Banyan Gold is advancing the AurMac Gold Project in Yukon, one of Canada’s largest undeveloped gold resources, with nearly eight million ounces defined to date. The project combines scale, strong infrastructure, and expansion potential across a large, underexplored district. With a fully funded 2026 drill program underway and key studies on the horizon, Banyan is positioned for advancement. In a strengthening gold market, AurMac is emerging as a rare, district-scale asset with both near-term catalysts and long-term strategic value.
1. Project Overview
AurMac is a large, near-surface gold project in Yukon with two main deposits, Airstrip and Powerline. It’s significant because of its size, straightforward geology, and access to roads and power — all of which make it easier to develop compared to many remote projects.
2. The Scale Question
The real opportunity at AurMac is its scale. AurMac’s strength lies in its ability to deliver both scale and continuity, with grades that support bulk-tonnage development. The focus is on building a large, mineable system with long life potential, where incremental improvements in grade and efficiency can have a meaningful impact at scale. At that size, even modest improvements in grade or efficiency can have a big impact on overall value.
3. Current Program
This year’s drill program is about both growing the resource and upgrading the current resource through by converting “waste” rock to resources and improving the strip ratio. Investors should see it as advancing the project toward development while still leaving room for new discoveries along the way.
4. Core Deposits and District Upside
Airstrip and Powerline are already large and continue to grow, while the broader land package offers multiple opportunities for new discoveries. The strategy is to continue growing the core while systematically advancing district targets that could further enhance overall project scale – giving the project additional upside beyond what’s already defined.
5. Infrastructure and Jurisdiction
Infrastructure and jurisdiction are critical advantages for AurMac. Road access, proximity to power, and Yukon’s established mining framework significantly reduce development risk and timelines, while strong community relationships support long-term project viability.
6. Capital, Credibility and Market Positioning
In today’s market, investors are looking for large, buildable projects in safe jurisdictions. Banyan checks those boxes, with a strong treasury, steady progress, and a clear plan to move AurMac forward — which helps build confidence in the story.
7. Milestones to Watch
Key things to watch are ongoing drill results, an updated resource estimate, and a maiden PEA expected in the second half of 2026. These will give a clearer picture of the project’s size and potential economics.
Wider Portfolio
Beyond AurMac, Banyan’s broader Yukon land package provides additional exploration optionality and long-term pipeline potential. While AurMac remains the clear priority, the Hyland Project and Nitra offer future opportunities to unlock value over time.
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