Latest news with #MarkLynch-Staunton
Globe and Mail
14-02-2025
- Business
- Globe and Mail
Benz Exercises Option over Strategic Ground Along Strike from the Glenburgh Gold Project
HIGHLIGHTS Benz has exercised the option to acquire highly prospective tenements adjacent to the Glenburgh Gold Project, increasing the total project tenure to ~898km 2. Exercising the option has secured over ~20km of potential strike extension to the known mineralisation at the Glenburgh Gold Project. Regional geological interpretation suggests similar lithologies that host the Glenburgh Gold Project continue into the new ground. Opportunity to follow-up on quartz-magnetite breccia occurrences in the western part of tenure, previously identified by Hannans Ltd in 2021 as possible IOCG targets. 1 Vancouver, British Columbia--(Newsfile Corp. - February 13, 2025) - Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) (Benz or the Company) is pleased to announce that it has exercised the option agreement to acquire highly prospective tenements adjacent to the Glenburgh Gold Project in Western Australia, and a strategic tenement at the Mt Egerton Gold Project (Option Agreement). 2 Mark Lynch-Staunton, CEO commented: "We are thrilled to exercise this option over such a highly prospective land package along strike from the Glenburgh Gold Project. Our maiden drill program is already in full swing, with initial results anticipated in the coming weeks. With this strategic expansion, we're not only extending our search for Glenburgh-style gold mineralisation by another 20km, but we're also reinforcing our commitment to aggressively exploring and unlocking value in an underexplored gold district in Australia. This is an incredibly exciting time for Benz, and we can't wait to see what our ongoing drilling and expanded exploration efforts uncover." Figure 1: Location of the Glenburgh Project tenements and exercised option ground. To view an enhanced version of this graphic, please visit: Terms of the Option Agreement Pursuant to the Option Agreement, Benz has exercised the exclusive right to acquire four tenements from Mining Equities Pty Ltd (Vendor). Benz had the ability to exercise this option until 30 days following successful completion of the previously announced acquisition of the Glenburgh and Mt Egerton Gold Projects from Spartan Resources Limited (ASX: SPR) (Spartan). The following consideration is payable to the Vendor upon completion, which is expected to occur within 5 business days: issuance of 500,000 fully paid ordinary shares in Benz; and the grant of a 0.75% net smelter royalty. Refer to Appendix 1 for the complete tenement schedule of the option agreement. This announcement has been approved for release by the Board of Benz Mining Corp. For more information please contact: Mark Lynch-Staunton Chief Executive Officer Benz Mining Corp. E: mstaunton@ T: +61 8 6143 6702 About Benz Mining Corp. Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) is a pure-play gold exploration company dual-listed on the TSX Venture Exchange and Australian Securities Exchange. On 6 November 2024, Benz announced a binding agreement to acquire the Glenburgh and Mt Egerton Gold Projects in Western Australia from Spartan Resources Limited (ASX: SPR), which was completed on 14 January 2025 and marks a transformational step, establishing Benz as a multi-jurisdictional gold exploration company with a focus on unlocking value in underexplored assets. The Glenburgh Project features a Mineral Resource Estimate of 16.3Mt at 1.0 g/t Au (510,100 ounces of contained gold) 3. A technical report prepared under NI 43-101- Standards of Disclosure for Mineral Projects (NI 43-101) titled "NI 43-101 Technical Report on the Glenburgh - Egerton Gold Project, Western Australia" with an effective date of 16 December 2024 has been filed with the TSX Venture Exchange and is available under the Company's profile at Benz's key point of difference lies in its team's deep geological expertise and the use of advanced geological techniques, particularly in high-metamorphic terrane exploration. The Company aims to rapidly grow its global resource base and solidify its position as a leading gold explorer across two of the world's most prolific gold regions. The Company also owns the Eastmain Gold Project in Quebec, with a NI 43-101 and JORC (2012) compliant mineral resource of 1,005,000 ounces at 6.1g/t Au 4, showcasing Benz's focus on high-grade, high-margin assets in premier mining jurisdictions. To view an enhanced