SCHEDULE 13G/A 0001404077 XXXXXXXX LIVE 1 Common Shares, without par value 05/28/2025 0001713748 Skeena Resources Limited 83056P715 133 Melville Street Suite 2600 Vancouver Z4 V6E 4E5 Rule 13d-1(c) Selwyn Lower Holdings (CYM) L.P. b E9 5147839 0 5147839 0 5147839 N 4.5 PN BTO Holdings Manager IV (CYM) L.L.C. b E9 5147839 0 5147839 0 5147839 N 4.5 OO BTOA IV (CYM) - NQ GP L.P. b E9 5147839 0 5147839 0 5147839 N 4.5 PN BTO GP - NQ L.L.C. b DE 5147839 0 5147839 0 5147839 N 4.5 OO Blackstone Holdings IV L.P. b Z4 5147839 0 5147839 0 5147839 N 4.5 PN Blackstone Holdings IV GP L.P. b Z4 0 5147839 0 5147839 5147839 N 4.5 PN Blackstone Holdings IV GP Management (Delaware) L.P. b DE 0 5147839 0 5147839 5147839 N 4.5 PN Blackstone Holdings IV GP Management L.L.C. b DE 0 5147839 0 5147839 5147839 N 4.5 OO Blackstone Inc. b DE 5147839 0 5147839 0 5147839 N 4.5 CO Blackstone Group Management L.L.C. b DE 5147839 0 5147839 0 5147839 N 4.5 OO Stephen A. Schwarzman b X1 5147839 0 5147839 0 5147839 N 4.5 IN Skeena Resources Limited 133 Melville Street, Suite 2600, Vancouver, British Columbia, V6E 4E5, Canada Each of the following is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." This statement is filed on behalf of: (i) Selwyn Lower Holdings (CYM) L.P. (ii) BTO Holdings Manager IV (CYM) L.L.C. (iii) BTOA IV (CYM) - NQ GP L.P. (iv) BTO GP - NQ L.L.C. (v) Blackstone Holdings IV L.P. (vi) Blackstone Holdings IV GP L.P. (vii) Blackstone Holdings IV GP Management (Delaware) L.P. (viii) Blackstone Holdings IV GP Management L.L.C. (ix) Blackstone Inc. (x) Blackstone Group Management L.L.C. (xi) Stephen A. Schwarzman Selwyn Lower Holdings (CYM) L.P. directly holds 5,147,839 Common Shares, without par value (the "Common Shares"). BTO Holdings Manager IV (CYM) L.L.C. is the manager of Selwyn Lower Holdings (CYM) L.P. BTOA IV (CYM) - NQ GP L.P. is the sole member of BTO Holdings Manager IV (CYM) L.L.C. BTO GP - NQ L.L.C. is the general partner of BTOA IV (CYM) - NQ GP L.P. Blackstone Holdings IV L.P. is the sole member of BTO GP - NQ L.L.C. Blackstone Holdings IV GP L.P. is the general partner of Blackstone Holdings IV L.P. Blackstone Holdings IV GP Management (Delaware) L.P. is the general partner of Blackstone Holdings IV GP L.P. Blackstone Holdings IV GP Management L.L.C. is the general partner of Blackstone Holdings IV GP Management (Delaware) L.P. The sole member of Blackstone Holdings IV GP Management L.L.C. is Blackstone Inc. The sole holder of the Series II preferred stock of Blackstone Inc. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman. Each such Reporting Person may be deemed to beneficially own the Common Shares (as defined below) beneficially owned by Selwyn Lower Holdings (CYM) L.P., but neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission that any Reporting Person (other than Selwyn Lower Holdings (CYM) L.P.) is the beneficial owner of the Common Shares referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Act"), or for any other purpose and each of the Reporting Persons expressly disclaims beneficial ownership of such shares. The filing of this statement should not be construed to be an admission that any member of the Reporting Persons are members of a "group" for the purposes of Sections 13(d) and 13(g) of the Act. The principal business address of each of the Reporting Persons is c/o Blackstone Inc., 345 Park Avenue, New York, NY 10154. See Item 4 of each cover page. N Calculation of the percentage of Common Shares beneficially owned is based on 114,602,405 Common Shares outstanding as of May 7, 2025, as disclosed by the Issuer in the Management Information Circular attached as Exhibit 99.2 to the Form 6-K filed by the Issuer with the Securities and Exchange Commission on May 21, 2025. As of the date hereof, Selwyn Lower Holdings (CYM) L.P. directly holds 5,147,839 Common Shares. Each of the Reporting Persons may be deemed to be the beneficial owner of the shares of Common Stock listed on such Reporting Person's cover page. As of the date hereof, Reporting Persons no longer beneficially own more than five percent of the Common Shares. This filing represents an exit filing for the Reporting Persons. See each cover page hereof for See each cover page hereof. See each cover page hereof. See each cover page hereof. See each cover page hereof. N Y Y Y Y Y N Each of the Reporting Persons hereby makes the following certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. EXHIBIT LIST Exhibit 99.1 Signature Blocks (filed herewith). Selwyn Lower Holdings (CYM) L.P. /s/ Christopher J. James 05/30/2025 BTO Holdings Manager IV (CYM) L.L.C. /s/ Christopher J. James 05/30/2025 BTOA IV (CYM) - NQ GP L.P. /s/ Christopher J. James 05/30/2025 BTO GP - NQ L.L.C. /s/ Christopher J. James 05/30/2025 Blackstone Holdings IV L.P. /s/ Victoria Portnoy 05/30/2025 Blackstone Holdings IV GP L.P. /s/ Victoria Portnoy 05/30/2025 Blackstone Holdings IV GP Management (Delaware) L.P. /s/ Victoria Portnoy 05/30/2025 Blackstone Holdings IV GP Management L.L.C. /s/ Victoria Portnoy 05/30/2025 Blackstone Inc. /s/ Victoria Portnoy 05/30/2025 Blackstone Group Management L.L.C. /s/ Victoria Portnoy 05/30/2025 Stephen A. Schwarzman /s/ Stephen A. Schwarzman 05/30/2025