Announcement PDF ASX: SKY ASX ANNOUNCEMENT 1 1March 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 NEW HIGH ‑GRADE DRILLING AND ROCK ‑CHIP RESULTS FURTHER EXPAND TALLEBUNG FOOTPRINT PLUS, NSW STATE SIGNIFICANT DEVELOPMENT APPROVAL PROCESS INITIATED • Further outstanding shallow, high‑grade tin-tungsten-silver intercepts delivered from the ongoing multi‑rig drilling campaign at the Tallebung Tin Project (NSW), including: TBRC317: 8m @ 1.18% tin & 0.25% tungsten from 41m, including: - 3m @ 2.88% tin & 0.45% tungsten from 42m TBRC296: 46m @ 0.26% tin & 30.2g/t silver from 15m, including: - 3m @ 2.18% tin from 47m TBRC304: 24m @ 0.34% tin & 31.5g/t silver from 101m, including: - 4m @ 1.02 % tin & 131g/t silver from 112m TBRC302: 25m @ 0.27% tin, 0.09% tungsten & 17.0g/t silver from 7m, including: - 2m @ 0.76% tin & 0.25% tungsten from 8m; • High‑grade tin assays cassiterite‑bearing surface rock chips confirms substantial southern extensions to the deposit, including: 1.10% tin & 18.2g/t silver (GC20260107-1) and 1.35% tin (GC20260107-3) • Follow‑up drill holes to test these new extensional targets already permitted and approved and will be integrated into the current multi‑rig program. • Approvals pathway advancing, with the NSW State Significant Development (SSD) process initiated, the Scoping Report commenced and environmental consultants engaged. • New Environmental Manager appointed to support Executive Director Scott Todd, accelerating approvals activities and positioning Tallebung for near‑term development. SKY Managing Director & CEO Oliver Davies commented: “These latest results continue to reinforce the outstanding growth potential of our shallow, high‑grade tin-tungsten-silver system at Tallebung. The confirmation of high‑grade mineralisation both in drilling and at surface provides clear opportunities for near‑term resource growth. “With the State Significant Development process now underway and a dedicated environmental team in place, our approvals work is advancing rapidly, in parallel with ongoing drilling and technical studies. With two rigs turning and follow‑up holes already approved, we continue to progress both expansion and in-fill drilling to support the upcoming Mineral Resource update and advance Tallebung toward development readiness.” 2 Figure 1: Plan showing the location of new drilling results and newly discovered surface sampling results. Drill- hole collars, previously reported highlight drill intercepts and the limits of the existing Tallebung MRE are shown over surface geology. 3 Sky Metals Limited (ASX: SKY) is pleased to advise that new high‑grade results from drilling and surface sampling have further expanded the mineralised footprint of the Company’s flagship Tallebung Tin Project in central‑western NSW. TALLEBUNG TIN PROJECT (EL 6699, SKY 100%) TALLEBUNG CONTINUES TO GROW Ongoing Reverse‑Circulation (RC) drilling continues to intersect thick, shallow and high‑grade tin-tungsten-silver mineralisation across multiple areas of the deposit, while new rock‑chip assays have confirmed significant high‑grade tin mineralisation at surface to the south, extending the known system along strike. Standout drilling results include TBRC317, TBRC296, TBRC304 and TBRC302, which collectively demonstrate both grade and thickness at depths amenable to open‑pit development. These results build on earlier programs that identified high‑grade positions on the deposit margins, reinforcing the open‑ended nature of the Tallebung system and its capability to deliver material Resource growth. SOUTHERN EXTENSION CONFIRMED AT SURFACE Tin‑cassiterite-bearing rock chips grading up to 1.35% Sn (GC20260107‑2) and 1.10% Sn and 18.2g/t Ag (GC20260107‑1) have been collected from newly identified historical workings south of the current Resource envelope. These results have confirmed the continuity of mineralisation at surface and highlight additional high‑priority targets for immediate drill testing. Follow‑up drill holes are permitted and approved, ready to be drilled, and will be added to the current multi‑rig drilling schedule. Figure 2: Cross‑section showing new drilling results from TBRC317 and TBRC318 alongside previously reported drill‑hole intercepts. The surface positions of historical workings are also displayed, with the mineralisation hosted in stacked vein packages that extend to surface, trending towards these historical workings. Note: faults strike obliquely to the section, and some drill holes lie off section centre, which may limit the precision of representing the geology in two dimensions. 4 The current exploration program continues to proceed with strong momentum at Tallebung with two RC rigs operating continuously, as SKY systematically advances both extensional and in-fill drilling to: 1. Expand newly defined high‑grade zones along strike and down‑dip; and 2. Complete the in-fill coverage required to support the upcoming Mineral Resource Estimate (MRE) and mine planning. Geological logging, structural interpretation and growing geotechnical datasets from the program are feeding directly into mine design and mining studies, keeping the development workstreams closely aligned with exploration. Figure 3: Cross‑section showing new drilling results from TBRC296 and TBRC301 alongside previously reported drill‑hole intercepts. The surface positions of historical workings are also displayed, with mineralisation hosted in stacked vein packages that extend to surface, trending towards these historical workings. Note: faults strike obliquely to the section, and some drill holes lie off section centre, which may limit the precision of representing the geology in two dimensions. APPROVALS & PERMITTING UPDATE – SSD PROCESS INITIATED SKY has initiated the NSW State Significant Development (SSD) approvals process for Tallebung, with environmental consultants engaged to prepare and submit the Scoping Report in the coming months. The Company has also appointed a new Environmental Manager to support Executive Director Scott Todd and the leadership team, ensuring dedicated capacity to coordinate baseline studies, community and stakeholder engagement, and to advance the Environmental Impact Statement (EIS) work program on schedule. The initiation of the SSD process represents an important milestone that runs in parallel with SKY’s multi‑rig drilling, metallurgical testwork and mine design activities. This integrated approach is designed to compress timelines between exploration success, resource growth and development readiness. Work is now underway to integrate these new target areas into the active drilling schedule, ensuring that both extensional and in-fill drilling components progress simultaneously. The significant datasets being generated – 5 including detailed geological logging, structural interpretation, and expanding geotechnical coverage – will directly feed into ongoing mine design, mining studies and metallurgical modelling, maintaining SKY’s strong momentum toward development readiness. NEXT STEPS – Integrate permitted follow-up drill holes testing the southern rock-chip targets into the current multi-rig program. – Continue RC step-outs and in-fill across high-grade tin-tungsten-silver positions to support the upcoming MRE update. – Continue building geotechnical and structural data collection (from diamond, geotechnical holes as required) to advance mine design. – Progress SSD approvals workstreams: SEARs, specialist baseline studies, EIS scope and schedule, and community engagement. – Provide progressive assay updates as 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 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. 