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BLAZE Minerals Ltd

ASX:BLZ
A$0.001Close 7 Oct 2026 · delayed

Past year: ▼ 67%(0.10c – 0.30c AUD)

Market cap
A$2.9m
Shares on issue
2.92bn
Story beats
85 since 2006
Last event
3 Sept 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

3 Sept 2026asset acquisition disposition▲ GoodMajor

Blaze signed a binding agreement to acquire up to 90% of two Ugandan tungsten projects, Bahati and Buyaga, alongside the earlier Botswana copper deal. It also secured commitments for a $2.25M placement of 4.5B shares at $0.0005. Bahati sampling returned up to 20.78% WO3 over 1m.

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3 Sept 2026security holder rights change● Neutral

Blaze plans a 20-for-1 share consolidation, cutting shares on issue from 2,925,000,000 to 146,250,000, subject to shareholder approval expected 21 October 2026. Option exercise prices rise 20 times (BLZO to $0.20, BLZAB to $0.10). Trading of the new shares starts on a deferred basis on 29 October 2026.

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17 June 2026drilling result▲ GoodMajor

Trenching at Krokodil finished: 7 trenches, 443m, 89 channel samples sent to a South African lab, with results expected in 6-8 weeks. Spot XRF readings reached 8.59% Cu. Also states the initial 70% of B&J Geoconsultants has been acquired, with a further 20% on deferred consideration.

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4 June 2026drilling progress report● Neutral

Trenching began at the Krokodil Prospect, with a minimum of 500m planned over 5 trenches using a 30-tonne excavator. Soil sampling continues elsewhere, with 2,761 samples collected so far. No new results.

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22 May 2026drilling result▲ Good

The Dinokwe anomaly is named the Krokodil Prospect. Rock-chip handheld XRF readings reached 4.17% Cu and 5.52% Pb, with visible malachite and chalcopyrite. These are screening readings, not lab assays. Trenching is planned, with possible drilling afterwards.

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29 Apr 2026drilling result▲ GoodMajor

Soil sampling at Dinokwe found a copper-in-soil anomaly about 1,000m long by 100m wide on PL046, with values up to 288ppm Cu, along a fault zone. Trenching is planned. Early-stage indicator only, not a drill result.

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31 Mar 2026drilling progress report● Neutral

Soil sampling began at Dinokwe in Botswana, starting on licence PL046 with 50m spacing on lines 400m apart, with PL0349 and PL0350 to follow. First field work under the March Botswana acquisition. No results yet.

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12 Mar 2026half year report▼ Bad

Half-year to 31 December 2025: loss of $1,805,050 versus $464,605 a year earlier. Restates the Ntungamo review and the Uganda interests; the Loulombo withdrawal falls in this period. Balance sheet and cash not seen in the truncated text.

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11 Mar 2026asset acquisition disposition▲ GoodMajor

Blaze signed a binding agreement to acquire up to a 90% interest in three Botswana exploration projects (Dinokwe, Kalahari, Molopo) in the copper belt region, after leaving Congo. Consideration terms are in Schedule 1, not seen in the text. Field work due to start the following week.

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4 Dec 2025asset acquisition disposition▼ BadMajor

Blaze issued a withdrawal notice from Loulombo, returning its 80% of Congo Shining SARL with no further rights or obligations. The stated reason is that site security could not be guaranteed, impairing insurance. Focus shifts to Ntungamo in Uganda, ending the June 2025 Congo deal before any drilling.

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27 Nov 2025regulatory community update▼ BadMajor

Just after the RC rig reached Loulombo, partner Congo Shining SARL said Blaze had allegedly failed unspecified obligations and site security could not be guaranteed. The drilling contractor pulled its personnel out. Maiden drilling is halted and the dispute is unresolved.

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31 Oct 2025drilling progress report● Neutral

The Loulombo RC rig has reached Kinshasa, a short ferry from Brazzaville. It is expected in Brazzaville early next week and on site late next week. Another delay to the maiden RC drilling; no new results.

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23 Oct 2025admin correction● Neutral

Re-release of the 14 October Loulombo update, adding a sample location map (new Figure 1) and a competent person statement. Results unchanged: e.g. 6m @ 238ppm Ga2O3 and 67ppm GeO2.

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14 Oct 2025drilling result● Neutral

Re-assaying of earlier Loulombo samples found gallium and germanium, e.g. channel 6m @ 238ppm Ga2O3 and 67ppm GeO2. Meanwhile both diamond holes hit bit refusal in fresh rock at 27m and 24m. RC rig is near Luanda, Angola, with arrival expected the following week.

