Board Change • 1h
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non Executive Chairman David Prentice was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Mar 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.6m free cash flow). Share price has been highly volatile over the past 3 months (79% average weekly change). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (83% increase in shares outstanding). Revenue is less than US$1m (AU$22k revenue, or US$15k). Market cap is less than US$10m (AU$4.31m market cap, or US$3.02m). Announcement • Oct 07
Blaze Minerals Limited, Annual General Meeting, Nov 24, 2025 Blaze Minerals Limited, Annual General Meeting, Nov 24, 2025. New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (37% average weekly change). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (357% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.19m market cap, or US$4.72m). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Announcement • Aug 25
Blaze Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.522 million. Blaze Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.522 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 164,463,879
Price\Range: AUD 0.002
Discount Per Security: AUD 0.00014
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,096,536,121
Price\Range: AUD 0.002
Discount Per Security: AUD 0.00014
Transaction Features: Subsequent Direct Listing Announcement • Jul 22
Blaze Minerals Limited (ASX:BLZ) completed the acquisition of 80% stake in Loulombo Base Metals Project from Gryphon Exploration (Pty) Ltd. Blaze Minerals Limited (ASX:BLZ) entered into a binding agreement to acquire 80% stake in Loulombo Base Metals Project from Gryphon Exploration (Pty) Ltd for $1.15 million on June 18, 2025. Blaze Minerals Limited will pay an initial consideration of $0.2 million and deferred consideration of $0.5 million on 6 month anniversary and $0.45 million on 12 month anniversary. Blaze Minerals Limited confirms it has received firm commitments from various institutional, professional and sophisticated investors to raise AUD 1.64 million. The funds raised from the Placement together with existing cash AUD 1.93 million are intended to be used for acquisition payments in relation to the Loulombo project.
The transaction is subject to approval by regulatory board / committee and third-party approval needed. The expected completion of the transaction is July 31, 2025.
Blaze Minerals Limited (ASX:BLZ) completed the acquisition of 80% stake in Loulombo Base Metals Project from Gryphon Exploration (Pty) Ltd on July 21, 2025. Board Change • Apr 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Non Executive Chairman David Prentice was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.3m free cash flow). Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (149% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$3.92m market cap, or US$2.47m). New Risk • Jan 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 149% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (149% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.27m market cap, or US$3.89m). Announcement • Dec 17
Blaze Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.253558 million. Blaze Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.253558 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 313,389,560
Price\Range: AUD 0.004
Discount Per Security: AUD 0.00024
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 17
Blaze Minerals Limited (ASX:BLZ) agreed to acquire 60% stake in Gecko Minerals Uganda from Gecko Minerals Limited for $2.1 million. Blaze Minerals Limited (ASX:BLZ) executed a binding agreement to acquire 60% stake in Gecko Minerals Uganda from Gecko Minerals Limited for $2.1 million on October 17, 2024. The consideration consists of 625 million common equity of Blaze Minerals Limited having a value of $2.1 million to be issued for common equity of Gecko Minerals Uganda. The remaining 40% of Gecko Uganda shall be free carried by Blaze Minerals until the delivery of a Bankable Feasibility Study, but may be purchased by Blaze Minerals for $0.75 million at any time within 24 months from the date of the agreement or converted into a 2% net smelter royalty at the Blaze Minerals' election. Gecko Uganda is the legal and beneficial owner of the Ntungamo Project and the Mityana Project.
The transaction is subject to approval by regulatory board / committee, approval of authorized share increase by Blaze Minerals Limited shareholders, approval of offer by Blaze Minerals Limited shareholders, approval of offer by Gecko Minerals Limited shareholders, consummation of due diligence investigation and third party approval needed. The expected completion of the transaction is December 2, 2024. Announcement • Oct 11
Blaze Minerals Limited, Annual General Meeting, Nov 29, 2024 Blaze Minerals Limited, Annual General Meeting, Nov 29, 2024. Location: perth Australia Announcement • Sep 05
Blaze Minerals Limited Announces Change of Company Secretary Blaze Minerals Limited advised that it has appointed Mr. Rhys Waldon as Company Secretary effective September 5, 2024. The appointment follows the resignation of Mr. Sonu Cheema as secretary of the Company due to unforeseen personal circumstances. For the purposes of ASX Listing Rule 12.6 Mr. Waldon will be responsible for communications between the Company and ASX. Board Change • Jun 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non Executive Chairman David Prentice was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 14
Rumble Resources Limited (ASX:RTR) completed the acquisition of Four exploration tenements in the Earaheedy Basin from Blaze Minerals Limited (ASX:BLZ). Rumble Resources Limited (ASX:RTR) agreed to acquire Four exploration tenements in the Earaheedy Basin from Blaze Minerals Limited (ASX:BLZ) for AUD 0.23 million on October 24, 2023.