6 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. 7 Table 1: Drillhole coordinates (MGA94 Zone 55). Hole ID Easting (MGA) Northing (MGA) RL (m) DIP Azimuth (MGA) Total Depth (m) Comment TBRC287 461015 6376010 297 -60 249 120 Complete TBRC288 460965 6376027 296 -60 250 120 Complete TBRC289 460940 6376060 295 -59 251 120 Complete TBRC290 460931 6376088 294 -60 249 120 Complete TBRC291 460959 6376108 294 -60 252 126 Complete TBRC292 461008 6376153 293 -59 249 138 Complete TBRC293 461066 6376197 292 -60 252 132 Complete TBRC294 461068 6376145 292 -60 254 126 Complete TBRC295 460930 6376270 291 -59 254 120 Complete TBRC296 460904 6376242 293 -59 251 120 Complete TBRC297 461009 6376205 291 -60 252 120 Complete TBRC298 461025 6376090 293 -60 251 120 Complete TBRC299 460887 6376180 296 -60 252 120 Complete TBRC300 460901 6376206 294 -60 250 120 Complete TBRC301 460851 6376217 296 -59 251 120 Complete TBRC302 460829 6376245 297 -60 253 120 Complete TBRC303 460652 6376675 275 -59 244 120 Complete TBRC304 460640 6376694 275 -60 238 132 Complete TBRC305 460665 6376696 275 -60 247 126 Complete TBRC306 460674 6376711 276 -59 241 120 Complete TBRC307 460793 6376924 275 -60 250 120 Complete TBRC308 460688 6376587 286 -60 262 120 Complete TBRC309 460723 6376572 287 -60 253 120 Complete TBRC310 460728 6376544 288 -60 251 120 Complete TBRC311 460616 6376655 275 -59 247 120 Complete TBRC312 460766 6376972 275 -60 252 120 Complete TBRC313 460884 6376985 272 -60 251 120 Complete TBRC314 460838 6376480 289 -60 254 132 Complete TBRC315 460870 6376383 290 -60 250 120 Complete TBRC316 460888 6376397 289 -60 251 120 Complete TBRC317 460850 6376298 293 -60 255 120 Complete TBRC318 460881 6376302 290 -60 254 120 Complete TBRC319 460833 6376333 294 -60 252 120 Complete TBRC320 460874 6376335 291 60 251 120 Complete TBRC321 460808 6376286 296 60 252 120 Complete TBRC322 461301 6376031 294 -60 250 120 Complete TBRC323 460835 6376061 301 -60 250 120 Complete 8 Table 3: Tallebung Project – Significant Drill-hole Intercepts. Hole ID From To Interval Sn W Ag Cu Zn Comment (m) (m) (m) % % g/t % % TBRC287 44 46 2 0.15 - - - - 92 93 1 0.21 - - - - TBRC288 24 25 1 0.2 - - - - TBRC289 56 59 3 0.25 - - - - TBRC291 65 73 8 0.41 - 14.4 - - including 71 72 1 2.9 0.06 68.2 - - TBRC292 84 85 1 0.11 - - - - 94 95 1 0.58 0.63 - - - TBRC293 84 85 1 0.11 - - - - 92 95 3 0.23 0.22 - - - including 94 95 1 0.58 0.63 - - - 119 120 1 - 0.23 - - - TBRC294 49 50 1 0.12 0.23 - - - 78 79 1 0.39 0.03 - - - TBRC295 26 33 7 0.12 - - - - including 27 28 1 0.37 - - - - 38 39 1 0.15 - 19.8 - - 101 104 3 0.17 0.03 - - - TBRC296 15 61 46 0.26 - 30.2 - - including 31 32 1 0.13 0.22 458 - - and 47 50 3 2.18 0.04 - - - 111 113 2 0.34 - - - - TBRC297 51 52 1 0.11 - - - - 57 59 2 0.19 - 39.9 - - 76 77 1 0.27 0.05 - - - TBRC298 65 70 5 0.25 0.31 77.8 - - including 69 70 1 0.85 1.45 230 - - 82 85 3 0.17 - 15.6 - - TBRC299 28 29 1 0.2 - 25.1 - - 39 40 1 0.16 - - - - 54 60 6 0.21 0.05 - - - including 55 56 1 0.78 0.02 - - - 70 71 1 0.17 0.02 - - - 76 87 11 0.11 0.02 - - - TBRC300 41 43 2 0.76 - - - - including 41 42 1 1.38 0.02 - - - 55 68 13 0.12 0.03 - - - including 67 68 1 0.73 0.05 - - - 115 117 2 0.16 0.03 30.7 - 0.53 TBRC301 17 37 20 0.12 0.03 - - - including 25 28 3 0.4 0.06 14.2 - - 47 48 1 0.31 0.08 - - - 72 73 1 0.3 