Benz Mining Corp.TSXV: BZ

Change in substantial holding for BNZ

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Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder

To Company Name/Scheme Benz Mining Corp. (Benz)

ACN/ARSN BC0924856 (ARBN 642 228 804)

1. Details of substantial holder(1)

Name Ramelius Resources Limited (Ramelius) ACN/ARSN (if applicable) 001 717 540

There was a change in the interests of the substantial holder on

06/02/2026

The previous notice was given to the company on

22/08/2025

The previous notice was dated

22/08/2025

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate

(2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)

Previous notice

Present notice

Person's votes

Voting power (5)

Person's votes

Voting power (5)

CHESS Depository Interests (CDI)

38,028,750

13.15%

38,028,750

11.74%

  1. Changes in relevant interests

    Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company are as follows:

    Date of change

    Person whose relevant interest changed

    Nature of change (6)

    Consideration given in relation to change (7)

    Class and number of securities

    affected

    Person's votes

    affected

    06/02/2026

    Ramelius

    Decrease in percentage of substantial holding due to dilution of interest arising from share placement by Benz to sophisticated

    and professional investors

    Nil

    N/A

    N/A

  2. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest

Registered holder of securities

Person entitled to be registered as holder (8)

Nature of relevant interest (6)

Class and number of securities

Person's votes

Ramelius

Spartan Resources Limited (Spartan)

Ramelius

Ramelius has a relevant interest under section 608(3) of the Corporations Act 2001 (Cth) by reason of holding more than 20% of the voting power (as defined in the Corporations Act) in Spartan

38,028,750

CDIs

38,028,750

Name and ACN/ARSN (if applicable)

Nature of association

N/A

N/A

Name

Address

Ramelius

Level 13, 58 Mounts Bay Road, Perth WA 6000

Spartan Resources Limited

Level 13, 58 Mounts Bay Road, Perth WA 6000

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

6. Addresses

The addresses of persons named in this form are as follows:

Signature

print name

Richard Jones

capacity: Company Secretary

sign here

date 06/02/2026



DIRECTIONS

  1. If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

  2. See the definition of "associate" in section 9 of the Corporations Act 2001.

  3. See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

  4. The voting shares of a company constitute one class unless divided into separate classes.

  5. The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

  6. Include details of:

    1. any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

    2. any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

      See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

  7. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

  8. If the substantial holder is unable to determine the identify of the person (eg. if the relevant interest arises because of an option)

    write "unknown".

  9. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.