Sky Metals Limited · ASX:SKY
Sky Metals — Investor Presentation (September 2025)
22 slides from Sky Metals's investor presentation, Sep 17, 2025
Slide 1: Moving to the Next Level: The Tallebung Tin Project, NSW
MOVING TO THE NEXT LEVEL THE TALLEBUNG TIN PROJECT, NSW A LARGE AND GROWING RESOURCE, IDEALLY MATCHED “WITH A MODERN TECHNOLOGY ADVANTAGE fag Ve aR ae rome 2025 | OLIVER DAVIES, MANAGING DIRECTOR AND CEO & A
Slide 2: Disclaimer
Disclaimer Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward looking information, including risks associated with investments in private and publi
Slide 3: Cornerstone Asset, Quality Team, Near-Term Growth
For personal use only CORNERSTONE ASSET QUALITY TEAM NEAR-TERM GROWTH Flagship Tallebung Tin Project in NSW - Highly regarded board & leadership Upsized 15,000m drill program well advanced brownfields asset with substantial JORC team with exceptional track record, led targeting resource growth & upg
Slide 4: Capital Structure
For personal use only CAPITAL STRUCTURE 30+ years in the full-time management of natural 25+ years experience in the mineral resources sector as a resource companies. Past Chairman and Director geologist and solicitor. Mr. Hill has a successful track record Shares on issue 814.6M of listed companies
Slide 5: Structural tin demand growth and supply crunch
For personal use only Fundamental structural demand growth – triggering a supply crunch after Increase in tin demand 30+ years of under- investment Tin Price Tin is vital for EVs, Renewable Energy, AI and all electronics New solar PV tech increases tin use – tin replacing lead and indium in cells So
Slide 6: Tin supply disruption and inelastic price
For personal use only • Inelastic tin price – strong demand underpinned by tin’s irreplaceable role in electronics, increasing demand with AI and EVs • Over 5% of world tin production out when Alphamin’s Bisie tin mine shut in DRC • Heavily disrupted Indonesian tin production decreased by 33% in 202
Slide 7: Major Historic Tin Operation: Tallebung Tin Project
MAJOR HISTORIC TIN OPERATION TALLEBUNG TIN PROJECT For personal use only • Tin discovered in the 1890s and mined into the mid-1980s • Small shafts and open pits mined hard rock tin veins, culminating in large scale alluvial mining production in the 1960s-70s • Infrastructure already in place from pr
Slide 8: Low-cost mining and processing proposition
Tallebung Tin Mine – Drone Photo looking East down For personal use only the Central Lead Open Pit. • Low-Cost Mining Proposition – Shallow deposit at surface, very low strip ratio and growing with every new drill-hole • Exceptional Upgrade – Ore sorting ideally suited to the deposit – increases gra
Slide 9: New shallow high-grade tin and silver intercepts
• New intercepts show potential for shallow, higher-grade For personal use only tin and silver outside the existing MRE • Three main shallow target areas for Resource growth: • Southern extensions where TBRC078 intercepted: 11m @ 1.02% Sn & 77.9g/t Ag from 64m • New south-eastern silver discovery in
Slide 10: Mineral Resource Estimate and Exploration Target
For personal use only • Recent higher-grade expansion not included in the existing MRE or Exploration Target estimates • Jan 2024 MRE, Inferred and Indicated, totalling: 15.6 Mt @ 0.15% Tin for 23kt of contained Tin1 • Exploration Target estimated concurrently: 23 – 32 Mt @ 0.14 – 0.17% Tin1,2 • Tin
Slide 11: Ore sorting ideally matched to Tallebung tin
Cassiterite from Tallebung – For personal use only Scale in mm • Tallebung tin deposit is ideally matched to ore sorting technology Dense tin – cassiterite “nuggets” detected • Conservative, Stage 1 bulk TOMRA Ore by ore sorter and accepted Sorting testwork demonstrated increases in Host rock and qu
Slide 12: 75t bulk sample ore sorting results
For personal use only • Extremely effective sorting of Tallebung Tin achieved as Tin is ideally present as large, discrete ‘chunks’, easily classified by the TOMRA XRT ore sorter • 75t bulk sample testwork on full-scale ore sorters demonstrate: – Stage 1 Sorting: Tin upgraded from 0.17% Sn to 2.32%
Slide 13: For personal use only
For personal use only ASX: SKY 13
Slide 14: Progressing Work Program: Trenching and Bulk Sampling
PROGRESSING WORK PROGRAM: TRENCHING AND BULK SAMPLING For personal use only • Six trenches completed with all intercepting tin mineralisation at surface • Four sites selected and bulk samples taken of 10- 20 tonnes each for bulk metallurgical testwork • Metallurgical testwork includes full-scale TOM
Slide 15: Shallow high-grade tin zone
For personal use only • Shallow, at surface high-grade tin zone identified for fast payback potential at commencement of mining • Results within the high-grade zone include: TBD002: 60.2m @ 0.54% Tin from 12.8m TBD003: 60.55m @ 0.36% Tin from 23m Plan View Aerial Image of the Tallebung Project ASX:
Slide 16: Next steps: drill-out, updated MRE and mining studies
For personal use only Large-scale, multi-rig drill out ongoing to expand MRE, increase resource confidence and grow higher-grade discoveries with completion scheduled in the coming months Release updated MRE with addition of higher-grade discoveries, in-fill drilling and bulk sampling data Incorpora
Slide 17: Environmental baseline program
For personal use only • Groundwater Monitoring Bores – Over 18 months of 2 years required monitoring now completed • Geochemical Characterisation – Initial work within the deposit completed to characterise waste Bore Cap management, weathering only variable; Weather station Progressing to kinetic co
Slide 18: For personal use only
For personal use only ASX: SKY 18
Slide 19: Doradilla Tin Project and Exploration Target
• Large-scale Tin Project in north-western NSW For personal use only • Recent metallurgical breakthrough shows ~78% of tin is recoverable into a saleable concentrate • Initial Exploration Target for 2.5km strike1,2: Exploration Tonnage Range Grade Range Contained Metal Target Mt Tin (%) Tin (t) Tota
Slide 20: Appendix
For personal use only
Slide 21: Appendix 1: Tallebung MRE and Exploration Target
For personal use only Details on the MRE and Exploration Target for Tallebung can be found in SKY ASX Table 1 – Tallebung MRE showing total tonnage, grade and contained metals at a 0.08% Tin cut-off grade. NB: Announcement 23 January 2024, available at skymetals.com.au. WO3 refers to the Tungsten re
Slide 22: Appendix 2: Doradilla Exploration Target
For personal use only Details on the Doradilla Exploration Target can be found in SKY ASX Announcement 14 July 2025, available at skymetals.com.au. Table 3: Doradilla Tin Deposit: Initial Exploration Target for 2.5km of the total 7.5km strike Exploration Target Exploration Target Tonnage Range Grade