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30 Sept 2025annual report● Neutral

Corporate governance statement for FY2025, current at 30 September 2025, setting out how Blaze follows ASX governance recommendations. Administrative disclosure with no new operational or financial information in the text seen.

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30 Sept 2025annual report● Neutral

Annual report for year to 30 June 2025: loss of $4,478,782 versus $4,651,052 the prior year. Restates the Ntungamo five-hole, 1,548m program and the 60% Gecko Uganda interest. Balance sheet and cash not seen in the truncated text.

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30 Sept 2025annual report● Neutral

Appendix 4G checklist accompanying the annual report, pointing to the corporate governance statement on the company website. Administrative filing with no substance beyond that.

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29 Sept 2025drilling progress report▼ Bad

Loulombo's diamond rig began drilling but progress is slow with poor core recovery (about 22m on the first hole). The South African RC rig is travelling by road, due in about two weeks. Diamond program may be stopped; it was only 500m versus 3,000m of RC planned.

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2 Sept 2025drilling result▲ GoodMajor

Final Ntungamo assays for holes NT-DD-004 and 005 (northern pegmatite) are described as the highest-grade yet, e.g. 18m @ 24ppm Ga2O3 and 463ppm Rb2O from 307m. This completes the five-hole program and supports the gallium-rubidium discovery; next phase still to be decided.

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1 Sept 2025regulatory community update▲ Good

Congo's environment ministry has approved drilling at Loulombo. Site works are under way and the drill contractors are mobilising this week. Maiden drilling at the Mimpala target is imminent. Issued options now include 400M unquoted at $0.005 expiring November 2027.

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26 Aug 2025drilling scheduled● Neutral

Loulombo's environmental impact assessment has been submitted and final approval is pending. Local rig BCBTP would drill immediately after approval, and a South African RC rig needs about three weeks to mobilise. Issued capital is now listed at 2,875,000,000 shares.

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21 July 2025farm in farm out completion▲ GoodMajor

Transfer of the 80% interest in Congo Shining SARL, owner of the Loulombo project, has completed. The environmental assessment and community engagement are well advanced, and a preferred drilling contractor is chosen, awaiting a final mobilisation quote. No drilling start date yet.

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1 July 2025remuneration report● Neutral

Managing Director Mathew Walker's pay was revised from 1 July 2025 to $250,000 a year plus $1,500 per day on overseas project visits. The notice also says Walker and Coxhell have used the titles Managing Director and Technical Director since March 2025, with no pay change then.

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18 June 2025asset acquisition disposition▲ GoodMajor

Blaze signed a binding deal to buy 80% of the Loulombo base metals project (195km2, Republic of Congo), with rock chips up to 60.5% Pb. It also has firm commitments for a $2.422M placement at $0.002 (1.211B shares), plus $100k from director Walker subject to approval. Drilling is planned for August 2025.

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11 June 2025drilling result▲ GoodMajor

First Ntungamo lab assays (holes 1-3) are reported as a new gallium and rubidium discovery, e.g. 23m @ 25ppm Ga2O3 and 476ppm Rb2O from 62m. Grades are low in absolute terms, and the text gives no resource estimate. Holes 4-5 still pending; next phase to be decided.

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13 Mar 2025half year report● Neutral

Half-year to 31 December 2024: loss of $464,605 versus $2,250,618 a year earlier. Covers completion of the 60% Gecko Uganda acquisition and the Mityana drilling (587m). Directors' titles are listed with Walker as Managing Director and Coxhell as Technical Director. Balance sheet not seen in the truncated text.

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10 Mar 2025drilling result▲ Good

Two more Ntungamo holes finished (NT-DD-002 at 228m, NT-DD-003 at 264m), with handheld XRF peaks of 3,014ppm Rb and 2,045ppm Nd. XRF is indicative only; lab assays pending. Rig has moved to the larger northern pegmatite for three more holes.

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5 Mar 2025admin correction● Neutral

Blaze re-released its 4 March Ntungamo exploration update with extra commentary in the JORC assay-quality table and a corrected Figure 3 showing coordinates. Results are unchanged: hole NT-DD-001, 387m, peak 2471ppm Rb by indicative handheld XRF.

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4 Mar 2025drilling result▲ GoodMajor

First Ntungamo hole NT-DD-001 finished at 387m. Handheld XRF, indicative only, showed peak 2471ppm rubidium (0.27% Rb2O) and elevated neodymium and praseodymium. Lab assays are pending, and five more holes of the six-hole program are still to be drilled.

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20 Dec 2024admin correction▼ Bad

Blaze re-issued its 18 December presentation with added sample numbers and removed photographs, retracting any assertion of visually estimated mineralisation. Investors should not rely on the retracted information.

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