version of this graphic, please visit: For more information, please visit: Qualified Person (NI 43-101) The disclosure of scientific or technical information in this news release is based on, and fairly represents, information compiled by Dr Marat Abzalov. Dr Abzalov, who is a Qualified Person as defined by NI 43-101, and member in good standing as a Fellow of The Australasian Institute of Mining and Metallurgy (#202718). Dr Abzalov has reviewed and approved the technical information in this news release. Dr Abzalov has shares in Benz Mining Corp. Historical Mineral Resource Estimates All mineral resource estimates in respect of the Glenburgh and Mt Egerton Projects in this news release are considered to be "historical estimates" as defined under NI 43-101- Standards of Disclosure for Mineral Projects (NI 43-101). These historical estimates are not considered to be current and are not being treated as such. These estimates have been prepared in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC Code) and have not been reported in accordance with NI 43-101. A qualified person (as defined in NI 43-101) (Qualified Person) has not done sufficient work to classify the historical estimates as current mineral resources. A Qualified Person would need to review and verify the scientific information and conduct an analysis and reconciliation of historical data in order to verify the historical estimates as current mineral resources. Forward-Looking Statements Statements contained in this news release that are not historical facts are "forward-looking information" or "forward looking statements" (collectively Forward-Looking Information) as such term is used in applicable Canadian securities laws. Forward-Looking Information includes, but is not limited to, disclosure regarding the Glenburgh and Mt Egerton projects as well as certain tenements adjacent thereto and the anticipated benefits thereof, planned exploration and related activities on the Glenburgh and Mt Egerton projects. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipates", "complete", "become", "expects", "next steps", "commitments" and "potential", in relation to certain actions, events or results "could", "may", "will", "would", be achieved. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to, that the tenements associate with the Glenburgh and Mt Egerton projects that are still pending grant or undergoing the renewal process will be granted and/or renewed, as applicable, in the timely manner and on reasonable terms, and all conditions precedent to completion of the acquisitions will be satisfied, in a timely manner; the Company will be able to raise additional capital as necessary; the current exploration, development, environmental and other objectives concerning the Company's Projects (including Glenburgh and Mt Egerton) can be achieved; and the continuity of the price of gold and other metals, economic and political conditions, and operations. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at and Accordingly, readers should not place undue reliance on Forward-Looking Information. The Forward-looking information in this news release is based on plans, expectations, and estimates of management at the date the information is provided and the Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE. E09/2928 Granted 28/06/2023 13/02/2024 12/02/2029 70 E09/2929 Granted 28/06/2023 13/02/2024 12/02/2029 7 E09/2952 Granted 01/12/2023 25/07/2024 24/07/2029 36 E52/4360 Granted 18/06/2024 19/08/2024 18/08/2029 15 To view the source version of this press release, please visit
Yahoo
14-02-2025
- Automotive
- Yahoo
Benz Exercises Option over Strategic Ground Along Strike from the Glenburgh Gold Project
HIGHLIGHTS Benz has exercised the option to acquire highly prospective tenements adjacent to the Glenburgh Gold Project, increasing the total project tenure to ~898km2. Exercising the option has secured over ~20km of potential strike extension to the known mineralisation at the Glenburgh Gold Project. Regional geological interpretation suggests similar lithologies that host the Glenburgh Gold Project continue into the new ground. Opportunity to follow-up on quartz-magnetite breccia occurrences in the western part of tenure, previously identified by Hannans Ltd in 2021 as possible IOCG targets.1 Vancouver, British Columbia--(Newsfile Corp. - February 13, 2025) - Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) (Benz or the Company) is pleased to announce that it has exercised the option agreement