Announcement PDF ASX: SKY ASX ANNOUNCEMENT 18 September 2024 TALLEBUNG TIN PROJECT, NSW – DRILLING UPDATE FURTHER HIGHER-GRADE TIN INTERCEPTS IN SOUTHERN EXTENSION DRILLING PROGRAM  Shallow, higher-grade tin intersections returned from southern extension drilling, with highlights including: TBRC105: 7m @ 0.58% tin from 62m, including: 2m @ 1.82% tin from 62m. TBRC110: 6m @ 0.59% tin & 28.8g/t silver from 50m, including: 3m @ 1.02% tin & 22.3g/t silver from 53m, within: 27m @ 0.24% tin & 16.9g/t silver from 47m.  Results show strong continuity of mineralisation surrounding the high-grade extension discovered in the recent 150m step-out hole to the south, which returned: TBRC078: 11m @ 1.02% tin, 77.9g/t silver & 0.13% tungsten from 64m  The continuity shown in these latest results demonstrates a coherent higher-grade zone of shallow tin mineralisation extending well beyond the boundaries of the current Mineral Resource Estimate (MRE)1 at the Tallebung Project.  These areas of shallow, higher-grade tin mineralisation being discovered and expanded in recent drilling will be a key focus for potential future early mining at Tallebung to facilitate rapid payback of Capex.  Assays have now been received for 10 holes of the 13-hole RC program, with results for the remaining three holes anticipated over the coming weeks. SKY CEO Oliver Davies commented: “These latest higher-grade intercepts from Tallebung are highly encouraging, a tin grade of 0.58% is equivalent to around 2% copper, with the tin price maintaining strong levels of ~3.5x the copper price on the LME and before beneficiation via TOMRA ore sorting. The growing continuity of the shallow, higher-grade tin mineralisation discovered at Tallebung is expected to strongly enhance the project economics, with this mineralisation ideally suited to be exploited in the early phase of a future mining operation to generate early cash flow and enable rapid payback of project Capex. “The strong tin price, combined with the growing continuity of shallow higher-grade tin mineralisation in recent drilling and our extraordinary success with recent ore sorting testwork all highlight the excellent progress and unique opportunity developing at SKY’s Tallebung Tin Project.” 1 Please see SKY ASX Announcement 23 January 2024 for more details. SKY METALS LIMITED +61 2 6360 1587 2 HAWTHORN PLACE, ORANGE NSW 2800 WWW.SKYMETALS.COM.AU ABN 46 098 952 035 The Board of Sky Metals Limited (‘SKY’ or ‘The Company’) is pleased to report initial assay results from the southern extension Reverse Circulation (RC) drilling program as well as final diamond drilling results from the Tallebung Tin Project, NSW. TALLEBUNG PROJECT (EL 6699, SKY 100%) RC DRILLING PROGRAM A program of 13 Reverse Circulation (RC) drill-holes (TBRC103-TBRC115, Figure 1) has successfully confirmed the continuity of recently discovered high-grade tin mineralisation, well beyond the southern margin of the current MRE. The program was completed to expand this southern extension where the southernmost drillhole, TBRC078, intercepted high-grade tin mineralisation including: TBRC078: 11m @ 1.02% Sn, 77.9g/t Ag & 0.13% W from 64m Holes TBRC103-110 were drilled to infill these results and continue to expand the deposit to the south. Best results were from holes TBRC105 and TBRC110 which were drilled approximately 50m along strike to the southeast and down dip from TBRC078, respectively. Highlights from these drillholes include: TBRC103: 14m @ 0.22% Sn & 27.1g/t Ag from 59m; including: 1m @ 1.74% Sn & 296g/t Ag from 60m. TBRC104: 6m @ 0.21% Sn, 0.03% W & 5.39g/t Ag from 59m; including: 1m @ 1.74% Sn & 296g/t Ag from 60m. TBRC105: 7m @ 0.58% Sn from 62m, including: 2m @ 1.82% Sn from 62m. TBRC106: 3m @ 