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BLAZE Minerals Ltd

ASX:BLZ
A$0.001Close 7 Oct 2026 · delayed

Past year: ▼ 67%(0.10c – 0.30c AUD)

Market cap
A$2.9m
Shares on issue
2.92bn
Story beats
85 since 2006
Last event
3 Sept 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

17 June 2026drilling result▲ GoodMajor

Trenching at Krokodil finished: 7 trenches, 443m, 89 channel samples sent to a South African lab, with results expected in 6-8 weeks. Spot XRF readings reached 8.59% Cu. Also states the initial 70% of B&J Geoconsultants has been acquired, with a further 20% on deferred consideration.

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4 June 2026drilling progress report● Neutral

Trenching began at the Krokodil Prospect, with a minimum of 500m planned over 5 trenches using a 30-tonne excavator. Soil sampling continues elsewhere, with 2,761 samples collected so far. No new results.

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22 May 2026drilling result▲ Good

The Dinokwe anomaly is named the Krokodil Prospect. Rock-chip handheld XRF readings reached 4.17% Cu and 5.52% Pb, with visible malachite and chalcopyrite. These are screening readings, not lab assays. Trenching is planned, with possible drilling afterwards.

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29 Apr 2026drilling result▲ GoodMajor

Soil sampling at Dinokwe found a copper-in-soil anomaly about 1,000m long by 100m wide on PL046, with values up to 288ppm Cu, along a fault zone. Trenching is planned. Early-stage indicator only, not a drill result.

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31 Mar 2026drilling progress report● Neutral

Soil sampling began at Dinokwe in Botswana, starting on licence PL046 with 50m spacing on lines 400m apart, with PL0349 and PL0350 to follow. First field work under the March Botswana acquisition. No results yet.

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31 Oct 2025drilling progress report● Neutral

The Loulombo RC rig has reached Kinshasa, a short ferry from Brazzaville. It is expected in Brazzaville early next week and on site late next week. Another delay to the maiden RC drilling; no new results.

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14 Oct 2025drilling result● Neutral

Re-assaying of earlier Loulombo samples found gallium and germanium, e.g. channel 6m @ 238ppm Ga2O3 and 67ppm GeO2. Meanwhile both diamond holes hit bit refusal in fresh rock at 27m and 24m. RC rig is near Luanda, Angola, with arrival expected the following week.

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29 Sept 2025drilling progress report▼ Bad

Loulombo's diamond rig began drilling but progress is slow with poor core recovery (about 22m on the first hole). The South African RC rig is travelling by road, due in about two weeks. Diamond program may be stopped; it was only 500m versus 3,000m of RC planned.

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2 Sept 2025drilling result▲ GoodMajor

Final Ntungamo assays for holes NT-DD-004 and 005 (northern pegmatite) are described as the highest-grade yet, e.g. 18m @ 24ppm Ga2O3 and 463ppm Rb2O from 307m. This completes the five-hole program and supports the gallium-rubidium discovery; next phase still to be decided.

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26 Aug 2025drilling scheduled● Neutral

Loulombo's environmental impact assessment has been submitted and final approval is pending. Local rig BCBTP would drill immediately after approval, and a South African RC rig needs about three weeks to mobilise. Issued capital is now listed at 2,875,000,000 shares.

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21 July 2025farm in farm out completion▲ GoodMajor

Transfer of the 80% interest in Congo Shining SARL, owner of the Loulombo project, has completed. The environmental assessment and community engagement are well advanced, and a preferred drilling contractor is chosen, awaiting a final mobilisation quote. No drilling start date yet.

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11 June 2025drilling result▲ GoodMajor

First Ntungamo lab assays (holes 1-3) are reported as a new gallium and rubidium discovery, e.g. 23m @ 25ppm Ga2O3 and 476ppm Rb2O from 62m. Grades are low in absolute terms, and the text gives no resource estimate. Holes 4-5 still pending; next phase to be decided.

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10 Mar 2025drilling result▲ Good

Two more Ntungamo holes finished (NT-DD-002 at 228m, NT-DD-003 at 264m), with handheld XRF peaks of 3,014ppm Rb and 2,045ppm Nd. XRF is indicative only; lab assays pending. Rig has moved to the larger northern pegmatite for three more holes.

