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Benz Mining Corp (2)
Symbol BZ
Shares Issued 187,320,614
Close 2024-12-16 C$ 0.29
Market Cap C$ 54,322,978
Recent Sedar Documents

Benz Mining shareholders approve all matters at AGSM

2024-12-17 07:03 ET - News Release

Mr. Mark Lynch-Staunton reports

BENZ ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING

Benz Mining Corp. has released the results of voting at its annual general and special meeting of shareholders held on Tuesday, Dec. 17, 2024, at 10 a.m. Australian Western Standard Time in Perth, Australia.

All matters submitted to shareholders for approval, as set out in the company's notice of annual general and special meeting of shareholders and information circular dated Nov. 15, 2024, were approved by the requisite majority of votes cast at the meeting.

A total of 41,010,211 common shares were voted at the meeting, representing approximately 24.25 per cent of the total issued and outstanding common shares of the company as of the record date of the meeting.

About Benz Mining Corp.

Benz Mining is a pure-play gold exploration company. The company owns the Eastmain gold project in Quebec, with a National Instrument 43-101-compliant and Mineral Resources and Ore Reserves-compliant (2012) mineral resource of 1,005,000 ounces at 6.1 grams per tonne gold, showcasing Benz's focus on high-grade, high-margin assets in premier mining jurisdictions.

On Nov. 6, 2024, Benz signed a binding agreement to acquire the Glenburgh and Mount Egerton gold projects in Western Australia from Spartan Resources Ltd. This acquisition, once completed, will mark a transformational step, establishing Benz as a multijurisdictional gold exploration company with a focus on unlocking value in underexplored assets. The Glenburgh project features a mineral resource estimate of 16.3 million tonnes at one gram per tonne gold (510,100 ounces of contained gold).

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.

Competent person's statement (JORC code)

The mineral resource estimates for the Eastmain project and the Glenburgh project were previously reported in accordance with Australian Securities Exchange Listing Rule 5.8 on May 24, 2023, and Nov. 6, 2024, respectively. The company confirms that it is not aware of any new information or data that materially affect 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.

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