDST bed with fract fill qtz-cstfeox vein gray SLST-SDST with thick 30cm SDST bed with fract fill qtz-cstfeox vein Interbedded SLST & SDST 2 1 Q 1 FEOX 1 interbedded SLST & SDST, minor qtz-feox vein Interbedded SLST & SDST 9 interbedded SLST & SDST, minor qtz vn in SDST interbedded SLST & SDST, minor qtz vn in SDST JORC CODE, 2012 - TABLE 1 Section 1 Sampling Techniques and Data – TALLEBUNG PROJECT (Criteria in this section apply to all succeeding sections) Criteria Explanation Sampling techniques Commentary  Drill core sampling is by sawn quarter core PQ & half core HQ core. Nominal sample intervals are 1m with a 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 range from 0.3m to 2.0m. as downhole gamma sondes, or handheld XRF instruments, etc). These examples should not All samples were submitted to ALS Burnie for preparation and assaying. be taken as limiting the broad meaning of sampling.  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.  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. Diamond drilling - core samples were taken at nominally 1m, but with a range between 0.3-2m. PQ core samples are cut in quarters with ¾ retained for reference and metallurgical test work and ¼ submitted for assay - dried, crushed and pulverised to 90% passing 75 microns. ALS Burnie - XRF fusion for Sn, Fe, Si, S, W & Ag as appropriate Drilling techniques  Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, Diamond Drilling completed by drilling PQ. 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) PQ core was orientated. Drill sample recovery   Sample weights are recorded for each sample. Recoveries were generally excellent and consistent, however, Method of recording and assessing core and chip sample recoveries and results assessed. if samples were wet the recoveries were less consistent. 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 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 may have occurred due to preferential loss/gain of fine/coarse material 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 Systematic geological and geotechnical logging was undertaken when the holes were originally drilled. Data of detail to support appropriate Mineral Resource estimation, mining studies and collected includes: metallurgical studies  Nature and extent of lithologies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc)  Relationship between lithologies. photography  Amount and mode of occurrence of ore minerals. The total length and percentage of the relevant intersections logged  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. 10 Criteria Explanation Commentary Both qualitative and quantitative data is collected. 1/4 core (PQ) samples are retained in trays for future reference. Sub-sampling techniques and sample preparation       Quality of assay data and laboratory tests    Verification of sampling  and assaying    ½ PQ core was sued for testwork. 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 Samples were split and subsequently crushed and milled to p100 -3350um before conducting testwork. 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 The nature, quality and appropriateness of the assaying and laboratory procedures used and Standard assay procedures performed by a reputable assay lab, ALS Brunie - XRF fusion for Sn, Fe, Si, S, W & whether the technique is considered partial or total Ag as appropriate. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations No geophysical tools were used in the determination of assay results. factors applied and their derivation, etc Certified reference material or blanks were inserted at least every 50 samples in drillng. Standards are 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 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, have been established medium grade, low grade, and trace ranges of elements, with a primary focus on Sn and W. 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 and external consultants. The calculations were viewed by >1 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 Burnie via 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. 11 Criteria Data spacing and distribution Explanation    Commentary Data s