JUNIORMETRICS

Benz Mining CorpB

BENZF·BZ·BNZ·US$2.71 (CAD 3.84)·US$1B cap
GoldGlenburgh Gold Project, Gascoyne Region, Western Australia Map

Benz Mining Corp (TSXV: BZ; also ASX-listed as BNZ) is advancing the Glenburgh Gold Project in the Gascoyne region of Western Australia, positioning it as a potential 'next multi-million-ounce gold district.' The company completed its acquisition of WA gold projects from Spartan Resources and has been drilling aggressively to expand known mineralization, with very high-grade intercepts (e.g. 70m at 2.9 g/t Au) at the Hurricane Camp target. Glenburgh has a 510,100 oz historical estimate (16.3 Mt at 1.0 g/t Au) that Benz labels a 'Historical Estimate' not reported to NI 43-101 standard, and a maiden Exploration Target of 485-540 Mt at 0.6-0.7 g/t Au for 10.1-12.0 Moz, a conceptual estimate that is not a Mineral Resource. Benz is targeting conversion of the Exploration Target into a compliant Mineral Resource during CY2027.

Lifecycle Milestones

GrassrootsCurrent
Resource Def.
PEA
PFS
Feasibility
Permitting
Construction
Production
Not yet researched
Weak track recordStrong track record
3.9/10
Thin runwayWell-capitalized
3.9/10 vs.
How this is calculated
Not yet researched
Weaker depositStronger deposit
How this is calculated
6.6/10
Harder place to buildEasier place to build
6.6/10 vs.
What goes into it
  • Jurisdiction (40%)9/10

    Western Australia: Fraser PPI 2025 is 88.53 of 100 (rank 13 of 68), which maps to 9 on this site's scale. The Glenburgh Gold Project is in Western Australia's Gascoyne region, a stable jurisdiction with top-tier rule of law.

  • Infrastructure (40%)No verified figure

    Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at Glenburgh Gold Project, Gascoyne Region, Western Australia (checked Sep 26, 2026; recheck due Mar 25, 2027). Counts at a neutral 5/10 until one does.

  • Nearby producing mine (20%)Not yet researched

    No producing mine within 50 km in our reference list (nearest listed: Fortnum (Starlight) (Westgold Resources Limited), 228 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.

5.1/10
Weaker profileStronger profile
5.1/10 vs.
Price Chart
$1.06$1.08$1.73$1.74$2.71SepDecAprJulOct7
Sep 19, 2025 – Oct 15, 2026
News
$2.71
+232.3%from low-29.6%from high
$0.82$3.85
$1B
Far belowFar above
$1B vs. $22.2M peer median
Price (USD - Local)
US$2.71 (CAD 3.84)
Cash Position (USD)
$37.9M
Far belowFar above
$37.9M vs. $3.3M peer median
Debt (USD)
$0
Far aboveFar below
$0 vs. $0 peer median
$990.9M
Far belowFar above
$990.9M vs. $19.4M peer median
379.9M
Far aboveFar below
379.9M vs. 154.2M peer median
Jurisdiction
Australia
228 kmfrom Westgold Resources Limited's Fortnum (Starlight)
Outside typical bolt-on range
-$43.6M
Far belowFar above
-$43.6M vs. -$3.3M peer median
-$0.115
Far belowFar above
-$0.115 vs. -$0.017 peer median

Acquisition Susceptibility

How this is calculated
2.5/10
Unlikely bolt-onFits the takeout profile

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.

How this score is built

  • Disclosed pending deal
    Sub-score: Not scored

    No pending acquisition or merger disclosed (checked)

    Not scored: having no deal in flight isn't held against a company.

    Weight 26.25%
  • Producer's strategic stake
    Sub-score: Not scored

    No producer holds a disclosed stake on file (holder register researched) See holders

    Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.

    Weight 25%
  • Distance to a producing mine
    Sub-score:
    0/10

    Nearest producing mine: Fortnum (Starlight) (Westgold Resources Limited), 228 km

    10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.

    Weight 22.5% · 46% here
  • Lifecycle stage
    Sub-score:
    1/10

    Stage: Grassroots Exploration

    Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.

    Weight 15% · 31% here
  • Jurisdiction
    Sub-score:
    9/10

    Australia: jurisdiction score 9/10

    Our jurisdiction score, used as is: higher means lower political and permitting risk.

    Weight 6.75% · 14% here
  • Commodity
    Sub-score:
    10/10

    Primary commodity: Gold

    Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.

    Weight 4.5% · 9% here

Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.

Overall Score Trend
-10.5% since 2026-09-19 · -10.5% from peak

Your Rankings

Community Sentiment
—SELLINGBUYING
CategoryCommunityYour Ranking
Overall— (0) 
Management— (0) 
Financials— (0) 
Jurisdiction— (0) 
Project Quality— (0) 

Management Team

Executive Chairman of Firebird Metals Limited (ASX: FRB, from 31 Oct 2025) and of Benz Mining Corp. Corporate/mining-law background; principal of Konkera Corporate; B.Com/LLB, University of Western Australia. Also Non-Executive Chairman of Carbine Resources Ltd, Vital Metals Ltd and African Gold Ltd.

CEO of Benz Mining Corp., appointed Nov 2024.

Non-Executive Director of Benz Mining Corp.

Non-Executive Director of Benz Mining Corp.

Non-Executive Director of Benz Mining Corp.

Non-Executive Director of Benz Mining Corp.

Company Secretary of Firebird Metals Limited (ASX: FRB, since 10 Jun 2024); also Company Secretary - Australia of Benz Mining Corp. 15+ years' experience with ASX-listed resources companies as a company secretary and non-executive director.

Company Secretary (Canada) of Benz Mining Corp.

Insiders, Investors & Smart Money

Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.

Smart money

No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

Benz Mining, listed on the TSXV and the ASX, is exploring the Glenburgh gold project in Western Australia's Gascoyne region, which it describes as a potential new multi-million-ounce gold district. Glenburgh has no current compliant mineral resource: a historical estimate of 510,100 oz (16.3 Mt at 1.0 g/t) is not treated by the company as current, and its maiden exploration target of 485-540 Mt at 0.6-0.7 g/t for 10.1-12.0 Moz is conceptual and is not a mineral resource. Benz completed its acquisition of Western Australian gold projects from Spartan Resources, and drilling has returned high-grade results such as 70 m at 2.9 g/t gold at the Hurricane Camp target. The company is targeting conversion of the exploration target into a compliant mineral resource during 2027.

Recent News

ExplorationGoldMiningShare PriceShareholderUndervaluedValuation