0.18% Sn & 8.81g/t Ag from 15m. TBRC108: 23m @ 0.21% Sn. 0.07% W & 10.2g/t Ag from 82m; including: 1m @ 0.96% Sn, 1.09% W & 92.3g/t Ag from 82m; and 1m @ 1.17% Sn from 90m. TBRC109: 2m @ 0.44% Sn, 190.5/t Ag, 0.07% W & 0.05% Cu from 68m. TBRC110: 6m @ 0.59% Sn & 28.8g/t Ag from 50m, including: 3m @ 1.02% Sn & 22.3g/t Ag from 53m, within: 27m @ 0.24% Sn & 16.9g/t Ag from 47m. Future work will focus on building the Company’s geological understanding of this newly discovered area and continuing to expand this zone of tin mineralisation delineated beyond the southern margin of the current MRE. DIAMOND DRILLING PROGRAM A program of five diamond drill-holes (TBD009-TBD013, Figure 1) was completed to in-fill the current Tallebung MRE of 15.6Mt @ 0.15% Sn for 23.3kt of contained Sn (SKY ASX Announcement 23 January 2024). Assay results for the first four holes (TBD009-TBD012) were reported in SKY ASX Announcement 28 August 2024. Assays have now been received for the final hole in this program, TBD013, successfully confirming further tin mineralisation well outside of the current MRE and effectively doubling the width of the known mineralisation footprint on the northern margin of the Tallebung deposit (Figure 1, Table 2). Results include: TBD013: 9.4m @ 0.21% Sn & 0.04% W from 9.5m, including: 0.5m @ 1.72% Sn, 0.28% W & 9.55g/t Ag from 9.5m. 2 Figure 1: Plan showing the current boundary of the Tallebung MRE with new intercepts shown in orange. Past highlight intercepts are shown in black. Inset shows southern extension area with new results. 3 For further information: Investors: Oliver Davies, CEO – Sky Metals M: 0430 359 547 Media: Nicholas Read – Read Corporate M: 0419 929 046 4 Table 1: Tallebung Project – Drill-hole Collar Details. Hole ID Easting (MGA) Northing (MGA) RL (m) TBRC103 TBRC104 TBRC105 TBRC106 TBRC107 TBRC108 TBRC109 TBRC110 TBRC111 TBRC112 TBRC113 TBRC114 TBRC115 TBD013 460997.12 460977.87 461037.57 461070.24 461048.11 461004.86 460953.95 461047.02 460925.15 460875.97 460673.83 460665.17 460765.13 460466.5 6376091.97 6376045.5 6376024.42 6375970.03 6376094.48 6376125.65 6376150.43 6376067.81 6375867.14 6375978.37 6376764.61 6376794.67 6376824.31 6377176.85 294.2 295.9 296.7 299.4 293.37 293.26 293.53 294.77 304.48 299.22 276.42 276.24 276.54 265.51 DIP Azimuth (MGA) Total Depth (m) Comment -60.09 -59.82 -59.12 -59.06 -59.89 -60.35 -59.86 -56.61 -59.87 -60 -60.34 -59.81 -69.78 -60.22 249.39 249.64 250.67 250.41 247.29 250.59 251.4 257.1 250.13 250.53 250.45 247.82 259.36 246.79 180 204 198 204 198 204 174 198 198 204 204 210 120 199.4 Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Hole Abandoned due to collapse at 77m Complete Table 2: Tallebung Project – Significant Intercepts. Hole ID From To Interval Sn W Ag Cu Zn (m) (m) (m) % % g/t % % TBRC103 59 73 14 0.22 - 27.1 - - including 60 61 1 1.74 0.11 296 - - 107 108 1 0.2 - - - - TBRC104 42 44 2 0.1 - - - - 69 75 6 0.21 0.03 5.39 - - including 69 70 1 0.57 - 13.9 - - 170 172 2 0.2 0.07 18.8 - 0.31 TBRC105 62 69 7 0.58 0.04 - - - including 62 64 2 1.82 0.03 - - - TBRC106 15 18 3 0.18 - 8.81 - - 70 76 6 0.05 0.02 21 - - 121 122 1 0.12 - 79 - 0.45 195 196 1 0.11 - 11.4 - - 83 84 1 0.13 - - - - 100 103 3 0.1 - - - - 111 112 1 0.2 0.33 8.51 - - 128 129 1 0.16 - - - - 191 192 1 0.24 0.14 6.08 - 0.3 63 66 3 0.15 - 14.5 - - 74 75 1 0.16 0.14 18.6 - - TBRC107 TBRC108 82 105 23 0.21 0.07 10.2 - - including 82 83 1 0.96 1.09 92.3 - - and 90 91 1 1.17 - - - - 145 147 2 0.12 - - - - 5 Comment Hole ID TBRC109 From To Interval Sn W Ag Cu Zn (m) (m) (m) % % g/t % % 149 150 1 0.11 - - - - 2 3 1 0.18 0.03 - - - 68 70 2 0.44 0.07 190.5 0.05 - 140 141 1 0.24 0.03 9.69 - 0.38 TBRC110 47 74 27 0.24 0.02 16.9 - - including 50 56 6 0.59 0.03 