to acquire highly prospective tenements adjacent to the Glenburgh Gold Project in Western Australia, and a strategic tenement at the Mt Egerton Gold Project (Option Agreement).2 Mark Lynch-Staunton, CEO commented: "We are thrilled to exercise this option over such a highly prospective land package along strike from the Glenburgh Gold Project. Our maiden drill program is already in full swing, with initial results anticipated in the coming weeks. With this strategic expansion, we're not only extending our search for Glenburgh-style gold mineralisation by another 20km, but we're also reinforcing our commitment to aggressively exploring and unlocking value in an underexplored gold district in Australia. This is an incredibly exciting time for Benz, and we can't wait to see what our ongoing drilling and expanded exploration efforts uncover." Figure 1: Location of the Glenburgh Project tenements and exercised option ground. To view an enhanced version of this graphic, please visit: Terms of the Option Agreement Pursuant to the Option Agreement, Benz has exercised the exclusive right to acquire four tenements from Mining Equities Pty Ltd (Vendor). Benz had the ability to exercise this option until 30 days following successful completion of the previously announced acquisition of the Glenburgh and Mt Egerton Gold Projects from Spartan Resources Limited (ASX: SPR) (Spartan). The following consideration is payable to the Vendor upon completion, which is expected to occur within 5 business days: issuance of 500,000 fully paid ordinary shares in Benz; and the grant of a 0.75% net smelter royalty. Refer to Appendix 1 for the complete tenement schedule of the option agreement. This announcement has been approved for release by the Board of Benz Mining Corp. For more information please contact:Mark Lynch-StauntonChief Executive OfficerBenz Mining Corp.E: mstaunton@ +61 8 6143 6702 About Benz Mining Corp. Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) is a pure-play gold exploration company dual-listed on the TSX Venture Exchange and Australian Securities Exchange. On 6 November 2024, Benz announced a binding agreement to acquire the Glenburgh and Mt Egerton Gold Projects in Western Australia from Spartan Resources Limited (ASX: SPR), which was completed on 14 January 2025 and marks a transformational step, establishing Benz as a multi-jurisdictional gold exploration company with a focus on unlocking value in underexplored assets. The Glenburgh Project features a Mineral Resource Estimate of 16.3Mt at 1.0 g/t Au (510,100 ounces of contained gold)3. A technical report prepared under NI 43-101- Standards of Disclosure for Mineral Projects (NI 43-101) titled "NI 43-101 Technical Report on the Glenburgh - Egerton Gold Project, Western Australia" with an effective date of 16 December 2024 has been filed with the TSX Venture Exchange and is available under the Company's profile at Benz's key point of difference lies in its team's deep geological expertise and the use of advanced geological techniques, particularly in high-metamorphic terrane exploration. The Company aims to rapidly grow its global resource base and solidify its position as a leading gold explorer across two of the world's most prolific gold regions. The Company also owns the Eastmain Gold Project in Quebec, with a NI 43-101 and JORC (2012) compliant mineral resource of 1,005,000 ounces at 6.1g/t Au4, showcasing Benz's focus on high-grade, high-margin assets in premier mining jurisdictions. To view an enhanced version of this graphic, please visit: For more information, please visit: Qualified Person (NI 43-101) The disclosure of scientific or technical information in this news release is based on, and fairly represents, information compiled by Dr Marat Abzalov. Dr Abzalov, who is a Qualified Person as defined by NI 43-101, and member in good standing as a Fellow of The Australasian Institute of Mining and Metallurgy (#202718). Dr Abzalov has reviewed and approved the technical information in this news release. Dr Abzalov has shares in Benz Mining Corp. Historical Mineral Resource Estimates All mineral resource estimates in respect of the Glenburgh and Mt Egerton Projects in this news release are considered to be "historical estimates" as defined under NI 43-101- Standards of Disclosure for Mineral Projects (NI 43-101). These historical estimates are not considered to be current and are not being treated as such. These estimates have been prepared in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC Code) and have not been reported in accordance with NI 43-101. A qualified person (as defined in NI 43-101) (Qualified Person) has not done sufficient work to classify the historical estimates as current mineral resources. A Qualified Person would need to review and verify the scientific information and conduct an analysis and reconciliation of historical data in order to verify the historical estimates as current mineral resources. Forward-Looking Statements Statements contained in this news release that are not historical facts are "forward-looking information" or "forward looking statements" (collectively Forward-Looking Information) as such term is used in applicable Canadian securities laws. Forward-Looking Information includes, but is not limited to, disclosure regarding the Glenburgh and Mt Egerton projects as well as certain tenements adjacent thereto and the anticipated benefits thereof, planned exploration and related activities on the Glenburgh and Mt Egerton projects. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipates", "complete", "become", "expects", "next steps", "commitments" and "potential", in relation to certain actions, events or results "could", "may", "will", "would", be achieved. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to, that the tenements associate with the Glenburgh and Mt Egerton projects that are still pending grant or undergoing the renewal process will be granted and/or renewed, as applicable, in the timely manner and on reasonable terms, and all conditions precedent to completion of the acquisitions will be satisfied, in a timely manner; the Company will be able to raise additional capital as necessary; the current exploration, development, environmental and other objectives concerning the Company's Projects (including Glenburgh and Mt Egerton) can be achieved; and the continuity of the price of gold and other metals, economic and political conditions, and operations. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at and Accordingly, readers should not place undue reliance on Forward-Looking Information. The Forward-looking information in this news release is based on plans, expectations, and estimates of management at the date the information is provided and the Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE. Appendix 1: Schedule of Tenements Tenement Status Date of Application Date of Grant Date of Expiry Size (BL) E09/2928 Granted 28/06/2023 13/02/2024 12/02/2029 70 E09/2929 Granted 28/06/2023 13/02/2024 12/02/2029 7 E09/2952 Granted 01/12/2023 25/07/2024 24/07/2029 36 E52/4360 Granted 18/06/2024 19/08/2024 18/08/2029 15 ________________________1 ASX: HNR announcement 2nd Sept 2021; Moogie Project Update2 ASX: BNZ announcement 4 December 2024: Benz Secures Option Over Strategic Ground Adjacent To Glenburgh Gold Project3 Indicated: 13.5Mt at 1.0g/t Au for 430.7koz; Inferred: 2.8Mt at 0.9g/t Au for 79.4koz4 Indicated: 1.3Mt at 9.0g/t Au for 384koz; Inferred: 3.8Mt at 5.1g/t Au for 621koz To view the source version of this press release, please visit
Yahoo
06-02-2025
- Business
- Yahoo
Benz Commences Maiden Drill Program at Glenburgh
HIGHLIGHTS Maiden drill program set to commence at the 100% owned Glenburgh Gold Project, with drill rig mobilisation underway and drilling scheduled to start end of this week with highly regarded drilling contractor, TopDrill. Drilling to target high-grade extensions at Zone 126 and Apollo (Figures 1 to 4) following up hits including:1 8m @ 11.6g/t Au from 187m - VRC1076 28m @ 5g/t Au from 156m - VRC0580 24m @ 9.1g/t Au from 127m - VRC0535 14m @ 8.9 g/t Au from 227m - VRC0578 Close spaced orebody knowledge drilling planned at Icon deposit to provide detailed geological and grade insights to guide upcoming resource model updates. Drill program to run throughout February and March 2025, supporting resource growth in a tier-1 gold jurisdiction. Geological reinterpretation underway, incorporating learnings and geological insights from high-grade metamorphic terrain deposits including the world class Tropicana gold deposit. Historical drill pulps are undergoing XRF multielement analysis to assist in refining orebody modelling. Geological mapping and structural re-logging of all available core has commenced. An updated mineral resource estimate is anticipated H2 2025 following the completion of the maiden drill program and in-depth geological reinterpretation. Vancouver, British Columbia--(Newsfile Corp. - February 5, 2025) - Benz Mining Corp. (ASX: