Sky Metals gains as ore sorting results show promise for low-cost processing

Sky Metals

17/09/2024 05:12

** Shares of Australia's Sky Metals  SKY.AX  rise as much as
11.8% to A$0.038, their highest levels since July 8
    ** Stock posts its biggest intraday pct gain since July 8
    ** The mineral explorer says positive ore sorting results
demonstrate potential for low-cost processing at its Tallebung
Tin Project, located in New South Wales, Australia
    ** Ore sorting - a process of separating valuable minerals
from waste based on differences in properties like colour or
density
    ** Nearly 957,000 shares change hands vs 30-day average
volume of 301,058 shares
    ** Stock down 2.8% YTD, as of 0357 GMT

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))