28.8 - - including 53 56 3 1.02 0.04 22.3 - - and 67 68 1 0.9 - 28.9 - - and 73 74 1 0.83 - 24.8 - 0.63 144 145 1 0.16 - - - - 170 178 8 0.26 - - - - including 171 172 1 1.8 - - - - TBD013 9.5 18.9 9.4 0.21 0.04 - - - including 9.5 10 0.5 1.72 0.28 9.55 - - and 17.9 18.4 0.5 1.45 0.02 9 - - 32.5 37.9 5.4 0.13 - 13.5 - - 32.5 33.45 0.95 0.56 0.02 - - - 50.3 51.4 1.1 0.32 - 133 - - 169.6 170 0.4 0.14 0.1 27.1 - 0.29 including 6 Comment This report has been approved for release by the Board of Directors. ABOUT SKY (ASX: SKY) SKY is an ASX listed 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 an updated MRE of 15.6Mt @ 0.15% Tin*. SKY plans to advance the Tallebung by increasing the resource to the 23-32Mt1 Exploration Target and progress development for future mining (1SKY:ASX Announcement 23 January 2024). 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 represents a large tin project with multiple historic workings prospective for tin, tungsten and lithium mineralisation with limited drill testing Completed to date. 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 – BML: OPTION TO PURCHASE) The Galwadgere project is located ~15km south-east of Wellington in central NSW. An MRE of 3.6Mt @ 0.78% Cu and 0.28g/t Au at Galwadgere with numerous targets with limited drilling testing adjacent to the MRE. GOLD PROJECTS CULLARIN / KANGIARA projects (EL7954; EL8400 & EL8573, 80% SKY-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 PROJECTS (EL8920 & 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 2: 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 prepared in accordance with the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves JORC Code 2012. 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 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. 9 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 10 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 to drilling orientation is known. The structural controls on mineralisation is 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 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. 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 material issues The Tallebung Project is described by NSW Exploration Licence 6699 with third parties such as joint ventures, partnerships, overriding royalties, native title interests, The tenement is 100% owned by Stannum Pty Ltd, a 100% owned subsidiary of Big Sky Metals Pty Ltd historical sites, wilderness or national park and environmental settings. 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 Titla 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 extinguished native title was received over a major portion of the Tallebung Tin Field and Stannum has also signed an access agreement with the Native Title Applicant for access to the entire lease.  Acknowledgment and appraisal of exploration by other parties The Tallebung Project area was subject to a modern, large-scale alluvial/colluvial mining by the Tullebong Tin Syndicate in the period 1963-1972. The Tullebong Syndicate Completed a program of 24 short diamond holes in 1968-69 designed to test the lode mineralisation at Tallebung. Pruessag Completed a large-scale assessment of the alluvial tin deposits in 1984-85, including RC drilling, identifying the potential for a large, low grade alluvial deep lead. In recent exploration, YTC Resources (now Aurelia Metals Ltd) Completed trenching, diamond drilling, aircore drilling of tailings, and resistivity geophysics (EH4) at the Tallebung tin field. YTC recognised the 12 Criteria Explanation Commentary continued potential for both shallow high grade, and large scale low-grade porphyry-style- tin mineralisation. Geology  Drill hole Information   Dat