Banyan Gold Corp. · TSXV:BYN
Banyan Gold — Investor Presentation (October 2024)
35 slides from Banyan Gold's investor presentation, Oct 25, 2024
Slide 1: Yukon's New Gold Rush – Corporate Presentation
TSXV:BYN | OTCQB:BYAGF YUKON’S NEW GOLD RUSH Corporate Presentation October 25, 2024 1
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains forward-looking information, which is not comprised of historical facts and is based upon the Company’s current internal expectations, TSXV:BYN | OTCQB:BYAGF estimates, projections, assumptions and beliefs. Such information can generally be ident
Slide 3: AurMac: Yukon's Next Gold Mine
AURMAC: TSXV:BYN | OTCQB:BYAGF YUKON’S NEXT GOLD MINE https://youtu.be/S6jB 923Jq8Q?si=yHHHrxl gHEPhEVIB 3
Slide 4: Leading the Gold Rush to Development
LEADING THE GOLD RUSH TO TSXV:BYN | OTCQB:BYAGF DEVELOPMENT EVOLVING 25M+ OZ DISTRICT Underexplored Tombstone Gold Belt +25M JURISDICTION ADVANTAGES: AU EQ WITHIN • Existing Roads and Power \ IMMEDIATE Infrastructure DISTRICT • Established Permitting Process RECENT INVESTMENTS: • B2 Gold, Agnico-Eag
Slide 5: Top Five Reasons to Invest in Banyan
TOP FIVE 1 2 3 REASONS TO TSXV:BYN | OTCQB:BYAGF INVEST IN BANYAN TREASURY & SIZE & SCALE LEADERSHIP ACTIVE INCOME 7 Million oz. Tier 1 Status - 7.0 M+ oz. Untested Exploration Targets Experienced Team Track Record For Success Funded Through 2025 Revenue of $1M+ for 2024 Pit Constrained ~$10 CAD oz
Slide 6: Potential to Grow 10M+ oz
POTENTIAL TO GROW 10M+oz. TSXV:BYN | OTCQB:BYAGF <200m from surface LESS THAN 5% OF LAND PACKAGE HAS EXPLORATION PIT CONSTRAINED RESOURCE ESTIMATE 7 MILLION oz. @ 0.63 g/t Au February 7, 2024* Reference Ne ws Rele ase Febru ary 7, 2024, Marc Jutras, P.Eng, M.A.Sc., Gin to Consulting Inc. 0.30 g/t cu
Slide 7: 2024-2025 Value Creation
2024-2025 VALUE CREATION SCOPING STUDIES I & PRELIMINARY TSXV:BYN | OTCQB:BYAGF AurMac Project ENGINEERING 21,000 m Definition STRATEGIC ✓ Drill 21,000M II METALLURGY DRILL ✓ PEA – Dec 2025 Optimize processing PROGRAM ✓ Metallurgy ✓ Engineering/modelling EXPLORATION/ IiI ✓ Baseline Environmental STR
Slide 8: 2024 Exploration Update
2024 EXPLORATION TSXV:BYN | OTCQB:BYAGF UPDATE ➢ 21,000m Drilled to Date in 2024 4 km ➢ Three Drills on Site ➢ Targeted Drilling Planned for 2025 Assay highlights include: • AX-24-519: 138.7 m 0.52 g/t Au from surface (6.1m) • AX-24-520: 98.1m of 0.72 g/t (33.7m) • AX-24-522: 184.3m of 0.60 g/t Au f
Slide 9: Doing It Right
DOING IT RIGHT GIVING BACK STRONG COMMITMENT TO COMMUNITY TSXV:BYN | OTCQB:BYAGF AND COMMUNTY SUPPORT ENVIRONMENTAL RESPECT EXCEED INDUSTRY BEST PRACTICES Minimize roads and trails – winter work OVER Baseline Surveys – 3 years Robust Permit to May 2028 $2,250,000 Powerlines – Hydro dam FUNDED Recycl
