Benz Announces New Ultra High Grade Gold Discovery at Mt Egerton

Executive Summary

• Discovery of the ultra‑high‑grade Kilkenny Zone beneath historic Hibernian Mine, intersecting 7 m @ 223 g/t Au (including 11 m @ 144 g/t Au).
• Intercepts validate Benz’s structural model for Mt Egerton, suggesting multiple stacked high‑grade shoots along the corridor.
• Additional high‑grade historic intercepts at Hibernian (9 m @ 107 g/t Au, 5 m @ 96 g/t Au, 4 m @ 92 g/t Au) and new regional targets (e.g., Gift 17 m @ 6.8 g/t Au) highlight a larger emerging gold camp.

Key Details

• Kilkenny Zone intercept: Hole 26EGN013 – 270‑281 m depth, 144.2 g/t Au over 11 m (includes 7 m @ 223 g/t Au).
• Other notable intercepts:
• Hole 26EGN007 – 142‑144 m, 1.2 g/t Au (2 m)
• Hole 26EGN003 – multiple low‑grade intervals (1.5 g/t Au, 1.1 g/t Au, etc.)
• Historical Hibernian intercepts: 9 m @ 107.2 g/t Au; 5 m @ 96.7 g/t Au; 4 m @ 91.9 g/t Au.
• Regional targets:
• Gift prospect – 17 m @ 6.8 g/t Au (previous).
• Galway, Mako‑Gift‑Trading Post cluster identified as additional drill targets.
• Drilling program: 12 RC holes reported; collars and depths listed in Appendix 1.
• Structural interpretation: Dilational zones created by oblique shear intersecting folded gabbro sill control mineralisation; Kilkenny is a repeat of Hibernian’s structural setting.
• Next steps: Advance drilling at Mako‑Gift‑Trading Post cluster, extend Kilkenny testing, map additional targets along Hibernian corridor (e.g., Galway). Assay results from remaining program pending.

Notable Quotes

“The Kilkenny discovery confirms the structural framework our team has been developing… It gives us confidence that the geological model is working.” – Mark Lynch‑Staunton, CEO

All technical data are NI 43‑101 compliant and have been reviewed by Qualified Person Mark Lynch‑Staunton.