Sky Metals Limited · ASX:SKY

Sky Metals — Corporate Update (March 2021)

14 slides from Sky Metals's corporate update, Mar 11, 2021

  1. Slide 1: Sky Metals Exploration Update March 2021

    SKY METALS SKY - EXPLORATION UPDATE - MARCH 202! AGGRESSIVE DRILL-FOCUSSED EXPLORATION ACROSS GOLD & COPPER-GOLD PORTFOLIO

  2. Slide 2: Disclaimer

    ASX: SKY 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

  3. Slide 3: High value opportunities in the world class Lachlan orogen

    ASX: SKY DORADILLA High value opportunities In the world class Lachlan orogen TARGET CRITERIA  Shallow, high grade, low cost Gold, Copper-Gold (& Tin) in NSW  Drill ready targets IRON DUKE  Known pedigree GALWADGERE  Proven path to development TALLEBUNG TEAM  Mine finders, developers and explor

  4. Slide 4: Capital Structure, Board & Management

    ASX: SKY CAPITAL STRUCTURE Shares on issue 304.9M Options & Performance Rights 44.2M Share price (9 March 2021) $0.16 Market capitalisation ~$49M Cash (31 December 2020) ~$7.1M Debt Nil BOARD & MANAGEMENT Norm Seckold Chairman Mark Arundell CEO NORMAN SECKOLD – Chairman MARK ARUNDELL - CEO 30+ years

  5. Slide 5: Multi drill rig program across portfolio for next six months

    ASX: SKY DORADILLA MULTI DRILL RIG PROGRAM ACROSS PORTFOLIO FOR NEXT SIX MONTHS  Shallow, large scale, McPhillamys-Style Gold & Copper-Gold gold • Cullarin Project (80% SKY - Heron JV). IRON DUKE - SKY Feb 2020: 14m @ 20.2g/t Gold from 92m - Testing multiple high-ranking targets GALWADGERE - SKY Fe

  6. Slide 6: HUME target (SKY 80%)

    ASX: SKY HUME target (SKY 80%)  SKY’s previous drilling program identified high grade gold zone intersected in HUD002 is associated with NW trending structure  Now targeting strike and depth extensions  In addition  Mineralisation identified in HUD008 open to the south  Results include  HUD002

  7. Slide 7: ASX: SKY

    Y METALS 14.3m@3.40g/t Au WLo3s 8.6m @ 1.33 g/t Au wio24 HUDO16 ‘transported cover 4m @ 1.879/tAu HUDOO7 62m @ 243g/tAu HuD002 23m @ 4.24,g/t Au WLo1s Q Som eo vee] Eel 3 [1002s |) roo — [rupees] C) iN 100% \. eee eee Becon. KEY HUDO19 @ Previous Drilling ~ Intersections pesos @ 2m @ 1.78g/tAu 4m @

  8. Slide 8: HUME target area (SKY 80%)

    ASX: SKY HUME target AREA (SKY 80%)  Hume North - McPhillamys pathfinder geochemical soil anomaly  Diamond drilling – completed – assays pending  Breadalbane Iron Mine – Gold soil anomaly, historic drillholes sampled  B1/3: 6.09m @ 1.36 g/t Au from 112.78m  B1/4: 4.57m @ 1.00 g/t Au from 81.38m

  9. Slide 9: Iron Duke (Balmain Option)

    ASX: SKY IRON DUKE (BALMAIN OPTION)  KBL drilling: 13m @ 1.56% Cu & 4.48 g/t Au from 37m  RC drilling scheduled to commence April 2021  Airborne EM – week of March 15th  Review of historic drillcore at Mines Dept - very encouraging  Multiple zones of sulphide mineralisation identified and now s

  10. Slide 10: Caledonian target (100% SKY)

    ASX: SKY CALEDONIAN target (100% sky)  Skarn related gold mineralisation  Multiple historic drill intersections indicate large mineralised gold zone with discrete high-grade zones  Robust historic soil anomaly (600 x 100m @ +0.1g/t Au)  Deepest historical drillhole 62m, most ~25m  Inadequately

  11. Slide 11: Galwadgere Project Cu-Au

    ASX: SKY GALWAGERE PROJECT Cu-Au  Option to Purchase 100% (Alkane)  Galwadgere deposit open to south, north & down dip  +800m strike length  Historical Alkane (2004) drilling from Galwadgere include:  GAL008: 47m @ 0.90% Cu & 1.58g/t Au from 122m  GAL022: 45m @ 0.83% Cu and 0.40g/t Au from 51m

  12. Slide 12: Multi drill rig exploration program with consistent newsflow into 2021

    ASX: SKY MULTI DRILL RIG EXPLORATION PROGRAM WITH consistent NEWSFLOW INTO 2021  Clear Strategy - high value NSW Gold & Copper-Gold Projects  Drilling  Cullarin  Aggressive drill focussed exploration campaign of advanced, near surface, high grade Gold & Copper-Gold targets  Hume – Diamond Drill

  13. Slide 13: References and SKY ASX announcements

    ASX: SKY CMOC 2019., China Molybdenum Company Limited, http://www.cmocinternational.com/australia/ SKY ASX ANNOUNCEMENTS Duerden, P., 2010, The McPhillamys Gold Deposit, A Significant Discovery in the Lachlan Fold Belt, 10 February 2020 – ‘Outstanding Gold Results at the Cullarin Project’ central we

  14. Slide 14: METALS

    METALS K Y 8

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