Rumble Resources Limited (ASX:RTR) completed the acquisition of Four exploration tenements in the Earaheedy Basin from Blaze Minerals Limited (ASX:BLZ) on March 13, 2024. All conditions precedent have been satisfied including provisions of signed transfers, delivery of all previous exploration data and the necessary statutory consents. New Risk • Sep 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.5m free cash flow). Earnings have declined by 7.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (71% increase in shares outstanding). Revenue is less than US$1m (AU$3.5k revenue, or US$2.3k). Market cap is less than US$10m (AU$8.17m market cap, or US$5.25m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.5m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 7.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (71% increase in shares outstanding). Revenue is less than US$1m (AU$3.5k revenue, or US$2.3k). Market cap is less than US$10m (AU$8.17m market cap, or US$5.29m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Announcement • Jul 31
Blaze Minerals Limited Announces Change Company Secretary Blaze Minerals Limited advised that Mr. Steve Samuel has resigned as Company Secretary of the Company and that Mr. Sonu Cheema has been appointed as company secretary. New Risk • Jul 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 76% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.5m free cash flow). Share price has been highly volatile over the past 3 months (35% average weekly change). Earnings have declined by 7.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (76% increase in shares outstanding). Revenue is less than US$1m (AU$3.5k revenue, or US$2.3k). Market cap is less than US$10m (AU$10.7m market cap, or US$7.12m). Announcement • May 27
Blaze Minerals Limited (ASX:BLZ) entered into a Heads of Agreement to acquire North Spirit Lithium Project Ontario, Canada from Exiro Minerals Corp for CAD 2.25 million. Blaze Minerals Limited (ASX:BLZ) entered into a Heads of Agreement to acquire North Spirit Lithium Project Ontario, Canada from Exiro Minerals Corp for CAD 2.25 million on May 25, 2023. The consideration comprises of, upon execution of the Heads of Agreement (HOA), Blaze Minerals will pay a non-refundable cash fee of CAD 0.05 million to Exiro. Within 5 business days of the completion of due diligence on the assets to the sole satisfaction of Blaze Minerals, the period being no longer than 45 days, Blaze Minerals will: (a) pay Exiro (or its nominee) CAD 0.05 million in cash; and (b) issue Exiro (or its nominee) 55,000,000 Shares at an issue price of AUD 0.01 per Share (Initial Shares). The Company will seek shareholder approval for the issue of the Initial Shares at an upcoming general meeting. Within 5 business days of the date that is 12 months from entering into the HOA (Execution Date), Blaze Minerals will: (a) pay Exiro CAD 0.2 million in cash; and (b) subject to the approval of the Company’s shareholders, issue CAD 0.5 million worth of Shares at a deemed issue price equal to the 20-day volume weighted average price of Company’s shares as traded on the ASX (VWAP) up to the date that is 5 trading days prior to the First Anniversary Date. Within 5 business days of the date that is 24 months after the Execution Date (Second Anniversary Date), Blaze Minerals will: (a) pay Exiro CAD 0.2 million in cash; and (b) subject to the approval of Blaze Minerals's shareholders, issue CAD 0.75 million worth of Shares at a deemed issue price equal to the 20-day volume weighted average price of Company’s shares as traded on the ASX (VWAP) up to the date that is 5 trading days prior to the Second Anniversary Date. Within 5 business days of the date that is 36 months after the Execution Date (Third Anniversary Date), Blaze Minerals will: (a) pay Exiro CAD 0.25 million in cash; and (b) subject to the approval of the Company’s shareholders, issue CAD 1 million worth of Shares at a deemed issue price equal to the 20-day VWAP up to the date that is 5 trading days prior to the Third Anniversary Date. Within 5 business days of the date that is 48 months after the Execution Date (Fourth Anniversary Date), Blaze Minerals will: (a) pay Exiro CAD 0.5 million in cash; and (b) subject to the approval of the Company’s shareholders, issue CAD 2.25 million worth of Shares at a deemed issue price equal to the 20-day VWAP up to the date that is 5 trading days prior to the Fourth Anniversary Date. Within 5 business days of the completion of a positive scoping study on a project within the North Spirit Project enabling Blaze Minerals to progress to the next stage of development of the project, as verified by an independent Competent Person under the JORC Code: (a) pay Exiro (or its nominee) CAD 0.5 million in cash; (b) subject to the approval of Blaze Minerals's shareholders, issue CAD 0.5 million worth of Shares, to be priced at the Company’s 20-day