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Benz Mining Corp (ASX:BNZ)

ALERT: Price-sensitive ASX Announcement for BNZ
Current share price for BNZ : $3.820 1.7 (80.19%)+
Announcement
Release
24 Jun 2026 8:25AM
Price at Release
$2.120
Full Release
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Summary
Benz Mining Corp has announced a maiden gold exploration target at the Glenburgh Gold Project in Western Australia, highlighting it as a promising gold system with significant scale and growth potential. Approximately 80% of the exploration target is defined through drilling and supported by assays, with the remainder based on geological projections. The target includes both a high-grade core and a broader mineralised halo, totaling an estimated 10.1 to 12.0 million ounces of gold. Benz plans extensive drilling and testwork aiming to convert part of this exploration target into a mineral resource by 2027. The project lies on a fully permitted mining lease, providing a pathway for development once a mineral resource is established.
Key Points
  • Benz Mining Corp has defined a maiden gold exploration target at its Glenburgh Gold Project in Western Australia.
  • The Glenburgh Exploration Target is supported by significant drilling, with 80% being drill-defined and assay-supported.
  • The target includes a high-grade core and a broader lower-grade mineralised halo, reflecting a major gold system.
  • Aggressive drilling and metallurgical testwork are planned to potentially convert a significant portion of the target into a Mineral Resource by calendar year 2027 (CY27).
  • The Exploration Target is within Benz’s wholly owned, granted, and fully permitted mining lease, enabling a clear pathway to development.
  • Ongoing tungsten assaying may allow for tungsten to be included in future resource models.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.