Blaze Minerals Limited
BLZ.AX
Australian Securities Exchange0.00
AUD
- -
- -
Blaze Minerals Limited
BLZ.AX
(Australian Securities Exchange)
Recent
price
0.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Blaze Minerals Limited (ASX:BLZ) is an Australian-based mineral exploration company focused on the discovery and development of high-grade, high-value mineral deposits including gold, nickel, lithium, and critical metals such as beryllium, rubidium, lithium, tin, tantalite, and rare earth elements. Founded in 1996 and headquartered in West Perth, Western Australia, the company operates primarily in Australia, Uganda, and the Republic of Congo, targeting prospective regions in the Murchison and North Eastern Goldfields of Western Australia, the Gascoyne Region, Earaheedy Basin, and African jurisdictions with significant untapped potential. Its core projects encompass the Kirkalocka Gold Project, prospective for gold across two exploration licenses midway between Paynes Find and Mt Magnet; the Ntungamo Project in Uganda, spanning 60 square kilometers with extensive pegmatites exceeding 140 meters in width across three granted exploration licenses; the Mityana Project in Uganda, covering an unexplored area surrounding a historical tantalite mine under one granted license; and base metals interests in the Earaheedy Basin, with exploration for nickel and lead deposits. Blaze Minerals conducts systematic exploration activities including mapping, sampling, XRF analysis, and drilling programs to delineate economic ore bodies, with recent field work at Ntungamo yielding indicative high levels of rubidium, neodymium, and praseodymium pending laboratory confirmation. The company maintains a lean operational structure with approximately five employees and emphasizes strategic acquisitions to build its portfolio, listing on the ASX under the BLZ code following its name change from Blaze International Limited in July 2021. It serves investors seeking exposure to early-stage mineral discoveries in precious, base, and critical metals sectors, with projects at various stages from greenfields exploration to advanced drilling readiness. Recent developments include the October 2024 binding agreement to acquire approximately 60% interest in Gecko Minerals Uganda, securing the Ntungamo and Mityana projects with full regulatory approvals for immediate drilling; the July 2025 completion of an 80% acquisition in Congo Shining SARL for the 195 square kilometer Loulombo Base Metals Project featuring the high-grade Mimpala lead target, though the company announced its withdrawal from this project in late 2025 by returning the 80% equity amid operational challenges; and Gecko Minerals Limited becoming a substantial shareholder with an 8.38% stake comprising 105 million shares as of December 2024. Ongoing activities feature maiden drilling campaigns at Ugandan sites, quarterly cash flow reporting, and annual general meeting preparations, alongside exploration updates such as Ntungamo results and address changes.