BNZ) (TSXV: BZ) (Benz or the Company) is pleased to announce the commencement of its maiden drill program at the 100% owned Glenburgh Gold Project in Western Australia. The drill rig is scheduled to mobilise to site at the end of this week, with drilling operations expected to continue throughout February and March 2025. Benz CEO, Mark Lynch-Staunton, commented: "We're thrilled to hit the ground running at Glenburgh, launching our maiden drill program just weeks after completing the acquisition. This is a major step forward for Benz as we focus on unlocking the full potential of this exciting gold project. "The drill program is designed to target high-grade gold extensions at key areas such as Zone 126 and Apollo, where historical results have shown exceptional gold grades. With gold prices near all-time highs and a bullish forecast ahead, the opportunity to leverage these conditions through high-grade resource expansion has never been better. "We are confident this program has the potential to deliver meaningful results, supporting strong resource growth in a tier-1 gold jurisdiction. We look forward to keeping the market updated as the campaign progresses." Figure 1: Plan view of Glenburgh Gold Project. Black polygons delineate the focus areas of this upcoming 2025 Maiden drill program. To view an enhanced version of this graphic, please visit: Figure 2: Looking north, split long section of mineralised system at Glenburgh (yellow) showing key high-grade gold target extension areas. Drilling will focus on extending the projected eastern shallow plunge of the overall mineralised system. Additional targets are currently being developed to test extensions under Zone 102 and Shelby deposits. To view an enhanced version of this graphic, please visit: Figure 3: Zone 126 Long Section. To view an enhanced version of this graphic, please visit: Figure 4: Zone 126 cross section. To view an enhanced version of this graphic, please visit: This announcement has been approved for release by the Board of Benz Mining Corp. For more information please contact:Mark Lynch-StauntonChief Executive OfficerBenz Mining Corp.E: mstaunton@ +61 8 6143 6702 About Benz Mining Corp. Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) is a pure-play gold exploration company dual-listed on the TSX Venture Exchange and Australian Securities Exchange. On 6 November 2024, Benz announced a binding agreement to acquire the Glenburgh and Mt Egerton Gold Projects in Western Australia from Spartan Resources Limited (ASX: SPR), which was completed on 14 January 2025 and marks a transformational step, establishing Benz as a multi-jurisdictional gold exploration company with a focus on unlocking value in underexplored assets. The Glenburgh Project features a Mineral Resource Estimate of 16.3Mt at 1.0 g/t Au (510,100 ounces of contained gold)2. A technical report prepared under NI 43-101- Standards of Disclosure for Mineral Projects (NI 43-101) titled "NI 43-101 Technical Report on the Glenburgh - Egerton Gold Project, Western Australia" with an effective date of 16 December 2024 has been filed with the TSX Venture Exchange and is available under the Company's profile at Benz's key point of difference lies in its team's deep geological expertise and the use of advanced geological techniques, particularly in high-metamorphic terrane exploration. The Company aims to rapidly grow its global resource base and solidify its position as a leading gold explorer across two of the world's most prolific gold regions. The Company also owns the Eastmain Gold Project in Quebec, with a NI 43-101 and JORC (2012) compliant mineral resource of 1,005,000 ounces at 6.1g/t Au3, showcasing Benz's focus on high-grade, high-margin assets in premier mining jurisdictions. To view an enhanced version of this graphic, please visit: For more information, please visit: Competent Person's Statement (JORC Code) The Mineral Resource Estimates for the Eastmain Project and the Glenburgh Project were previously reported in accordance with Listing Rule 5.8 on 24 May 2023 and 6 November 2024, respectively. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and confirms that all material assumptions and technical parameters underpinning the Estimates continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements. The information in this announcement that relates to historical exploration results for the Glenburgh Project was first reported to the ASX in accordance with ASX Listing Rule 5.7 on 6 November 2024. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. Historical Mineral Resource Estimates All mineral resource estimates in respect of the Glenburgh Project in this news release are considered to be "historical estimates" as defined under NI 43-101. These historical estimates are not considered to be current and are not being treated as such. These estimates have been prepared in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC Code) and have not been reported in accordance with NI 43-101. A qualified person (as defined in NI 43-101) (Qualified Person) has not done sufficient work to classify the historical estimates as current mineral resources. A Qualified Person would need to review and verify the scientific information and conduct an analysis and reconciliation of historical data in order to verify the historical estimates as current mineral resources. Forward-Looking Statements Statements contained in this news release that are not historical facts are "forward-looking information" or "forward looking statements" (collectively Forward-Looking Information) as such term is used in applicable Canadian securities laws. Forward-Looking Information includes, but is not limited to, disclosure regarding the acquisition of the Glenburgh and Mt Egerton projects as well as certain tenements adjacent thereto and the anticipated benefits thereof, planned exploration and related activities on the Glenburgh and Mt Egerton projects. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipates", "complete", "become", "expects", "next steps", "commitments" and "potential", in relation to certain actions, events or results "could", "may", "will", "would", be achieved. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to, that the tenements associate with the Glenburgh and Mt Egerton projects that are still pending grant or undergoing the renewal process will be granted and/or renewed, as applicable, in the timely manner and on reasonable terms, and all conditions precedent to completion of the acquisitions will be satisfied, in a timely manner; the Company will be able to raise additional capital as necessary; the current exploration, development, environmental and other objectives concerning the Company's Projects (including Glenburgh and Mt Egerton) can be achieved; and the continuity of the price of gold and other metals, economic and political conditions, and operations. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at and Accordingly, readers should not place undue reliance on Forward-Looking Information. The Forward-looking information in this news release is based on plans, expectations, and estimates of management at the date the information is provided and the Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE. Appendix 1: Schedule of Tenements for the Glenburgh and Egerton Projects Tenement Number Grant/ Application Date Expiry Date Status Registered Holder Glenburgh Project E09/1325 29.03.2007 28.03.2025 Live Gascoyne Resources (WA) Pty Ltd E09/1764 09.05.2011 08.05.2025 Live Gascoyne Resources (WA) Pty Ltd E09/1865 19.12.2011 18.12.2025 Live Gascoyne Resources (WA) Pty Ltd E09/1866 19.12.2011 18.12.2025 Live Gascoyne Resources (WA) Pty Ltd E09/2025 07.02.2014 06.02.2026 Live Gascoyne Resources (WA) Pty Ltd E09/2148 15.09.2016 14.09.2026 Live Gascoyne Resources (WA) Pty Ltd E09/2352 26.02.2019 N/A Pending Gascoyne Resources (WA) Pty Ltd E09/2730 04.07.2023 03.07.2028 Live Gascoyne Resources (WA) Pty Ltd L09/56 02.07.2014 01.07.2035 Live Gascoyne Resources (WA) Pty Ltd L09/62 02.12.2014 01.12.2035 Live Gascoyne Resources (WA) Pty Ltd M09/148 10.02.2014 09.02.2035 Live Gascoyne Resources (WA) Pty Ltd M09/181 31.03.2021 N/A Pending Gascoyne Resources (WA) Pty Ltd Mt Egerton Project E52/2117 20.11.2008 19.11.2024 Live Egerton Exploration Pty Ltd E52/2515 11.02.2010 11.02.2026 Live Egerton Exploration Pty Ltd E52/3574 06.11.2017 05.11.2027 Live Egerton Exploration Pty Ltd E52/3756 11.02.2020 10.02.2025 Live Egerton Exploration Pty Ltd E52/3894 05.01.2021 04.01.2026 Live Egerton Exploration Pty Ltd M52/343 11.11.1992 10.11.2034 Live Egerton Exploration Pty Ltd M52/567 02.08.1995 01.08.2037 Live Egerton Exploration Pty Ltd 1 Refer to ASX Announcement dated 6 November 2024: "Benz To Acquire WA Gold Projects from Spartan Resources"2 Indicated: 13.5Mt at 1.0g/t Au for 430.7koz; Inferred: 2.8Mt at 0.9g/t Au for 79.4koz3 Indicated: 1.3Mt at 9.0g/t Au for 384koz; Inferred: 3.8Mt at 5.1g/t Au for 621koz To view the source version of this press release, please visit
