Board Change • May 20
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. Board Change • May 01
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. Board Change • Dec 24
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. Announcement • Oct 07
Blaze Minerals Limited, Annual General Meeting, Nov 24, 2025 Blaze Minerals Limited, Annual General Meeting, Nov 24, 2025. 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 Board Change • Aug 18
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. 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. 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 14
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 (16% 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 (18% 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$7.54m market cap, or US$4.88m). 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 (38% 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. 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. 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. 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. 
