Skeena Resources (SKE) Corporate presentation summary

Project overview and development status

• Eskay Creek is advancing as a large-scale, high-grade gold and silver mine with a focus on cash flow and low operating costs.

• Project is 62% complete as of June 30, 2026, with major construction and process plant installation underway.

• Initial production is scheduled for Q2 2027, with commercial production expected in Q3 2027.

• Updated 43-101 report is anticipated in Q4 2026 to reflect pit wall optimization and integration of Snip.

• Project has been substantially de-risked through permitting, financing, and construction progress.

Production profile and economics

• Annual production forecast is 450,000 AuEq oz for years 1-5 and 370,000 AuEq oz for years 1-10.

• Gold grades average 5.5 gpt AuEq in years 1-5, more than triple the global open-pit average.

• All-in sustaining costs (AISC) are estimated at US$687/oz AuEq, placing the project at the bottom of the industry cost curve.

• Projected payback period is less than 8 months at spot prices, with a life-of-mine after-tax free cash flow of $11.1 billion CAD.

• NPV (5%) is $2.0 billion CAD at base case prices, with IRR up to 138% at higher price scenarios.

Infrastructure and operational advantages

• Site benefits from existing infrastructure, including all-weather road access, proximity to port, and low-cost hydropower.

• Permitted tailings facility and robust water management systems are in place.

• Mechanical installation of mill components and power infrastructure are progressing on schedule.

• Employee camp and key process plant structures are being completed in 2026.