Banyan Gold - Accelerating to 100% Ownership at AurMac and Advancing High-Grade Drill Targets

In this KE Report company update, Tara Christie, President and CEO of Banyan Gold, outlines a major strategic milestone for the company - the acceleration to 100% ownership of the AurMac Gold Project in Yukon. Key takeaway: Banyan is simplifying its ownership structure, eliminating legacy royalty entanglements, and gaining greater control over project development - all while preserving cash.   Highlights from the Interview: AurMac Ownership Deal: Banyan has entered an agreement with PricewaterhouseCoopers, receiver of Victoria Gold's assets, to acquire the remaining interest and eliminate multiple royalties and rights. • $2M cash due on closing, plus $1.6M in cash or shares within 75 days. • Expected to close by August 25th. Strategic Upside: • No further PEA requirement post-close, giving Banyan flexibility to include this year’s drilling. • Simplifies ownership and reduces legal/financial overhang for potential investors or partners. • Eliminates constraints tied to Victoria Gold, enhancing independence and optionality. Drill Program & High-Grade Focus: • Over 100 holes drilled (~20,000m) toward a 30,000m program, running through October. • High-grade zones (e.g. 16m of 9 g/t Au) are being further defined — potential game-changers for a future PEA and starter pit economics. Strong Treasury: • ~$17M in cash post-spring financing, giving flexibility without near-term need for dilution or royalty sales. Growing Interest from Majors: • Multiple site visits ongoing into September. • Infrastructure advantages and visible high-grade core make AurMac an attractive project. If you have any follow up questions for Tara please email me at [email protected]. Click here to visit the Banyan Gold website.