Benz Completes Acquisition of WA Gold Projects from Spartan Resources

Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) has successfully completed the acquisition of the Glenburgh Gold Project and the Mt Egerton Gold Project, located in the Gascoyne region of Western Australia, from Spartan Resources Limited (ASX: SPR). The acquisition, announced on 6 November 2024, transforms Benz into a multi-jurisdictional, pure-play gold-focused company, aligning with its strategy of growing and developing high-grade gold assets in top-tier mining regions.

The Glenburgh project, which has a granted mining lease and a Mineral Resource Estimate of 16.3Mt at 1g/t Au for 510,100 ounces within a largely untested 786km2 package, complements and strengthens Benz's existing high-grade resource at Eastmain, which currently stands at 5.1Mt at 6.1g/t Au for 1,005,000 ounces. The Mt Egerton project includes the high-grade Hibernian Underground Mine, adding significant opportunity for rapid high-grade resource growth through targeted exploration.

Benz plans to apply proven advanced geoscientific techniques to unlock the high-grade gold potential at Glenburgh and Mt Egerton, two high-growth-potential projects that have been largely underexplored by modern exploration techniques. The Company aims to focus on the vast underexplored high-grade potential at Glenburgh, rather than the shallow lower-grade open pit resources that previous exploration efforts concentrated on. Recent results from high-grade Zone 126 deposit at Glenburgh illustrate the wide high-grade zones open in all directions, such as:

* 8m at 11.6g/t Au
* 28m at 5g/t Au
* 24m at 9.1g/t Au
* 14m at 8.9 g/t Au

These results demonstrate the potential for high-grade gold discoveries at Glenburgh. Additionally, the Mt Egerton Project, which includes the high-grade Hibernian Underground Mine, has previous high-grade intercepts for immediate follow-up, including:

* 5m at 96.7g/t Au
* 4m at 91.9g/t Au
* 4m at 75.3g/t Au
* 11m at 42.5g/t Au

By applying advanced geoscientific techniques, Benz aims to enhance the exploration potential of these projects and uncover new high-grade gold resources.

The acquisition complements and strengthens Benz's existing high-grade resource at Eastmain, which currently stands at 5.1Mt at 6.1g/t Au for 1,005,000 ounces. The Glenburgh project has a granted mining lease and a Mineral Resource Estimate of 16.3Mt at 1g/t Au for 510,100 ounces within a largely untested 786km2 package. The Mt Egerton project includes the high-grade Hibernian Underground Mine, adding significant opportunity for rapid high-grade resource growth through targeted exploration.

Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) has successfully completed the acquisition of the Glenburgh Gold Project and the Mt Egerton Gold Project, located in the Gascoyne region of Western Australia, from Spartan Resources Limited (ASX: SPR). The acquisition, announced on 6 November 2024, transforms Benz into a multi-jurisdictional, pure-play gold-focused company, aligning with its strategy of growing and developing high-grade gold assets in top-tier mining regions.

The Glenburgh project, which has a granted mining lease and a Mineral Resource Estimate of 16.3Mt at 1g/t Au for 510,100 ounces within a largely untested 786km2 package, complements and strengthens Benz's existing high-grade resource at Eastmain, which currently stands at 5.1Mt at 6.1g/t Au for 1,005,000 ounces. The Mt Egerton project includes the high-grade Hibernian Underground Mine, adding significant opportunity for rapid high-grade resource growth through targeted exploration.

Benz plans to apply proven advanced geoscientific techniques to unlock the high-grade gold potential at Glenburgh and Mt Egerton, two high-growth-potential projects that have been largely underexplored by modern exploration techniques. The Company aims to focus on the vast underexplored high-grade potential at Glenburgh, rather than the shallow lower-grade open pit resources that previous exploration efforts concentrated on. Recent results from high-grade Zone 126 deposit at Glenburgh illustrate the wide high-grade zones open in all directions, such as:

* 8m at 11.6g/t Au
* 28m at 5g/t Au
* 24m at 9.1g/t Au
* 14m at 8.9 g/t Au

These results demonstrate the potential for high-grade gold discoveries at Glenburgh. Additionally, the Mt Egerton Project, which includes the high-grade Hibernian Underground Mine, has previous high-grade intercepts for immediate follow-up, including:

* 5m at 96.7g/t Au
* 4m at 91.9g/t Au
* 4m at 75.3g/t Au
* 11m at 42.5g/t Au

By applying advanced geoscientific techniques, Benz aims to enhance the exploration potential of these projects and uncover new high-grade gold resources.

The acquisition complements and strengthens Benz's existing high-grade resource at Eastmain, which currently stands at 5.1Mt at 6.1g/t Au for 1,005,000 ounces. The Glenburgh project has a granted mining lease and a Mineral Resource Estimate of 16.3Mt at 1g/t Au for 510,100 ounces within a largely untested 786km2 package. The Mt Egerton project includes the high-grade Hibernian Underground Mine, adding significant opportunity for rapid high-grade resource growth through targeted exploration.

Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) has successfully completed the acquisition of the Glenburgh Gold Project and the Mt Egerton Gold Project, located in the Gascoyne region of Western Australia, from Spartan Resources Limited (ASX: SPR). The acquisition, announced on 6 November 2024, transforms Benz into a multi-jurisdictional, pure-play gold-focused company, aligning with its strategy of growing and developing high-grade gold assets in top-tier mining regions.

The Glenburgh project, which has a granted mining lease and a Mineral Resource Estimate of 16.3Mt at 1g/t Au for 510,100 ounces within a largely untested 786km2 package, complements and strengthens Benz's existing high-grade resource at Eastmain, which currently stands at 5.1Mt at 6.1g/t Au for 1,005,000 ounces. The Mt Egerton project includes the high-grade Hibernian Underground Mine, adding significant opportunity for rapid high-grade resource growth through targeted exploration.

Benz plans to apply proven advanced geoscientific techniques to unlock the high-grade gold potential at Glenburgh and Mt Egerton, two high-growth-potential projects that have been largely underexplored by modern exploration techniques. The Company aims to focus on the vast underexplored high-grade potential at Glenburgh, rather than the shallow lower-grade open pit resources that previous exploration efforts concentrated on. Recent results from high-grade Zone 126 deposit at Glenburgh illustrate the wide high-grade zones open in all directions, such as:

* 8m at 11.6g/t Au
* 28m at 5g/t Au
* 24m at 9.1g/t Au
* 14m at 8.9 g/t Au

These results demonstrate the potential for high-grade gold discoveries at Glenburgh. Additionally, the Mt Egerton Project, which includes the high-grade Hibernian Underground Mine, has previous high-grade intercepts for immediate follow-up, including:

* 5m at 96.7g/t Au
* 4m at 91.9g/t Au
* 4m at 75.3g/t Au
* 11m at 42.5g/t Au

By applying advanced geoscientific techniques, Benz aims to enhance the exploration potential of these projects and uncover new high-grade gold resources.

The acquisition complements and strengthens Benz's existing high-grade resource at Eastmain, which currently stands at 5.1Mt at 6.1g/t Au for 1,005,000 ounces. The Glenburgh project has a granted mining lease and a Mineral Resource Estimate of 16.3Mt at 1g/t Au for 510,100 ounces within a largely untested 786km2 package. The Mt Egerton project includes the high-grade Hibernian Underground Mine, adding significant opportunity for rapid high-grade resource growth through targeted exploration.

Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) has successfully completed the acquisition of the Glenburgh