Benz Mining (ASX: BNZ, TSX.V: BZ)

Reported further exceptional gold results from systematic drilling at the Icon deposit, part of the Company’s Glenburgh Gold Project in Western Australia.

The latest results demonstrate that increasing drill density at Icon is doing considerably
more than confirming previously identified mineralisation.

 

 

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	Benz Mining	ASX: BNZ   / TSX.V: BZ
	Stage	Exploration
	Metals	Gold
	Market cap	A$1.31 Billion  @A$3.87
	Location	Western Australia
	Website	www.benzmining.com

 

 

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Benz Discovers High-Grade gold at Icon

 

 

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Benz Mining Corp. (ASX: BNZ, TSXV: BZ) (“Benz” or the “Company”) is pleased to report further exceptional gold results from systematic drilling at the Icon deposit, part of the Company’s Glenburgh Gold Project in Western Australia.

The latest results demonstrate that increasing drill density at Icon is doing considerably
more than confirming previously identified mineralisation. It is providing the geological
resolution required to identify additional fold hinges and high-grade gold positions that
could not be resolved by earlier, wider-spaced drilling.

In addition, the planned drill lines also extend beyond the currently interpreted mineralised trends, providing significant potential for further discoveries and continued growth across Glenburgh.

As Benz progressively drills Icon on its baseline 50m by 25m pattern, additional NE-plunging hinge zones are emerging as important controls on high-grade gold mineralisation and potential drivers of future ounce growth.

 

Earlier explorers missed these high-grade hinge zones in broader spaced shallow drilling which Benz first identified in early 2026 with intercepts such as:
• 95m at 4.3g/t Au from 13m in 25GLR232
• 29m at 8.8g/t Au from 84m in 25GLR190
• 47m at 5.1 g/t Au from 55m in 25GLR237
• 82m at 2.2g/t Au from 32m in 25GLR196

The same structural architecture is evident at the Hurricane camp, strengthening the
Company’s confidence that NE-plunging fold hinges represent an important and
repeatable control on the distribution of high-grade gold across Glenburgh.

In a tightly folded mineral system such as Glenburgh, increasing geological resolution can materially change the understanding of the mineralised architecture. What may initially appear to be a broad mineralised envelope can resolve into multiple fold hinges, limbs and high-grade shoots as drilling advances.

Systematic drilling at Icon is therefore not simply increasing confidence in known
mineralisation. It is revealing additional high-grade positions and generating substantial
new mineralisation potential within the existing drilled footprint.

The results released today demonstrate the value of this approach and have the potential to add significantly to future contained ounces within an already exceptionally wellendowed gold system.

Importantly, the Company’s baseline drill lines are not restricted to the currently
interpreted mineralised trends. The 50m by 25m drilling pattern extends into areas outside the existing interpretation, providing further opportunities to identify previously
unrecognised mineralised positions.

The program is therefore delivering on two fronts: revealing additional high-grade gold
within the known Icon system while continuing to test substantial upside beyond the
currently interpreted mineralised trends.

 

 

Management Commentary

Benz Chief Executive Officer, Mark Lynch-Staunton, commented:

“What excites us at Icon is that every new drill line seems to reveal more of the system.

 

 

“As drilling tightens, new NE-plunging high-grade hinge zones keep emerging, unlocking substantial additional ounce potential within the existing footprint.

 

“We are advancing Glenburgh at a pace that very few gold projects in Australia can currently match. This is one of the country’s most aggressive drilling campaigns, and we
are maintaining that momentum because systematic drilling is adding value to the project so quickly.

 

“Our immediate priority is to complete the baseline drilling across Hurricane, Icon and Thunderbolt, where drilling is now underway for the first time. These high-grade hinges can make an enormous contribution to contained ounces, and we want to ensure they are properly resolved and captured in the geological model.

 

“In parallel, we are advancing permitting and development activities. Glenburgh already benefits from a mature permitting position, giving us a clear and potentially rapid pathway forward as the resource work progresses.

 

 

“Tungsten re-assaying is also underway to assess the potential contribution of another strategically important metal.

 

“Approximately 80% of our maiden Exploration Target was already drill-constrained. We are not drilling to establish whether the target exists. We are completing the baseline
drilling and geological work required to properly resolve the system and support the conversion of this substantial drill-supported inventory into a maiden Mineral Resource.

