Benz Mining
Benz Mining Corp. is a pre-revenue gold exploration company advancing the Glenburgh and Mt Egerton projects in Western Australia and the Eastmain project in Quebec, targeting multi-million-ounce mineral resource definition for institutional and retail mining investors via the ASX and TSX-V.
- Company typePublic
- Founded2019
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Benz Mining does
Benz Mining Corp. (ASX: BNZ / TSX-V: BZ) is a pre-revenue junior gold exploration company dual-listed in Australia and Canada, advancing three 100%-owned gold projects in tier-one mining jurisdictions. Its flagship is the Glenburgh Gold Project in Western Australia — a district-scale gold belt on the northern margin of the Yilgarn Craton with approximately 80 km of strike, an established 510 koz Indicated and Inferred resource (16.3 Mt at ~1.0 g/t Au), a maiden 10.1–12.0 Moz exploration target (485–540 Mt at 0.6–0.7 g/t Au, ~80% drill-defined), and metallurgical testwork confirming 95.5% gold extraction within 24 hours via standard cyanidation at the Icon deposit. The project sits on a granted mining lease with access road, clearing permit and water licence already in place. Two satellite assets round out the portfolio: the high-grade near-surface Mt Egerton Gold Project in Western Australia (~180 km², two granted mining leases, initial 27 koz open-pit resource with exceptional historical intercepts such as 9 m at 107.2 g/t Au) and the Eastmain Gold Project in Quebec, Canada, hosting a maiden 1,005,000 oz JORC resource at 6.1 g/t Au (including 384,000 oz Indicated at 9.0 g/t Au) with mineralisation open in all directions and additional discoveries at Suzanna and Michel up to 10 km along strike.
The company's underlying technical capability rests on structural geology expertise applied to complex metamorphosed host rocks, including folded geometry navigation that the team (notably consultant geologist Ben McCormack) developed during the early growth of the Tropicana Gold Project. Exploration work uses systematic fence-line drilling, metallurgical testwork, and wireframe modelling to convert exploration targets toward mineral resource definition. The 2026 work program targets over 250,000 metres of drilling across the Hurricane, Icon and Thunderbolt camps at Glenburgh.
Benz Mining currently generates no product revenue. Its business model is equity capital raising on the ASX (via CHESS Depositary Interests) and TSX-V, deploying proceeds into exploration drilling, resource definition, metallurgical studies and (at Eastmain) a scoping study. The company completed an A$75M bought deal private placement in February 2026 led by Euroz Hartleys and SCP Resource Finance, with related-party and follow-on tranches bringing total 2025–2026 capital raised to more than A$118M and pro forma cash to approximately A$94M. Its primary customers in the capital-raising sense are institutional and retail mining-sector investors (TSX-V and ASX), supported by Ramelius Resources as a strategic minority shareholder; future commercial customers (gold buyers and offtake counterparties) do not yet exist because no commercial production has commenced.
Benz Mining firmographics
Firmographics- Name
- Benz Mining
- Legal name
- Benz Mining Corp.
- Website
- https://benzmining.com
- Company type
- Public
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Benz Mining Corp. is a pre-revenue gold exploration company advancing the Glenburgh and Mt Egerton projects in Western Australia and the Eastmain project in Quebec, targeting multi-million-ounce mineral resource definition for institutional and retail mining investors via the ASX and TSX-V.
- Ownership category
- akta.pro rank
Benz Mining industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220), Gold Ore and Silver Ore Mining (21222)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
- akta.pro secondary industry
- Gold Mining (IMAKAEAA)
Keywords
Where Benz Mining is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices4 records
Markets served
Benz Mining business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Gold Production (Future): Pre-revenue exploration company. Future revenue will be generated from gold production and sales once projects advance from exploration through development to production. Company has established resource base (510 koz at Glenburgh, 1,005,000 oz at Eastmain) providing foundation for potential future gold sales.
- Equity Capital Raising: Current primary funding mechanism through private placements of CHESS Depositary Interests (CDIs) on ASX and TSX-V exchanges. Completed A$75M bought deal and additional placements totaling over A$118M in 2025-2026 to fund exploration activities.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels7 records
Benz Mining product offering
Product offeringCore offering
Benz Mining Corp. is a publicly listed gold exploration and development company advancing three 100%-owned gold projects in tier-one mining jurisdictions: the flagship Glenburgh Gold Project in Western Australia (district-scale belt with 510 koz established resource and 10.1–12.0 Moz exploration target), the Mt Egerton Gold Project in Western Australia (high-grade near-surface optionality with historical intercepts of 9m at 107.2 g/t Au), and the Eastmain Gold Project in Quebec, Canada (1.0 Moz maiden JORC resource at 6.1 g/t Au). The company is pre-revenue and pre-production, focused on resource expansion through aggressive drilling programs targeting future commercial gold production.
Product overview
Benz Mining Corp is a gold exploration and mining company with three core projects across two jurisdictions. The company operates a portfolio of gold projects: the flagship Glenburgh Gold Project (Western Australia) as a large-scale district opportunity with existing 510 koz resource, the nearby Mt Egerton Gold Project (Western Australia) providing high-grade near-surface optionality, and the Eastmain Gold Project (Quebec, Canada) offering high-grade resources of 1.0 Moz at 6.1 g/t Au. The projects are exploration and development-stage assets rather than producing operations, with the company focused on expanding resources through aggressive drilling programs toward mineral resource definition.
