BLAZE Minerals Ltd

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.

asset acquisition disposition

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.

drilling result

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.

drilling result

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.

asset acquisition disposition

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.

asset acquisition disposition

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.

regulatory community update

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.

drilling result

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.

farm in farm out completion

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.

asset acquisition disposition

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.

drilling result

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.

drilling result

Blaze raised about $1.25M via a placement of 313,389,560 shares at $0.004 (24.1% discount to the 15-day VWAP), with one free option per two shares, to fund Uganda drilling. The lead manager gets 6% cash plus 100M options. Options need shareholder approval.

capital raising announcement

Blaze completed the Gecko Uganda acquisition (60% interest) and began an ~800m, two-rig diamond drilling campaign at Mityana. This will be the first drilling of the pegmatite at depth. Drilling is meant to finish before Christmas, then move to Ntungamo.

drilling spud

Blaze signed a binding deal to buy 60% of Gecko Minerals Uganda, holding the Ntungamo (3 licences) and Mityana (1 licence) critical metals projects, with an option on the remaining 40% within two years. Rock chips reached 7.68% and 8.13% Li2O. Returns Blaze to lithium after exiting Ontario, with Kirkalocka now secondary.

asset acquisition disposition

Blaze terminated its Heads of Agreement with Exiro for North Spirit Lithium, citing exploration results to date and the substantial ongoing financial commitments needed to maintain it. Focus shifts to Kirkalocka gold. This ends the lithium project pursued since May 2023.

material agreement termination

Blaze plans a priority offer to BLZOB option holders of 250M new options at $0.0005 (exercise $0.01, expiring 31 Dec 2027), raising about $125,000 before costs. Needs shareholder approval; directors intend to take up their full allocation.

capital raising announcement

Rumble Resources announced it completed buying Blaze's four Earaheedy tenements (434 km²) after all conditions were met. Blaze received 2,291,047 Rumble shares (about $250,000, deemed $0.109 each). This completes the sale announced 24 October 2023 and ends Blaze's zinc-lead project.

asset acquisition disposition

Phase 2 channel assays at North Spirit: 65 channels averaged 1.35% Li2O, 46 above 1.00%. Best were 1.72% over 11.7m at Livyatan and 2.82% over 2.95m at Wrightback. Resolves the pending assays; drilling is targeted for 2024, subject to indigenous community discussions.

drilling result

Rumble Resources announced it will buy Blaze's four Earaheedy tenements (E69/3815, E69/3842, E69/3889, E52/3879; 434 km²) for 2,291,047 Rumble shares (about $250,000). The sale would end Blaze's WA zinc-lead project; vendor 1% royalties remain, and Ministerial consent is required.

asset acquisition disposition

First North Spirit results: 122 samples from phase one field work, with high-grade pegmatite samples of 4.04%, 1.91%, 1.70%, 1.51% and 1.18% Li2O over a two-kilometre corridor at Nippa. Follow-up mapping and channel sampling planned to reach drill-ready targets. Early rock samples only, not drilling.

drilling result

Blaze completed final due diligence on the North Spirit Lithium acquisition, continuing the 26 May agreement. Initial consideration of 55,000,000 shares is expected to be issued after the shareholder meeting on 7 July 2023, subject to approval. Field planning is unaffected by Canadian bushfires.

asset acquisition disposition

Blaze signed a Heads of Agreement with Exiro Minerals to acquire 100% of the North Spirit Lithium Project in Ontario, Canada (1,698 claims, about 340 sq km), 30 km along strike from Frontier Lithium's PAK deposit. This is a new commodity and country for the company, which has so far explored in Western Australia. Consideration terms are not in the text seen.

asset acquisition disposition

Final lab results for Earaheedy stage one: 21 holes, 2,979 m, with anomalous base metals in 9 holes at the Frere/Yelma contact, typically 10-20 m thick. This confirms the earlier field readings; further drilling at 1,000 m spacing awaits heritage surveys.

drilling result

First Earaheedy drilling began late July: 12 holes for 1,627 m. Preliminary field readings (not lab confirmed) show zinc-lead in 5 holes, best 9 m @ 1.69% zinc within 21 m @ 0.68% zinc from 88 m. About 25 km of target strata; drilling continues west-northwest.

