Benz Confirms Free Milling Gold with High Recoveries at Icon

Original announcement by tmx on

Company
Benz Mining Corp
Ticker
BZ
Exchange
TSX
Region
Western Australia
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Metallurgy
Extracted
2026-09-17 14:57:28 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Benz Mining Corp announced highly encouraging initial cyanidation testwork results from its Icon deposit at the Glenburgh Gold Project in Western Australia. The tests confirmed high gold extraction rates of up to 95.5% for higher-grade material and consistently strong recoveries across a range of grades, including low-grade mineralized halo material. The gold is free milling with rapid leach kinetics and low reagent consumption, supporting the potential for a conventional processing pathway and favorable open-pit mining metrics.

Reasoning: Initial metallurgical testwork at the Icon deposit within the Glenburgh Gold Project confirms high gold recoveries (up to 95.5%) and free-milling characteristics across a range of gold grades, with low reagent consumption and rapid leach kinetics. These results are highly encouraging for the project's economic viability and potential for open-pit development, as even low-grade material shows strong recovery.

Positive factors

  • High gold extraction rates across all tested grades
  • Gold is free milling with rapid leach kinetics
  • Low cyanide and lime consumption
  • Potential for low-grade material to be processed as mill feed, reducing strip ratios
  • Multi-grade range tested, confirming consistent recovery response
  • QP signed off on technical information
  • JORC compliant reporting

Negative factors

  • Metallurgical work is still early-stage and laboratory-scale
  • Further testwork and optimization are planned

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 3

Classification and evidence

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route ("gravity")

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: 3 distinct composites were tested

Extracted facts

Stored fact records: 3. Some facts used in scoring do not have a stored record.

Metallurgical Results (3)

bottle rollGlenburgh Gold Project · goldRecovery: 95.5 %Head Grade: 2Head Grade Unit: g/t AuView all details
Link to this fact

Identity

Project
Glenburgh Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
BZ

Test Work

Program Status
preliminary
Test Type
bottle roll
Processing Route
conventional gravity-concentration and cyanide-leach flowsheet
Sample
Higher-grade Icon core
Grind P80
75 µm
Leach Time
24 hours

Recovery

Recovery
95.5 %
Recovery Basis
actual_test
Head Grade
2
Head Grade Unit
g/t Au

Reagents

Reagent Notes
average cyanide consumption ranging from 0.18 – 0.22 kg/t NaCN; low lime consumption

Lab

Laboratory
ALS Metallurgy

Location

Easting
409810
Northing
7191603
CRS
GDA94/MGA Zone 50
EPSG
28350
Loc. Confidence
high

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-17T00:00:00.000Z

Reasoning: The 95.5% gold extraction from higher-grade core material is exceptional for gold, confirming free-milling characteristics and strong economic potential for this material type. This recovery is achieved with rapid kinetics and low reagent consumption, further enhancing its viability.

Positive factors

  • Exceptional gold recovery for higher-grade material
  • Free milling characteristics confirmed
  • Rapid leach kinetics
  • Low reagent consumption
  • QP signed off on technical information
  • JORC compliant reporting

Negative factors

  • Testwork is laboratory-scale only

Tags used in scoring

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 95.5% is at or above the exceptional band (95%)

bottle rollGlenburgh Gold Project · goldRecovery: 91 %Head Grade: 0.6Head Grade Unit: g/t AuView all details
Link to this fact

Identity

Project
Glenburgh Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
BZ

Test Work

Program Status
preliminary
Test Type
bottle roll
Processing Route
conventional gravity-concentration and cyanide-leach flowsheet
Sample
Mid-grade Icon mineralisation
Grind P80
75 µm
Leach Time
24 hours

Recovery

Recovery
91 %
Recovery Basis
actual_test
Head Grade
0.6
Head Grade Unit
g/t Au

Reagents

Reagent Notes
average cyanide consumption ranging from 0.18 – 0.22 kg/t NaCN; low lime consumption

Lab

Laboratory
ALS Metallurgy

Location

Easting
409810
Northing
7191603
CRS
GDA94/MGA Zone 50
EPSG
28350
Loc. Confidence
high

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-17T00:00:00.000Z

Reasoning: The 91% gold extraction from mid-grade material is strong, indicating consistent metallurgical performance across different grade profiles and supporting the project's overall economic potential. This recovery is achieved with rapid kinetics and low reagent consumption.

Positive factors

  • Strong gold recovery for mid-grade material
  • Free milling characteristics confirmed
  • Rapid leach kinetics
  • Low reagent consumption
  • QP signed off on technical information
  • JORC compliant reporting

Negative factors

  • Testwork is laboratory-scale only

Tags used in scoring

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

bottle rollGlenburgh Gold Project · goldRecovery: 89 %Head Grade: 0.2Head Grade Unit: g/t AuView all details
Link to this fact

Identity

Project
Glenburgh Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
BZ

Test Work

Program Status
preliminary
Test Type
bottle roll
Processing Route
conventional gravity-concentration and cyanide-leach flowsheet
Sample
Mineralised halo
Grind P80
75 µm
Leach Time
24 hours

Recovery

Recovery
89 %
Recovery Basis
actual_test
Head Grade
0.2
Head Grade Unit
g/t Au

Reagents

Reagent Notes
average cyanide consumption ranging from 0.18 – 0.22 kg/t NaCN; low lime consumption

Lab

Laboratory
ALS Metallurgy

Location

Easting
409810
Northing
7191603
CRS
GDA94/MGA Zone 50
EPSG
28350
Loc. Confidence
high

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-17T00:00:00.000Z

Reasoning: The 89% gold extraction from the low-grade mineralized halo is a moderate recovery, but significant as it suggests this material, typically considered waste, could be processed as mill feed, potentially improving project economics by reducing strip ratios. This recovery is achieved with rapid kinetics and low reagent consumption.

Positive factors

  • Moderate gold recovery for low-grade material
  • Free milling characteristics confirmed
  • Rapid leach kinetics
  • Low reagent consumption
  • Potential to convert low-grade material to mill feed, reducing strip ratios
  • QP signed off on technical information
  • JORC compliant reporting

Negative factors

  • Testwork is laboratory-scale only

Tags used in scoring

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.