TAHLTAN CENTRAL GOVERNMENT – INDUSTRY REPORT 2022
MINERAL EXPLORATION COMPANY
SKEENA RESOURCES Skeena Resources Ltd. Vancouver, BC skeenaresources.com CONTACTS GENERAL INQUIRIES
Emily Milne Engagement Coordinator 604 687 8725 engage.eskay @skeenaresources.com LEADERSHIP
Walter Coles President and CEO
PROPERTY LOCATION & ACQUISITION DATE
PROJECT ACTIVITIES IN THE 2021 SEASON
Eskay Creek Project – Located at end of the Eskay Mine Road, about 125 km south of Iskut. Option Agreement was signed in 2017 and we completed acquisition of the property from Barrick in 2020.
In 2021, Skeena completed a robust Prefeasibility Study on our flagship project, Eskay Creek. We continued camp construction on the project with site logging completed by Tahltan Forestry and the completion of a 240-bed camp. The project also entered the Environmental Assessment Process in July. At our Snip Project, Hochschild Mining PLC exercised their option to earn 60% of Skeena’s Snip Project by spending ~$100 million on the project.
Snip Project – Located by Bronson Camp and airstrip. Option agreement was signed in 2016 and we completed acquisition of the property from Barrick in 2017. This project is currently subject to an option agreement with Hochschild Mining PLC. Hochschild is now the operator and have an opportunity to acquire 60% of the project by meeting the obligations of the Option Agreement over the next two years. Both projects are located near the southern border of Tahltan Territory.
604 684 8725 info@skeenaresources.com ENVIRONMENT
Nigel Fisher Senior Regulatory Affairs Manager nfisher @skeenaresources.com
COMPANY OVERVIEW & UPDATE Any successes or challenges you’d like to share? Skeena continued to navigate how to safely complete field work during the COVID-19 pandemic. The company had no major COVID-19 outbreaks or health & safety incidents on site in 2021.
Other notable highlights in 2021 for Skeena include: •
March 2021 – $5 million investment from the TCG
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April 2021 – Skeena returned its mineral tenures for Spectrum to help create the Tenh Dẕetle Conservancy
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November 2021 – Skeena commenced trading on the New York Stock Exchange
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December 2021 – $30 million strategic investment from Franco Nevada
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460 holes and 60,307 metres drilled
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Half a million hours worked
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Tender process initiated for initial project works
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Execution plan for project construction completed
EMPLOYMENT
Freda Campbell Community Relations Manager fcampbell @skeenaresources.com
Number of employees working on your project(s)? Skeena has 78 direct employees. Approximately 17% of the direct employees at Skeena are Tahltan. Contractor employees are highly variable throughout the year with an approximate average of 150 people on site at any given time.
Where does the majority of your financing come from year to year? What’s the breakdown of who owns your company and what’s your company’s market cap? Our investors are primarily in Canada, Europe, and the United States of America. We are listed on the Toronto Stock Exchange, the New York Stock Exchange and the Frankfurt Stock Exchange. Ownership of Skeena is highly diversified across many organizations and individual: institutional investors ~55%, retail Investors ~36%, and Barrick ~9%. In 2021, the Tahltan Central Government invested C$5 Million into Skeena. Market cap as of March 4, 2022 is $976 million. 85
Above: Eskay Creek Project and Snip Project location map within Tahltan Territory. Opposite: Skeena Crew at Eskay Creek.
