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Benz Mining Secures A$30M to Turbocharge Glenburgh Drilling
9:40am on Wednesday 13th of August, 2025 AEST
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Mining
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Benz Mining Secures A$30M to Turbocharge Glenburgh Drilling
9:40am on Wednesday 13th of August, 2025 AEST
Key Points
A$30 million raised via bought deal placement at A$0.985 per CDI
Strong demand from offshore institutional investors and existing shareholders
Drilling capacity at Glenburgh to double to four rigs targeting Icon and Zone 126
Pro-forma cash position exceeds A$40 million post-placement
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BENZ MINING (ASX:BNZ)
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