15 stories mentioning ASX:BNZUpdated 3d ago
Every FINWIRES story that references ASX:BNZ, newest first.
Benz Mining (ASX:BNZ) logged CA$0.08 in loss per share for the fiscal first quarter, compared with a loss of CA$0.01 a year ago, according to an Australian bourse filing on Monday after market hours.The company did not report revenue for the three months ended July 31.
Ramelius Resources' (ASX:RMS) voting power in Benz Mining (ASX:BNZ) fell to 10.03% on Monday from 11.74% previously, according to a same-day Australian bourse filing.Ramelius currently holds 38 million CHESS depository interests in Benz.
Benz Mining (ASX:BNZ) secured firm commitments for an institutional placement of 40.4 million CHESS depositary interests at AU$3.71 each for gross proceeds of AU$150 million, according to a Monday filing with the Australian bourse.The company expects the settlement to occur on Aug. 28.Benz Mining said the placement will help accelerate its planned 450,000-meter drill program at the Glenburgh gold project in Western Australia through the addition of six drill rigs, increasing the on-site fleet to 14 rigs. The proceeds will also be used for working capital.
Here are the ASX-listed companies with the biggest losses on Thursday.Silex Systems (ASX:SLX): -7%, AU$4.74Weebit Nano (ASX:WBT): -4%, AU$4.29Benz Mining (ASX:BNZ): -4%, AU$3.88EQ Resources (ASX:EQR): -4%, AU$0.32Deep Yellow (ASX:DYL): -4%, AU$1.36Tasmea (ASX:TEA): -3%, AU$8.60Beach Energy (ASX:BPT): -3%, AU$0.86Megaport (ASX:MP1): -3%, AU$18.90Block (ASX:XYZ): -3%, AU$117.23IperionX (ASX:IPX): -3%, AU$3.32
Here are the ASX-listed companies with the biggest gains on Tuesday.DroneShield (ASX:DRO): +12%, AU$2.03MAAS Group Holdings (ASX:MGH): +11%, AU$5.52Almonty Industries CDI 1:1 (ASX:AII): +10%, AU$17.71EQ Resources (ASX:EQR): +10%, AU$0.29Phylogica (ASX:PYC): +9%, AU$1.99Life360 CDI 3:1 (ASX:360): +9%, AU$27.87COSOL Infrastructure (ASX:CQE): +8%, AU$2.76Electro Optic Systems (ASX:EOS): +8%, AU$7.51Benz Mining (ASX:BNZ): +7%, AU$4.15Megaport (ASX:MP1): +6%, AU$19.10
Benz Mining (ASX:BNZ) recently undertook closer-spaced drilling at its flagship Glenburgh asset, uncovering new high-grade gold zones that boost the project's attractiveness and growth potential, Euroz Hartleys said in a note on Monday.The Western Australian-based Glenburgh has the potential to become a large-scale gold operation, with production capacity of around 500,000 ounces per year, a scale that is considered Tier 1 by many investors.There is likelihood of similar drilling to identify further high-grade zones at the Hurricane camp, which has a comparable geological footprint to Glenburgh, the investment firm added.Euroz Hartleys reaffirmed its buy rating and price target of AU$6.41.
Gateway Mining (ASX:GML) started a regional soil sampling program across its Glenburgh South Project in Western Australia targeting the Errabiddy and Northern Shear corridor trends, according to a Monday filing with the Australian bourse.The program of more than 2,400 soil samples is designed to test about 50 kilometers of structural corridors interpreted from recent magnetic and remote sensing studies, per the filing.The company said both target corridors occur within the same prospective host stratigraphy and along parallel structures to Benz Mining's (ASX:BNZ) tier 1 Glenburgh gold discovery, which it said delivered a more than AU$1 billion market capitalization for Benz over the past year.Gateway remains well capitalized to undertake planned 2026 exploration with AU$15.1 million of cash and liquid securities at the close of June, it said.Gateway Mining shares advanced 6% in recent Monday trade, while Benz Mining was more than 16% higher.
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.
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.
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.
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.
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.
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.
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.
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.
