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.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
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.
28 Jan 2021quarterly activities report● Neutral
December 2020 quarter: cash $1.82M. Mt Magnet South drilling found no significant gold. A 16,800 line km airborne magnetic survey at Binneridgie shows intrusions along its 100 km strike. Rock chips found nickel-copper anomalous samples, and Jimberlana grant is expected this quarter.
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.
28 Oct 2020quarterly activities report● Neutral
September 2020 quarter: cash $2.21M. Mt Magnet South auger results (gold to 140 ppb over 4.5 km) are repeated, and Kennedy Drilling is engaged to start aircore drilling in the week of 30 November. Nickel soil results at Jimberlana and Binneridgie are also restated.
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.
8 Oct 2020agm notice● Neutral
Blaze will hold its 2020 annual general meeting on 30 November 2020 at 10am WST. Director nominations close 19 October 2020, and a notice of meeting will follow in late October.
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.
29 July 2020quarterly activities report● Neutral
Updated version of the June 2020 quarterly report, with the same content: cash $2.35M, Mt Magnet auger program, Cojinup Creek nickel applications. No visible change from the earlier release.
29 July 2020quarterly activities report● Neutral
June 2020 quarter: cash $2.35M after the $1,312,500 placement at $0.025. Mt Magnet option auger program under way, with drilling to follow once approvals arrive. Cojinup Creek nickel applications lodged. 262.5M shares on issue.
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.
28 Apr 2020quarterly activities report● Neutral
March 2020 quarter: cash $1,374,720, down from $1,528,252. Fieldwork on hold due to COVID-19 restrictions while projects were reviewed. A new licence was applied for over 25km of the Jimberlana Dyke for nickel. No new drilling results.
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.
31 Jan 2020quarterly activities report● Neutral
December 2019 quarter: cash $1,528,252, down from $1,868,251. Reports the Leonora aircore results (4m at 1.52 g/t). Applied for three nickel exploration licences covering about 440 sq km, held 90% by Blaze under a JV with a private entity holding 10%. Leonora now listed as 17 tenements.
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.
29 Nov 2019agm notice● Neutral
All five AGM resolutions passed on a show of hands, including Simon Coxhell's election, Maciej Rosiewicz's re-election, the 10% placement capacity and a replacement constitution. Each drew roughly 98.8% to 99.3% of votes in favour.
31 Oct 2019quarterly activities report● Neutral
September 2019 quarter: cash $1,868,251, down from $2,284,109. Kirkalocka auger (986) and soil (329) sampling found 20+ ppb gold anomalies. Leonora aircore drilling of about 40 holes was due by early November; nine more Leonora prospecting licences applied for.
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.