Past year: ▼ 67%(0.10c – 0.30c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
30 Apr 2025quarterly activities report▼ Bad
March 2025 quarter: five Ntungamo holes (1,548m) completed, with holes 1-3 at the lab and 4-5 awaiting export clearance. Mityana assays for all three holes returned no significant results, ending that drilling with a disappointing outcome.
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.
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.
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.
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.
31 Jan 2025quarterly activities report● Neutral
December 2024 quarter: acquisition of 60% of Gecko Uganda completed, and three diamond holes (587m) finished at Mityana, with samples awaiting export permit for ALS analysis. Drilling started at Ntungamo in the week of 20 January 2025. The ~$1.25M raising was completed.
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.
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.
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.
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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.
30 Oct 2024quarterly activities report● Neutral
September 2024 quarter: the priority options offer raised $137,500 before costs. After quarter-end Blaze agreed to buy 60% of the Uganda projects. A strategic review of Kirkalocka, which will recommend further work, is under way.
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.
11 Oct 2024agm notice● Neutral
The 2024 AGM will be held on 29 November 2024 in Perth, with director nominations closing 18 October 2024. Notice of meeting expected late October. Administrative notice only.
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.
26 July 2024quarterly activities report▲ Good
June 2024 quarter: a 296-sample auger program at Kirkalocka outlined a gold anomaly over 3 km of strike (above 20 ppb), a focus for further work. The North Spirit agreement was terminated. Shareholders approved the options offer on 15 July.
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.
24 Apr 2024quarterly activities report● Neutral
March 2024 quarter: review of North Spirit Phase 1 and 2 completed, with protocols lodged with indigenous communities for possible drilling. Gold drill targets defined at Kirkalocka. Earaheedy tenement sale to Rumble reported complete for 2,291,047 Rumble shares.
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.
