Yukon Gold Explorer Advancing 6.2Moz Project Towards Development

• Banyan Gold is a Yukon gold explorer with a 6.2 million ounce inferred resource on surface and near infrastructure.
• In 2023, Banyan drilled 50,000 meters to upgrade the resource and 25,000 meters to connect deposits and find exploration targets. More results pending.
• Focus now on technical studies, metallurgy and project optimization to demonstrate economic viability and development potential.
• Well funded into 2024 with $7 million. Planning 2024 exploration program focused on high grade areas and new targets.
• Strategically positioning the AurMac project for potential M&A interest if gold market strengthens. Located in safe Tier 1 Yukon jurisdiction with infrastructure.

About Banyan Gold

Banyan Gold is advancing its district-scale AurMac gold project in Canada's Yukon, aiming to demonstrate its potential to become the territory's next operating mine. With 6.2 million ounces already outlined and further upside possible, Banyan is methodically conducting technical work to derisk AurMac and position it for future development.

Interview with President & CEO, Tara Christie

Executive Optimism on Achieving Key 2024 Milestones

"We put out that resource in May and then the technical report in June, 6.2 million ounces at 0.61 grams per tonne gold," summarized President and CEO Tara Christie. "We had 4 million ounces a year ago at that time. We drilled 50,000 meters through 2022 and into 2023 to come out with that 6.2 million ounce resource."

This met Banyan's goal of crossing the 5 million ounce threshold. Christie explained that showing scale and growth is crucial: "Projects under 5 million ounces probably aren't going to move forward - there's just not enough capital investment."

In addition to this milestone resource update, Banyan has maintained an aggressive 2022-2023 drill campaign:

"This year again we drilled another 25,000 meters. We put out results showing that we've connected our two primary deposits which are our Powerline Zone and the Aurex Hill Zone with the drilling that we did this year."

There are more assay results to come that will build on these achievements. Showcasing resource expansion is viewed as pivotal in improving AurMac's investment case.

Advancing Technical Studies to Optimize Potential Projects

With its exploration progress evident, Banyan has now turned attention to technical work aimed at optimizing development:

“We’ve been really focused on some of the technical work, the metallurgical work that we’re doing, digging deep into that, making sure that we’re doing full range of tests to show the optionality of this project,” Christie explained.

A full spectrum of processing options is under consideration, spanning heap leaching to full processing plants, as Banyan aims to demonstrate maximum flexibility and economics. Defining the optimal development track based on technical studies and updated resources will be a key 2024 goal.

Maintaining Financial Strength into 2024

Despite a weaker mining investment climate, Banyan has protected its balance sheet by prudently managing 2022-2023 exploration spending. With C$7 million in the treasury, the company is funded through 2024.

An exploration program for next year will be announced in early 2024. While further resource expansion is possible, Christie noted trade-offs between achieving scale and quality:

“It’s going to be based on having dug deep into what we have and making a decision on how we’re going to add the most value for our shareholders because simply drilling to add ounces might not be the right answer.”

Instead, Banyan may focus more narrowly on high-grade zones or geotechnical studies that can accelerate payback periods. These strategic decisions align to position Banyan as an attractive upside play for potential acquirers.

Tier 1 Asset in a Premier Mining District

Located in Canada's safe and productive Yukon jurisdiction near supporting infrastructure, the project offers substantial gold endowment potential and tangible progress towards feasibility studies.

With producers and explorers alike rushing to stake claims in this emerging district, Banyan Gold represents a unique opportunity to secure exposure to an increasingly rare asset class: a district-scale gold project in Tier I territory with demonstrated exploration success and a clear path towards development.

Investment Thesis for Banyan Gold

• The 6.2M oz gold resource offers the scale needed to attract major investment and development capital
• Nearby producers validate region: infrastructure in place speeds timeline and reduces capital costs
• Systematic technical work will derisk the project, reveal optimal production options, boost confidence
• Value not yet reflected in share price at an early stage; huge optionality as studies advance
• 2023-2024 work will add quality data to reinforce economic viability, expansion potential
• Opportunity to get in early on a sizable gold asset in a premier jurisdiction on the cusp of major milestones
• Exploration upside remains + M&A potential if gold sentiment improves; relative valuation disconnect

Banyan Gold presents a compelling investment opportunity for risk-tolerant gold investors. Near-term systematic project advancement paired with substantially more resource growth potential provides multiple chances to realize significant returns. Yet with just a ~$100M market cap, Banyan trades at a steep discount to the value suggested by its gold inventory and progress made. As one of few companies unlocking major new gold discoveries amenable to development, Banyan offers leveraged exposure to success in the sector.