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Asia

Benz Mining Identifies High-Grade Gold Mineralization at Western Australia Project

Benz Mining (ASX:BNZ) identified high-grade gold mineralization during recent drilling at the Icon deposit, part of its Glenburgh Gold Project in Western Australia, according to a Monday Australian bourse filing.The results were up to 41 meters at 14.5 grams per tonne gold from 260 meters and 75 meters at 2.3 grams per tonne gold from 253 meters.The next phase of drilling will focus on completing the planned baseline drilling pattern across the Hurricane, Icon, and Thunderbolt camps to ensure high-grade hinge zones are fully resolved and captured in the geological model before a maiden resource in the first half of 2027, the filing added.

ASX:BNZ
Asia

Benz Mining Fiscal 2026 Loss Widens

Benz Mining (ASX:BNZ) logged CA$0.14 in loss per share for the fiscal 2026, compared with a loss of CA$0.04 a year ago, a late Wednesday filing showed.The company reported no revenue for the period as it remains an exploration-stage company with no commercial mining operations or production history.

ASX:BNZ
Asia

Benz Mining Drilling Results Appear to Link Deposits at Western Australia Gold Project, Euroz Hartleys Says

Benz Mining's (ASX:BNZ) reported shallower intercepts discovered between zone 126 and zone 102 at the Hurricane camp, part of the Glenburgh gold project in Western Australia, may have linked the deposits and potentially expanded the camp materially, according to a Tuesday note by Euroz Hartleys.The results were up to 70 meters at 2.9 grams per tonne grade of gold from 214 meters, including 37 meters at 5.2 g/t grade of gold.The two meters at 6.4 g/t grade of gold result was 400 meters step out down dip at zone 126, showing that gold mineralization exists at depth.The firm also mobilized three drilling rigs to the Thunderbolt camp, which Euroz Hartleys assumed meant that Benz liked what it was seeing.The investment firm maintained its buy recommendation and its AU$4.67 per share price target on Benz Mining.

ASX:BNZ
Asia

Benz Mining Identifies Shallow High-Grade Gold Mineralization at Western Australia Project; Shares Down 3%

Benz Mining (ASX:BNZ) said it identified shallow, high-grade gold mineralization from ongoing drilling at the Hurricane Camp, part of its Glenburgh Gold Project in Western Australia, according to a Tuesday Australian bourse filing.The results were of up to 70 meters at 2.9 grams per tonne gold from 214 meters, including 37 meters at 5.2 grams per tonne gold,The company said that drilling is continuing to validate, connect, and extend the modelled wireframes underpinning Benz's recently released Glenburgh exploration target and advance the drill-supported target toward maiden mineral resource definition.A major 400-meter down-plunge step-out has opened a new underground growth opportunity at Hurricane, with first-pass drilling more than 400 meters down plunge of Zone 126 intersecting the mineralized system in line with Benz's down-plunge projection, potentially doubling the Hurricane search space, the filing added.The company's shares fell past 3% in recent Tuesday trade.

ASX:BNZ
Asia

Benz Mining's Western Australia Exploration Target Signals Major Upside, Euroz Hartleys Says

Benz Mining (ASX:BNZ) defined a maiden high-grade exploration target at its Glenburgh Gold Project in Western Australia, exceeding Euroz Hartleys' prior bull-case estimate and supporting the potential for a significantly larger future resource base, the equity research firm said in a Wednesday note.The company defined a high-grade exploration target of 110 million to 125 million tonnes grading 1.7 to 1.8 grams per tonne for 6.1 million to 7.3 million ounces of gold, alongside a broader total project target of 485 million to 540 million tonnes grading 0.6 to 0.7 grams per tonne for 10.1 million to 12 million ounces of gold.Euroz Hartleys said about 80% of the exploration target is supported by drilling and interpreted wireframes, with the remainder based on broader geological interpretation and therefore more conceptual.The research firm noted a drill-defined core containing 4.6 million to 5.5 million ounces of gold at 1.7 to 1.9 grams per tonne that will require infill drilling to progress toward a maiden JORC resource.Benz Mining is planning 25 meter by 25 meter infill drilling, along with down-plunge drilling, while metallurgical test work remains positive.Euroz Hartleys noted the company aims to convert much of its exploration target into a maiden mineral resource in 2027, which could materially expand the project's reported resource base if successful.The research firm added that Glenburgh could rank among the largest Australian Securities Exchange mineral resource bases if the exploration target is converted.Euroz Hartleys maintained a buy recommendation on Benz Mining with a price target of AU$4.67.Benz Mining's shares climbed 26% in recent Wednesday trade.

ASX:BNZ
Asia

Benz Mining's Recent Results Continue to Show Scale Potential of Western Australia Deposit, Euroz Hartleys Says

Benz Mining's (ASX:BNZ) drilling results to date continued to show the scale potential at the Icon deposit, within the Glenburgh project in Western Australia, starting to de-risk the processing pathway, Euroz Hartleys said in a Wednesday note.With the receipt of cyanidation test work results, the company confirmed that gold sourced from Icon is free-milling with high recovery rates and low reagent consumption across all grade profiles tested.The company reported nearly 96% gold extraction within 24 hours from composite samples representative of the higher-grade core of the deposit, while mid-grade mineralization reached around 91% gold extraction.The results are broadly supportive of Euroz Hartleys' modelled 95% metallurgical recovery assumption, particularly for the higher-grade Icon core, which yielded almost 96% extraction within 24 hours, the note said.Consistency across the grade range suggests that Icon is a "clean, conventional, and free-milling" gold system, with potential for increased value from lower-grade halo material, according to the financial services firm.Euroz Hartleys reaffirmed its buy recommendation and AU$4.67 price target on Benz Mining.Benz Mining shares rose 9% in morning trade on Thursday.

ASX:BNZ
Asia

Benz Mining Says Cyanidation Test Work at Western Australia Project Confirms Free Milling Gold with High Recovery Rates

Benz Mining (ASX:BNZ) said cyanidation test work results from the Icon camp at the Glenburgh gold project in Western Australia confirmed that the Icon gold is free milling with high recovery rates and low reagent consumption across all grade profiles tested, according to a Wednesday Australian bourse filing.It achieved around 95.5% gold extraction within 24 hours from composite samples representative of the higher-grade core of the Icon deposit, while mid-grade Icon mineralization reached around 91% gold extraction.Rapid leach kinetics and low cyanide consumption were also confirmed, with Icon gold extraction generally complete within eight hours to 24 hours, while average cyanide consumption ranged from 0.18 kilograms-per-tonne (kg/t) of sodium cyanide to 0.22 kg/t of sodium cyanide.

ASX:BNZ
Asia

Benz Mining Confirms Widespread Tungsten Mineralization at Western Australia Mining Lease; Shares Up 3%

Benz Mining (ASX:BNZ) said widespread tungsten mineralization was confirmed across the entire 12 kilometers of the Glenburgh mineralized corridor within the mining lease in Western Australia, according to a Tuesday Australian bourse filing.Elevated tungsten concentrations were observed via routine inductively coupled plasma mass spectrometry analysis, closely associated with gold mineralization across the entire system, per the filing.A high-grade gold intercept of 79 meters at 4.4 grams per tonne grade of gold from 534 meters contained internal tungsten intervals of 26 meters at 0.2% grade of tungsten oxide, the company said.Benz Mining's shares fell nearly 3% in recent trading on Tuesday.

ASX:BNZ

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