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An update from Blaze Minerals ( (AU:BLZ) ) is now available.
Blaze Minerals Limited has announced the acquisition of an 80% interest in the Loulombo Base Metals Project in the Republic of Congo, marking a significant step in its strategic expansion. This acquisition, coupled with a successful capital raising of $2.522 million, positions Blaze to capitalize on the project’s promising exploration targets, particularly the Mimpala Target, which has shown exceptional sampling results for lead, vanadium, copper, and zinc. The project is strategically located with excellent infrastructure, and the company plans to commence drilling by August 2025, pending regulatory approval, indicating a robust growth trajectory and potential value creation for stakeholders.
More about Blaze Minerals
Blaze Minerals Limited is a company operating in the mining industry, focusing on base metals exploration. The company’s primary activities involve identifying and developing mineral projects with significant potential, particularly in regions with rich geological formations.
Current Market Cap: A$4.7M
For a thorough assessment of BLZ stock, go to TipRanks’ Stock Analysis page.