drilling result

Simon Coxhell, previously Non-Executive Director, became Executive Managing Director from 1 July 2022 to lead Earaheedy exploration. Pay is $120,000 a year in director fees plus a field day rate; notice is 3 months. A drilling program is expected next quarter.

director officer appointment

Jimberlana RC drilling (8 holes, 762 m) returned no anomalous results. The chargeability anomalies are interpreted as iron-rich paleochannels, and no further work is recommended. This ends the nickel target the January drilling was testing.

drilling result

327,491,754 BLZO options at $0.05 lapsed unexercised on 31 March 2022, so no money came in from them. Shares on issue are 357,508,246. The priority options offer to expired holders (up to 327.5M at $0.001, expiring 31 May 2024) remains subject to approval.

security holder rights change

The 327.5M BLZO options at $0.05 expire 31 March 2022. Blaze plans, subject to shareholder approval, a priority offer of new options at $0.001, exercise $0.05, expiring 31 May 2024, 1-for-1 to BLZO holders. Directors may take up to 10M each.

security holder rights change

RC drilling began at Jimberlana, testing the Huginn and Munnin chargeability anomalies identified in 2021. About 8 holes for 1,200 m are planned, up from 1,000 m earlier. This ends the long wait for a rig; no results yet.

drilling spud

David Prentice became Non-Executive Chairman after the AGM and David Wheeler retired as a director on 30 November 2021. Prentice has 25+ years in resources, including US oil and gas. He holds no Blaze securities; Wheeler held 4M BLZO options.

director officer appointment

Three Earaheedy tenements (E52/3879, E69/3815, E69/3885) were granted next to Rumble's and Strickland's zinc-lead discoveries, and field mapping has begun. Drilling is expected in the first half of 2022. E69/3888 was dropped as unprospective; 12.5M shares and options are now issuable to Hammerhead's vendors.

regulatory community update

An IP survey at Jimberlana found two chargeability anomalies, Huginn and Munnin, under the earlier nickel-copper-PGE soil anomalies, now called drill ready. Drilling awaits approvals and heritage surveys in June or July. Follows the April soil results; no drilling result yet.

drilling result

Blaze agreed to buy Hammerhead Exploration and Iconic Minerals, owners of six Earaheedy Basin tenement applications next to Rumble's zinc-lead discovery, plus Big Bell South. A $1.5M placement was committed. This is a new base-metals direction beyond nickel and gold.

asset acquisition disposition

Jimberlana tenement E63/2009 granted for five years, resolving a pending grant. Resampled drill spoil supports nickel-copper-PGE potential. Blaze also applied for the Mukinbudin nickel tenement (186 sq km) and other applications, expanding the 90%-owned South West Nickel JV.

regulatory community update

Mt Magnet South aircore drilling (43 holes, 2,221 m) disappointed: best result 4 m @ 0.1 g/t gold. The surface gold anomaly looks transported, not from bedrock. This undercuts the earlier auger excitement. Blaze will now focus on its South West nickel projects.

drilling result

Aircore drilling began at Mt Magnet South: about 40-50 holes, roughly 2,600 m, over 7 planned sections, taking about 10 days. It tests the 4.5 km gold anomaly flagged by the earlier auger work. Results are expected 3-4 weeks after samples are submitted. Cash is $2.1M.

drilling spud

Blaze launched a placement of up to 52.5M shares at $0.025, about $1.31M (calculated from the text), lifting shares on issue by a quarter from 210M. CPS Capital leads, with 1% management and 5% placing fees.

capital raising announcement

Blaze took an option to buy 100% of three gold licences (147 sq km) south of Mt Magnet from Eastern Goldfields Exploration. Exercise costs $1M cash plus 7.5M shares and a 2% royalty; $20,000 option fee and $100,000 minimum spend. 50 aircore holes planned.

material agreement

Blaze pegged the Cojinup Creek nickel project: four licence applications covering 738 sq km northeast of Ravensthorpe, Blaze 90% and private party Roland Gotthard 10%. Also pegged a Jimberlana application (about 18 km of strike). Extends the nickel push begun with Binneridgie.

