High-Grade Tin Discovery Grows At Tallebung - Updated
Released
Released
Announcement PDF
Sky Metals Ltd (ASX: SKY) (‘SKY’ or the ‘Company’) issued an ASX Announcement tiled ‘High-Grade Tin Discovery
Grows at Tallebung’ on 20 May 2025.
Following discussions with ASX, the Company retracts the information contained in the announcement which the
ASX has deemed relates to reporting on the basis of metal equivalents and that the information did not meet the
requirements of section 50 of the JORC Code. In the attached updated announcement, the relevant metal
equivalent information has been removed from the Managing Director’s comment, sectional views for the new
drilling results have been included, and a typo on page 3 has been corrected.
This announcement has been authorised for release by Oliver Davies, Managing Director.
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
SKY METALS LIMITED
+61 2 6360 1587
2 HAWTHORN PLACE, ORANGE NSW 2800
WWW.SKYMETALS.COM.AU
ABN 46 098 952 035
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 tinoxide (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.
SKY METALS LIMITED
+61 2 6360 1587
2 HAWTHORN PLACE, ORANGE NSW 2800
WWW.SKYMETALS.COM.AU
ABN 46 098 952 035
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.
3
ASX: SKY
ASX ANNOUNCEMENT
30 May 2025
Tallebung Tin Project, NSW – Drilling Update
HIGH-GRADE TIN DISCOVERY GROWS AT TALLEBUNG
STRONG START TO 2025 RC DRILL CAMPAIGN, WITH SHALLOW, HIGH-GRADE TIN INTERCEPTS IN
FIRST THREE RC DRILL-HOLES OUTSIDE THE CURRENT RESOURCE
• Shallow, high-grade tin intersected in the first three (3) holes of the major Reverse Circulation
(RC) drilling program that commenced last month. Results include:
TBRC118:
6m @ 1.01% tin from 52m, including:
2m @ 2.54% tin from 54m.
TBRC116:
13m @ 0.33% tin from 70m, including:
5m @ 0.74% tin from 76m.
TBRC117:
2m @ 1.10% tin from 69m.
• These holes have widened the newly discovered zone of high-grade tin intersected last year
to the south of the current MRE:
TBRC078:
11m at 1.02% Sn from 54m
• Importantly, Tallebung ore sorting variability studies completed last year1 showed the
potential to achieve a significant and consistent upgrade of high-grade tin mineralisation:
TBD006 (25-35m): – 1.15% tin upgraded 4.6x to 5.31% tin with 99% recovery of tin.
• A stream of results will continue over the coming months as the current drilling program
targets further shallow extensions and in-fills the existing Tallebung MRE.
• In light of the success of the ongoing drilling, the current RC program has been more than
doubled in size with the addition of ~80 RC holes to continue to build on these excellent
results. Over 100 holes have now been permitted ready for drilling.
• In parallel, SKY is advancing the bulk sample metallurgical program to optimise the process
flowsheet and produce marketable tin concentrates to aid in off-take marketing.
SKY Managing Director & CEO Oliver Davies commented: “We have made a cracking start to the RC program, with
shallow, high-grade tin returned in each of the first three holes. The initial drilling has expanded the high-grade
zone immediately south of the MRE, adding substantial momentum to our current exploration program. The tin
price is maintaining levels of 3-3.5x the copper price at current LME spot prices and demonstrates the very high
value nature of these intercepts., reinforcing the strategic importance of the shallow extensions we are finding to
the south and east of the current deposit. This is an exciting time for our shareholders as we begin to uncover the
true potential of this extensive tin field.”
Watch a video summary of this announcement & engage with SKY here
1
For further details on the ore sorting variability testwork for the Tallebung Tin Project please see SKY ASX Announcement 23 January 2024.
SKY METALS LIMITED
+61 2 6360 1587
2 HAWTHORN PLACE, ORANGE NSW 2800
WWW.SKYMETALS.COM.AU
ABN 46 098 952 035
Sky Metals Ltd (ASX: SKY) (‘SKY’ or the ‘Company’) is pleased to report initial assay results from the large Reverse
Circulation (RC) drilling program that commenced in mid-April at its flagship 100%-owned Tallebung Tin Project in
central NSW.
