Sky Metals Begins New South Wales Project Development Approval Process; Shares Up 13%
MT Newswires Live
May 06
Sky Metals (ASX:SKY) began the New South Wales State Significant Development approval process for the Tallebung project, with the submission of the scoping report, according to a Wednesday filing with the Australian bourse.
The process facilitates the advancement of key environmental, technical, and permitting workstreams, moving the project towards near-term development, the filing said.
An updated mineral resource estimate and pre-feasibility study are on track for release this quarter, per the filing.
Shares rose 13% in midday trade on Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.