asset acquisition disposition

David Wheeler becomes Non-Executive Chairman from 13 March 2020 at $3,000 a month, replacing the retiring Josh Puckridge. Loren King replaces Quinton Meyers as Company Secretary. Mr Wheeler holds no Blaze securities.

director officer appointment

Leonora aircore drilling (42 holes, 1,940m) hit gold in two holes: 4m at 1.52 g/t from 52m (BAC005) and 8m at 0.25 g/t (BAC028). The rest showed no significant result. Two areas need follow-up drilling. Follows the earlier auger anomalies.

drilling result

Prospectus for a 1-for-2 option entitlement offer at $0.001 per option (exercise $0.05, expiry 31 Mar 2022) to raise up to $105,000, plus placement, adviser and 10m director options. Shareholders approved the offers on 20 May 2019. Follows the April plan.

capital raising announcement

Simon Coxhell, former Echo Resources CEO, joins as non-executive director. Blaze agrees to buy the Leonora gold project (about 2,365 ha) from him for 2,713,404 shares plus $100,000, with a 2% royalty on three tenements. Also plans a $0.05 option entitlement issue, subject to approvals.

asset acquisition disposition

Blaze pays option fees to buy four more Kirkalocka-area tenements: Iron Clad for $120,000 (expires 23 Feb 2019) and Beau Resources for $130,000 (expires 28 Feb 2019). Would lift landholding from 251 to 471 km2. Data review comes before exercising.

asset acquisition disposition

Blaze exercises its option to acquire 100% of the Kirkalocka gold project near Mt Magnet by paying $100,000. A late-May site visit is planned. Completes the option held through Everest.

asset acquisition disposition

March 2018 quarter: Everest acquisition settled and $1,587,666 placement completed at 5c. Cash $3.334m, 207,285,596 shares, 185m options. Blaze holds Thundelarra and Kirkalocka and gave notice on 30 April to exercise the Kirkalocka option.

quarterly activities report

Blaze will raise $1,587,666 by placing 31,753,316 shares at 5c with a free attaching option each (subject to shareholder approval). It also appoints two more advisors, each getting 10m options at 8c. Funds go to working capital and exploring Kirkalocka and Thundelarra.

capital raising announcement

Blaze signs binding terms to buy 100% of Everest Minerals for 48,520,012 shares, plus 50m advisor options at 8c. Everest holds an option over the Kirkalocka gold project, about $340,000 of investments and $880,000 cash. Subject to shareholder approval and due diligence by 30 April 2018.

business combination

Blaze agrees to buy 100% of the Thundelarra gold/base metal licence in WA's Murchison for $5,000 plus up to $10,000 reimbursements. It ends the period of holding no projects after the Barkly disposal, and begins a gold-portfolio strategy. Exploration budget is up to $250,000.

asset acquisition disposition

Blaze completed the transfer of Colour Minerals and K2Fly (formerly Power Resources) to KMM, settling the management dispute from December 2015. A $90,000 extra payment breached ASX Listing Rule 10.1, so a new shareholder meeting will be needed. This also ends its Barkly interest.

asset acquisition disposition

Blaze let its option over the Marble Bar Lithium Project lapse, saying market conditions did not support exercise though the project 'maintains merit'. It now refocuses on Barkly copper-gold and new opportunities, ending the lithium story begun in July 2016.

material agreement termination

Blaze suspended Marble Bar RC drilling after 12 holes (702m), all hitting pegmatite but only 2-4m wide, narrower than outcrop. Flatter 30-35 degree dips are thought to explain part of this. Assays due early December; a setback for the lithium thesis.

drilling result

RC drilling has started at Marble Bar, Blaze's first lithium drilling: 18 initial holes, about 1,580m, possibly extended. The rights issue close moves to 11 January 2017, so shareholders can decide after seeing drill results.

drilling spud

Prospectus lodged for a 1-for-3 non-renounceable rights issue at 5 cents to raise up to $2.1m, with one free option for every two shares taken up. It is managed by Cicero Advisory and Merchant Corporate Finance. Text is truncated.