TALLEBUNG PROJECT (EL 6699, SKY 100%)
EXTENSIVE RESOURCE GROWTH-FOCUSED RC DRILLING PROGRAM
Assay results have been received for the first three (3) holes (TBRC116-118) of the large ongoing Reverse
Circulation (RC) drilling program with high-grade tin intersected in the first three holes completed. All three holes
were located in the newly discovered high-grade zone to the south of the current MRE (see Figure 1).
Figure 1: Plan showing the location of the drill-holes in the latest program as well as the new extensional drillholes added to the program with existing highlight drill intercepts. The boundary of the existing Tallebung MRE is
also shown over the surface geology map.
The first three (3) RC holes (TBRC116-118) were designed to expand the newly discovered high-grade southern
extension to the Tallebung deposit (figure 1). The results have confirmed significant extensions to this strategically
important high-grade zone, with results including:
2
TBRC118:
6m @ 1.01% Sn from 52m, including:
2m @ 2.54% Sn from 54m.
TBRC116:
14m @ 0.31% Sn from 70m, including:
6m @ 0.62% Sn from 70m.
TBRC117:
2m @ 1.10% Sn from 69m.
Drilling has continued to target extensions to the southern area of the existing MRE, aiming to expand Resources
and increase Resource confidence with shallow RC holes. This southern area has been an important focus of the
RC drill campaign because this zone is likely to be targeted in the early stages of a future mining operation to
extract higher-grade, shallow tin mineralisation to facilitate a rapid capital payback.
Drilling next proceeded to the eastern margin of the deposit to explore for further extensions of shallow, highergrade mineralisation that can be incorporated into the early stages of the mine plan to bolster the Company’s goal
of achieving a faster payback of project CAPEX.
The program continues to make excellent progress, with a total of 42 holes completed to date. Given the exciting
results already being generated, approvals have now been submitted to further substantially expand the drilling
program with an additional approximately 80 holes planned, increasing the overall program to approximately 150
holes.
The additional holes are designed to further explore the extensions of the Tallebung deposit as new zones continue
to be discovered. Significantly, many of the new zones are located in areas away from the historic workings,
suggesting that the best parts of the deposit may yet to be found.
A steady stream of results are expected over the next few months as the drilling programs advance. The Company
will continue to provide regular updates as assay results are received.
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
3
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.
Table 1: Drillhole coordinates (MGA94 Zone 55).
Hole ID
TBRC116
TBRC117
TBRC118
TBRC119
TBRC120
TBRC121
TBRC122
TBRC123
TBRC124
TBRC125
TBRC126
TBRC127
TBRC128
TBRC129
TBRC130
TBRC131
TBRC132
TBRC133
TBRC134
TBRC135
TBRC136
TBRC137
TBRC138
TBRC139
TBRC140
TBRC141
TBRC142
TBRC143
TBRC144
TBRC145
TBRC146
TBRC147
TBRC148
TBRC149
TBRC150
Easting
(MGA)
461009
460990
460970
460984
460925
460925
460861
460624
460706
460759
460823
460713
460747
460784
460778
460877
460288
460752
460698
460663
460677
460640
460585
460570
460584
460548
460684
460761
460318
460349
460429
470601
460640
460675
460729
Northing
(MGA)
6376037
6376068
6376085
6376130
6376166
6376216
6376632
6376461
6376379
6376370
6376517
6376662
6376680
6376677
6376658
6376679
6376775
6376850
6376847
6376847
6376882
6376905
6376922
6376975
6377007
6377017
6377067
6377072
6377098
6377202
6377253
6376717
6376587
6376586
6376613
RL (m)
DIP
296
295
294
293
295
294
282
290
297
298
288
283
282
284
284
282
301
277
277
279
280
283
286
286
285
286
281
279
270
281
280
280
285
285
285
-60
-60
-60
-60
-56
-60
-61
-59
-59
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-60
-61
-60
-61
-60
-60
-61
Azimuth
(MGA)
248
249
249
249
257
242
247
247
248
260
260
260
260
260
260
250
250
250
260
250
250
250
260
260
262
249
249
253
252
248
248
249
258
269
263
4
Total
Depth (m)
102
120
102
102
126
120
102
102
120
120
114
102
120
120
120
120
120
120
108
102
102
102
102
102
102
120
120
120
120
120
120
120
120
120
120
Comment
Completed
Completed
Completed
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Completed – Assays Pending
Table 2: Tallebung Tin Project – Significant Intercepts.
