Announcement • Jun 30

Benz Mining Corp Reports New Gold Assay Results From Ongoing Drilling At Hurricane Camp

Benz Mining Corp. reported new gold assay results from ongoing drilling at the Hurricane Camp, part of its 100%-owned Glenburgh Gold Project in the Gascoyne region of Western Australia. Latest Hurricane camp drilling continues 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. Significant shallow, high-grade mineralisation discovered between Zone 126 and Zone 102, linking the two deposits for the first time, materially expanding the Hurricane Camp and highlighting the potential for a substantial open-pit opportunity across the broader Hurricane trend. Highlights include: 70m at 2.9 g/t Au from 214m, including 37m at 5.2 g/t Au (26HZ135), 56m at 1.6 g/t Au from 162m, including 17m at 3.6 g/t Au (26HZ125), 49m at 1.7 g/t Au from 336m, including 23m at 3.2 g/t Au (26HZ131). Hurricane trend continues to significantly grow along newly discovered NE plunge corridor: 14m at 8.9 g/t Au from 383m, including 5m at 24.2 g/t Au (26HZ105), 86m at 1.0 g/t Au from 359m, including 37m at 1.4 g/t Au (26HZ097), 64m at 1.4 g/t Au from 441m, including 12m at 5.0 g/t Au (26HZ147). Z126 Trend: High grade lenses are now linking and adding volume into a larger more continuous gold bearing trend: 79m at 2.8 g/t Au from 499m, including 38m at 5.0 g/t Au (26HZ145), 27m at 6.4 g/t Au from 432m (26HZ145), 20m at 6.3 g/t Au from 160m, including 8m at 14.7 g/t Au (26HZ059). Major 400m down-plunge step-out opens a major new underground growth opportunity at Hurricane: First pass drilling more than 400m down plunge of Zone 126 has intersected the mineralised system in line with Benz's down-plunge projection, potentially doubling the Hurricane search space. First-pass drilling more than 400m down plunge of Zone 126 has opened a major new growth opportunity at Hurricane, confirming the mineralised system continues well beyond the current drilled area and beneath a ~6km gold-in-soil anomaly. With 2m at 6.4 g/t Au returned from hole 26HZ163, including 1m at 11.9 g/t Au, this hole is interpreted to have clipped the margin of the prospective corridor in line with Benz's down-plunge projection. This provides a clear vector to drill deeper into the core of the target zone, with follow-up drilling planned immediately. This down-plunge opportunity is not included in the current Glenburgh Exploration Target and highlights substantial underground growth potential along the untested 6km trend. The Hurricane Camp is a major component of the Glenburgh Exploration Target and represents the highest-grade camp in the project, contributing a high-grade core of 31-35 Mt at 2.50-2.72 g/t Au for 2.5-3.0 Moz within the broader Glenburgh higher-grade domain Exploration Target of 110-125 Mt at 1.7-1.8 g/t Au for 6.1-7.3 Moz. Approximately 80% of the Exploration Target is already drill-defined, assay-supported and wireframed. The current systematic fence-line drilling at Hurricane continues to support the target wireframes, improve connectivity, add mineralised volume and define high-grade zones as Benz advances toward maiden Mineral Resource definition. Drilling at Hurricane is ongoing and will remain focused on two clear objectives: convert the drill-supported Exploration Target and grow the system beyond the current target area. Benz will continue to flesh out the Zone 126 high-grade trend, which remains open along strike and at depth, while infill drilling advances the drill-defined domains toward maiden Mineral Resource spacing. At the same time, the Company will immediately follow up the new 400m down-plunge opportunity, where first pass drilling has confirmed the mineralised system continues well beyond the current drilled area. This combination of infill drilling in proven ground and step-out drilling into new ground is designed to increase confidence, add scale and support conversion of the Glenburgh Exploration Target into a maiden Mineral Resource in calendar year 2027. The Glenburgh deposit geology is interpreted to comprise muddy pelitic sediments and mafic volcanic rocks metamorphosed to migmatites and amphibolites during the ca. 1990Ma Glenburgh Orogeny. Within this package of rocks, an extensive sea floor or sub-sea floor alteration system is associated with gold mineralisation. The core of the mineralised envelope at Glenburgh is defined by a folded sequence of metapelitic rocks interlayered with silica-rich grey chert bands, sulphide and oxide sedimentary iron formations, iron-rich grunerite bearing layers, and tungsten-rich and phosphate bands. Recrystallisation of gold and other silicate minerals during granulite facies metamorphism is considered responsible for the exceptional metallurgical recoveries reported in the announcement dated 17 June 2026. The 100%-owned Glenburgh Gold Project is rapidly emerging as a new frontier gold district with multi-million-ounce potential. Glenburgh hosts an 18-20 kilometre mineralised corridor anchored by the large-scale Icon-Apollo trend and the high-grade Zone 126 system. Glenburgh's unique combination of thick, bulk-style gold mineralisation (Icon-Apollo) and multiple high-grade underground lenses (Zone 126) positions it as a rare opportunity in the Australian gold sector. The Glenburgh Exploration Target by deposit and grade domain for Hurricane Camp is as follows: Thunderbolt 45 - 50 Mt at 0.75 - 0.83 g/t Au for 1.1 - 1.3 Moz. GLENBURGH EXPLORATION TARGET 485 - 540 Mt at 0.65 - 0.69 g/t Au for 10.1 - 12.0 Moz. For this announcement, 89 RC holes are being reported. High grade Intercepts: A nominal 0.7 g/t Au lower cut off has been applied to results including up to a 5m limit on internal dilution unless otherwise stated. A minimum composite length of 2m is applied. Bulk Intercepts: A nominal 0.3 g/t Au lower cut off has been applied to results including up to a 10m limit on internal dilution unless otherwise stated. Short high-grade composites greater than 1.5 gram metres are included, otherwise a minimum composite length of 2m is applied. Assays for the remainder of the programme will be reported once received and validated. Ongoing drilling across the Glenburgh camp to extend mineralisation along strike and at depth.

