Sky Metals Limited has announced new assay results from its Reverse Circulation drilling program at the Tallebung Tin Project in central New South Wales. The latest drilling intercepts have revealed promising near-surface tin and silver mineralisation, with notable highlights including an intercept of 15 meters at 0.68% tin and 77.2 grams per tonne silver (with a higher-grade section of 5 meters at 1.22% tin and 219 grams per tonne silver) in one hole, along with additional intercepts featuring 20 meters at 0.41% tin and 12 meters at 0.56% tin from other drillholes. These findings indicate that the deposit remains open in all directions and has unlocked higher-grade zones within the current Mineral Resource Estimate. The program, which began in mid-April, is focused on both infilling areas of known shallow, high-grade mineralisation and expanding the deposit along its northern and eastern margins. To date, 91 holes have been completed, with assay results now available for 45 holes, and around 60 additional holes approved for drilling in the coming month. The drilling has successfully discovered substantial extensions beyond the existing resource envelope, suggesting further opportunities to enhance the project’s scale. The technical approach, including the use of Reverse Circulation drilling and routine insertion of assay standards and blanks, underlines the quality and reliability of the data being generated. The company’s Chief Executive has emphasized that these excellent results not only expand the deposit but also improve its overall grade profile. The near-surface, high-grade tin mineralisation is well suited to open pit mining with very low-cost processing, key factors that bolster the project’s potential as an ultra-low-cost source of tin supply, particularly at a time when tin currently trades at over three times the price of copper. From a market perspective, the news carries a bullish tone. The discovery of new high-grade zones and the expansion of the resource base provide encouraging technical drivers, suggesting that the project could yield rapid capital payback when mining operations commence. Positive factors include the low-cost production potential and the robust tin market fundamentals, making it an attractive prospect for investors and traders. On the other hand, potential bearish considerations stem from the inherent risks associated with early-stage exploration projects. Execution risks remain as further drilling results are awaited to fully delineate the deposit’s extensions, and uncertainties persist regarding the scale of new mineralisation zones. Nevertheless, the strong technical indicators and continued positive intercepts largely outweigh these concerns, lending an overall optimistic outlook for future developments at the Tallebung Tin Project.