Past year: ▼ 67%(0.10c – 0.30c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
11 May 2021asset acquisition disposition▲ GoodMajor
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.
27 Apr 2021drilling result▲ Good
Jimberlana soil sampling (625 samples) defines a 3 km nickel-copper-PGE anomaly along the base of an ultramafic core, with nickel up to 1580 ppm. Early-stage, not a discovery. An induced polarisation survey is planned, with drilling to follow.
7 Apr 2021regulatory community update▲ GoodMajor
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.
19 Mar 2021director officer appointment● Neutral
Company Secretary Sonu Cheema resigned and Andrew Bickley was appointed from 19 March 2021. Second secretary change in five months; administrative, with no board changes.
3 Mar 2021half year report▼ Bad
Half-year to 31 December 2020: loss $705,113 versus $346,766 a year earlier. Review of operations repeats the nickel survey and Mt Magnet news. Board unchanged; Sonu Cheema is Company Secretary. Text is truncated, so the balance sheet is not visible.
12 Jan 2021drilling result▼ BadMajor
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.
25 Nov 2020drilling spud● NeutralMajor
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.
20 Oct 2020director officer appointment● Neutral
Company Secretary Loren King resigned and Sonu Cheema was appointed from 20 October 2020. He also becomes the contact person with ASX. Administrative change; no board changes.
7 Oct 2020investor presentation● Neutral
Corporate presentation restating the gold (Mt Magnet, Kirkalocka, Leonora) and nickel focus, with 262.5M shares, 237.5M options and cash of $2.3M. Says Mt Magnet drilling is planned for the December quarter. Largely repeats known facts.
30 Sept 2020annual report● Neutral
Appendix 4G confirming the 30 June 2020 corporate governance statement is on Blaze's website, approved by the board as at 30 September 2020. Compliance paperwork lodged with the annual report; no new operational or financial information.
30 Sept 2020annual report● Neutral
Annual report for year to 30 June 2020: loss $756,163 versus $710,573. Board is Wheeler, Coxhell and Walker. Blaze holds Kirkalocka, 13 Leonora tenements, the Mt Magnet option and three nickel projects. Text is truncated.
28 Sept 2020drilling result▲ Good
Early nickel soil results: Jimberlana shows platinum-group metals over more than 5 km of strike; Binneridgie shows low-level anomalies (6-13 ppb). An airborne magnetic survey at Binneridgie is planned this quarter. Early-stage, not a discovery.
25 Sept 2020drilling result▲ Good
Mt Magnet auger sampling (540 samples) found gold up to 140 ppb, with the +50 ppb anomaly over more than 4.5 km of strike. It confirms targets for drilling, now planned for the December quarter once the extra program of works is approved.
22 July 2020director officer appointment● Neutral
Mathew Walker joins the board as non-executive director ($40,000 a year); Maciej Rosiewicz resigns. Directors Wheeler, Coxhell and Walker are to be offered 4M options each at $0.05, expiring March 2022, subject to shareholder approval. Shares on issue now 262.5M.
14 July 2020capital raising announcement● NeutralMajor
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.
What it means for a shareholder
52.5m new shares at A$0.025 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 (40,000 at the issue price), your slice goes from 0.019% to 0.0152% of the company. To keep it you'd need 10,000 more shares - about A$250 at the issue price.
Create a free account to see this worked out for your own holding.
2 July 2020material agreement▲ GoodMajor
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.
2 July 2020material agreement● Neutral
Re-release of the Mt Magnet option announcement with the JORC Code sampling tables attached. Same terms: $1M plus 7.5M shares and a 2% royalty to exercise. No new substance beyond the technical appendix.
25 June 2020asset acquisition disposition▲ GoodMajor
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.
13 Mar 2020director officer appointment● NeutralMajor
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.
12 Mar 2020half year report● Neutral
Half-year to 31 December 2019: loss $346,766 (prior period $363,905). Repeats the Leonora aircore results. Text is truncated, so the balance sheet is not visible here. Board unchanged at report date.
30 Dec 2019other● Neutral
Board approved a share trading policy on 30 December 2019 for directors and key staff, setting closed periods around reports and banning insider trading. Administrative governance document with no new substance.
2 Dec 2019drilling result▲ GoodMajor
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.
29 Nov 2019other● Neutral
New company constitution adopted by special resolution on 29 November 2019, as approved at the AGM. Administrative document; the text provided is only a contents list, so no specific changes are visible.
24 Sept 2019other● Neutral
Appendix 4G governance checklist lodged with the annual report, pointing to the corporate governance statement on the company website. Administrative filing with no new substance.
24 Sept 2019other● Neutral
Corporate governance statement setting out which ASX governance recommendations the company follows, with the Board Charter and Corporate Governance Plan on its website. Administrative disclosure with no new substance. Text is truncated.
24 Sept 2019annual report● Neutral
Annual report for year to 30 June 2019: loss $710,573, down from $2,161,702. Blaze holds Kirkalocka (six licences, about 468 sq km), eight Leonora tenements and one Thundelarra licence. Loren King resigned as a director on 5 April 2019. Text is truncated.
14 June 2019capital raising announcement● Neutral
The option entitlement offer closed undersubscribed: acceptances for 76,936,976 options (73.27%). The remaining 28,063,024 options go to a shortfall offer open up to three months. Based on $0.001 per option, the raised sum is about $77,000.
13 June 2019capital raising announcement● Neutral
New prospectus re-offers up to 92,499,998 placement options, up to 2,500,002 adviser options and 10m options to director Simon Coxhell, on the terms withdrawn on 11 June. Placement closes 21 June; Coxhell offer closes 14 June.
11 June 2019capital raising announcement● Neutral
Blaze withdraws the placement, adviser and director option offers from the prospectus after interest from investors outside Australia. It intends to reissue them in a new prospectus for Australia and Singapore. The entitlement offer continues unchanged.
7 June 2019drilling result▲ Good
Auger sampling at the newly acquired Leonora project (572 samples) found several gold anomalies above 100 ppb and defined 6 priority targets. These are early-stage results to be examined further before possible drilling; no drilling yet.
