30 May 2019other● Neutral
Letter telling shareholders with registered addresses outside Australia and New Zealand that they cannot take part in the option entitlement offer. Administrative notice with no new substance.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 May 2019capital raising announcement● Neutral
Blaze confirms the entitlement offer prospectus was sent to eligible shareholders, with personalised letters sent 23 May. Offer closes 11 June. Administrative step in the option offer; no new substance.
30 May 2019other● Neutral
Letter to eligible shareholders explaining the 1-for-2 option entitlement offer at $0.001 per option, up to $105,000, closing 11 June 2019. Repeats the prospectus terms and timetable; no new information.
22 May 2019farm in farm out completion▲ Good
Blaze settles the Leonora acquisition after shareholders approved it on 20 May 2019, issuing 2,713,404 shares to the vendors. Completes the deal announced on 5 April.
22 May 2019capital raising announcement● NeutralMajor
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.
5 Apr 2019asset acquisition disposition▲ GoodMajor
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.
15 Mar 2019half year report▼ Bad
Half-year to 31 December 2018: loss $363,905, up from $244,771. Blaze reviewed Pilbara gold opportunities and expanded Kirkalocka via options. Quinton Meyers became company secretary on 31 October 2018. Text is truncated.
23 Nov 2018asset acquisition disposition▲ GoodMajor
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.
1 Oct 2018annual report▼ Bad
Annual report for year to 30 June 2018: loss $2,161,702, up from $1,049,701 in FY17. Blaze held 100% of Thundelarra and Kirkalocka (E59/2280) after paying $100,000 for the Kirkalocka option. No change to activities. Text is truncated.
1 Oct 2018other● Neutral
Corporate governance statement setting out how Blaze follows ASX governance recommendations. Administrative document with no new operational or financial information. Text is truncated.
1 Oct 2018other● 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.
20 Sept 2018asset acquisition disposition▲ Good
Blaze is granted exploration licence E59/2330 (70 blocks) adjoining Kirkalocka, extending the project to over 30km of greenstone strike. Historic third-party drilling just south showed low-grade gold. A field trip is planned this quarter.
4 May 2018asset acquisition disposition▲ GoodMajor
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.
30 Apr 2018quarterly activities report▲ GoodMajor
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.
23 Feb 2018half year report● Neutral
Half-year to 31 December 2017: loss $244,771 (prior period $771,559). Repeats the Thundelarra acquisition and its five historic gold targets. Text is truncated.
19 Jan 2018capital raising announcement● NeutralMajor
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.
What it means for a shareholder
31.8m new shares at A$0.050 to raise about A$1.6m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (20,000 at the issue price), your slice goes from 0.0157% to 0.0126% of the company. To keep it you'd need 5,000 more shares - about A$250 at the issue price.
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3 Jan 2018business combination▲ GoodMajor
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.
18 Dec 2017asset acquisition disposition● Neutral
Blaze confirms settlement of the Thundelarra licence acquisition on the announced terms and has begun a desktop review. Completes the 8 December deal.
8 Dec 2017asset acquisition disposition▲ GoodMajor
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.
26 Sept 2017annual report● Neutral
Appendix 4G lodged with the annual report, pointing to the corporate governance statement on the company website. Administrative filing with no new business information.
26 Sept 2017annual report● Neutral
FY2017 annual report: loss $1,049,701 (FY2016: $2,000,485). The KMM disposal settled 12 May 2017 and Barkly was disposed of. Darren Patterson resigned as a director on 1 April 2017; Maciej Rosiewicz joined. Company is seeking new projects. Text is truncated.
26 Sept 2017other● Neutral
Corporate governance statement setting out which ASX governance recommendations Blaze follows, including a diversity policy with no measurable gender targets. Administrative; no change to business. Text is truncated.
17 July 2017other● Neutral
Share registry moves to Automic Registry Services from 24 July 2017. Administrative change with no effect on the business.
12 May 2017asset acquisition disposition● NeutralMajor
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.
12 May 2017other● Neutral
ASX lifts the suspension of Blaze securities from the start of trading on 12 May, following the KMM settlement announcement. Administrative notice.
11 May 2017other● Neutral
Blaze asks to extend its voluntary suspension to 12 May, still pending clarification of settlement terms with ASX. No new information.
10 May 2017other● Neutral
ASX suspends Blaze's securities at the company's request, pending an announcement. Administrative notice with no substance of its own.
10 May 2017other● Neutral
Blaze requests a voluntary suspension following a trading halt on 8 May, pending 'clarification of settlement terms with ASX'. The announcement is not yet explained.
10 Mar 2017half year report● Neutral
Half-year to 31 December 2016: loss $771,559 (prior period $1,047,047). Repeats the Marble Bar drilling and the decision not to exercise the option, and that the rights issue produced 1,012,597 new shares. Text is truncated.
30 Dec 2016material agreement termination▼ BadMajor
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.