VWAP up to the date of completion of the positive scoping study; and (c) if the approval of Blaze Minerals's shareholders is not obtained for the issuance of shares contemplated in item (b) above, Blaze Minerals will pay a cash payment to Exiro of CAD 0.5 million. Within 5 business days of completion of a bankable feasibility study, Blaze Minerals will: (a) pay Exiro (or its nominee) CAD 1 million in cash; and (b) subject to the approval of the Company’s shareholders, issue Exiro (or its nominee) CAD 1 million worth of Shares at a deemed issue price equal to the 20-day VWAP up to the date of completion of the bankable feasibility study; and (c) if the approval of Blaze Minerals's shareholders is not obtained for the issuance of shares contemplated in item (b) above, the Company will pay a cash payment to Exiro of CAD 1 million.The transaction is subject to Third Party Approval Needed, Subject to Shareholder Approval, Approval by the Regulatory Board / Committee, Approval of Offer by Blaze Minerals's Board, and Consummation of Due Diligence Investigation. Announcement • Nov 01
Blaze Minerals Limited Provides Earaheedy Basin Exploration Update Blaze Minerals Limited announce the finalisation of drilling at its Earaheedy Basin Project and the return of all laboratory analysis and compilation of the data. Previous results were based on portable XRF results in the field and all anomalous one metre samples have now been received from the Intertek Laboratory, compiled, and interpreted. A total of twenty one holes for 2,979 metres have been drilled within E69/3815 on a wide spaced nominal drill pattern, targeting the prospective stratigraphy which hosts the adjacent Rumble Resources Limited, Sweetwater, Chinook, Tonka and Navajoh discoveries, located on the unconformity contact zone between the Frere and Yelma formations, part of the Earaheedy Basin prospective stratigraphy. A number of anomalous results have been confirmed by the analysis with anomalous base metal results returned in mineralised bedrock in 9 out of the 21 holes drilled within the contact unconformity zone between the Frere and Yelma formations. Several of the holes which didn't intercept anomalous base metal results were terminated in clays or the overlying Frere formation prior to reaching target depth. The drilling to date has been spread over approximately 10 kilometres with the prospective Yelma unconformity successfully intersected and tested over a 6 kilometre extent. Results have revealed a shallowly dipping (nominally 5 degrees to the north-northwest) sequence of the Yelma and Frere contact zone with intersections in all the holes reaching target depth. Based on the work completed to date the tenement target zone covers approximately 25 kilometres of prospective stratigraphy and drilling will now advance to the west northwest on nominal 1,000 metre sections following additional Heritage surveys, allowing an additional of 12 kilometres of strike to be tested. Variations of the orientation of the stratigraphy further to the north west opens up the opportunity for additional mineralisation to be identified in flexural dilational zones of the prospective stratigraphy. Announcement • Oct 01
Blaze Minerals Limited, Annual General Meeting, Nov 30, 2022 Blaze Minerals Limited, Annual General Meeting, Nov 30, 2022. Announcement • Sep 22
Blaze Minerals Limited Auditor Raises 'Going Concern' Doubt Blaze Minerals Limited filed its Annual on Sep 20, 2022 for the period ending Jun 30, 2022. In this report its auditor, Hlb Mann Judd, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Announcement • Aug 12
Blaze Minerals Limited Announces the Commencement of Drilling At Its Earaheedy Basin Project in Late July Blaze Minerals Limited announced the commencement of drilling at its Earaheedy Basin Project in late July, following receipt of all required approvals. To date a total of twelve holes for 1,627 metres have been drilling within E69/3815 on a wide spaced nominal drill pattern, targeting the prospective stratigraphy which hosts the adjacent Rumble Resources Limited, Sweetwater, Chinook, Tonka and Navajoh discoveries, located on the unconformity contact zone between the Frere and Yelma formations, part of the Earaheedy Basin prospective stratigraphy. Highly anomalous portable XRF (pXRF) base metal readings have been recorded in mineralised bedrock in 5 out of the 12 holes drilled within the contact unconformity zone between the Frere and Yelma formations. The following results obtained via portable X-Ray Fluorescence ("XRF") determination should be considered preliminary and subject to confirmation by subsequent geochemical analysis, with samples due to be received by the laboratory in the coming few days. The geochemical analysis results may vary from those obtained from XRF.BERC8 returned pXRF readings of 9m @ 1.69% zinc,and 0.07% lead, within an overall intersection of 21m @ 0.68% zinc