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Benz Mining Completes Strategic Acquisition Expanding Gold Project Portfolio
Company Announcements

Benz Mining Completes Strategic Acquisition Expanding Gold Project Portfolio

Story Highlights
  • Benz Mining has acquired two gold projects in Western Australia from Spartan Resources.
  • Spartan Resources becomes a key shareholder in Benz, adding strategic value to its board.
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An update from Benz Mining ( (TSE:BZ) ) is now available.

Benz Mining Corp. has completed the acquisition of the Glenburgh and Mt Egerton Gold Projects from Spartan Resources in Western Australia, marking a significant step in its expansion strategy. The acquisition involves Spartan becoming a strategic shareholder in Benz and appointing their nominee, Nicholas Jolly, to the Benz board, which is expected to enhance Benz’s strategic direction and support its growth plans. The company is set to commence drilling programs aimed at resource extension and definition, with high expectations for further exploration and development in these prospective gold regions.

More about Benz Mining

Benz Mining Corp. operates in the mining industry, focusing on the exploration and development of gold projects. Its primary activities include acquiring and managing gold mining projects, with a particular interest in regions that are underexplored but show high potential for gold deposits.

YTD Price Performance: -9.87%

Average Trading Volume: 4,085

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $39.04M

For detailed information about BZ stock, go to TipRanks’ Stock Analysis page.

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