capital raising announcement

Spodumene found in all outcropping pegmatites at Marble Bar, traced over 5km of strike. Blaze extended its option by two months by committing to at least 3,000m of RC drilling, and plans a $2.1m rights issue at 5 cents. EL45/4669 has been granted.

drilling scheduled

Blaze took a three-month option, signed 30 July 2016, to acquire the Marble Bar Lithium Project in WA's East Pilbara (370 km², four applications) from Great Sandy Pty Ltd. Rock chips averaged 1.85% Li2O, peak 3.72%. This marks a shift from Tennant Creek copper-gold.

asset acquisition disposition

Darren Patterson joins the board and Robert Collins retires. Shareholders on 1 April approved handing Power Resources and Colour Minerals to KMM to settle the management agreement, but this has not yet happened as talks continue.

director officer appointment

The placement was oversubscribed, with $2.12 million of applications for 53 million shares at 4 cents. It will use both the shareholder approval and existing placement capacity. Funds are for working capital and new acquisitions.

capital raising announcement

Blaze placed 38 million shares at 4 cents to raise $1.52 million, under the 70m-share approval given at the 25 November 2015 meeting. Funds are for working capital and finding new acquisitions, continuing the shift away from Barkly drilling.

capital raising announcement

Board overhaul: Josh Puckridge joins; Majteles and Scivolo retire. Registered office moves to Subiaco. Blaze raised $1,202,761 (30.07m shares, about 4c) to cut debt. It also terminated the Kalgoorlie Mine Management agreement, settling for $466,379 cash or the Colour Minerals (Barkly tenement) assets.

director officer appointment

Blaze placed 14,387,971 shares to Cicero Advisory clients at 3.02–3.37 cents, raising about $440,000 for working capital. It will also seek shareholder approval to place a further 70 million shares at 4 cents. This follows the thin cash position flagged earlier.

capital raising announcement

Blaze has earned a further 20% of the Barkly joint venture by spending another $350,000, lifting its interest to 70%. It has elected to sole-fund to a bankable feasibility study to earn a final 10%, reaching 80%.

farm in farm out completion

Phase II diamond drilling is complete. BBDD0004 hit 16m at 3.02% copper, 0.65g/t gold from 139m (incl 4m at 6.49% Cu), a thick sulphide zone. Two holes were abandoned in broken ground, leaving the high-grade gold contact and supergene zone untested.

drilling result

Phase II RC drilling returned BBRC0012: 31m at 2.48% copper from 116m, and BBRC0010: 11m at 0.98 g/t gold. A new footwall zone of mineralisation was also noted. Five key holes still need diamond tails to reach the high-grade gold position; the diamond rig had mechanical problems.

drilling result

Blaze admits its 31 July 349m-share placement breached Listing Rule 7.1A because the price was slightly below 75% of the 15-day VWAP. ASX treats it as a Rule 7.1 issue; Blaze undertook not to issue equity without shareholder approval until 31 March 2015.

listing compliance notice

Blaze signed a trust deed allowing up to $1.25 million of convertible notes sold to CPS Capital clients, with 10% flat interest, 6-month maturity and unsecured. Notes convert one-for-one into shares only after shareholder approval. Funds Barkly work; this settles the open facility thread.

debt financing

June 2014 quarter: the first six-hole Bluebird program was completed, with 25m at 1.9% copper in BBRC-5; the report notes this is superseded by the 23 July results. The last Yeelirrie licence, E53/1446, was relinquished, so Blaze now focuses on Barkly.

quarterly activities report

Blaze placed 349 million shares at 0.08 cents to CPS Capital clients, raising $279,200 before costs. CPS also offered a convertible note facility of up to $1,250,000 to fund exploration, terms to be agreed and subject to a shareholder meeting.

capital raising announcement

Diamond hole BBDD-2 at Bluebird returned 20m at 8.17 g/t gold, 0.61% copper and 0.22% bismuth from 157m, including 1m at 62.3 g/t gold. Gold grade rises with depth; mineralisation is now defined to at least 150m depth and up to 120m along strike. Trading halt continues pending a capital raising.

drilling result

First Blaze drilling at Bluebird (Barkly) hit 25m at 1.9% copper and 0.3 g/t gold from 62m, including 2m at 16.5% copper. Mineralisation is open in all directions and diamond drilling has started. A strong first result, versus the earlier Meteoric hole of 4m at 4.69% copper.

