Benz Mining Corp. · TSXV:BZ
Benz Mining — Merger or Acquisition (November 2024)
26 slides from Benz Mining's merger presentation, November 2024
Slide 1: Building a World Class Gold Portfolio
BENZMINING.COM | TSXV: BZ, ASX: BNZ BENZ MINING BUILDING A WORLD CLASS GOLD PORTFOLIO: TRANSFORMATIONAL ACQUISITION OF GLENBURGH AND MT EGERTON PROJECTS FROM SPARTAN RESOURCES INVESTOR PRESENTATION NOVEMBER 2024 @BenzMining
Slide 2: Disclaimer and Forward-Looking Statements
DISCLAIMER AND FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "Expect", "Anticipate", "Continue", "Estimate", "Objective", "Ongoing", "May", "Will", "Projec
Slide 3: Transformational Acquisition
TRANSFORMATIONAL ACQUISITION High-quality gold deposits, with high growth potential Glenburgh 510,100 ounces Under-explored Huge exploration Australia’s next at 1.0g/t Au high-grade upside over Tropicana ? Initial JORC- potential1 50km of strike Major discovery compliant resource • 24m @ 9.1g/t
Slide 4: Transaction Rationale
TRANSACTION RATIONALE Glenburgh and Mt Egerton Transaction strategic rationale and benefits Australian gold Capitalise on Meets Benz Rapid growth Strategic Eastmain Gold projects offering gold’s all time high investment filters of potential, turning partnership with Project premium valuation underex
Slide 5: New Leadership Team: A Track Record of Gold Discovery
NEW LEADERSHIP TEAM: A TRACK RECORD OF GOLD DISCOVERY New Technical Team Management Our team has decades of experience in discovering and developing successful mining projects around the world Evan Cranston Executive Chairman Nick Tintor Mark Lynch-Staunton Nick Jolly Ben McCormack Spartan Technical
Slide 6: Portfolio of High-Quality Gold Projects
PORTFOLIO OF HIGH- QUALITY GOLD PROJECTS
Slide 7: Discovering Glenburgh: Digging Deeper for Success
DISCOVERING GLENBURGH: DIGGING DEEPER FOR SUCCESS Project overview Initial JORC 2012 Mineral Resource Estimate: 16.3 Mt @ 1.0 g/t Au (510,100 oz contained gold) Key Points Huge exploration Target package identified upside over 50km of strike Generally characterized by ~100- Glenburgh 786km² over h
Slide 8: Unlocking Multi-Million Ounce Potential
UNLOCKING MULTI-MILLION OUNCE POTENTIAL Exploration and development strategy Priority high-grade resource extension targets 6 priority Targeting resource >50 gram metre extension targets shoots at depth Drilled on average Open at depth <100m depth 5km exploration trend 5km highly Target Package anom
Slide 9: Glenburgh Project | Zone 126
GLENBURGH PROJECT | ZONE 126 Priority target for rapid high-grade resource growth High-Grade >50 gram metre shoot 8m @ 11.6g/t Au 28m @ 5g/t Au 24m @ 9.1g/t Au 14m @ 8.9 g/t Au Rapid targeting with geophysics Strong association between high-grade lodes and increased sulphide mineralisation,
Slide 10: Mt Egerton Gold Project
MT EGERTON GOLD PROJECT High-grade gold project: Enhancing strategic optionality Two granted mining leases and exploration licences, covering a total area of 179.59 km² in the Gascoyne province, approximately 220 km northwest of Meekatharra Home to the historical Hibernian Gold Mine Mined in 1912 to
Slide 11: Eastmain: Expanding a High-Grade Gold Orebody
EASTMAIN: EXPANDING A HIGH-GRADE GOLD OREBODY 1Moz gold open in all directions with a lot further to go Eastmain has strong potential for growth With areas that are still underexplored, we will continue to use advanced targeting techniques to identify new high-grade zones. Maiden JORC Resource deliv
Slide 12: Value Drivers and Upcoming Catalysts
VALUE DRIVERS AND UPCOMING CATALYSTS Transaction Maiden Funded for Future Finalisation Drill Program at Discovery Actively fulfilling the conditions Glenburgh and Resource Successful capital raise of precedent with Spartan, Update A$4m for exploration programs targeting an indicative close Launching
Slide 13: Contact
CONTACT Mark Lynch-Staunton | Chief Development Officer mstaunton@benzmining.com BENZMINING.COM | TSXV: BZ, ASX: BNZ @BenzMining
