Benz Mining Raises AU$30 Million to Fund Increased Drilling Capacity at Western Australia Gold Project; Shares Hit 4.5-Year High

MT Newswires Live

Aug 13, 2025

Benz Mining (ASX:BNZ) said it would raise AU$30 million via a bought deal, allowing it to accelerate exploration at the Glenburgh gold project in Western Australia, including increasing drilling capacity to four rigs to test the emerging bulk-tonnage gold system at the Icon deposit and other targets, according to a Wednesday Australian bourse filing.

The company received commitments for a placement of 30.5 million new fully-paid CHESS depositary interests via a bought deal at an issue price of AU$0.985 apiece.

The company will also use the funds to conduct exploration targeting high-grade near-surface mineralization at the Mt. Egerton gold project in Western Australia, a scoping study at the Eastmain gold mine in Canada, as well as for working capital and corporate costs.

The firm's shares climbed past 15% in recent trading on Wednesday, earlier hitting their highest since February 2021.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2559667987"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2559667987\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2559667987?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-08-13 12:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2559667987","market":"sg","top_or_hot":-1,"title":"Benz Mining Raises AU$30 Million to Fund Increased Drilling Capacity at Western Australia Gold Project; Shares Hit 4.5-Year High","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/BNZ.AU\">Benz Mining</a> (ASX:BNZ) said it would raise AU$30 million via a bought deal, allowing it to accelerate exploration at the Glenburgh gold project in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a>, including increasing drilling capacity to four rigs to test the emerging bulk-tonnage gold system at the Icon deposit and other targets, according to a Wednesday Australian bourse filing.</p><p>The company received commitments for a placement of 30.5 million new fully-paid CHESS depositary interests via a bought deal at an issue price of AU$0.985 apiece.</p><p>The company will also use the funds to conduct exploration targeting high-grade near-surface mineralization at the Mt. Egerton gold project in Western Australia, a scoping study at the Eastmain gold mine in Canada, as well as for working capital and corporate costs.</p><p>The firm's shares climbed past 15% in recent trading on Wednesday, earlier hitting their highest since February 2021.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Benz Mining Raises AU$30 Million to Fund Increased Drilling Capacity at Western Australia Gold Project; Shares Hit 4.5-Year High</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBenz Mining Raises AU$30 Million to Fund Increased Drilling Capacity at Western Australia Gold Project; Shares Hit 4.5-Year High\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-08-13 12:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/BNZ.AU\">Benz Mining</a> (ASX:BNZ) said it would raise AU$30 million via a bought deal, allowing it to accelerate exploration at the Glenburgh gold project in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a>, including increasing drilling capacity to four rigs to test the emerging bulk-tonnage gold system at the Icon deposit and other targets, according to a Wednesday Australian bourse filing.</p><p>The company received commitments for a placement of 30.5 million new fully-paid CHESS depositary interests via a bought deal at an issue price of AU$0.985 apiece.</p><p>The company will also use the funds to conduct exploration targeting high-grade near-surface mineralization at the Mt. Egerton gold project in Western Australia, a scoping study at the Eastmain gold mine in Canada, as well as for working capital and corporate costs.</p><p>The firm's shares climbed past 15% in recent trading on Wednesday, earlier hitting their highest since February 2021.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XAO.AU","symbol_name":"标普/澳交所 普通股指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2559667987","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2559667987","pubTimestamp":1755059260,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Benz Mining  said it would raise AU$30 million via a bought deal, allowing it to accelerate exploration at the Glenburgh gold project in Western Australia, including increasing drilling capacity to four rigs to test the emerging bulk-tonnage gold system at the Icon deposit and other targets, according to a Wednesday Australian bourse filing.The company received commitments for a placement of 30.5 million new fully-paid CHESS depositary interests via a bought deal at an issue price of AU$0.985 apiece.The company will also use the funds to conduct exploration targeting high-grade near-surface mineralization at the Mt. Egerton gold project in Western Australia, a scoping study at the Eastmain gold mine in Canada, as well as for working capital and corporate costs.The firm's shares climbed past 15% in recent trading on Wednesday, earlier hitting their highest since February 2021.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"XAO.AU":"标普/澳交所 普通股指数","BNZ.AU":"Benz Mining","XJO.AU":"标普/澳交所 200指数","WRN":"西方铜金","BK4168":"多种金属与采矿","XKO.AU":"标普/澳交所 300指数","BK7095":"多种金属与采矿"},"translate_title":"Benz Mining筹集3000万澳元，用于资助西澳大利亚黄金项目增加钻探能力；股价创4.5年新高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XAO.AU":1,"BNZ.AU":0.9,"1OZmain":1,"XJO.AU":1,"XKO.AU":1,"WRN":1},"content_text":"Benz Mining (ASX:BNZ) said it would raise AU$30 million via a bought deal, allowing it to accelerate exploration at the Glenburgh gold project in Western Australia, including increasing drilling capacity to four rigs to test the emerging bulk-tonnage gold system at the Icon deposit and other targets, according to a Wednesday Australian bourse filing.The company received commitments for a placement of 30.5 million new fully-paid CHESS depositary interests via a bought deal at an issue price of AU$0.985 apiece.The company will also use the funds to conduct exploration targeting high-grade near-surface mineralization at the Mt. Egerton gold project in Western Australia, a scoping study at the Eastmain gold mine in Canada, as well as for working capital and corporate costs.The firm's shares climbed past 15% in recent trading on Wednesday, earlier hitting their highest since February 2021.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}