Past year: ▼ 67%(0.10c – 0.30c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
28 Nov 2017agm notice● Neutral
All four AGM resolutions passed, including the remuneration report, election of Maciej Rosiewicz and re-election of Josh Puckridge. The 10% placement capacity passed with about 75% in favour. Routine business.
1 Nov 2017quarterly activities report● Neutral
September 2017 quarter: cash $1.2m, 127,013,264 shares. Blaze is assessing Pilbara conglomerate-hosted gold projects, with acquisition talks still non-binding. The Listing Rule 10.1 resolution on the KMM payment misses the 28 November AGM and goes to a later meeting.
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.
1 Aug 2017quarterly activities report● Neutral
June 2017 quarter: cash $1.31m, 127,013,264 shares. KMM disposal is done, but the $90,000 payment still needs a shareholder meeting notice under Listing Rule 10.1. The company holds no projects and is assessing acquisitions, with discussions non-binding.
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.
1 May 2017quarterly activities report● Neutral
March 2017 quarter: cash $1.51m, 127,013,264 shares and 75.5m options on issue. Marble Bar costs are settled and the option not exercised. KMM disposal still pending, and new projects are being assessed without any deal. Maciej Rosiewicz is now a director.
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.
1 Feb 2017quarterly activities report▼ Bad
December 2016 quarter (the report's 'December 2017' header looks like a typo): the Marble Bar option was not exercised after drilling showed narrower pegmatites. The rights issue raised little, with only 1,012,597 shares issued. KMM disposal still pending; new projects under review.
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.
30 Nov 2016agm notice● Neutral
All five AGM resolutions passed on a show of hands, each with over 99.9% support. They included the remuneration report, Loren Jones's re-election and approval of a 10% placement capacity. Routine.
29 Nov 2016drilling result▼ BadMajor
Blaze suspended Marble Bar RC drilling after 12 holes (702m), all hitting pegmatite but only 2-4m wide, narrower than outcrop. Flatter 30-35 degree dips are thought to explain part of this. Assays due early December; a setback for the lithium thesis.
21 Nov 2016capital raising announcement● Neutral
Updated rights issue timetable: offer closes 11 January 2017, shares to be issued 18 January 2017. The company says documents took longer because of its focus on Marble Bar. Repeats the extension already flagged on 21 November.
21 Nov 2016drilling spud▲ GoodMajor
RC drilling has started at Marble Bar, Blaze's first lithium drilling: 18 initial holes, about 1,580m, possibly extended. The rights issue close moves to 11 January 2017, so shareholders can decide after seeing drill results.
17 Nov 2016drilling scheduled▲ Good
Blaze has all approvals for up to 3,000m of RC drilling at Marble Bar, starting by 21 November 2016 on three priority spodumene pegmatite targets. First assays are expected in mid-December.
16 Nov 2016capital raising announcement● Neutral
Confirms rights issue documents have been sent to eligible shareholders. Terms are unchanged: 1-for-3 at 5 cents to raise up to $2.1m, with free options exercisable at 8 cents until 1 March 2019.
8 Nov 2016capital raising announcement● Neutral
Cover letter sending the rights issue letters to eligible and ineligible shareholders, repeating known terms: 1-for-3 at 5 cents, up to $2.1m, with attaching options. No new information.
7 Nov 2016capital raising announcement● Neutral
Letter to optionholders on the rights issue: they can join only by exercising options (at 8 cents) before the 10 November record date. Planned use of the $2.1m includes $500k for Barkly and $300k for Marble Bar drilling. Full take-up gives about 168m shares.
4 Nov 2016capital raising announcement● NeutralMajor
Prospectus lodged for a 1-for-3 non-renounceable rights issue at 5 cents to raise up to $2.1m, with one free option for every two shares taken up. It is managed by Cicero Advisory and Merchant Corporate Finance. Text is truncated.
3 Nov 2016capital raising announcement● Neutral
The rights issue timetable slips slightly because documents took longer to finalise while the company focused on Marble Bar. The prospectus is now due 4 November and the offer closes 24 November, with shares issued 1 December.
31 Oct 2016quarterly activities report● Neutral
September 2016 quarter: cash $2.03m, 126m shares on issue. The KMM disposal is still unresolved, and Barkly interest is listed as 'earning 80%'. The 1-for-3 rights issue at 5c to raise $2.1m is being finalised. Lithium results are repeated from earlier releases.