0.04 - - - 84 87 3 0.23 0.15 33.1 0.06 0.44 95 96 1 0.16 0.02 - - - 109 116 7 0.1 0.23 - - 0.49 including 109 110 1 0.36 1.2 24.7 0.1 2.22 TBRC302 7 32 25 0.27 0.09 17 - - including 8 12 4 0.76 0.25 - - - 61 62 1 0.13 0.02 - - - 9 Hole ID From To Interval Sn W Ag Cu Zn Comment (m) (m) (m) % % g/t % % 74 76 2 0.42 0.18 81.1 0.14 - TBRC303 15 16 1 0.24 0.18 - - - 24 25 1 0.37 0.14 15.4 - - 38 55 17 0.12 0.04 - - - including 38 39 1 0.97 0.03 12.7 - - 88 89 1 0.91 0.03 - - - 107 116 9 0.14 - - - 0.38 TBRC304 29 41 12 0.11 0.04 - - - including 29 30 1 0.39 0.05 - - - 58 63 5 0.1 0.07 - - - 89 94 5 0.34 - - - - including 93 94 1 1.52 0.02 - - - 101 125 24 0.34 - 31.5 - 0.71 including 112 116 4 1.02 0.06 131 - 3.33 and 124 125 1 1.7 0.02 21.7 - 1.15 TBRC305 13 14 1 0.48 0.05 - - - 28 29 1 0.56 0.18 - - - 40 45 5 0.31 0.02 30.7 - - 62 63 1 0.29 0.04 11.9 - - TBRC306 8 10 2 0.11 0.02 - - - 19 28 9 0.25 0.04 - - - including 19 20 1 0.88 0.04 - - - and 26 27 1 0.88 0.13 23.2 - - 34 36 2 0.14 0.03 13.2 - - 41 63 22 0.19 0.04 11.1 - - including 41 42 1 0.92 0.38 20.9 - - and 53 54 1 1.55 0.08 10.6 - - 98 99 1 0.36 - - - - TBRC307 6 7 1 0.43 0.02 - - - TBRC308 63 70 7 0.42 0.05 45.8 0.12 - 90 91 1 0.11 - - - - 94 95 1 0.1 0.02 - - - 101 102 1 0.25 - - - - TBRC309 10 11 1 0.37 - - - - 28 29 1 0.14 - - - - 87 88 1 0.74 1.27 111 0.14 0.53 112 120 8 0.12 - - - - including 117 118 1 0.33 - - - - TBRC310 4 6 2 0.13 - - - - 8 11 3 0.09 - - - - 74 76 2 0.32 0.12 16.4 - - 82 83 1 0.59 0.02 - - - 107 116 9 0.11 0.02 - - - including 112 113 1 0.39 0.04 - - - TBRC311 6 18 12 0.12 - - - - including 7 8 1 0.61 0.02 19.6 - - 71 72 1 0.24 - - - - 87 88 1 0.1 - - - - 90 91 1 0.12 - - - - 104 107 3 0.13 0.03 - - 0.56 TBRC312 110 111 1 1.36 0.03 - - - TBRC313 114 115 1 0.09 - 57.9 - - 10 Hole ID From To Interval Sn W Ag Cu Zn Comment (m) (m) (m) % % g/t % % TBRC314 22 23 1 0.14 - - - - 101 108 7 0.17 0.04 43.9 - 0.39 including 101 103 2 0.43 0.08 146 - 0.77 TBRC315 17 18 1 0.25 - 14 - - TBRC316 39 42 3 0.12 - 15 - - 116 120 4 0.22 - - - - including 119 120 1 0.51 - - - - Open to EOH TBRC317 41 49 8 1.18 0.25 - - - including 42 45 3 2.88 0.45 - - - 58 60 2 0.19 0.24 11.9 - - 110 111 1 0.12 0.05 10.9 - - 119 120 1 0.44 - - - - Open to EOH TBRC318 24 29 5 0.1 - 30.9 - - including 24 25 1 0.42 - 24.4 - - 38 53 15 0.19 - - - - including 38 39 1 1.32 0.03 35 - - 73 74 1 0.15 0.02 - - - 112 113 1 0.21 0.43 - - - TBRC319 24 25 1 0.15 - - - - 40 54 14 0.18 0.03 - - - including 40 45 5 0.42 0.06 16 - - including 44 45 1 1.16 0.08 28.2 - - 63 64 1 0.19 0.58 - - - 97 98 1 0.11 - - - - 112 113 1 0.33 - - - - TBRC320 23 32 9 0.27 - 11.9 - - including 26 28 2 0.65 - 20.8 - - 41 46 5 0.09 - 144 - - including 42 43 1 0.3 - 187 - - 118 119 1 0.13 - - - - Table 3: Tallebung Project – Rock chip sampling location coordinates (MGA94 Zone 55) and significant assay results. Sample ID Easting (MGA) Northing (MGA) RL (m) Sn (%) Ag (g/t) GC20260107-1 460952 6375709 305 1.10 18.2 GC20260107-3 460945 6375730 305 1.35 - 11 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. Rock chips and grab samples taken with a geological hammer and collected into labelled calico bags. All samples were submitted to ALS Orange for preparation and assaying Soil samples were collected from holes approximately 15cm in depth and sieved to 100% passing 2mm, a 50-100g sample was collected for assay and analysis via pXRF. 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. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Soil samples were initially sent for assay via standard assay procedures performed by a reputable assay lab, (ALS Orange). 