Tara Christie

We also have finally enough money in the bank to drill some of our greenfield exploration targets. We have almost 840 square kilometers. We've only drilled less than 2% to get our existing resource.

we've got two brand new high-grade zones that are outside the mineral resource

We have, you know, deep holes down to 350 m that hit 15 g material.

I believe Ormac will be an order of magnitude at least bigger than it is right now

We have 830 sq km.

If you look at the sensitivity chart at a 0.55 cut-off, you can see 5.2 million oz of a gram.

We had a 10% increase in grade. A 60% increase in indicated, and in the airstrip deposit, we actually had a much higher increase in grade, almost 12%

11% increase in the inferred grade

at airstrip, we actually got an additional 68% increase in inferred and a grade of 0.84.

at depth, we're seeing great potential and significant grade

Our project we have 8.6 million oz in total, 3.6 million oz of indicated and 5 million oz of inferred.

Over a 96% conversion rate from indicated from inferred to indicated, that's very high conversion rate.

this is an on-surface deposit with existing roads across it, existing power line that goes right to the hydro dam

we acquired another 450 km from a ground with various different projects, including two that are immediately adjacent to our Nitra

we did our our our resource at $3,500 gold.

This deposit at anything over 2,500 is probably going to show some good economics.

So the gold price we used and this is probably the first thing I should say we used 2050

we did it at 2050. So that's a conservative estimate because you know that there are people doing them at at higher gold prices

we've got over 65 million in the bank today, having already drilled 32,000 m this year.

Yes, we are sitting with over $70 million in the bank after just closing a a financing of $46.5 million.

we're just closing a $46.5 million financing today, which gives us $70 million in the treasury

We have over $18 million in the bank and we have no debt.

We're financed. We're in a really good position. We've got a vision through to 2027

that 6% underlying pre-existing royalty, which can be bought down to 1% for a $10 million payment, and they paid $52.2 million.

6% underlying pre-existing royalty, which can be bought down to 1% for a $10 million payment

You know, Banyan, we've got a really strong treasury because of this good gold market and the project that we're advancing. And the nice thing about that is it's allowing companies to really add plan for what they're going to do to add value. We're not worrying about money.

we are in a very strong financial position, no debt.

Franco Nevada just purchased for $52.2 $2 million and it's a 6% royalty, but it can be bought down to 1% for $10 million.

they paid $42 million for 1%. What's the implied valuation?

Yes, we are sitting with over $70 million in the bank after just closing a a financing of $46.5 million.

we're just closing a $46.5 million financing today, which gives us $70 million in the treasury

which funds us well into and through 2027.

we've got that PEA coming up in the second or the fourth quarter of 2026 and then we'll have 70,000 m of drilling between Ormac and our exciting regional targets

we'll be starting drilling again in January of 2027.

We've had six drills turning. We started in February of a 70,000 m planned program. We've already drilled 32,000 m

already almost 25,000 m into our drill program

we're going to drill 70,000 m. We've had five drills turning since February 15th

And we're on the cusp of a resource update which will be in the next few weeks before the rule symposium.

this year's drill program now upsized to 70,000 meters.

It'll give us about 40,000 meters in 2027 and it pays for that pea

We're going to upsize our drilling 70,000 meters. Um very strategically targeted between infill and advancing the project

we've got that PEA coming up in the second or the fourth quarter of 2026

we really want to deliver our PEA because I think our valuation is only going to change with a major catalyst and for people to see an NPV and an IRR of this project. So, I think that's that's going to be a real key step for us in the fourth quarter.

I think that's going to bode well for our PEA in the second quarter.

And we're going to put out in the second half of the year.

towards our PA, which will be out in the second half.

we're located in Canada's Yukon.

mining in the Yukon and then how that led to where you are today.

People have been underestimating the Yukon.

And we're currently at about a $650 million Canadian market cap.

We're in the Yukon in a tier one jurisdiction.

look at the ranges of three other Yukon companies

People have been underestimating the Yukon.

How did she become qualified to run a gold mining company in the Yukon?

The company has built a large gold resource at the ORMAC project

look at the ranges of three other Yukon companies

And a general timeline from when you start permitting is you can start construction in about four years.

By late uh September, we had that 100% earn-in um cleared up. We got a court order giving us 100% clear title.

We've got a tremendous number of baseline environmental and programs going on in conjunction with the First Nation.

with the new government there, we have a really positive atmosphere for mining.

I did go work on a gold project in Tanzania.

I didn't become the CEO of Banyan until 2016

I worked for Newmont for a while

And I think that set me up really well for taking over Banyan in 2016.

We've taken this project from discovery in 2019 to having almost 8 million oz now.

I have a a home. Um, my family has long history in Dawson of classroom mining. My daughter was born in White Horse

I've actually produced more gold aluvial than than many people have in their lifetime.

I got a bachelor's and a master's degree in geotechnical engineering and mining

But so I have over two and 2.8 million dollars of my own cash into this.

I, in particular as the CEO, have a very significant position in skin in the game with a 3 and 1/2% stake, which I purchased in the market.

we only have two deep holes in this. The majority of the deposits within 250 m of surface.

We had that one 350-m hole that we talked about that ended in 15 g material that we think looks closer to the intrusive.

we really believe that this project is going to be in that rare territory of projects that have over 5 million minable ounces.

this is an onsurface deposit with existing infrastructure

we really focused our drilling last year on you know the starter pit areas areas where we could convert waste to ore

it'll be a mill project because when you have this scale of deposit, that's the kind of deposit that a big company wants to invest in.

There's a lot of gold here uh with 93% recovery.

we're drilling higher grade 1 gram plus 11 grams uh 6 n grams you know uh 40 m of 4 g

that intersection that we had last year that high grade it showed us where we have a contact of the dyke and we're drilling up dip

Oh grade. uh lowgrade and the overhang from Victoria.

The first one is pretty clear, the legacy overhang, which we have now cleared, but which we are still dealing with the market perception that it still exists in some way.

10% of our holes are pure blue sky naked geophysical targets that uh we need to drill

Mill scenario is the most likely here, and that'll be what our PEA is.

Very strong metallurgy, 90% recoveries from both the airstrip and the power line deposit.

we're trading at $50 an oz. Many of our peers that have PEAs uh are trading at more $200 an oz or more.

Things like Banyan, we're currently still $50 US per ounce with a very large deposit.

we're sitting at about $43 US.

you know our current valuation uh about $36 $6 US per ounce.

we're under $20 per ounce in this gold market

the most recent validation which people can look to to kind of get an understanding of what the value of this project is is that royalty purchase that Franco Nevada just purchased for $52.2 $2 million

Franco Nevada just paid $52.2 million.

personal satisfaction would be that this deposit actually becomes a mine in the cycle that uh we're currently in

I own about 3.5% of which I have a cash cost of $2.8 million

we have 100% ownership of our property

a lot of them have already been sold if you look put our trading volume back to June

I am at 4% shareholder which I I'm the third CEO so I didn't get any half cent stock

Currently trading at about 150, so that puts us at about a 650 odd market cap.

And we're currently at about a $650 million Canadian market cap.

exercising options and paying the tax but not selling the shares

We've only released 20 holes this year and we've drilled 120. We'll probably have drilled 140 50 by the time the season's done.