 

“The reason we are so confident about Glenburgh’s scale is that the geology supports it. We have the craton-margin architecture, clear evidence of a huge magmatichydrothermal engine and a highly reactive sedimentary basin capable of trapping and concentrating enormous volumes of gold.

 

 

“These are the ingredients that build giant gold systems.

 

“The high-grade hinges emerging at Icon and Hurricane are part of something much bigger. This is not a one-deposit or one-camp story.

 

 

“We believe Glenburgh has the scale, architecture and geological engine to keep delivering new gold well beyond what we have defined today, with the potential to become truly world class.

 

“The Exploration Target was always intended as a starting point, not a limit.

 

 

“We look forward to delivering a maiden Mineral Resource Estimate which, based on the scale of the drill-constrained inventory already defined in the target, has the potential to rank amongst largest maiden gold resources reported on the ASX in recent years.

 

“The more we drill Glenburgh, the more gold it gives us. We believe this is just the beginning.”

 

To read the full news release please click HERE

 

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The live Benz Mining share price and chart can be found HERE 

To View Benz Mining’s historical news, please click here

.

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Benz Mining.

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Benz Mining (ASX: BNZ, TSXV: BZ)

Reported a maiden Exploration Target of 10.1 – 12.0 Moz Au defined under the JORC Code (2012), for its 100%-owned Glenburgh Gold Project in the Gascoyne region of Western Australia.

 

 

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	Benz Mining	ASX: BNZ   / TSX.V: BZ
	Stage	Exploration
	Metals	Gold
	Market cap	A$878 million  @A$2.63
	Location	Western Australia
	Website	www.benzmining.com

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Benz Defines Maiden Gold Exploration Target at Glenburgh

 

 

Benz Mining Corp (ASX: BNZ, TSXV: BZ) (“Benz” or the “Company”) is pleased to report a maiden Exploration Target of 10.1 – 12.0 Moz Au defined under the JORC Code (2012), for its 100%-owned Glenburgh Gold Project in the Gascoyne region of Western Australia.

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HIGHLIGHTS:

• Maiden Glenburgh Exploration Target highlights Glenburgh as an emerging major
gold system, with the scale, geological architecture and growth potential to support
a world-class gold project.
• The Exploration Target is strongly supported by substantial drilling, with
approximately 80% of the Exploration Target being drill-defined, assay-supported
and wireframed. The balance reflects a more conceptual geological projection of
the system beyond the current drill footprint.
• Aggressive infill, extensional and down-plunge drilling, metallurgical testwork and
updated geological modelling are planned over the next 12 months, with the
objective of converting a substantial portion of the target into a Mineral Resource in
CY27.
• Ongoing tungsten assaying is expected to support the incorporation of tungsten into
future Exploration Targets and Mineral Resource models.
• The entire Exploration Target sits within Benz’s wholly owned, granted and fully
permitted Mining Lease, providing a clear and rapid pathway to development
following definition of a maiden Mineral Resource.

/
Glenburgh Exploration

Target Total – 485 – 540 Mt 0.6 – 0.7 g/t Au     10.1 – 12.0 Moz Au

The combined Exploration Target grade reflects the inclusion of the broader lower-grade
mineralised halo in full and does not represent an optimised mining inventory. Future
studies would assess which portions of the halo may be selectively included based on pit geometry, cut-off grade, mining selectivity, metallurgical performance and economics.

Previously announced initial metallurgical testwork at Icon returned gold recoveries of up to 93.3% (see announcement dated 17 June 2026) from tested lower-grade halo material, supporting its potential to provide significant incremental feed where captured within future mining shapes.

Cautionary Statement: The potential quantity and grade of the Exploration Target is
conceptual in nature and, as such, there has been insufficient exploration drilling
conducted to estimate a Mineral Resource.

At this stage it is uncertain if further exploration drilling will result in the estimation of a Mineral Resource.

The Exploration Target has been prepared in accordance with the JORC Code (2012).

 

 

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Benz CEO, Mark Lynch-Staunton, commented:

“This initial Exploration Target frames the scale and quality of Glenburgh on a project-wide basis for the first time.

 

“Importantly, this is not a loose conceptual target – approximately 80% of the Exploration Target is drill-defined, assay-supported and wireframed, providing a strong technical foundation for resource conversion.

 

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“Our objective is clear: keep drilling aggressively, convert a substantial portion of this Exploration Target into a Mineral Resource in CY27, and test the projected extensions open at depth that have the potential to grow the system much further.