Differentiator
Problem solved
Functional benefit
Products and services
- Glenburgh Gold Project Benz Mining's flagship gold asset, a district-scale gold belt at the northern margin of the Yilgarn Craton in Western Australia with approximately 80 km of strike. Currently holds an established resource base of 16.3 Mt at approximately 1.0 g/t Au for 510 koz (Indicated and Inferred), with a maiden Exploration Target of 10.1–12.0 Moz (485–540 Mt at 0.6–0.7 g/t Au) approximately 80% drill-defined. The project sits on a granted mining lease with access road, clearing permit, and water licence in place.
- Mt Egerton Gold Project A high-grade, near-surface gold project located approximately 220 km north-west of Meekatharra in Western Australia. Covers approximately 180 km² over two granted mining leases and associated exploration licences. Features historical Hibernian Mine area with initial open-pit resource of 0.28 Mt at 3.1 g/t Au for 27 koz, with exceptional historical intercepts including 9m at 107.2 g/t Au. Has potential for 'truckable ounces' into existing regional processing infrastructure.
- Eastmain Gold Project A gold and copper project located in the Upper Eastmain Greenstone Belt in Quebec, Canada. Hosts a maiden JORC resource of 1,005,000 ounces at 6.1 g/t Au, including 384,000 ounces of Indicated resources at 9.0 g/t Au, with mineralisation remaining open in all directions. Also includes multiple new high-grade gold and copper discoveries at Suzanna and Michel, up to 10 km along strike from the existing resource.
Quantifiable outcome
- 95.5% gold extraction rate at Icon deposit within 24 hours via cyanidation
- +3 more outcomes
Companies that use Benz Mining
Customer profileSegments2 records
Ideal customer profiles2 records
Benz Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Benz Mining partnerships and signals
Strategic signalScale indicators9 records
Recent moves6 records
Expansion highlights6 records
Benz Mining competitors and assessment
Company assessmentEmerging players
- Capricorn Metals: ASX-listed gold developer advancing the Mt Gibson gold project in Western Australia toward production. Comparable in stage and jurisdiction, providing a benchmark for transitioning from explorer to developer status.
- De Grey Mining: ASX-listed gold explorer-developer with the Hemi discovery in the Pilbara region of Western Australia. Provides comparability on multi-million-ounce district-scale gold discovery value creation in Western Australia.
- Alderan Resources: ASX-listed gold and copper explorer with non-executive director Peter Williams (also on Benz's board). Comparable in scale and jurisdiction, representing a small-cap peer in the Western Australian gold exploration space.
Direct peers
- Troilus Gold: Canadian-listed (TSX) gold development company advancing the Troilus project in Quebec. Closely comparable to Benz's Eastmain project as a junior Quebec gold developer with similar resource scale and development stage.
- Matador Mining: ASX-listed junior gold explorer focused on the Cape Ray gold project in Newfoundland. Comparable as a small-cap gold explorer advancing single-asset resource growth via systematic exploration in a tier-one jurisdiction.
- Karora Resources: TSX-listed gold producer with the Beta Hunt and Higginsville operations in Western Australia. Comparable in dual ASX/TSX-V listing structure and Western Australian gold focus, representing a regional peer in transition from explorer to producer.
- Bellevue Gold: ASX-listed junior gold developer with a single flagship high-grade project in Western Australia. Comparable in scale, jurisdiction, and pre-production resource base to Benz's Glenburgh asset.
- Spartan Resources: ASX-listed gold explorer that previously divested the Glenburgh and Mt Egerton projects to Benz Mining. Direct predecessor in ownership of the same Western Australian gold assets and a participant in Benz's 2025 financing.
Broad incumbents
- Ramelius Resources: Western Australian mid-tier gold producer and Benz's strategic minority shareholder. Provides direct comparability on regional gold economics, processing infrastructure, and potential offtake/M&A pathway in the same jurisdiction.
- Northern Star Resources: Major Australian gold producer with significant Western Australian operations. Director Nick Jolly previously held management roles at Northern Star, and the company represents a plausible strategic acquirer of Benz's Glenburgh asset at scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Benz Mining social profiles
Digital presenceBenz Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Benz Mining leadership team
Management profileNumber of profiles
Profiles9 records
Benz Mining funding detail
Funding detailFunding overview
Funding rounds5 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Benz Mining M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Benz Mining
What does Benz Mining do?
Benz Mining Corp. is a publicly listed gold exploration and development company advancing three 100%-owned gold projects in tier-one mining jurisdictions: the flagship Glenburgh Gold Project in Western Australia (district-scale belt with 510 koz established resource and 10.1–12.0 Moz exploration target), the Mt Egerton Gold Project in Western Australia (high-grade near-surface optionality with historical intercepts of 9m at 107.2 g/t Au), and the Eastmain Gold Project in Quebec, Canada (1.0 Moz maiden JORC resource at 6.1 g/t Au). The company is pre-revenue and pre-production, focused on resource expansion through aggressive drilling programs targeting future commercial gold production.
Is Benz Mining a public or private company?
Benz Mining is a public company. It is classified as public and is currently operating.
When was Benz Mining founded?
Benz Mining was founded in 2019. It employs 11 to 50 people.
Where is Benz Mining based?
Benz Mining is headquartered in Vancouver, Canada, in the North America region.
How does Benz Mining make money?
Two revenue lines are on record. Gold Production (Future) is the primary driver. The others are equity Capital Raising.
Who are Benz Mining's main competitors?
Emerging players on record are Capricorn Metals, De Grey Mining and Alderan Resources. Direct peers are Troilus Gold, Matador Mining, Karora Resources, Bellevue Gold and Spartan Resources. Broad incumbents are Ramelius Resources and Northern Star Resources.
Does Benz Mining have an API?
No public API is recorded for Benz Mining.
What industry is Benz Mining in?
Benz Mining's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development, with a secondary code of IMAKAEAA, Gold Mining. Its NAICS code is 212220 and its SIC code is 1040.