Slide 14: Appendices
APPENDICES BENZ MINING CORP 14 14
Slide 15: Pro-Forma Corporate Summary
APPENDIX 1: PRO-FORMA CORPORATE SUMMARY Shareholders Benz Mining Corp. (TSXV:BZ / ASX:BNZ) CDIs / Shares on Issue (m)1 169.1 15.4% ~50% CDIs issued pursuant to the Transaction (m) 33.0 Top 20 CDIs issued pursuant to the proposed capital raising (m) 18.2 Spartan Resources has taken a strategic corner
Slide 16: Transaction Terms
APPENDIX 2: TRANSACTION TERMS The key terms of the Acquisition are summarised below. Consideration for the Acquisition has been structured to include an upfront cash payment and share issuance, as well as deferred milestone payments up to A$6m (cash or shares) subject to the satisfaction of certain
Slide 17: Gold Resources
APPENDIX 3: JORC 2012 Mineral Resource Summary GOLD RESOURCES EASTMAIN GOLD PROJECT1 Category Tonnes (Mt) Au (g/t) Au Metal (Koz) Indicated 1.3 9.0 384 Inferred 3.8 5.1 621 Total 5.1 6.1 1,005 GLENBURGH GOLD PROJECT2 Category Tonnes (Mt) Au (g/t) Au Metal (Koz) Indicated 13.5 1.0 430.7 Inferred 2.8
Slide 18: Key Risks
APPENDIX 4: KEY RISKS INTRODUCTION There are risks involved with participating in the Offer and holding CDIs in Benz Mining Corp (the Company, Benz, we or us). Certain of these risks are specific to an investment in the Company and others are specific to investing in and holding securities. The occu
Slide 19: Key Risks
APPENDIX 4: KEY RISKS Mineral The Group's estimates of Mineral Resources are based on different levels of geological confidence and different degrees of technical and economic evaluation, and no assurance can be given that Resources anticipated tonnages and grades will be achieved, that the indicate
Slide 20: Key Risks
APPENDIX 4: KEY RISKS Changes in input Mining operations and facilities are intensive users of electricity, gas and carbon-based fuels. Energy prices can be affected by numerous factors beyond the Group's control, including global and costs regional supply and demand, carbon taxes, inflation, politi
Slide 21: Key Risks
APPENDIX 4: KEY RISKS Mining risks and Operation and exploration may from time to time be hampered on occasions by unforeseen operating risks, as would any other industry. For example, force majeure events, power outages, critical insurance risks equipment or pipe failures, and environmental hazards
Slide 22: Key Risks
APPENDIX 4: KEY RISKS The disposal of mining and process waste and mine water discharge are under constant legislative scrutiny and regulation. There is a risk that environmental laws and regulations become more onerous making the Company’s operations more expensive. Approvals are required for land
Slide 23: Key Risks
APPENDIX 4: KEY RISKS Foreign currency The Group has Canadian dollar presentation currency for reporting purposes. However, gold is sold throughout the world based principally on the US dollar price, and most of the Group's revenues risk are realised in, or linked to, US dollars. Following completio
Slide 24: Key Risks
APPENDIX 4: KEY RISKS Use of assumptions Benz uses estimates of production and financial performance based on a range of assumptions and forecasts. There is uncertainty in these assumptions and forecasts and risk that variation from and forecasts them could result in actual performance being differe
Slide 25: Key Risks
APPENDIX 4: KEY RISKS Major shareholder The Vendor, or another member of its company group, will, on Completion of the Acquisition hold at least 33 million CDIs in Benz. The Vendor's shareholding will represent approximately 15% of Benz's issued share capital (including CDIs) on an undiluted basis f
Slide 26: Key Risks
APPENDIX 4: KEY RISKS GENERAL RISKS WITH AN INVESTMENT IN SECURITIES General equity Any investment in equity capital carries general risks. The trading price of Benz's CDIs on the ASX may fluctuate in line with equity capital market movements in Australia and internationally, or in market and respon