Skeena Resources Limited (TSXV: SKE) (“Skeena” or the “Company”) is pleased to announce the results of a Canadian National Instrument 43-101 Preliminary Economic Assessment (“PEA”) and Mineral Resource update for the Company’s Spectrum-GJ copper-gold project (“Spectrum-GJ”) located in the Golden Triangle of northwest British Columbia.
As quoted in the press release:
Walter Coles Jr., President and CEO of Skeena commented: “There are few copper dominant projects in politically stable jurisdictions that have an initial capex of less than US$200 million, combined with a 25-year mine life and an after-tax, base case IRR of better than 20%. The after-tax net present value (using an 8% discount rate) for the Spectrum-GJ project vastly exceeds Skeena’s current market capitalization. Given that Skeena has three other projects, including the Snip mine, it is evident that the Company’s portfolio of assets is significantly undervalued.”