Sky Metals Limited has confirmed a high-grade tungsten discovery at the Theirman Mines Prospect, returning surface sampling assays of up to 7.44% WO₃ and 0.09g/t Au from its 100%-owned tenure in New South Wales.

The sampling program returned significant highlights including sample AH20260709-05 at 7.44% WO₃ alongside 0.09g/t Au, and sample AH20260709-06 at 2.01% WO₃ and 0.05g/t Au. These findings validate historical rock chip sampling that reached up to 4.92% WO₃, defining a prospective strike length exceeding 500 metres across at least two mineralized trends associated with historical workings. Both trends remain open in all directions.

The prospect is located 20 kilometres north of the company’s flagship Tallebung Tin-Tungsten-Silver Project. Sky Metals holds a 100% interest in Tallebung, which is advancing through the mining approvals phase toward a targeted first production date in 2028. The company also released an updated Mineral Resource Estimate for Tallebung in July 2026 outlining 32.7 million tonnes at 0.16% tin equivalent.

“These outstanding results highlight the significant potential to grow the Tallebung Project through successful exploration across the broader Tallebung district. The high grades of Tungsten returned from both recent and previous sampling elevates the Theirman Mines Prospect as a drill-ready target with potential for a substantial tungsten-rich mineralised system only 20km north of Tallebung.”

“With a diamond drilling program nearing completion at Tallebung and an RC drilling campaign already scheduled to further expand and upgrade the Tallebung Resource, we are in a unique position to rapidly test this highly prospective target. The proximity of the Theirman Mines prospect to Tallebung provides significant operational advantages and reinforces our view that SKY is in an excellent position to explore a highly endowed tin-tungsten district with multiple opportunities for discovery and resource growth - all leveraged to the advanced Tallebung Project, which is quickly progressing through the mining approvals phase towards near-term development.” — Oliver Davies, Managing Director & CEO

The regional district has seen active exploration focus, highlighted by Caspin Resources Limited reporting high-grade tungsten and tin drill results at its nearby Bygoo Project.

Sky Metals plans to utilise existing personnel and infrastructure already mobilised in the area to test the prospect, with initial drill testing expected to commence in the coming weeks.

Read the full announcement: High-Grade Tungsten Discovery 20km North of Tallebung