Announcement • Jun 24

Benz Mining Corp Defines Maiden Gold Exploration Target At Glenburgh

Benz Mining Corp. has reported a maiden Exploration Target, as defined under the JORC Code (2012) and contemplated in Section 2.3(2) of National Instrument 43-101 Standards of Disclosure for Mineral Projects, for its 100%-owned Glenburgh Gold Project in the Gascoyne region of Western Australia. The Exploration Target is informed and 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 Exploration Target into a Mineral Resource in calendar year 2027. Ongoing tungsten assaying is expected to support the incorporation of tungsten into potential future Exploration Targets and Mineral Resource models. The entire Exploration Target sits within Benz's wholly owned, granted and fully permitted Mining Lease. The Glenburgh Exploration Target is reported as a single Exploration Target. To assist interpretation, it has been separated in two complementary ways: by grade domain (a higher-grade core and a mineralised halo, reflecting the known grade distribution of the mineralised system) and by basis of estimation (within each grade domain: a drill-defined component, derived from existing drillhole data and interpreted mineralised wireframes; and a conceptual geological projection component, derived by extrapolation of those wireframes down-plunge and/or down-dip beyond the current limit of drilling). Table 1: Glenburgh Exploration Target. Higher-grade core: 110 - 125 Mt, 1.7 - 1.8 g/t Au, 6.1 - 7.3 Moz Au. Mineralised halo: 375 - 415 Mt, 0.33 - 0.35 g/t Au, 4.0 - 4.6 Moz Au. Glenburgh Exploration Target Total: 485 - 540 Mt, 0.6 - 0.7 g/t Au, 10.1 - 12.0 Moz Au. The potential quantity and grade of the Exploration Target, and of each of its components, is conceptual in nature and uncertain. There has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the Exploration Target being delineated as a Mineral Resource. The Exploration Target is not, and does not carry the classification of, a Mineral Resource or Ore (Mineral) Reserve. It has been determined from exploration results already obtained and not from any proposed exploration programme. 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% from tested lower-grade halo material, supporting its potential to provide significant incremental feed where captured within future mining shapes. The Glenburgh Exploration Target is based on exploration results from 1,100 drillholes (diamond and reverse-circulation), totalling approximately 200,022 metres completed by Benz and prior explorers, together with the associated logging, sampling and assay data as previously reported to the ASX. Three-dimensional wireframe interpretations of the mineralised domains were constructed in Leapfrog Geo from logged lithology and downhole gold assay composites and structural measurements. The lower bound of each grade range was derived from top-cut and spatially declustered assay composites, while the upper bound was derived from the equivalent raw, uncut and undeclustered composites. Higher-grade and lower-grade domains were separated using nominal camp-specific grade thresholds, reflecting differences in grade distribution and mineralisation style across the Glenburgh system. At Icon and Thunderbolt, higher-grade and lower-grade domains were separated using nominal thresholds of approximately 0.5 g/t Au and 0.3 g/t Au respectively. At Hurricane, higher-grade and lower-grade domains were separated using nominal thresholds of approximately 0.7 g/t Au and 0.3 g/t Au respectively. Tonnage ranges were derived by applying an approximate ±10% range to the modelled mineralised wireframe volumes to reflect the conceptual nature of the Exploration Target. Bulk densities of 2.75 t/m³ for Hurricane and 2.68 t/m³ for Icon and Thunderbolt were applied, based on available density measurements collected from drill core and/or representative geological domains within the Glenburgh drilling database. The drill-constrained components comprise modelled volumes constrained by existing drillhole intersections, at a current drill spacing of approximately 40m × 40m. The conceptual geological projection components were derived by projecting the modelled wireframes down-plunge and/or down-dip beyond the limit of current drilling, applying conversion factors of approximately 20% (Hurricane and Icon) and 80% (Torino) to the respective projection volumes. The projection components are extrapolations of results already obtained and are not based on any proposed exploration programme. Infill and extensional drilling will be required to establish whether any part of the Exploration Target can be reported as a Mineral Resource.

Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Historical stock prices
Current Share Price	CA$3.96
52 Week High	CA$4.18
52 Week Low	CA$1.14
Beta	1.91
1 Month Change	5.60%
3 Month Change	137.13%
1 Year Change	211.81%
3 Year Change	942.11%
5 Year Change	482.35%
Change since IPO	98.00%

	BZ	CA Metals and Mining	CA Market
7D	4.2%	-4.0%	-2.5%
1Y	211.8%	46.6%	21.7%

BZ volatility
BZ Average Weekly Movement	13.0%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	9.4%
10% most volatile stocks in CA Market	16.5%
10% least volatile stocks in CA Market	3.7%

BZ fundamental statistics
Market cap	CA$1.48b
Earnings (TTM)	-CA$40.43m
Revenue (TTM)	n/a

Key profitability statistics from the latest earnings report (TTM)
BZ income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$981.84k
Gross Profit	-CA$981.84k
Other Expenses	CA$39.45m
Earnings	-CA$40.43m

Earnings per share (EPS)	-0.11
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

Data	Last Updated (UTC time)
Company Analysis	2026/09/11 21:46
End of Day Share Price	2026/09/11 00:00
Earnings	2026/04/30
Annual Earnings	2026/04/30

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Benz Mining (BZ) Stock Overview

Risk Analysis

Top Community Narratives

Benz Mining, From 510 koz Historical Resource to 10 Moz Target: Can Glenburgh Actually Convert?

Top Community Narratives

Benz Mining, From 510 koz Historical Resource to 10 Moz Target: Can Glenburgh Actually Convert?

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Price History & Performance

Recent News & Updates

New major risk - Shareholder dilution

Benz Mining Corp. has completed a Follow-on Equity Offering in the amount of AUD 150.000001 million.

(Deep Dive Series) Benz Mining’s 10-12 Moz Glenburgh Target: Is a C$1.3B Valuation Already Pricing in the Dream?

Benz Mining, From 510 koz Historical Resource to 10 Moz Target: Can Glenburgh Actually Convert?

Benz Mining Corp. has filed a Follow-on Equity Offering in the amount of AUD 150.000001 million.

New minor risk - Share price stability

Recent updates

New major risk - Shareholder dilution

Benz Mining Corp. has completed a Follow-on Equity Offering in the amount of AUD 150.000001 million.

(Deep Dive Series) Benz Mining’s 10-12 Moz Glenburgh Target: Is a C$1.3B Valuation Already Pricing in the Dream?

Benz Mining, From 510 koz Historical Resource to 10 Moz Target: Can Glenburgh Actually Convert?

Benz Mining Corp. has filed a Follow-on Equity Offering in the amount of AUD 150.000001 million.