Hole ID
From
To
Interval
Sn
W
Ag
Cu
Zn
(m)
(m)
(m)
%
%
g/t
%
%
70
83
13
0.33
-
-
-
-
76
81
5
0.74
-
-
-
-
TBRC117
69
71
2
1.1
-
-
-
-
TBRC118
52
58
6
1.01
-
-
-
-
54
56
2
2.54
-
-
-
-
80
85
5
0.25
0.04
-
-
-
TBRC116
Comment
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.
5
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 RC Drilling – the total sample (~20-30kg) is delivered via cyclone into a large plastic bag which is retained
standard measurement tools appropriate to the minerals under investigation, such as downhole 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.
gamma sondes, or handheld XRF instruments, etc). These examples should not 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 RC drilling, 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 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 RC Drilling – the total sample (~20-30kg) is delivered via cyclone into a large plastic bag which is retained
30 g charge for fire assay’). In other cases, more explanation may be required, such as where
for future use if required. 1m intervals are split using a cone splitter on the rig into a separate calico at
there is coarse gold that has inherent sampling problems. Unusual Commodities or
the time of drilling. Where mineralisation has not been logged, 4m Composites have been made by using
mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. 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 – MEMS61)
Reverse circulation (RC) drilling using 110mm rods, 144mm face sampling hammer.
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, facesampling bit or other type, whether core is oriented and if so, by what method, etc)
Drill sample recovery
•
•
•
Method of recording and assessing core and chip sample recoveries and results assessed.
RC drilling - high capacity RC rig was used to enable dry samples collected. Drill cyclone is cleaned
Measures taken to maximise sample recovery and ensure representative nature of the samples. between rod changes and after each hole to minimise cross-hole contamination.
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
Sample weights are recorded for each sample. Recoveries were generally excellent and consistent,
however, if samples were wet the recoveries were less consistent.
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.
6
Criteria
Logging
•
•
•
Explanation
Commentary
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.
All chips were geologically logged.
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. Where 4m Composites have been made, a spear is used to split equal amounts of
each metre into the 4m Composite.
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
Quality of assay data
and laboratory tests
•
•
•
The nature, quality and appropriateness of the assaying and laboratory procedures used and
Standard assay procedures performed by a reputable assay lab, (ALS), 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 MEFor geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in
MS61).
determining the analysis including instrument make and model, reading times, calibrations
factors applied and their derivation, etc
Sn and W assays were generated by lithium borate fusion XRF (method ME-MS85) – considered
Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external
appropriate for these elements.
laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have
been established
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
7
Criteria
Explanation
Commentary
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 Cu.
Verification of sampling •
and assaying
•
•
•
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 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.
Data spacing and
distribution
•
•
•
Data spacing for reporting of Exploration Results
At this stage, drilling of the MRE area of the project has been drilled to at least approximately 80m x 80m
Data spacing for reporting of Exploration Results Whether the data spacing, and distribution is down to 40m x 40m for inferred and indicated resources respectively. Outside of the MRE are, data
sufficient to establish the degree of geological and grade continuity appropriate for the Mineral spacing is variable as the focus is on geological mapping and identifying new zones of mineralisation.
Resource and Ore Reserve estimation procedure(s) and classifications applied
Whether sample Compositing has been applied
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 Drilling was orientated to cross the mineralisation trend at moderate to high angles, perpendicular to
extent to which this is known, considering the deposit type
mineralisation. The use of orientated core allows estimates of the true width and orientation of the
If the relationship between the drilling orientation and the orientation of key mineralised
mineralisation to be made accurately.
structures is considered to have introduced sampling bias, this should be assessed and reported
if material
No sample bias due
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