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

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

July 31, 2025
  • Company
KEReport
By KEReport
KEReport

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 Fleck@kereport.com.

Click here to visit the Banyan Gold website.

KEReport
KEReport
The KE Report provides exclusive interviews with private money managers and sub $10 billion market cap companies. Interviews are published daily to help investors navigate the markets.
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