6-K
Skeena Resources Ltd (SKE)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of September 2022
SKEENA RESOURCES LIMITED
(Translation of Registrant's Name into English)
| 001-40961 | |
|---|---|
| (Commission File Number) | |
| 1021 West Hastings Street, Suite 650, Vancouver, British Columbia, V6E 0C3, Canada | |
| (Address of Principal Executive Offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ¨ Form 40-F þ
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Exhibit 99.1 to this report, furnished on Form 6-K, is furnished, not filed, and will not be incorporated by reference into any registration statement filed by the registrant under the Securities Act of 1933, as amended.
EXHIBIT INDEX
| 99.1 | Material Change Report |
|---|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: September 13, 2022
| SKEENA RESOURCES LIMITED | |
|---|---|
| By: | /s/ Andrew MacRitchie |
| Andrew MacRitchie | |
| Chief Financial Officer |
Exhibit 99.1
Form 51-102F3
Material Change Report
| Item 1. | Name and Address of Company |
|---|
Skeena Resources Limited (the “Company” or “Skeena”)
Suite 650 – 1021 West Hastings St.
Vancouver, BC V6E 0C3
Telephone: (604) 684-8725
| Item 2. | Date of Material Change |
|---|
September 8, 2022.
| Item 3. | News Release |
|---|
The news release announcing the material change was issued at Vancouver, British Columbia on September 8, 2022 and was disseminated via Accesswire and was filed on SEDAR.
| Item 4. | Summary of Material Change |
|---|
On September 8, 2022, Skeena announced the results of a Feasibility Study (“FS”) for the Eskay Creek gold-silver project (“Eskay Creek” or the "Project") located in the Golden Triangle of British Columbia. The FS highlighted a high-grade open-pit averaging 3.87 g/t gold equivalent and an after-tax net present value (5%) of C$1.41 billion at a base case of US$1,700 gold and US$19 silver.
| Item 5. | Full Description of Material Change |
|---|
On September 8, 2022, the Company announced the results of the FS completed by Ausenco Engineering Canada Inc., supported by SRK Consulting (Canada), and AGP Mining Consultants, for Eskay Creek.
Eskay Creek 2022 FS Highlights:
| · | After-tax net present value (“NPV”) (5%) of C$1.41 billion at a base case of US$1,700 gold<br>and US$19 silver |
|---|---|
| · | After-tax internal rate of return (“IRR”) of 50.2% and an after-tax payback on pre-production<br>capital expenditures of 1 year |
| --- | --- |
| · | Open-pit averaging 3.87 g/t gold equivalent (“AuEq”) (2.99 g/t gold and 79 g/t silver) (diluted)<br>with a strip ratio of 7.5:1 |
| --- | --- |
| · | Years 1 - 5 average annual production of 431,000 AuEq ounces |
| --- | --- |
| · | Life of mine (“LOM”) production of 3.2 million AuEq ounces from 2.4 million ounces of gold<br>and 66.7 million ounces of silver |
| --- | --- |
| · | Estimated pre-production capital expenditures (“CAPEX”) of C$592 million, yielding an after-tax<br>NPV:CAPEX ratio of 2.4:1 |
| --- | --- |
| · | LOM all-in sustaining cost (“AISC”) of US$652/oz AuEq recovered in concentrate |
| --- | --- |
| · | Proven and Probable open-pit mineral Reserves of 29.9 million tonnes containing 2.87 million ounces gold<br>and 75.5 million ounces silver (combined 3.85 million AuEq oz) |
| --- | --- |
| · | A carbon intensity of 0.20 t CO2e/oz AuEq produced |
| --- | --- |
Further details are available in the news release, published on Skeena’s website.
The full report underpinning the FS will be filed within the required timeline.
| Item 6. | Reliance on subsection 7.1(2) of National Instrument 51-102 |
|---|
Not Applicable.
| Item 7. | Omitted Information |
|---|
Not Applicable.
| Item 8. | Executive Officer |
|---|
Andrew MacRitchie, CFO, Tel No: 604-684-8725
| Item 9. | Date of Report |
|---|
Dated at Vancouver, BC, this 9^th^ day of September 2022.