Skeena Resources Limited is a Canadian mining exploration and development company focused on revitalizing the past-producing Eskay Creek gold-silver mine located in Tahltan Territory in the Golden Triangle of northwest British Columbia, Canada. The Company released a Prefeasibility Study for Eskay Creek in July 2021 which highlights an open-pit average grade of 4.57 g/t AuEq, an after-tax NPV5% of C$1.4B, 56% IRR, and a 1.4-year payback at US$1,550/oz Au. Skeena is currently completing both infill and exploration drilling to advance Eskay Creek to a full Feasibility Study in 2022.
Deutsche Balaton – 14.5%
Blackrock – 12.5%
Management Ownership – ~9% (diluted)
Kelly Earle – Senior Vice President, Corporate Development
Ms. Earle is an Investor Relations professional and a geologist. Ms. Earle spent several years in the field prior to making the transition into the corporate side of the industry. She received her Bachelor of Science in Geology from the University of British Columbia and her Certified Professional Investor Relations designation from the Ivey School of Business at Western University. She is a founding member of the British Columbia Regional Mining Alliance (BCRMA), a regional partnership between Aboriginal groups, industry and provincial government representatives to promote mining investment in the Golden Triangle of northwest BC and the Founding Industry Advisory Board Chair for CASERM (Center for Advanced Subsurface Earth Resource Models), a new I/UCRC (Industry-University Cooperative Research Center) between the Colorado School of Mines and Virginia Tech, backed by the National Science Foundation.
To raise investor awareness of Skeena’s high-grade, open-pit Eskay Creek project in northwest British Columbia, Canada.
July 2022 – Skeena Welcomes Nalaine Morin as New Vice President of Sustainability
June 2022 – Groundbreaking Agreement Between Province and Tahltan Central Government Provides Further Certainty for Eskay Creek
June 2022 – Skeena Completes Acquisition of QuestEx and Concurrent Sale of Assets to Newmont
March 2022 – Skeena Announces 21A West Zone Expansion Discovery at Eskay Creek
February 2022 – Skeena Welcomes Randy Reichert as President
January 2022 – Skeena Discovers New 23 Zone at Eskay Creek
Continuation of a fully funded, 60,000 metre exploration drilling program at Eskay Creek
Eskay Creek Feasibility Study
Continued exploration drilling at Eskay Creek
Drill results from Eskay Creek
Ongoing drill results from Eskay Creek
British Columbia is viewed by some as a complicated mining jurisdiction due to relationships with the government and First Nations. In response to these concerns, the British Columbia Regional Mining Alliance (BCRMA) was formed. Skeena is a founding member of the BCRMA, a regional partnership between the government of British Columbia, First Nation and industry. This unique collaboration aims to promote BC mining and exploration opportunities internationally, with a focus on projects in the Golden Triangle of northwest BC.
Eskay Creek is a world-class asset and classified as one of the highest-grade, open-pit gold-silver mines in the world. The project contains open-pit reserves of 3.88 million ounces at 4.57 g/t gold equivalent in the Proven and Probable categories. In addition, there is still significant exploration potential on the project. In 2021, Skeena scratched the surface of that potential, discovering two new mineralized zones! The company has commenced a fully funded, 60,000 metre exploration drilling program planned at Eskay Creek in 2022 to follow-up on the recent exploration success.
Given the robust project economics, exploration upside potential and high-grade at Eskay Creek, Skeena is largely undervalued.
1. Eskay Creek is a high-grade, open-pit asset in a stable geo-political region. Eskay Creek contains 3.88 million ounces of open-pit reserves at 4.57 g/t AuEq in the Golden Triangle of British Columbia, Canada.
2. Skeena has an excellent relationship with government and First Nation partners. The company is a founding member of the B.C. Regional Mining Alliance – an alliance between government, First Nations and industry to promote mining investment in the Golden Triangle.
3. Skeena is aggressively advancing Eskay Creek towards production. In 2022, Skeena plans to release a full Feasibility Study.