and 0.11% lead from 88109metres. BERC6 returned pXRF readings of 21m @ 0.23% zinc,and 0.12% lead from 2748 metres. BERC6 returned pXRF readings of 21m @ 0.23% zinc,and 0.12% lead from 5868 metres. BERC7 returned pXRF readings of 10m @ 0.13% zinc,and 0.07% Lead from 5868 metres. BERC10A returned pXRF readings of 12m @ 0.07% zinc, and 0.19% lead from 88100 metres. BERC11 returned pXRF readings of 6m @ 1.27% zinc, and 0.18% lead, within an overall intersection of 22m @ 0.50% zinc and 0.10% lead from 113135 metres. The first five holes (BERC1 BERC5) were designed to test the potential of the Iroquois carbonate dolomite formation within Blaze Mineral tenement E69/3815 with the contact zone tested with no anomalous results returned. The drilling (BERC6 BERC11) then moved to the east to evaluate and test for the Frere/Yelma unconformity which was successfully intersected in all holes reaching target depth. A number of areas were covered by up to fifty metres of Tertiary clays and colluvium which masks large portions of potential mineralisation within the tenement. The mineralised zones were characterised by quartz veining, sulphide accumulations (pyrite, galena very fine grained sphalerite) in fresh rock and in the oxide zones, gossanous ferruginous rocks. Announcement • Jul 05
Blaze Minerals Limited Advises Simon Coxhell, Currently Non-Executive Director of Blaze, Will Assume the Position of Executive Managing Director Blaze Minerals Limited advised that Simon Coxhell, currently Non-Executive Director of Blaze, will assume the position of Executive Managing Director effective 01 July 2022. Simon Coxhell will focus on progressing the exploration program at the Company's wholly owned and highly prospective Earaheedy Basin base metal project in Western Australia. Simon Coxhell is a geologist with over 35 years of experience exploring and developing a range of projects. He was previously Managing Director of Echo Resources Limited which under his leadership grew from an $8 Million market capitalisation company to $244 Million under a takeover by Northern Star Resources. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Matt Walker was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 16
Blaze Minerals Limited Announces Anomalous Results Confirm Prospectivity at Earaheedy Blaze Minerals Limited announced that its wholly owned and highly prospective tenements E52/3879, E69/3815 and E69/3885 located in the Earaheedy Basin of Western Australia have now been granted. During the September quarter Blaze conducted a detailed data capture of all previous work completed in the district and the acquisition of geophysical datasets covering the tenement locations. Based on compilation of this data numerous target areas have been interpreted and will be a major focus of the company. Portions of the tenements also incorporate another major, conceptually prospective unconformity, the unconformity between the Archaean granitic basement and overlying Yelma Formation. Soil sample results from the reconnaissance work completed in late November over portions of the Blaze Earaheedy project have been returned. A total of 180 soil and rock chip samples were collected from broad traverses over several of the tenements in areas of outcrop and subcrop, with anomalous results corresponding with the interpreted unconformity and base metal target zones. A number of these areas lie immediately to the west northwest of the strike extension of the Chinook Zinc-Lead discovery of Rumble Resources Limited and the Iroquis Zinc-Lead discovery of Strickland Metals Limited. A follow-up soil geochemistry and mapping program has commenced to identify additional target areas which are expected to be drill tested following any required heritage surveys and POW approvals. Announcement • Jan 31
Blaze Minerals Limited Announces Drill Program Commences at Jimberlana Project Blaze Minerals Limited announced the commencement and mobilisation of RC drilling at the Jimberlana Project. The RC drilling program will comprise approximately 8 RC holes for a total of 1,200 metres of drilling and is expected to be completed by the end of January 2022. The Jimberlana Project is part of a strategic landholding in a prospective `intrusive corridor'. The Company is exploring the Jimberlana tenement for large tonnage, disseminated style mineralisation within ultramafic portions of the intrusion. The GAIP survey completed in 2021 had defined two chargeability anomalies within interpreted pyroxenite phases of the intrusion that supports the model of sulphide accumulation and mineralisation. These two anomalies are priority drill targets and will be drill tested during this current program. An RC drilling program has now commenced on the Company's highly prospective Jimberlana Project. The drill program is designed to test two chargeability anomalies defined by a gradient array IP survey (GAIP) completed early in 2021 that identified phases of the intrusion that supports the model of sulphide accumulation and mineralisation. The anonmalies lie within intrusions of the Widgiemooltha Suite which is known to be mineralised with nickel, copper and PGE sulphides in nearby settings. Announcement • May 21
