1. Exit Case: Platinum Group Metals Ltd. 

Overview:

Platinum Group Metals Ltd. (TSX: PTM) is the operator of the Waterberg Project, a bulk underground PGM deposit located in South Africa. Waterberg was discovered by Platinum Group and is being jointly developed with Implats, the Japan Oil, Gas and Metals National Corporation (JOGMEC) and Hanwa Co. Ltd.

PTM has been a part of the ‘Growth Portfolio’ since 3^rd October 2025, however, considering the recent rally in the share price of the stock, an ‘Exit’ is recommended from the stock at the last closing price of CAD 4.38, as on 8^th October 2025.

1.1 Support and Resistance Summary as provided in our last published report dated 3^rd October 2025.

Platinum Group Metals Ltd.

2. New Entry Case: Skeena Resources Limited 

Overview:  

Skeena Resources Limited (TSX: SKE) is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company's primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.

Technical Analysis: On the daily chart, SKE has seen is in a clear uptrend since late April 2025, forming higher highs and higher lows. The current price CAD 26.24 is well above the 14-day SMMA CAD 24.56, confirming bullish momentum. The RSI is neutral to bullish, showing room for further upside before reaching overbought territory (70+). The key support for stock is at CAD 22.80, while the critical resistance level is at CAD 31.40.

Considering the above mentioned factors, technical analysis, support & resistance levels, an ‘Entry’ is recommended in the ‘Growth Portfolio’ at the closing market price of CAD 26.24, as on 8^th October 2025. 

2.1 Support and Resistance Summary (as on 8^th September 2025)  

2.2 Skeena Resources Limited

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of 8^th October 2025). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.