$150M PLACEMENT TO ACCELERATE GLENBURGH MAIDEN RESOURCE

Key points

• Benz Mining raises A$150M to boost Glenburgh exploration
• Funds will accelerate the 450,000m drill program
• Target to deliver maiden Mineral Resource Estimate by H1 2027

Full summary

Benz Mining Corp. has secured firm commitments for a $150M institutional placement to accelerate its Glenburgh gold exploration project. The funds will be used to expand the drilling program to 14 rigs, aiming to complete a 450,000m campaign, one of the largest in Australia and globally. The expanded drilling will focus on infill drilling to support the maiden Mineral Resource Estimate, targeted for the first half of 2027.

Guidance

Benz Mining targets a 450,000m drill program completion by H1 2027.

Outlook

Benz Mining aims to rapidly advance its Glenburgh project, leveraging the increased drilling capacity to deliver a maiden Mineral Resource Estimate in the first half of 2027.