• Pre-Feasibility Study confirms low-cost, high-margin potential
• High pre-tax IRR of 69% under base case pricing
• Capital payback in less than 17 months
• Targeting first production in mid-2028
• Significant exposure to tin, tungsten, and silver markets

SKY Metals Ltd has released the Pre-Feasibility Study (PFS) for its Tallebung Tin, Tungsten, and Silver Project in New South Wales, Australia. The study confirms the project as a low-cost, high-margin development opportunity. Based on a 3Mtpa open-cut mining project, the PFS outlines an initial 7.3-year mine life producing an average of 2,040t of tin, 31,700mtu of tungsten trioxide, and 315koz of silver per year. The project's compelling economics include a pre-tax IRR of 69% and a life-of-mine average annual EBITDA of more than A$115 million. The PFS also highlights the potential for significant upgrades to the Mineral Resource Estimate and extension of the mine life. SKY Metals is progressing towards a Final Investment Decision in 2027 with first production targeted for mid-2028.

Pre-tax IRR of 69%, Life-of-mine average annual EBITDA of more than A$115 million

SKY Metals is targeting first production in mid-2028 and is progressing towards a Final Investment Decision in 2027.