18 Dec 2024investor presentation● Neutral
December 2024 investor presentation on the Uganda projects, showing 1,567M shares and a market cap of about $9M at $0.006. Repeats previously announced results and the acquisition.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 Dec 2024capital raising announcement▲ GoodMajor
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.
What it means for a shareholder
313m new shares at A$0.004 to raise about A$1.3m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.0199% to 0.016% of the company. To keep it you'd need 62,500 more shares - about A$250 at the issue price.
Create a free account to see this worked out for your own holding.
5 Dec 2024drilling spud▲ GoodMajor
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.
17 Oct 2024asset acquisition disposition▲ GoodMajor
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.
27 Sept 2024annual report▼ Bad
FY2024 annual report: loss of $4,651,052, up from $1,066,891 in FY2023. Reviews the North Spirit lithium termination, the Earaheedy sale to Rumble (valued $250,000 in shares) and the Kirkalocka auger program. Text provided is truncated, so the balance sheet is not seen.
27 Sept 2024other● Neutral
Appendix 4G and corporate governance statement for the year to 30 June 2024, pointing to the company website. Administrative compliance filing with no new substance.
5 Sept 2024director officer appointment● Neutral
Rhys Waldon was appointed Company Secretary from 5 September 2024, replacing Sonu Cheema, who resigned for unforeseen personal circumstances. Waldon is now the ASX contact. Administrative change; directors unchanged.
16 Aug 2024other● Neutral
Distribution schedule for the 275,000,000 new $0.01 options: 86 holders, with 83 holding over 100,000 each and accounting for 99.98% of the total. Administrative data with no new events.
16 Aug 2024other● Neutral
Top 20 holders list for the new $0.01 options expiring 2027: 275,000,000 options on issue, with the top 20 holding 82.99%. This indicates the priority offer was taken up to about 275M, including the director offer (inference). The largest holder has 14.55%.
5 Aug 2024capital raising announcement● Neutral
The closing date for the new options offers was extended to 14 August 2024 to give eligible option holders more time to apply. Options issue is now expected 15 August. Timetable change only.
19 July 2024admin correction● Neutral
Blaze disclosed that an Appendix 3G for 15M unlisted $0.03 options issued to director Mathew Walker on 10 July 2023 was filed late due to administrative oversight. Shareholders had approved them on 7 July 2023. Answers the earlier open question on these options' holder.
18 July 2024capital raising announcement● Neutral
Prospectus for the options offer: up to 250M new options at $0.0005 to raise up to $125,000 (Priority Offer), plus up to 25M to an eligible director to raise up to $12,500. Implements the plan announced 28 May.
26 June 2024material agreement termination▼ BadMajor
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.
29 May 2024drilling scheduled● Neutral
A 292-hole auger geochemical program has begun at Kirkalocka, following up 2019 gold anomalies on the Wydgee Greenstone belt. It is expected to take about a week, with results in coming weeks. This is the first Kirkalocka field work noted in this timeline.
28 May 2024capital raising announcement● NeutralMajor
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.
3 May 2024security holder rights change● Neutral
Notice that 362.5M listed BLZOB options at $0.05 expire 31 May 2024. The share price was $0.005, far below the exercise price, so the options appear unlikely to be exercised (inference). Quotation ceases 27 May.
15 Mar 2024half year report▼ Bad
Half-year to 31 December 2023: loss of $2,250,618 (prior-year period $554,633). Review of operations repeats the North Spirit Phase 2 results. Board and auditor unchanged. Loss is roughly four times the prior comparable period.
13 Mar 2024asset acquisition disposition● NeutralMajor
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.
7 Dec 2023drilling result▲ GoodMajor
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.
26 Oct 2023admin correction● Neutral
Amended re-release of the 26 October Phase 2 announcement, adding a table of visual spodumene estimates (2% to 20%) with a warning against treating them as grades, and clarifying historical grab sample results. No new assay results.
26 Oct 2023drilling result▲ Good
Phase 2 at North Spirit: 12 channel samples totalling 57.65 m cut at three spodumene pegmatites (Livyatan, Wrightback, Orca), with visible spodumene and additional pegmatites found. Assays are pending, so no grades yet from this work.
24 Oct 2023asset acquisition disposition● NeutralMajor
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.
28 Sept 2023annual report● Neutral
Year to 30 June 2023: loss of $1,066,891 (2022: $1,610,090). Review centres on Earaheedy, where 9 of 21 holes (2,979 m) were anomalous. Sonu Cheema is confirmed as secretary; auditor remains HLB Mann Judd.
28 Sept 2023other● Neutral
Appendix 4G corporate governance checklist accompanying the annual report, pointing to the governance statement on the company website. Administrative; no new information.
7 Sept 2023drilling result▲ GoodMajor
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.
31 July 2023director officer appointment● Neutral
Steve Samuel resigned as Company Secretary and Sonu Cheema was appointed from 31 July 2023, becoming the ASX communications contact. Administrative change; no directors changed.
26 July 2023drilling progress report● Neutral
Field work started at North Spirit: geologists are sampling and mapping pegmatites and two-mica granites near the Bear Head deformation zone, managed by Exiro. No results yet. Share count is 628,558,246, with 15M unlisted options at $0.03 expiring 31 Dec 2025.
10 July 2023investor presentation● Neutral
July 2023 presentation: 628.6M shares, 362.5M listed options, cash $2.3M, market cap about $12.6M at $0.02. Top holders are Sunset Capital (9.6%) and Exiro (8.8%). Describes a strategy of early-stage exploration with passive minority exposure to discoveries.
4 July 2023asset acquisition disposition▲ GoodMajor
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.
13 June 2023admin correction● Neutral
Re-release of the 9 June North Spirit expansion announcement, amended only to add a JORC Table 1 and Competent Person's Statement. No new substance.