Past year: ▼ 67%(0.10c – 0.30c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
9 June 2023asset acquisition disposition▲ Good
Exiro staked 129 more claims (2,550 ha), taking North Spirit to 1,827 claims and 36,510 ha. Due diligence is well advanced and field work is expected next quarter. Issued shares now show 457,508,246, up 90M from 367.5M, cause not stated in this text (inference: likely the placement).
26 May 2023asset acquisition disposition▲ GoodMajor
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.
26 May 2023other● Neutral
ASX notice that Blaze's suspension will lift once it releases the placement outcome announcement. Administrative only, with no new information.
24 May 2023other● Neutral
Blaze requested a voluntary suspension from 24 May 2023 pending an announcement on the outcome of a placement to sophisticated investors, following a trading halt requested on 19 May. Size and price were not given. Administrative step.
28 Feb 2023half year report● Neutral
Half-year to 31 December 2022: loss of $554,633 (prior-year period $536,952). Operations repeat the Earaheedy stage one drilling of 21 holes/2,979 m and four granted tenements. Auditor remains HLB Mann Judd; no change in activities.
31 Oct 2022drilling result▲ GoodMajor
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.
20 Sept 2022annual report● Neutral
Year to 30 June 2022: loss $1,610,090, down from $2,428,354. Five Earaheedy tenements (about 650 sq km) are granted; no dividend. Board is Prentice, Coxhell as Managing Director and Walker; auditor remains HLB Mann Judd.
20 Sept 2022other● Neutral
Appendix 4G and corporate governance statement lodged with the annual report, dated 20 September 2022. Compliance paperwork pointing to the website statement; no operational or financial content.
12 Aug 2022drilling result▲ GoodMajor
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.
4 July 2022director officer appointment● NeutralMajor
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.
14 June 2022drilling result▼ BadMajor
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.
19 May 2022investor presentation● Neutral
May 2022 presentation on Earaheedy: about 650 sq km next to Rumble's and Strickland's discoveries, with drilling set for the 2022 field season. Cites 357.5M shares, market cap $9.6M and cash $1.82M at 31 March 2022. Largely repeats known facts.
4 May 2022other● Neutral
Registry top-20 holder and distribution report for the listed options (expiring 31 May 2024), dated 4 May 2022. 97 holders hold 357.5M options; top 20 hold 82.48%. Chairman Prentice holds 15M. Confirms the priority options were issued; no new operations.
5 Apr 2022security holder rights change▼ BadMajor
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.
22 Mar 2022capital raising announcement● Neutral
Blaze lodged a prospectus offering up to 327,499,889 new listed options, matching the expired BLZO count. Offer closes 27 April 2022, subject to a 31 March general meeting. Per the earlier notice, price is $0.001 and exercise $0.05, so it raises at most about $327,500.
11 Mar 2022director officer appointment● Neutral
Sonu Cheema resigned as joint Company Secretary; Steve Samuel remains sole Company Secretary and ASX contact. Administrative; no board change.
28 Feb 2022half year report● Neutral
Half-year to 31 December 2021: loss $536,952, down from $705,113 a year earlier. Restates known activity: Earaheedy grants, Jimberlana drilling plans, board change to Prentice. Auditor remains HLB Mann Judd.
23 Feb 2022security holder rights change● NeutralMajor
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.
23 Feb 2022admin correction● Neutral
Amended option expiry letter to holders, adding a line that quotation of BLZO ceases on 25 March 2022. Otherwise it repeats the 23 February notice: $0.05 exercise, 31 March expiry, no underwriting.
16 Feb 2022drilling result▲ Good
Soil sampling at Earaheedy (180 samples) returned anomalous base metal results along the interpreted unconformity, northwest of Rumble's Chinook and Strickland's Iroquois discoveries. Follow-up mapping and soil work has started; drilling needs heritage surveys and approvals first. Early-stage, not a drill result.
7 Feb 2022price query● Neutral
ASX queried a share price rise from $0.028 to $0.052 and higher volume between 31 January and 7 February 2022. Blaze said it knew of no unannounced information and pointed to the Jimberlana drilling start and Earaheedy grants.
31 Jan 2022drilling spud▲ GoodMajor
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.
20 Dec 2021other● Neutral
Share registry Automic moved its Perth office to Level 5, 191 St Georges Terrace from 20 December 2021. Administrative notice only, with no operational or financial content for Blaze.
30 Nov 2021director officer appointment● NeutralMajor
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.
17 Nov 2021regulatory community update▲ GoodMajor
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.
4 Nov 2021director officer appointment● Neutral
Andrew Bickley resigned as Company Secretary; Sonu Cheema and Steve Samuel were appointed joint company secretaries. Third secretary change since October 2020 (Cheema returns). Administrative; no board change.
22 Sept 2021annual report● Neutral
Appendix 4G confirming the corporate governance statement for the year to 30 June 2021 is on the website, current as at 22 September 2021. Compliance paperwork with no new operational or financial information.
22 Sept 2021annual report▼ Bad
Year to 30 June 2021: loss $2,428,354, up from $756,163 the year before. Earaheedy is described as a main focus alongside Jimberlana, once tenure is granted. Board is Wheeler, Coxhell and Walker. Auditor remains HLB Mann Judd.
13 July 2021other● Neutral
Blaze International Limited became Blaze Minerals Limited after shareholders approved the change at the 9 July 2021 meeting. ASX code stays BLZ; the new name takes effect on the ASX around 15 July. Name change only.
19 May 2021drilling result▲ GoodMajor
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.