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. Laboratory assays were the assessed with in-field pXRF analysis via an Olympus Vanta pXRF handheld device. Results were found to be sufficiently comparable for the purposes of soil sampling. Subsequent soil sampling results were obtained via handheld Olympus Vanta pXRF analysis and these results are report herein. • 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. Rock chip and RC drilling samples were dried, crushed and pulverised to 90% passing 75 microns – assays are pending. Soil samples analysed via handheld Olympus Vanta pXRF. 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 samples were weighed for each metre and assessed for recovery, contamination and effect of water if present. Sample quality is assessed by the sampler by visual approximation of sample recovery and if the sample is dry, damp or wet. A high capacity RC rig was used to enable dry samples to be collected. Drill cyclone is cleaned between rod changes and after each hole to minimise cross-hole contamination. 12 Criteria Explanation Commentary 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 Samples were geologically described at the time of collection. The descriptions were of sufficient detail to support the current work. All rock chips and soil samples were described at the time of collection. Both qualitative and quantitative data is collected. All rock chips and RC chip trays were digitally photographed. Systematic geological logging was undertaken, with data collected including: • 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 for all RC drilling. 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 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. 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. RC samples were dried, crushed and pulverised to 85% passing 75 microns. This is considered to appropriately homogenise the sample to allow subsampling for the various assay techniques. Duplicates are taken for RC samples. Sample sizes are industry standard and considered appropriate. Soil samples were collect from 1015cm deep hand dug holes and sieved to -2mm before analysis. 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 Orange), were undertaken. 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. Handheld pXRF was used in the determination of soil sampling assay results. Internal laboratory checks confirm assay precision and accuracy with sufficient confidence for the current results. Certified Standards and blanks are used in RC drilling and soil sampling assaying. 13 Criteria Explanation Commentary 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 and surface sampling 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. Assay data was provided by ALS via .csv spreadsheets or downloaded from handheld Olympus Vanta pXRF and compiled by SKY Geologists. 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 SKY has used handheld GPS to locate rock chip & soil sample locations (nominal accuracy ± 5m). 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. 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 • 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 Soil sampling conducted on close spacing is based on geological knowledge of the deposit and due to the proximity of a large known Resource, hence, it has been determined to select very close space sampling to aid in best targeting of follow up work as the body of the ASX Announcement support, this has results in the success in identifying further potential mineralisation in the drilling logs provided. At this stage, drilling of the MRE area of the project has been drilled to at least approximately 80m x 80m