Sky Metals Limited · ASX:SKY
Sky Metals — Investor Presentation (March 2024)
22 slides from Sky Metals's investor presentation, March 2024
Slide 1: Developing Large Scale Tin Deposits in NSW – To Feed Global Electrification
DEVELOPING LARGE SCALE TIN DEPOSITS IN NSW – TO FEED GLOBAL ELECTRIFICATION MARCH 2024
Slide 2: Disclaimer
A SX: S K Y D IS C L A IM E R - IM P O R T A N T IN F O RM A TIO N 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 informatio
Slide 3: Experienced and Proven Management
AS X : SKY S K Y’ S T E A M EXPERIENCED AND PROVEN MANAGEMENT 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 461.4M companies. Past C
Slide 4: Tin: Key Technology Metal
ASX: S K Y A P P E N D IX : T IN M A R K E T TIN: KEY TECHNOLOGY METAL 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
Slide 5: Tin: The Forgotten Electrification Metal
ASX: S K Y A P P E N D IX : T IN M A R K E T TIN: THE FORGOTTEN ELECTRIFICATION METAL Inelastic tin price driven by irreplaceable demand in electronics sector 20-year 3M tin price (AUD/tonne) (source: LME).
Slide 6: Tin: The Forgotten Electrification Metal – Global Supply Disruptions
ASX: S K Y T IN M A R K E T TIN: THE FORGOTTEN ELECTRIFICATION METAL – GLOBAL SUPPLY DISRUPTIONS – Inelastic tin price – driven by irreplaceable demand in electronics sector and global electrification. – Pending Indonesia 2024 export ban – 2nd largest supplier and 20% of global tin supply. Global Ti
Slide 7: Tallebung Tin Project Major Historic Tin Operation
ASX : SKY TALLEBUNG TIN PROJECT MAJOR HISTORIC TIN OPERATION • Tin discovered in the 1890s and mined into the mid-1980s. • Small shafts and open pits mined hardrock tin veins, culminating in large scale alluvial mining production in the 1960s-70s. • Infrastructure already in place from previous mini
Slide 8: Large Historic Open Pit Alluvial Mining Operation
ASX : SKY T A L L E B U N G T IN P R O J E CT LARGE HISTORIC OPEN PIT ALLUVIAL MINING OPERATION Tallebung Tin Mining Field – Drone Photo looking North. 8
Slide 9: Tallebung Tin Project
ASX : SKY TALLEBUNG TIN PROJECT TALLEBUNG TIN PROJECT Low-Cost Mining – Shallow deposit from surface with very low strip ratio. Exceptional Ore Sorting –increases grade >5x and removes 80% of mass as waste. Low-Cost Processing – Simple gravity circuit for a saleable tin concentrate. High Payability
Slide 10: Tallebung Tin Project Large Hardrock Tin Resource
ASX : SKY TALLEBUNG TIN PROJECT LARGE HARDROCK TIN RESOURCE • Updated Jan 2024 MRE, totals: 15.6 Mt @ 0.15% Tin for 23kt of contained Tin. • New Exploration Target estimate: 23 – 32 Mt @ 0.14 – 0.17% Tin • Tin mineralisation highly amenable to 5x upgrade using TOMRA Ore Sorting – 0.15% = +0.70% Tin
Slide 11: TOMRA – Game Changer
ASX : SKY T A L L E B U N G T IN P R O J E CT Cassiterite Ore from Tallebung – Scale in mm Black Tin – cassiterite “nuggets” detected by ore sorter and accepted TOMRA – GAME CHANGER Host rock and quartz vein without tin are rejected by ore sorter • TOMRA Ore Sorting increase grade to quintuple grade
Slide 12: TOMRA – Game Changer
ASX : SKY T A L L E B U N G T IN P R O J E CT TOMRA – GAME CHANGER 12 Video Courtesy of Carlos Crowley Vazquez, BOEq and TOMRA Ore Sorting Solutions
Slide 13: TOMRA – Proven Technology
ASX : SKY T A L L E B U N G T IN P R O J E CT TOMRA – PROVEN TECHNOLOGY • Renison Tin Mine, Australia’s largest operating tin mine, uses TOMRA Ore Sorters. • TOMRA Ore Sorters commissioned 6 years ago in 2018. • Operate 24/7, year-round, sorting 1Mtpa ROM. • Sorting started with rejecting 10-15% of
Slide 14: TOMRA – Global Business
ASX : SKY T A L L E B U N G T IN P R O J E CT TOMRA – GLOBAL BUSINESS • TOMRA has installed 232 ore sorters globally into mining. • Ore sorters are used in Diamonds, Industrial Minerals and Metals – including tin. • San Rafael is one of the world’s largest tin mines and is using TOMRA XRT Ore Sortin
Slide 15: Exceptional, Consistent TOMRA Ore Sorting Results
ASX : SKY Feed: 0.15% Tin T A L L E B U N G T IN P R O J E CT EXCEPTIONAL, CONSISTENT TOMRA ORE SORTING RESULTS • TOMRA Ore Sorting first tested on drill chips: • Upgrading of 0.19% tin to 0.70% tin Rejected Accepted • +96% recovery of tin • 74% mass reduction. Waste: <0.01% Tin Upgraded Ore: +0.70%
Slide 16: Uniquely Simple Metallurgy – Low-Cost Processing
ASX : SKY T A L L E B U N G T IN P R O J E CT UNIQUELY SIMPLE METALLURGY – LOW-COST PROCESSING • Simple, conventional gravity circuit produces a desirable +60% tin concentrate for sale. • Environmentally best practice, no chemicals or water required for TOMRA Sorting. Cassiterite Ore from Tallebung
Slide 17: Shallow, High-Grade Start Up
ASX : SKY T A L L E B U N G T IN P R O J E CT SHALLOW, HIGH-GRADE START UP • 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 23
Slide 18: Large Tin System Expanding
ASX : SKY T A L L E B U N G T IN P R O J E CT LARGE TIN SYSTEM EXPANDING • Multiple areas show strong tin beyond the already large 23-32Mt Exploration Target. • Rock chips average over 2.10% Tin and untested historic working almost double the width of tin mineralisation in the north of the deposit.
Slide 19: Upcoming Program
ASX : SKY T A L L E B U N G T IN P R O J E CT UPCOMING PROGRAM MRE Growth: converting +20-30Mt Exploration Target into resources. Drill high-grade tin zones and grow Indicated Resources for Mining Studies. Bulk sampling across the deposit, growing confidence in low-cost sorting upgrade and metallurg
Slide 20: Developing Large Scale Tin Deposits in NSW – To Feed Global Electrification
DEVELOPING LARGE SCALE TIN DEPOSITS IN NSW – TO FEED GLOBAL ELECTRIFICATION
Slide 21: Narriah Project – Tin-Tungsten-Lithium
AS X: S K Y N A R R IA H P R O J E C T NARRIAH PROJECT – TIN-TUNGSTEN-LITHIUM • Six major historic workings discovered at surface, however, most of the area is undercover. • Six diamond drillholes completed to test the tin and tungsten at depth. • Strong tin and tungsten intercepted in all holes. •
Slide 22: Narriah Project – Undercover & Under-Explored
AS X: S K Y N A R R IA H P R O J E C T NARRIAH PROJECT – UNDERCOVER & UNDER-EXPLORED 22