 

“Glenburgh has the scale and geological architecture to become a major Australian gold
project, with the potential to evolve into a world-class gold system.

 

“Following the $75 million raise completed earlier this year, Benz is well funded to execute this program at pace.”

 

The latest Benz Mining presentation can be viewed HERE

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To read the full news release please click HERE

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The live Benz Mining share price and chart can be found HERE 

To View Benz Mining’s historical news, please click here

.

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Benz Mining.

.

 

Benz Mining Corp (ASX: BNZ)

Reported highly encouraging initial cyanidation test work results from the Icon camp at the Glenburgh Gold Project in Western Australia.

Benz’s initial test results confirm that the gold at Icon is free milling with high recovery rates and low reagent consumption across all grade profiles tested.

 

 

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	Benz Mining	ASX: BNZ   / TSX.V: BZ
	Stage	Exploration
	Metals	Gold
	Market cap	A$638 million  @A$1.91
	Location	Western Australia
	Website	www.benzmining.com

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Benz Confirms Free Milling Gold with High Recoveries at Icon

 

Benz Mining Corp (ASX: BNZ) (“Benz” or the “Company”) is pleased to report highly encouraging initial cyanidation test work results from the Icon camp at the Glenburgh Gold Project in Western Australia.

Benz’s initial test results confirm that the gold at Icon is free milling with high recovery rates and low reagent consumption across all grade profiles tested.

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HIGHLIGHTS:

▪ ~95.5% gold extraction within 24 hours from composite samples representative of the
higher-grade core of the Icon deposit, confirming excellent conventional leach
performance with rapid leach kinetics, low final residues and low cyanide and lime
consumption.
▪ Consistently strong extraction across the Icon grade range tested, with high gold
extraction maintained from higher-grade core material through to the broader
mineralised halo, including material grading down to approximately 0.10 g/t gold.
▪ Icon mineralised halo represents an exciting incremental recoverable gold opportunity,
with material grading from 0.1- 0.3g/t gold leaching strongly and returning gold extraction up to 93.3%. Strong recovery at these grades is an important differentiator for Glenburgh.
▪ Important operational upside for future open-pit studies: low grade halo (0.1-0.3 g/t gold) has the potential to become mill feed rather than waste, with potential to substantially reduce any future strip ratios.

▪ Glenburgh drilling ramp-up and pre-development programs underway: Benz is ramping up to 12 RC shifts across Hurricane, Icon and Thunderbolt Camps, alongside advancing metallurgical, geotechnical and orebody knowledge programs, reflecting increasing confidence in Glenburgh emerging as a large-scale multi-million-ounce gold system.

 

 

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Benz CEO, Mark Lynch-Staunton, commented:

“These are exactly the kind of metallurgical results we want to see from a large, open-pittable gold system.

 

“The higher-grade Icon core has delivered excellent gold extraction of approximately 95.5% within 24 hours, but the real significance is that strong extraction levels are maintained well beyond the high grade core and into the broader mineralised halo.

“The notably consistent extraction response across the tested grade range is an important differentiator for Glenburgh. Material grading down to approximately 0.10 g/t Au leachedb strongly to very low final residues, highlighting an exciting incremental recoverable gold opportunity around the higher-grade zones.

 

“In a future open-pit scenario, material inside the pit shell has to be mined.

 

“The question is whether that material is waste, dilution or recoverable gold. These initial results show that the broader Icon mineralised halo has the potential to contribute recoverable gold, supporting favourable future open-pit mining metrics at Glenburgh.

 

“This is still early-stage metallurgical work, but it strongly supports our view that Icon is a clean leaching gold system with the scale, geometry and metallurgical characteristics required to become a major part of the Glenburgh growth story.”

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To read the full news release please click HERE

 

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The live Benz Mining share price and chart can be found HERE 

 

To View Benz Mining’s historical news, please click here

.

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Benz Mining.

.

Benz Mining (TSX.V: BZ, ASX: BNZ)

Reported on exploration activities and planned work at the Glenburgh Gold Project, Western Australia.

 

 

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	Benz Mining	ASX: BNZ   / TSX.V: BZ
	Stage	Exploration
	Metals	Gold
	Market cap	A$890 million  @A$3.03
	Location	Western Australia
	Website	www.benzmining.com

 

 

Benz Mining Corp (TSXV: BZ, ASX: BNZ) (“Benz” or the “Company”) is pleased to report on exploration activities and planned work at the Glenburgh Gold Project, Western Australia.