Blaze International Limited Reports the Receipt of A Recently Completed Gradient Array Induced Polarisation Survey from the Jimberlana Project Blaze International Limited reported the receipt of a recently completed Gradient Array Induced Polarisation (GAIP) survey from the Jimberlana Project within the company's southwest nickel projects joint venture (Blaze 90%). The Jimberlana Project is part of a strategic landholding in a highly prospective `intrusive corridor'. The Company is exploring the Jimberlana tenement for large tonnage, disseminated style mineralization within ultramafic portions of the intrusion. The GAIP survey has defined two chargeability anomalies within pyroxenite phases of the intrusion that supports the model of sulphide accumulation and mineralization. These two anomalies are high priority drill targets. The Jimberlana Norite is a sizeable differentiated mafic-ultramafic intrusion of the Widgiemooltha Suite and is known to be mineralized with nickel, copper and PGE sulphides at various localities. E63/2009 covers 18 kilometres of strike on the western end of the intrusive system. Blaze has interpreted three ultramafic `core' intrusions on E63/2009 with the `Eastern Core Complex' returning coincident nickel, copper and platinum group elements. The geochemistry was interpreted as evidence of the fertility of the Eastern Core Complex for nickel sulphide mineralization hosted on the mafic/ultramafic contact. Blaze completed a Gradient Array IP survey over the western half of the Eastern Core Complex to detect the presence of disseminated sulphide accumulations. The results show a dyke-parallel moderately chargeable zone associated with a low-magnetic phase of the intrusion. This zone is interpreted to represent disseminated sulphide within a non-magnetic pyroxenite. Blaze interprets the two point-source chargeability anomalies as representing localised zones of increased sulphide abundance. These two `pipe' targets (named Huginn and Munnin) represent compelling drill targets. Huginn is approximately 200m wide and Munnin is approximately 300m x 200m in dimension. Typically within chonoliths or differentiated intrusions sulphidic bodies may form in smaller tubular or pipe-like bodies within the larger intrusion. These may be remobilised breccia sulphide pipes or transgressive pipes of sulphide bearing magma. The most prospective portions of these pipes tend to be the `feeder' zones at depth. Blaze believes that the `keel' of the Jimberlana Norite may be the most prospective location for massive sulphide accumulations and may be up to 800m deep. The chargeability anomalies may represent the first evidence of a dynamic, mineralized intrusion that can be followed to the feeder zone at depth. The initial drill testing will be to confirm the nature of the anomalies and relationship to potentially economic mineralization. Blaze has lodged an initial Programme of Works over the existing tracks which will allow the testing of the broad stratigraphic moderate chargeability anomaly. Due to the location of the Huginn and Munnin targets heritage clearance surveys will be required prior to drilling these targets. Surveys are scheduled to occur in June or July. Further IP surveys are being planed over the remainder of the Eastern Core Complex and the Central and Western Core Complexes to detect any further high chargeability zones. Announcement • Apr 27
Blaze International Limited Reports Receipt of Highly Encouraging Geochemical Sampling from the Jimberlana Project Blaze International Limited reported the receipt of highly encouraging geochemical sampling from the Jimberlana Project within the Company's Southwest Nickel Projects joint venture (90% Blaze). The Southwest Nickel Projects include the Binneridgie, Jimberlana, Mount Day and Cojinup Creek Projects which cover significant strike lengths of nickel, copper and PGE prospective Proterozoic intrusions. The Jimberlana Project is part of a strategic landholding in a highly prospective `intrusive corridor'. The Company is exploring the Jimberlana tenement for large tonnage, disseminated style mineralisation within ultramafic portions of the intrusion. The Jimberlana Project (E63/2009) covers 18 kilometres of strike of the nickel prospective Jimberlana Norite intrusion, a mafic-ultramafic intrusion of the Widgiemooltha Suite which is known to contain significant Ni, Cu and PGE anomalism along ~300km of strike. The company completed a 625 sample soil sampling program over portions of the intrusion not covered by aeolian sands and alluvium, at a 400m x 100m nominal grid. Soil samples were taken from a coarse 