HIGHLIGHTS Firm commitments received for a placement to raise A$13.5 million Proceeds to be primarily used to accelerate exploration at the Company's Glenburgh and Mt Egerton Gold Projects in Western Australia Spartan Resources participating in the placement for ~A$2 million to maintain their 14.9% shareholding Benz Mining Corp. is pleased to announce that it has received firm commitments for a placement of 33,750,750 new [...]
New High-Grade Gold Discovery: Benz initial results from maiden drilling at the Zone 126 target at the Glenburgh Gold Project have revealed a significant new high-grade gold lens approximately 80m down-plunge from previously interpreted gold mineralisation. Significant intercepts include: 11m at 19.9g/t gold from 274m 5m at 10.2g/t gold from 222m and 7m at 3.5g/t gold from 233m 4m at 12.2g/t gold from 319m 8m at 5.6g/t [...]
Benz has exercised the option to acquire highly prospective tenements adjacent to the Glenburgh Gold Project, increasing the total project tenure to ~898km2. Exercising the option has secured over ~20km of potential strike extension to the known mineralisation at the Glenburgh Gold Project. Regional geological interpretation suggests similar lithologies that host the Glenburgh Gold Project continue into the new ground [...]
Maiden drill program set to commence at the 100% owned Glenburgh Gold Project, with drill rig mobilisation underway and drilling scheduled to start end of this week with highly regarded drilling contractor, TopDrill. Drilling to target high-grade extensions at Zone 126 and Apollo following up hits including:1 8m @ 11.6g/t Au from 187m - VRC1076 28m @ 5g/t Au from 156m - VRC0580 24m @ 9.1g/t Au from 127m - VRC0535 14m [...]
HIGHLIGHTS Completion of the Share Purchase Agreement with Spartan Resources Limited to acquire 100% of the Glenburgh Gold Project and the Mt Egerton Gold Project by purchasing 100% of the issued share capital in Gascoyne Resources Pty Ltd and Egerton Exploration Pty Ltd as announced by Benz on 6 November 2024 Spartan becomes a strategic cornerstone shareholder, owning approximately 15% of Benz, and will provide ongoing [...]
Benz Mining Corp. is pleased to announce the results of voting at its Annual General and Special Shareholder Meeting held on Tuesday, December 17, 2024, at 10am in Perth, Australia . All matters submitted to shareholders for approval as set out in the company's Notice of Annual General and Special Meeting of Shareholders and Information Circular dated November 15, 2024, were approved by the requisite majority of votes [...]
HIGHLIGHTS Benz has secured an exclusive option to acquire highly prospective tenements adjacent to the Glenburgh Gold Project, increasing the total project tenure to ~898km2. The option secures over ~20km of additional prospective strike adjacent to the Glenburgh Gold Project, significantly enhancing exploration potential. Preliminary geological analysis suggests the ground covers the immediate extension of the [...]
Mark Lynch-Staunton, previously Benz Mining's Chief Development Officer, promoted to Chief Executive Officer, bringing extensive expertise in exploration, project development, and mine-building to the role. Since joining Benz over a year ago, Mr Lynch-Staunton has been instrumental in shaping the Company's strategy, particularly in driving the acquisition of high-grade gold assets in Western Australia. With proven [...]
Benz Mining is pleased to advise that, further to its announcement dated 6 November 2024, it has successfully completed the private placement of 18,181,820 CHESS Depository Interests at a price of A$0.22 per CDI to raise approximately A$4 million. Each CDI represents one underlying common share in the Company on a one for one basis. The Placement was previously announced in connection with the execution of a binding [...]
HIGHLIGHTS Agreement signed to acquire the Glenburgh Gold Project and the Mt Egerton Gold Project, located in Western Australia, from Spartan Resources Limited. Acquisition transforms Benz into a multi-jurisdictional gold focused company, aligned with the Company's strategy of growing and developing high-grade gold assets in top-tier mining regions. Glenburgh has a granted mining lease and a Mineral Resource Estimate of [...]
HIGHLIGHTS Results confirm that a significant LCT pegmatite system is present at the Ruby Hill West property. Highlights include: 19.5m at 1.13% Li2O from surface 11.1m at 0.56% Li2O from 29.8m 10.7m at 0.67% Li2O from 102.3m 5.5m at 0.76% Li2O from surface 5.01 at 0.95% Li2O from surface Multiple thick LCT pegmatite intersections showing highly fractioned/fertile indicators Pegmatites show evidence of internal zoning [...]
Benz Mining Corp. is pleased to announce the results of voting at its Annual General and Special Shareholder Meeting held on Friday, December 8, 2023, at 10am in Perth, Australia . All matters submitted to shareholders for approval as set out in the company's Notice of Annual General and Special Meeting of Shareholders and Information Circular dated November 3, 2023, were approved by the requisite majority of votes cast [...]
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