 

HIGHLIGHTS:

▪ Funded to accelerate Glenburgh exploration through 2026
▪ A$94 million pro forma cash following the recent A$75 million bought deal
▪ 2025 geological work has transformed Glenburgh into a coherent district-scale system
▪ The granted Mining Lease is now resolved into three major gold camps, each large enough to be a substantial gold project in its own right
▪ 2026 drilling to be executed across all three camps:
▪ Hurricane Camp (Hurricane, Zone 102, Zone 126, NE3): high-grade growth drilling
and targeting the next Zone 126-style discovery
▪ Icon Camp (Icon, Tuxedo, Apollo, Mustang, Shelby): systematic testing of the
>3km Icon trend to approximately 300–500m, supporting bulk-tonnage scale
open-pit potential
▪ Thunderbolt Camp (Torino, Thunderbolt): new exciting growth front for Benz – firstpass drilling planned to approximately ~500m, following limited historical drilling to
<100m
▪ Thunderbolt introduced as a third camp-scale opportunity on the Mining Lease.

 

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Benz CEO, Mark Lynch-Staunton, commented:

“Glenburgh has reached a genuine inflection point.

 

“Over the past 12 months, Benz has done the hard technical work required in high-grade metamorphic terrain – integrating drilling, mapping and structural interpretation – to move Glenburgh from a set of historical prospects into a coherent geological system that can now be targeted systematically.

 

“The standout outcome is Thunderbolt – a new camp-scale opportunity on the Mining Lease that has been largely overlooked historically due to shallow transported cover and limited drilling.

 

“We believe it sits within the same geological architecture as the outcropping camps, and we are genuinely excited by the scale of the opportunity it represents as a new growth front for the project.

“With A$94 million pro forma cash, Benz is funded to move fast, with >250,000 metres of drilling planned in 2026 across exploration and resource definition.

 

“This program will accelerate drilling across the Mining Lease, expand regional target generation across the broader district trend, and progress scoping-level work in parallel.

 

“Glenburgh has an advanced permitting position and extensive historical feasibility-level studies, giving us a strong foundation to build on as the resource grows.”

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To read the full news release please click HERE

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To View Benz Mining’s historical news, please click here

.

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Benz Mining.

.

 

Benz Mining (ASX: BNZ / TSX.V: BZ)

We are initiating coverage of Benz Mining, a gold exploration and development company, dual listed on the ASX and TSX.V exchanges, with projects in Australia and Canada.

The main focus is on the Glenburgh gold project in Western Australia.

 

 

 

 

 

	Benz Mining	ASX: BNZ   / TSX.V: BZ
	Stage	Exploration
	Metals	Gold
	Market cap	A$479 million  @A$1.66
	Location	Western Australia
	Website	www.benzmining.com

 

 

Comment

This is my preferred type of company, great project, shovel ready and permitted for potential early toll milling, experienced management team with a track record of success, in a tier 1 jurisdiction.

The project has district scale.

I made an initial investment recently and the price has jumped before I could follow up, on the back of some excellent exploration results.

I intend to increase my holding in the near future.

 

 

City Investors Circle – Initiating Coverage of Benz Mining

 

 

Benz Mining (ASX: BNZ / TSX.V: BZ)

We are initiating coverage of Benz Mining, a gold exploration and development company based in Australia, dual listed on the ASX and TSX.V exchanges, with projects in Australia and Canada.

The main focus is on the Glenburgh gold project in Western Australia.

 

Company profile

 

Core Business & Strategy

• Focus: Gold exploration with projects also prospective for other minerals (e.g. lithium, nickel, copper) in Canada and Australia. Newsfile+2Junior Mining Network+2

• Jurisdictions:

• Western Australia: Glenburgh and Mt Egerton gold projects.
• Quebec, Canada: The company’s Eastmain Gold Project in the Upper Eastmain River greenstone belt. This includes the former Eastmain Mine (which operated briefly in the mid-1990s) and associated properties.

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Management

Mark Lynch-Staunton

Formerly with Barrick Gold

Seasoned mine builder with a proven track record of deliver

 

Jurisdictions

Western Australia and Quebec

 

 

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To View Benz Mining’s historical news, please click here

.

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Benz Mining.

.