Slide 10: Value Creation Pathway
VALUE CREATION PATHWAY INFERRED RESOURCE GROWTH AIRSTRIP POWERLINE 2017 2020 2022 2023 2024 TO DATE: -2019 903,000 oz 4 Million oz. 6 Million oz. 7 Million oz. ✓ >120,000 m Au at 0.54 Resource Resource Resource Option 10 M+ oz. Potential Drilled AurMac $2/ oz Au Metallurgy ✓ 58 oz Au/m Test Explorat
Slide 11: Capitalization
CAPITAL Current Price $0.22 52 Week High/Low $0.38/0.15 CAPITALIZATION STRUCTURE Shares Outstanding 328.8 M Market Capitalization ~ $70 M MARKET (Basic) TSXV:BYN | OTCQB:BYAGF SHAREHOLDER OWNERSHIP Fully Diluted 354.1 M Cash (June 22, 2024) $18 M Options Outstanding 25.3 M Warrants 0 4% 2.7% 11% REV
Slide 12: Financings
FINANCINGS TSXV:BYN | OTCQB:BYAGF June 2024 June 2022 $14.3 M $17 M ➢ $8.8 M Charity at 0.38 ➢ $16.2 M Charity at $0.63 Richard Gray Don Blyth ➢ $5.0 M FT at 0.34 ➢ $5.3 M FT at $0.55 Cormark Paradigm ➢ $500K at 0.27 ➢ $8.6 M at $0.45 Price target $0.50 Price Target $ 0.85 December 2022 July/August
Slide 13: Leadership – Record of Value Creation
LEADERSHIP – RECORD OF VALUE CREATION MANAGEMENT BOARD & ADVISORS TSXV:BYN | OTCQB:BYAGF Marc Steve Hayley David Henry Jason Brad Tara Christie David Rutt Jasmine Kai James Blythe Burleton Halsall-Whitney Reid Marsden Neal Thrall MASc., P.Eng. CMA, CPA Sangria Woloshyn Thom P.Eng. MBA, CFA MASc., MB
Slide 14: Powerline Deposit Idealized Section
Idealized Section: 7,083,100N (Looking North) HIGH GRADE MATERIAL AT SURFACE 1000m TSXV:BYN | OTCQB:BYAGF 900m 800m 700m 600m 500m 400m GROWTH AND Assays and Mineralized Domains Geologic Model GRADE POTENTIAL Au (g/t) <0.1 0.1 - 0.2 Overburden Mineralized Domains BanyanGold - POWERLINE 0.2 - 0.4 Aur
Slide 15: High Grade Sensitivity Tables
HIGH GRADE SENSITIVITY TABLES SHOW DEPOSITS ALL HAVE HIGHER GRADE AT HIGHER CUT OFFS TSXV:BYN | OTCQB:BYAGF Pit-Constrained Inferred Mineral Resources Pit-Constrained Inferred Mineral Resources Airstrip Deposit Powerline Deposit Au Cut-Off Tonnage Average Au Grade Au Content Au Cut-Off Tonnage Avera
Slide 16: Metallurgy – Conventional Flow Sheets
METALLURGY – CONVENTIONAL FLOW MILL FLOW ROBUST RECOVERIES TSXV:BYN | OTCQB:BYAGF SHEETS ▪ Environmental - Low sulphide 93% Gold concentration and excess Recovery 93% buffering capacity indicates Powerline is non-acid generating for the Carbon in Leach (“CIL”)/Carbon ▪ Low cyanide consumption - At i
Slide 17: AurMac Permit Advantage
AURMAC AurMac Advantage: PERMIT ADVANTAGE TSXV:BYN | OTCQB:BYAGF ✓ Existing Roads and Access YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 ✓ No Key wildlife Areas PEA/FS ✓ Existing Hydroelectric Power - ESG Important for major miners Baseline Studies ✓ Existing baseline Environmental data YESAB ✓ 15+ Years
