Sky Metals Limited · ASX:SKY
Sky Metals — Investor Presentation (May 2023)
20 slides from Sky Metals's investor presentation, May 17, 2023
Slide 1: Developing Large Scale Tin Deposits in NSW to Feed Global Electrification
For personal use only DEVELOPING LARGE SCALE TIN DEPOSITS IN NSW – TO FEED GLOBAL ELECTRIFICATION MAY 2023
Slide 2: Disclaimer - Important Information
ASX: SKY DISCLAI ME R - IMPORTANT INFORMATI ON 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 a
Slide 3: SKY's Team: Experienced and Proven Management
ASX: SKY SKY’S T E AM EXPERIENCED AND PROVEN MANAGEMENT For personal use only NORMAN SECKOLD | Chairman RICHARD HILL | Non-Executive Director CAPITAL STRUCTURE 30+ years in the full-time management of natural resource 25+ years experience in the mineral resources sector as a Shares on issue 376.8M c
Slide 4: Tin: The Forgotten Electrification Metal - Global Supply Constraints
ASX: SKY TIN MARKET Visible Global Tin Stockpiles TIN: THE FORGOTTEN ELECTRIFICATION METAL For personal use only – GLOBAL SUPPLY CONSTRAINTS Inelastic tin price driven by irreplaceable demand in electronics sector and global electrification. Record low stockpiles – US strategic stockpile depleted, C
Slide 5: Bung Tin Project: Major Historic Tin Operation
ASX: SKY TALLEBUNG TIN PROJECT MAJOR HISTORIC TIN OPERATION For personal use only • Tin discovered in the 1890s and mined into the mid-1980s. • Small shafts and open pits mined hardrock tin veins until large scale alluvial mining production in the 1960s-70s. • Infrastructure already in place from pr
Slide 6: Bung Tin Project: Large Hardrock Tin Resource
ASX: SKY TALLEBUNG TIN PROJECT LARGE HARDROCK TIN RESOURCE For personal use only • Maiden MRE completed, March 2023: 10.2 Mt @ 0.18% Tin for 18kt of contained Tin. • Initial Exploration Target estimate: 16 – 21 Mt @ 0.16 – 0.20% Tin • Tin mineralisation highly amenable to 3x upgrade using TOMRA Ore
Slide 7: TOMRA - Game Changer
ASX: SKY TALLE B UN G TIN PROJECT Cassiterite Ore from Tallebung – Scale in mm TOMRA – GAME CHANGER For personal use only Black Tin – cassiterite “nuggets” detected by ore sorter and accepted Host rock and quartz vein without tin are rejected by ore sorter • TOMRA Ore Sorting more than triples grade
Slide 8: TOMRA - Proven Technology
ASX: SKY TALLE B UN G TIN PROJECT TOMRA – PROVEN TECHNOLOGY For personal use only • Renison Tin Mine, Australia’s largest operating tin mine, uses TOMRA ore sorters to increase tin grade and decrease mass for processing. • TOMRA Ore Sorters commissioned 5 years ago at Rension in 2018 and operate 24/
Slide 9: Exceptional, Consistent TOMRA Ore Sorting Results
ASX: SKY TALLE B UN G TIN PROJECT EXCEPTIONAL, CONSISTENT TOMRA ORE SORTING RESULTS For personal use only • TOMRA Ore Sorting first tested on drill chips, demonstrated: • Successful upgrading of 0.19% tin to 0.70% tin • +96% recovery of tin • 74% mass reduction. • Bulk testwork repeated these except
Slide 10: Simple Metallurgy - Low-Cost Processing
ASX: SKY TALLE B UN G TIN PROJECT SIMPLE METALLURGY – For personal use only LOW-COST PROCESSING • Simple gravity circuit produces a desirable +60% tin concentrate for sale. • With TOMRA and DMS, only a quarter of mined Cassiterite Ore from Tallebung – Scale in mm mass require downstream processing w
Slide 11: Resource Growth Potential and Shallow High-Grade Start Up
ASX: SKY TALLE B UN G TIN PROJECT RESOURCE GROWTH POTENTIAL AND For personal use only SHALLOW HIGH-GRADE START UP • Gravity anomaly coincident with tin mineralisation extends well beyond current extent of drilling. • Shallow, at surface high-grade tin zone identified for fast payback potential at co
Slide 12: Upcoming Drilling Program: Increasing Confidence
ASX: SKY TALLE B UN G TIN PROJECT UPCOMING DRILLING PROGRAM: INCREASING CONFIDENCE For personal use only • Drilling program aimed to increase Inferred Resource and potential Indicated Resource categories. • Infill drilling will target areas for highest impact and under significant historic workings.
Slide 13: Next Steps
ASX: SKY TALLE B UN G TIN PROJECT NEXT STEPS For personal use only Expand the maiden MRE and convert +20Mt Exploration Target. Drill high-grade tin zones and grow an Indicated Resource for Mine Scoping Studies. Bulk sampling across the deposit, growing confidence in low cost sorting upgrade and meta
Slide 14: Upcoming Work Program
ASX: SKY WORK PROGRA M UPCOMING WORK PROGRAM For personal use only Indicative Work Program Timeline • Assess the mining economics at FY2023 FY2024 Tallebung once Indicated Project Activities Q4 Q1 Q2 Resources have been defined. Resource Infill and Tallebung • Expand the Tallebung Resource and Exten
Slide 15: Developing Large Scale Tin Deposits in NSW to Feed Global Electrification
DEVELOPING LARGE SCALE TIN DEPOSITS IN NSW – For personal use only TO FEED GLOBAL ELECTRIFICATION
Slide 16: Appendix: Doradilla Project - Mineral Powerhouse
ASX: SKY APPE NDIX : DORADILLA PROJECT DORADILLA – 16km For personal use only MINERAL-POWERHOUSE SCHEMATIC LONG SECTION
Slide 17: Appendix: Doradilla Project - Tin and REE Potential
ASX: SKY APPE NDIX : DORADILLA PROJECT TIN AND REE POTENTIAL For personal use only • Three tin deposits previously discovered in the 1970s, namely Doradilla, Midway and 3KEL, the 16km strike of these is named the ‘DMK’ Line. • SKY has discovered REE within the tin deposits in all three deposits on t
Slide 18: Appendix: Doradilla Project - Next Steps
ASX: SKY APPE NDIX : DORADILLA PROJECT NEXT STEPS For personal use only Further assaying of previous historic drilling for REE – 100s of holes drilled for tin along the DMK Line, SKY has only assayed 46 holes for REE so far. Drilling program planned to test Midway Granite targets and to infill betwe
Slide 19: Appendix: Tin Market - The Forgotten Electrification Metal
ASX: SKY APPE NDIX : TIN MARKET TIN: THE FORGOTTEN ELECTRIFICATION METAL For personal use only Inelastic tin price driven by irreplaceable demand in electronics sector 20-year 3M tin price (AUD/tonne) (source: LME).
Slide 20: Appendix: Tin Market - Key Technology Metal
ASX: SKY APPE NDIX : TIN MARKET TIN: KEY TECHNOLOGY METAL For personal use only Supply crunch driven by 30+ year under investment & growing demand for tin primarily within EVs, Renewable Energy and all electronic goods. Demand Increase with Emerging Technologies