How much did Sky Metals (ASX:SKY) spend on exploration during the quarter?

Sky Metals (ASX:SKY) spent $2.9 million on exploration during the June quarter while recording no mining production or development expenditure. The company stated that its remaining $17.6 million cash balance will fund its ongoing development and approval work.

What are the next milestone timelines for Sky Metals (ASX:SKY) at Tallebung?

Sky Metals (ASX:SKY) plans to deliver a pre-feasibility study for the Tallebung project in late July following an updated mineral resource estimate. The company also entered the Environmental Impact Statement phase to progress state development approvals in New South Wales.

How is Sky Metals (ASX:SKY) restructuring its asset portfolio?

Sky Metals (ASX:SKY) agreed to option its non-core Iron Duke copper-gold project to Locksley Resources (ASX:LKY) for a total potential transaction value of $1.1 million.

What is the broader exploration strategy for Sky Metals (ASX:SKY) moving forward?

Sky Metals (ASX:SKY) plans to begin drilling at the Doradilla tin project to test an exploration target ranging from 10 million to 15 million tonnes. Sky Metals (ASX:SKY) stated that its existing cash reserves will fully support this campaign along with target generation at its Narriah project.

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Sky Metals advances Tallebung Project with $17.6M cash

Written by Jon CuthbertPublished Jul 21, 2026, 2:00 AM

Sky Metals completed over 500 drill holes at its Tallebung Project and retained $17.6 million in cash during the June quarter.
The company spent $2.9 million on exploration, while its share price fell 1.30% following the market update.
Sky Metals stated that its cash position will support upcoming pre-feasibility studies at Tallebung and planned drilling at Doradilla.

Sky Metals (ASX:SKY) completed over 500 drill holes at its Tallebung Project while finishing the June quarter with $17.6 million in cash.

The expanded drilling programme significantly scaled up geological data from 115 previous holes to support an upcoming pre-feasibility study.

Shallow, high-grade results from the campaign included an intersection of 23m at 1.14% tin from a depth of 19m.

The company also entered the environmental impact statement phase after submitting a scoping report to New South Wales regulators.

To focus resources on core sites, Sky Metals optioned its non-core Iron Duke Project to Locksley Resources (ASX:LKY) for up to $1.1 million.

Sky Metals stated that its current capital will support further exploration across its broader portfolio, including upcoming drilling at the Doradilla Tin Project.

Following the announcement, the Sky Metals share price was down at $0.076.