Slide 18: Gold Explorers – Cost per Ounce
GOLD EXPLORERS - COST PER OUNCE $10 $103 $295 $89 $150 $240 $240 TSXV:BYN | OTCQB:BYAGF $700.00 Bought by Kinross Merged with G-Mining Bought by Goldcorp Bought by Gold Fields March 10, 2020 April 22, 2024 May 12, 2016 4th Quarter, 2024 Gold $1693.00 USD Gold $2428.00 USD Gold 1,277.00 USD Gold $250
Slide 19: AurMac vs. Select Gold Projects in North America
Eag le + Banyan AurMac 7.0 Eagle 5.4 Raven 1.1 Hyland 0.5 14.0 Troilus (Tr oilus) Ea gle & Rave n 1.8 11.1 Tower (STLLR) 8.3 4.5 12.9 12.8 Este lle (No va ) 6.5 3.4 9.9 Stibnite (Perp etu a) 1.6 6.4 8.1 Vall ey (Sn owl ine) 4.1 3.3 Converse (Wa ter ton ) 0.6 6.6 7.3 7.2 Aur Mac (Banyan ) 7.0 7.0 Dup
Slide 20: Exploration Upside – Nitra Project
EXPLORATION • 227 sq km • ROAD ACCESSIBLE UPSIDE • KNOWN INTRUSIONS TSXV:BYN | OTCQB:BYAGF Ross AT SURFACE 594 oz. • 6+ ACTIVE PLACER NITRA PROJECT MINES Seattle 100% OWNED Morrison 122 oz. 668 oz. HIGH PRIORITY TARGET NITRA AREAS IDENTIFIED Johnson Placer Mining 7867 oz. Gold Dome Lidar/Structural
Slide 21: Hyland Gold Project
HYLAND GOLD MULTI-MILLION PROJECT OUNCE TSXV:BYN | OTCQB:BYAGF POTENTIAL 2018 RESOURCE 236,000 AuEq ounces indicated ✓ Main Zone Resource (8.6 Mt @ 0.85 g/t AuEq +) (0.5 km2 area) 288,000 AuEq ounces inferred ✓ Open in all directions (0.8 Mt @ 0.83 g/t AuEq) and at depth at a 0.3 g/t AuEq cut-off (N
Slide 22: Why Banyan, Why Now
WHY BANYAN TSXV:BYN | OTCQB:BYAGF WHY NOW Positioned for $2500+ Gold price VALUE CREATION DEMONSTRATED HISTORIC MINING ADVANCING TOWARDS STRATEGY ECONOMIES OF SCALE DISTRICT DEVELOPMENT LACK OF PROJECTS +7M OZ Compelling Current Valuation Permitted hard rock Au/Ag Focus: Metallurgy & Technical Tier
Slide 23: Appendix
TSXV:BYN | OTCQB:BYAGF APPENDIX 23
Slide 24: Metallurgy Comparables
METALLURGY COMPARABLES Throughput Grade Intensive Heap Company Mine Location % Recovery Flotation CIP/CIL Gravity (tpd) (g/t) Cyanidation Leach TSXV:BYN | OTCQB:BYAGF Operating Mines Evolution Mining Mt. Rawdon Australia 9,589 0.61 86% No Yes Yes Yes No Newmont Merian Suriname 32,877 1.16 93% No Yes
Slide 25: Gold Price Setting Up for M&A Environment & New Mine Builds
GOLD PRICE SETTING UP FOR M&A ENVIRONMENT & NEW MINE TSXV:BYN | OTCQB:BYAGF BUILDS ▪ World Gold Production: 23 Million oz. by 21 major producers ▪ Most major mining companies use $1800-$1900/ gold price in budgeting ▪ $700-$800 margin over AISC ▪ Result could be >$9B US in cash for the major gold pr
Slide 26: Gold Exploration – Why Invest in Yukon