New minor risk - Share price stability

We're Hopeful That Benz Mining (CVE:BZ) Will Use Its Cash Wisely

New major risk - Financial position

New major risk - Shareholder dilution

Benz Mining Corp Reports New Gold Assay Results From Ongoing Drilling At Hurricane Camp

Benz Mining Corp Defines Maiden Gold Exploration Target At Glenburgh

Benz Mining Corp Reports Highly Encouraging Initial Cyanidation Testwork Results from the Icon Camp At the Glenburgh Gold Project in Western Australia

New major risk - Revenue and earnings growth

New minor risk - Share price stability

Benz Mining Corp. has completed a Follow-on Equity Offering in the amount of AUD 75.000002 million.

Independent Director recently bought CA$156k worth of stock

Benz Mining Corp. has filed a Follow-on Equity Offering in the amount of AUD 75.000002 million.

Benz Mining Corp. Announces Icon Delivers Shallow High-Grade Discovery as Large-Scale System

Benz Mining Corp. has completed a Follow-on Equity Offering in the amount of AUD 30.000001 million.

Benz Mining Corp., Annual General Meeting, Dec 16, 2025

Benz Mining Corp Reports Additional Discovery from Ongoing Drilling At the Zone 126 Prospect Within the Glenburgh Gold Project in Western Australia

New major risk - Share price stability

Benz Mining Corp. Announces New Discovery At Icon Strengthened with Further Broad Gold Intercepts

Benz Mining Corp. has filed a Follow-on Equity Offering in the amount of AUD 30.000001 million.

Benz Mining Corp. Reports Further Strong Results from Ongoing Drilling At Icon Prospect Within the Glenburgh Gold Project in Western Australia

Benz Mining Corp. Accelerates Exploration Efforts At Glenburgh

Independent Director exercised options to buy CA$288k worth of stock.

Benz Mining Corp. Launches 30,000m Drilling Program at the Glenburgh Gold Project

Executive Chairman exercised options to buy CA$429k worth of stock.

Benz Mining Corp. has completed a Follow-on Equity Offering in the amount of AUD 13.5003 million.

Benz Mining Corp. to Accelerate Exploration At Glenburgh and Mt Egerton Gold PrTjects

Benz Delivers New High-Grade Gold Discovery At Glenburgh

New major risk - Financial position

New major risk - Shareholder dilution

Benz Mining Corp. (TSXV:BZ) completed the acquisition of Glenburgh and Egerton Gold Projects of Spartan Resources from Spartan Resources Limited (ASX:SPR).

Benz Mining Corp. Announces the Promotion of Mr. Mark Lynch-Staunton to Chief Executive Officer

New minor risk - Shareholder dilution

Benz Mining Corp. has completed a Follow-on Equity Offering in the amount of AUD 4 million.

Benz Mining Corp. has filed a Follow-on Equity Offering in the amount of AUD 4 million.

Benz Mining Corp., Annual General Meeting, Dec 17, 2024

New major risk - Share price stability

Companies Like Benz Mining (CVE:BZ) Could Be Quite Risky

New minor risk - Share price stability

Benz Mining (CVE:BZ) Will Have To Spend Its Cash Wisely

Benz Mining Corp. Announces the Appointment of Mark Lynch-Staunton as Chief Development Officer

Benz Mining Corp., Annual General Meeting, Dec 08, 2023

Insufficient new directors

We're Hopeful That Benz Mining (CVE:BZ) Will Use Its Cash Wisely

New minor risk - Share price stability

New major risk - Shareholder dilution

Benz Mining Corp. Announces Update on Eastmain Project in Quebec, Canada

Will Benz Mining (CVE:BZ) Spend Its Cash Wisely?

Acting CEO & Executive Chairman exercised options to buy CA$800k worth of stock.

Benz Mining Corp. Provides an Update on Exploration Activities in the Upper Eastmain Greenstone Belt

Benz Mining Corp. Announces the Resignation of Xavier Braud as Head of Corporate Development (Australia)

We're Keeping An Eye On Benz Mining's (CVE:BZ) Cash Burn Rate

High number of new and inexperienced directors

High number of new and inexperienced directors

Here's Why Benz Mining (CVE:BZ) Must Use Its Cash Wisely

Non Executive Director recently sold CA$304k worth of stock