Interview with Tara Christie, President & CEO of Banyan Gold Corp.

Our previous interview: https://www.cruxinvestor.com/posts/banyan-gold-byn-4moz-au-in-yukon-restated-resource-mid-yr-drilling-3035

Recording date: 23rd December 2023

Advancing a Multi-Million Ounce Gold Project Towards Near-Term Production

Banyan Gold is methodically building the investment case for its AurMac project in Canada’s prolific Yukon territory. With an existing inferred resource of 6.2 million ounces of gold, AurMac offers coveted scale in a premier mining jurisdiction. Banyan is conducting systematic exploration and technical studies that could fast-track this sizable asset into Banyan’s targeted development window of 2026-2028.

In 2022, Banyan achieved a key milestone in substantially growing the AurMac resource. An aggressive 50,000 meter drill program more than met expectations by elevating the project over 6 million ounces of gold. Demonstrating resource expansion at economic grades was viewed as pivotal in elevating Banyan's investment credentials.

Banyan subsequently connected the project’s two primary gold zones through another 25,000 meters of focused exploration drilling in 2023. Assay results are still pending, offering significant potential share price catalysts as ongoing discoveries are revealed.

With resource expansion established, Banyan has turned attention to equally important economic and technical studies aimed at optimizing conceptual development plans. Metallurgical test work is analyzing upside scenarios spanning simpler heap leaching through to full processing plants. Banyan’s goal is to provide maximum flexibility for the lowest costs, tailoring project design to prevailing gold prices at development. Ongoing studies will feed into a preliminary economic assessment.

Well financed with approximately C$7 million, Banyan is fully funded through 2024. This will support additional targeted exploration focused on expanding high-grade zones. However, the priority is on quality growth rather than quantity, as delivering “smart ounces” with superior economics should translate into major share price gains. Advancing closer to production is seen as the optimal near-term strategy.

Located near supporting infrastructure with an existing heap leach mine next door, AurMac benefits tremendously from its Tier I Yukon address. Banyan can leverage local mining knowledge while positioning itself to meet rising M&A interest in a premier North American gold belt. With systematic de-risking now accelerating towards feasibility, Banyan offers substantial leverage at today’s valuations.

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View Banyan Gold's company profile: https://www.cruxinvestor.com/companies/banyan-gold-inc

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