0.96-2.5mm fraction to reduce the influence of the widespread aeolian sand that frustrates exploration within the region. Samples were assayed for a full suite of elements including low-level Au and platinum group elements (PGE's) using a partial digest aqua regia method. Results have shown that the current sampling methodology and size fraction has resolved highly coherent and coincident nickel, copper, chromium and platinum group element anomalies which overlie the thicker ultramafic `core complex' of the Jimberlana Intrusion. Nickel results range from 20 to 1580ppm, copper from 2 to 111ppm, and chromium from 50 to 11,150ppm (1.1%). PGE's and Au are coincident with copper anomalism, with 3 element (Au + Pt + Pd) results of up to 50ppb. The PGE results are coincident with the interpreted basal contact of the `Eastern Core Complex'. This arrangement is highly encouraging, as nickel sulphide mineralisation typically forms at the basal contact of ultramafic phases of intrusions. The Jimberlana Norite, within E63/2009, has been explored historically via soil geochemistry, auger drilling, RC and diamond drilling, as well as induced polarisation (IP) and EM. Historical soils were generally poorly responsive, which is likely due to the influence of aeolian sand. The current coarse fraction soils have resolved this issue and defined strong, highly anomalous areas within the interpreted position of the pyroxenite lower contact, the typical location for massive and semi-massive nickel sulphides. Blaze's resampling of historic RAB and RC drill spoils showed the more ultramafic rocks are lower in nickel than the more mafic gabbronorite phases of the intrusion. Best results included 0.18% Ni within lower saprolite gabbronorite. The company has received Au, Pt and Pd assay results for these end of hole samples, which confirm the rocks are prospective for Ni-Cu-PGE sulphides. Three ultramafic `core' intrusions are present within the Jimberlana Norite on E63/2009, two of which have been adequately tested by the current coarse fraction soil sampling. The central intrusive unit is poorly sampled and covered by sand dunes and transported granitic laterite. Blaze considers the soil sampling data is supportive of Ni-Cu-PGE mineralisation including massive sulphide. It is noteworthy that the Eastern Core Complex is three kilometres in length, which is comparable to many Ni-Cu-PGE bearing intrusions and demonstrates the scale of the exploration opportunity within the intrusion. Executive Departure • Mar 23
Company Secretary has left the company On the 19th of March, Sonu Cheema's tenure as Company Secretary ended after less than a year in the role. We don't have any record of a personal shareholding under Sonu's name. A total of 3 executives have left over the last 12 months. Announcement • Mar 20
Blaze International Limited Announces Executive Changes Blaze International Limited advised that Mr. Sonu Cheema has resigned as Company Secretary and that Mr. Andrew Bickley has been appointed as Company Secretary, effective on and from 19 March 2021. Mr. Bickley has over 10 years' experience working in governance and company secretarial roles with public and private companies in Australia and abroad. Recent Insider Transactions • Jan 14
Non-Executive Director recently bought AU$120k worth of stock On the 12th of January, Mathew Walker bought around 500k shares on-market at roughly AU$0.24 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Jan 12
Blaze International Limited Announces Exploration Update At Mt Magnet South Project Blaze International Limited announced that it has received the assay results from the recently completed aircore drilling program at Mt Magnet South to test target zones that had been identified from recent auger
geochemical activities. The gold geochemical anomalies coincided with a large creek system interpreted to be possibly masking basement mineralised structures with prominent breaks in the magnetics on the margin of a large granite pluton. Kennedy Drilling Contractors completed the drilling program of 43 aircore holes to an average depth of 52 metres (13 metres to 92 metres) for a total of 2,221 metres spaced over 6 individual drill lines over a total strike length of 4.4 kilometres. Four metre composite samples were initially submitted to the laboratory for gold analysis via aqua regia digest (25 grams). Results were below expectations with a maximum result of 4 m @ 0.1 g/t returned from EGAC038 from the 0-4 metre interval. This was typical of the majority of the holes with a modest enrichment observed in the top 4 metres of areas tested and suggests a regolith anomaly whereby the original source of the geochemical gold anomaly may have been transported and is not representative of the underlying basement rocks. A mixed sequence of granites, porphyry and thin ultramafic rocks were intersected in the drilling with a base of oxidation extending to an average of 42 metres depth. Announcement • Nov 25