drilling result

Blaze signed a farm-in with Meteoric Resources over the Barkly copper-gold project near Tennant Creek, NT. It can earn 50% by spending $250,000 before March 2015, 70% with a further $350,000 by 31 March 2017, and 80% by sole funding to feasibility. It is also raising $420,000 at 0.04c via 1,050m shares.

farm in farm out agreement

June 2013 quarter: no fieldwork was done as Blaze assesses its project given poor market conditions. E53/1582 was relinquished because the spend could not be justified, leaving 3 licences of 108.3 sq km. The company is also assessing projects that may complement Yeelirrie.

quarterly activities report

Quarterly report says Blaze raised $11,280,000 before costs on 26 September 2012 by placing 1.6 billion shares at 0.08c each. Limited site visits to anomalies found no notable mineralised outcrop; Cameco is acquiring BHP's adjacent Yeelirrie project for over $410m.

capital raising announcement

Blaze says it completed a placement of over $1.2 million, funding an exploration program at Yeelirrie beside BHP's 52,000t U3O8 deposit. Hyperspectral surveys come first, with shallow drilling 'later this year'. Completes the placement flagged in April; no drilling results yet.

capital raising announcement

Raises $240,000 now via 40m shares at 0.6c with free options at 1.6c expiring March 2014. A further up to 120m shares at not less than 0.65c needs shareholder approval; total up to $1.02m for Yeelirrie exploration and working capital.

capital raising announcement

New management will not pursue the previous team's shallow drilling plan on Yeelirrie, saying better targets exist, notably on recently granted E57/1446 and 1453. Field reconnaissance is due May 2010, and the company is seeking further uranium projects. This reverses the earlier 579-hole plan.

quarterly activities report

Colbern had the 16 November meeting cancelled, ending the board contest. Hyde, Lee and Roberts resigned and were replaced by Sol Majteles, Michael Scivolo and Robert Collins, who say they will seek a 'new direction' for Blaze. David Zukerman becomes company secretary.

director officer appointment

Shareholder Colbern Nominees has called a general meeting to remove all current directors and appoint its own nominees. Blaze says it did not prepare the documents, is taking legal advice, and urges shareholders to take no action yet.

other

Year to 30 June 2008 loss of $631k. Board says PIXe and Kemeleon have performed below expectations and are being reassessed; Yeelirrie remains the focus, with tenement area now over 880 sq km. Managing Director Hartshorne resigned 11 April 2008.

annual report

Year to 30 June 2007 shows a $3.58m profit, entirely from a $4.375m cancellation of unallotted shares and options, versus a $9.2m loss before. Cash rose to $1.13m after a $1.5m placement at 2 cents; Yeelirrie acquisition completed for 75m shares.

annual report

Airborne survey over the 100%-owned Yeelirrie project found uranium-enriched sediments and weathered granite source rocks in tributaries feeding the main channel near BHP's 52,000t deposit. Ground surveys start next month, then air core drilling. Anomalies only, not drilled; no resource yet.

drilling result

Conditional agreement to buy Yeelirrie Minerals, holding uranium exploration tenements of about 2,000+ sq km surrounding BHP Billiton's 52,000t U3O8 Yeelirrie deposit. About $500,000 initial exploration planned, a move beyond the PIXe and Kemeleon technology business.

asset acquisition disposition

Year to 30 June 2006 loss of $9.2m, including an $8.8m impairment of PIXe, whose performance target of 100% improvement was not met. Cash was $0.51m. Directors are weighing how to take PIXe forward; Kemeleon launched in China.

annual report

Kemeleon MMS service launched in China from May 2006 via MTel China and Guangdong Mobile (China Mobile subsidiary), tied to a TV singing contest campaign running May to October. Directors call it a 'landmark agreement'; no revenue figures given.

material agreement

Half-year to 31 Dec 2005 shows a $5.85m loss, mostly a $5.82m write-down of the PIXe video technology's carrying value. A $1.5m share purchase plan at 5 cents was completed. Company then focused on PIXe and Kemeleon animation tools.

half year report