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4 Mar 2025drilling result▲ GoodMajor

First Ntungamo hole NT-DD-001 finished at 387m. Handheld XRF, indicative only, showed peak 2471ppm rubidium (0.27% Rb2O) and elevated neodymium and praseodymium. Lab assays are pending, and five more holes of the six-hole program are still to be drilled.

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5 Dec 2024drilling spud▲ GoodMajor

Blaze completed the Gecko Uganda acquisition (60% interest) and began an ~800m, two-rig diamond drilling campaign at Mityana. This will be the first drilling of the pegmatite at depth. Drilling is meant to finish before Christmas, then move to Ntungamo.

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29 May 2024drilling scheduled● Neutral

A 292-hole auger geochemical program has begun at Kirkalocka, following up 2019 gold anomalies on the Wydgee Greenstone belt. It is expected to take about a week, with results in coming weeks. This is the first Kirkalocka field work noted in this timeline.

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7 Dec 2023drilling result▲ GoodMajor

Phase 2 channel assays at North Spirit: 65 channels averaged 1.35% Li2O, 46 above 1.00%. Best were 1.72% over 11.7m at Livyatan and 2.82% over 2.95m at Wrightback. Resolves the pending assays; drilling is targeted for 2024, subject to indigenous community discussions.

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26 Oct 2023drilling result▲ Good

Phase 2 at North Spirit: 12 channel samples totalling 57.65 m cut at three spodumene pegmatites (Livyatan, Wrightback, Orca), with visible spodumene and additional pegmatites found. Assays are pending, so no grades yet from this work.

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7 Sept 2023drilling result▲ GoodMajor

First North Spirit results: 122 samples from phase one field work, with high-grade pegmatite samples of 4.04%, 1.91%, 1.70%, 1.51% and 1.18% Li2O over a two-kilometre corridor at Nippa. Follow-up mapping and channel sampling planned to reach drill-ready targets. Early rock samples only, not drilling.

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26 July 2023drilling progress report● Neutral

Field work started at North Spirit: geologists are sampling and mapping pegmatites and two-mica granites near the Bear Head deformation zone, managed by Exiro. No results yet. Share count is 628,558,246, with 15M unlisted options at $0.03 expiring 31 Dec 2025.

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31 Oct 2022drilling result▲ GoodMajor

Final lab results for Earaheedy stage one: 21 holes, 2,979 m, with anomalous base metals in 9 holes at the Frere/Yelma contact, typically 10-20 m thick. This confirms the earlier field readings; further drilling at 1,000 m spacing awaits heritage surveys.

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12 Aug 2022drilling result▲ GoodMajor

First Earaheedy drilling began late July: 12 holes for 1,627 m. Preliminary field readings (not lab confirmed) show zinc-lead in 5 holes, best 9 m @ 1.69% zinc within 21 m @ 0.68% zinc from 88 m. About 25 km of target strata; drilling continues west-northwest.

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14 June 2022drilling result▼ BadMajor

Jimberlana RC drilling (8 holes, 762 m) returned no anomalous results. The chargeability anomalies are interpreted as iron-rich paleochannels, and no further work is recommended. This ends the nickel target the January drilling was testing.

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16 Feb 2022drilling result▲ Good

Soil sampling at Earaheedy (180 samples) returned anomalous base metal results along the interpreted unconformity, northwest of Rumble's Chinook and Strickland's Iroquois discoveries. Follow-up mapping and soil work has started; drilling needs heritage surveys and approvals first. Early-stage, not a drill result.

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31 Jan 2022drilling spud▲ GoodMajor

RC drilling began at Jimberlana, testing the Huginn and Munnin chargeability anomalies identified in 2021. About 8 holes for 1,200 m are planned, up from 1,000 m earlier. This ends the long wait for a rig; no results yet.

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19 May 2021drilling result▲ GoodMajor

An IP survey at Jimberlana found two chargeability anomalies, Huginn and Munnin, under the earlier nickel-copper-PGE soil anomalies, now called drill ready. Drilling awaits approvals and heritage surveys in June or July. Follows the April soil results; no drilling result yet.

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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.

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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.

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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.

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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.

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