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Banyan Gold - Recapping the Over 8.5 Million Ounce Updated Resource Estimate, AurMac Gold Project

The KE Report May 20, 2026

Summary

Banyan Gold announced an updated resource estimate of over 8.5 million ounces for the AurMac Project, successfully defining a substantial high-grade core.

The company achieved a 90% conversion rate to the indicated category, demonstrating strong deposit continuity without sacrificing grade quality.

With $70 million in cash, Banyan is fully funded for a 70,000-meter drill program and an upcoming Preliminary Economic Assessment (PEA).