Benz Announces Acceleration of Glenburgh Growth Story: >250,000m Drilling Planned in 2026

Executive Summary

• Benz Mining Corp. announces it is fully funded (A$94 M pro‑forma cash) to execute >250,000 m of drilling at the Glenburgh Gold Project in 2026.
• The project’s mining lease has been re‑defined into three distinct gold camps—Hurricane, Icon and newly identified Thunderbolt—each large enough to support a standalone gold operation.
• A comprehensive 2026 exploration program will target high‑grade growth (Hurricane), bulk‑tonnage scale testing (Icon) and first‑pass drilling of the underexplored Thunderbolt camp, alongside regional soil, gravity and geochemical surveys across the ~80 km district trend.

Key Details

• Funding: A$94 million pro‑forma cash after a recent A$75 million bought‑deal financing.
• Drilling Plan 2026: >250,000 m of drilling across all three camps (Hurricane, Icon, Thunderbolt).
• Hurricane Camp: Step‑out drilling along Zone 126 high‑grade trend; test Hurricane target and NE3 for next high‑grade breakthrough.
• Icon Camp: Systematic step‑out drilling over >3 km Icon trend to depths of ~300–500 m to expand bulk‑tonnage continuity.
• Thunderbolt Camp: First‑pass drilling to ~500 m depth; aims to prove geological analogy with Hurricane and Icon camps.
• Regional Exploration (2026):
• Soil sampling over parts of the 80 km district trend.
• Extended ground gravity survey planned (following a successful 6 km trial in 2025).
• Geological Advances: 2025 surface mapping resolved Glenburgh into three major fold‑controlled gold camps; mining lease now reflects this structure.
• Scoping‑Level Work: Diamond rig mobilised for metallurgical, geotechnical and orebody studies to evaluate development pathways.
• Resource Definition Planning: Detailed planning underway for a H2 2026 infill program targeting high‑grade ounces and resource growth; close‑spaced drilling has already identified missed high‑grade intercepts.
• Historical Work Referenced:

• 3,000 surface samples collected in 2025 (ICP‑MS analysis pending).

• 6 km ground gravity survey completed in 2025, integrated with airborne magnetic data to refine fold geometry interpretation.
• CEO Quote (Mark Lynch‑Staunton): Emphasised Glenburgh’s “inflection point,” the significance of the newly identified Thunderbolt camp, and confidence that the funded drilling program will accelerate resource growth.

Notable Quotes

“Glenburgh has reached a genuine inflection point… With A$94 million pro forma cash, Benz is funded to move fast, with >250,000 metres of drilling planned in 2026 across exploration and resource definition.” – Mark Lynch‑Staunton, CEO

All forward‑looking statements are subject to risks and uncertainties as outlined in the release.