Benz Mining raises A$150 million to accelerate Glenburgh drilling program

Reuters2026/08/23 23:30

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Benz Mining raised AUD 150 million in an institutional placement to accelerate drilling at its Glenburgh gold project.
Issued 40,400,000 new CDIs at AUD 3.71 each, matching the prior close price.
Funding adds six drill rigs, lifting the on-site fleet to 14 rigs, to fast-track a planned 450,000-meter drill program.
Maiden Mineral Resource Estimate for Glenburgh targeted for H1 2027.
Settlement expected Aug. 28, 2026; new CDIs expected to start trading Aug. 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Benz Mining Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608231930NEWSFILECNPR____20260823_310982_1) on August 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Benz Mining raises A$150 million to accelerate Glenburgh drilling program

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