GOLD EXPLORATION – WHY INVEST IN YUKON Why Exploration companies with advancement potential matter more TSXV:BYN | OTCQB:BYAGF than ever: ➢ Lack of district scale gold exploration assets in safe jurisdictions ➢ Efficiency of discovery has significantly declined internationally over the last decade -
Slide 27: Gold Exploration – Investor Checklist
GOLD EXPLORATION - INVESTOR CHECKLIST ✓ Insider Ownership *Skin In The Game* 2023 CANADA 200 GOLD PRODUCTION TSXV:BYN | OTCQB:BYAGF ✓ Corporate & Institutional Ownership ✓ Treasury ✓ Management Track Record ✓ Research Coverage TONNES ✓ Strong Community Partnerships ✓ Safe Jurisdiction ✓ Sustainable
Slide 28: AurMac Proximal to Intrusion
Modified From Hart, Craig, 2005 TSXV:BYN | OTCQB:BYAGF AURMAC PROXIMAL TO INTRUSION 28
Slide 29: AurMac Property – Underlying Options
AURMAC PROPERTY – UNDERLYING OPTIONS BYN CURRENTLY OWNS 75% TO EARN 100%: McQUESTEN ▪ By December 2025 pay Victoria $2 M in cash or AUREX PROPERTY shares and deliver a PEA PROPERTY TSXV:BYN | OTCQB:BYAGF ▪ Grant a 6% NSR which can be reduced to 1% on (55 claims-Airstrip) Au and 3% on Ag for $7M (433
Slide 30: Eagle Plains Resources / B. Kreft Royalties
EAGLE PLAINS RESOURCES / B. KREFT ROYALTIES EAGLE PLAINS TSXV:BYN | OTCQB:BYAGF • 0.5% to 2 % • 1% on a portion of Powerline, which contains the substation B.KREFT • 2% on select claims, purchasable for $2M AIRSTRIP • unlikely to be the primary mining target 30 30
Slide 31: Conceptual Process Flowsheet – CIP/CIL
CONCEPTUAL ORE DUMP PROCESS TSXV:BYN | OTCQB:BYAGF CRUSHING FLOWSHEET 1 OR 2 DUMP CONVENTIONAL TAILS RETORT FURNACE CIP/CIL GRINDING SAG/BALL MILL CON INTENSIVE CYAN ID IZATION GRAVITY RECOVERY ELECTROWINNING ➢ Conventional flowsheet PREG SOLUTION with numerous industry LOADED CARBON ACID examples C
Slide 32: Conceptual Process Flowsheet – Gravity/Flotation
*1 1% OF FEED, 15% OF GOLD CONCEPTUAL PROCESS ORE DUMP *2 3 - 4% OF FEED, 75% OF GOLD TSXV:BYN | OTCQB:BYAGF *3 4 – 5% OF FEED FLOWSHEET CRUSHING 1 OR 2 DUMP *4 84 – 88% OF OVERALL GOLD RECOVERY TAILS GRAVITY/FLOAT/ RETORT FURNACE CYANIDATION *1 GRAVITY GRINDING RECOVERY SAG/BALL MILL ELECTROWINNING
Slide 33: Conceptual Process Flowsheet – Heap Leach
CONCEPTUAL PROCESS FLOWSHEET HEAP LEACH TSXV:BYN | OTCQB:BYAGF ➢ Conventional flowsheet with numerous industry examples ➢ Powerline gold %Recovery ~ 64- 72% (based on bottle rolls, columns and VAT performance) 33 33
Slide 34: Gold Visible
TSXV:BYN | OTCQB:BYAGF GOLD VISIBLE 34
Slide 35: Tara Christie, President & CEO
Tara Christie President & CEO TSXV:BYN | OTCQB:BYAGF tchristie@banyangold.com T: (888) 629-0444 EMAIL: info@banyangold.com WEBSITE: www.BanyanGold.com 35