Past year: ▼ 67%(0.10c – 0.30c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
30 July 2019quarterly activities report● Neutral
June 2019 quarter: cash $2,284,109, down from $2.41m. Leonora auger sampling identified gold anomalies and an aircore drilling campaign is being planned. A program of work for auger sampling across Kirkalocka targets has been submitted. 210m shares and 210m options on issue.
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92,499,998 placement options, up to 2,500,002 adviser options and 10m options to director Simon Coxhell, on the terms withdrawn on 11 June.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.
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.
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.
30 Apr 2019quarterly activities report● Neutral
March 2019 quarter: cash $2,412,152. Blaze has a drilling permit for up to 100 shallow RAB holes near April Fools. Galt Mining Solutions ranked a top ten of targets across Kirkalocka. Leonora tenements described as acquired. No drilling yet.
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.
1 Feb 2019quarterly activities report● Neutral
December 2018 quarter: cash $2.76m. Terra Resources' geophysics review identified targets around the April Fools workings, east of known gold workings that have had no soil or drill testing. Iron Clad and Beau options remain held. No drilling yet.
28 Nov 2018agm notice● Neutral
All three AGM resolutions passed with over 99% support, including the remuneration report, re-election of Loren King and the 10% placement capacity. Routine business.
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 Nov 2018quarterly activities report▼ Bad
September 2018 quarter: cash $2.98m, down from $3.18m. Site visits to Thundelarra and Kirkalocka found no significant rock-chip assays. Quinton Meyers replaces Loren King as company secretary; King stays a director. Blaze is looking at new projects.
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.
1 Aug 2018quarterly activities report● Neutral
June 2018 quarter: cash $3,180,638. Kirkalocka option exercised for $100,000, and consultant Terra Resources engaged to compile geophysical data. Site visits rescheduled. No drilling yet.
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.
26 Feb 2018agm notice▲ Good
All resolutions passed at the 26 February general meeting, including the change to nature and scale of activities, consideration shares and options, and a company name change. This clears the Everest acquisition for shareholder approval, as the March quarter report confirms.
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.
1 Feb 2018quarterly activities report● Neutral
December 2017 quarter: cash $1.0m. Thundelarra was acquired and is under review, with a field trip planned. Five historic gold-copper targets remain untested by drilling. Everest deal still pending.
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.
Create a free account to see this worked out for your own holding.