Blaze International Limited Announces Drilling Commences At Mt Magnet South Project Blaze International Limited announced the commencement of an initial aircore drilling program at Mt Magnet South to test the multiple target zones that have been identified from recent auger geochemical activities. The gold geochemical anomalies coincide with breaks in the magnetics of a large granite pluton and a large creek system which may be masking basement mineralised structures. Kennedy Drilling Contractors mobilised to site this week and have now commenced drilling. The drilling program is initially planned to encompass approximately 40 drillholes to 50 drillholes on nominal 200 metre to 800 metre spaced northing sections (7 planned sections) with holes spaced at 50 metres east west along the sample lines. Total metres are anticipated to be approximately 2,600 metres. The drilling is expected to take approximately 10 days with all samples submitted soon thereafter. Results are anticipated to be returned within 3 weeks to 4 weeks of submission. Announcement • Oct 20
Blaze International Limited Announces Executive Changes Blaze International Limited announced that Mrs. Loren King has resigned as Company Secretary and that Mr. Sonu Cheema has been appointed as Company Secretary, effective on and from 20 October 2020. Mr. Cheema has over 10 years' experience working with public and private companies in Australia and abroad. He currently serves as a Company Secretary of several ASX listed companies. Announcement • Oct 05
Blaze International Limited Announces the Results of Recent Field Work Activities at its Three South West Nickel Projects Blaze International Limited announced the results of recent field work activities at its three South West Nickel Projects (BLZ 90%). During 2020 the company commenced a program of targeted tenement acquisition to explore for nickel sulphide accumulations within prospective zones of Proterozoic intrusive suites, comprising the Binneridgie Project, Jimberlana Project and the Cojinup Creek Project. The Binneridgie Project (ELA's 63/2004, 15/1750 and 15/1751) covers 110 kilometres of strike of the nickel sulphide bearing, sulphur saturated gabbro intrusions of the Binneridgie Dyke Suite. The Binneridgie Project (ELA's 63/2004, 15/1750 and 15/1751) covers 110 kilometres of strike of the nickel sulphide bearing, sulphur saturated gabbro intrusions of the Binneridgie Dyke Suite. The recently pegged Jimberlana Project (ELA 63/2009) covers ~18 strike kilometres of the nickel sulphide bearing and PGE bearing Jimberlana Norite Intrusion. Announcement • Sep 26
Blaze International Limited Completes Mt Magnet Gold Project Auger Samples Blaze International Limited announced that is has entered into an option agreement to acquire a 100% interest in 3 exploration licences (52 sub-blocks) covering 147 square kilometres (Project) and located immediately south of Mt Magnet and north of its existing Kirkalocka tenement holding covering large portions of the Meekatharra-Wydgee Greenstone Belt. The Project is currently held by a private explorer Eastern Goldfields Exploration Pty Ltd. (EGE) who has been prospecting and exploring the tenements for a number of years. The systematic work completed by EGE has highlighted a number of gold soil geochemical anomalies considered prospective by Blaze for gold mineralisation.
Previous work by the private explorer totaling 2,028 soil samples collected over the tenement areas had defined a number of gold in-soil anomalies. Blaze has completed an auger geochemical program totaling 540 samples over an interpreted target zone covering five kilometres of strike located south of the Mt Magnet mining province. The area previously contained large untested gold soil anomalies which Blaze has infilled and further tested in order to better define drill targets which are planned to be drilled in the December quarter. Program of works have been lodged over portions of the target zone and an additional POW will be lodged to cover additional targets within E58/524
and approvals are expected next month. The gold anomalies coincide with prominent breaks in the magnetics of the area within and on the margin of a large granite pluton and coinciding with a large creek system which may be masking basement mineralised structures. Blaze is engaging with drilling contractors to commence work as soon as the final POW has been approved with work expected to commence in the December quarter. Announcement • Jul 21
Blaze International Limited has completed a Follow-on Equity Offering in the amount of AUD 1.3125 million. Blaze International Limited has completed a Follow-on Equity Offering in the amount of AUD 1.3125 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 52,500,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Transaction Features: Subsequent Direct Listing 
