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Blaze Minerals
(Sydney:BLZ)
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Rating:44Neutral
Price Target:―
Action:Reiterated
Date:08/04/26
The score is driven mainly by weak financial performance (minimal/volatile revenue, persistent losses, and ongoing cash burn). A debt-free balance sheet with positive equity provides some stability, but does not offset the lack of sustainable profitability. Limited technical data and a negative P/E (loss-making) further constrain the score.
Positive Factors
Debt-free balance sheet
A lack of reported debt materially reduces refinancing risk and interest burden over the medium term. This structural strength gives the company flexibility to fund exploration or operations, negotiate from a stronger position, and survive periods of negative cash flow without immediate solvency pressure.
Negative Factors
Persistent negative cash generation
Ongoing negative operating and free cash flow indicates the business cannot self-fund its activities and will remain dependent on external financing. Over months this elevates dilution and execution risk, constrains reinvestment capacity, and limits the company’s ability to respond to setbacks or pursue growth opportunities.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A lack of reported debt materially reduces refinancing risk and interest burden over the medium term. This structural strength gives the company flexibility to fund exploration or operations, negotiate from a stronger position, and survive periods of negative cash flow without immediate solvency pressure.
Read all positive factors
Blaze Minerals (BLZ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.92M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)4.18
Revenue GrowthN/A
EPS Growth31.82%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,925,000,000
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.75
Price to Sales (P/S)396.24
P/FCF Ratio-3.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Blaze Minerals Business Overview & Revenue Model
Company Description
Blaze Minerals Limited, along with its subsidiaries, specializes in discovering and developing mineral resources. The company primarily targets deposits of nickel, gold, and other base metals. It possesses a collection of exploration projects situ...
Blaze Minerals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.39K | 8.77K | 15.88K | 11.85K | 5.87K | 100.00 |
| Gross Profit | 3.39K | -3.33K | -15.00K | 11.85K | 5.87K | -7.30K |
| EBITDA | -4.74M | -4.48M | -831.00K | -1.05M | -1.59M | -2.42M |
| Net Income | -5.82M | -4.48M | -4.65M | -1.07M | -1.61M | -2.43M |
Balance Sheet | ||||||
| Total Assets | 5.27M | 6.62M | 4.26M | 6.78M | 6.46M | 6.67M |
| Cash, Cash Equivalents and Short-Term Investments | 786.08K | 462.63K | 739.80K | 1.26M | 1.78M | 2.65M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 158.18K | 1.98M | 74.27K | 135.06K | 69.51K | 66.12K |
| Stockholders Equity | 5.11M | 4.64M | 4.19M | 6.64M | 6.39M | 6.60M |
Cash Flow | ||||||
| Free Cash Flow | -1.06M | -887.91K | -1.52M | -1.40M | -1.44M | -1.18M |
| Operating Cash Flow | -1.06M | -887.91K | -769.89K | -735.93K | -921.84K | -760.49K |
| Investing Cash Flow | -1.60M | -1.11M | -748.41K | -668.56K | -517.90K | -424.11K |
| Financing Cash Flow | 2.32M | 1.67M | 1.00M | 879.00K | 572.49K | 2.64M |
Blaze Minerals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$1.82M | -12.60 | -180.77% | ― | ― | 87.98% | |
44 Neutral | AU$2.92M | -0.43 | -119.29% | ― | ― | 31.82% | |
43 Neutral | AU$2.14M | -5.00 | -43.09% | ― | ― | 55.56% | |
43 Neutral | AU$4.85M | -0.86 | -164.84% | ― | ― | -41.67% |
* Basic Materials Sector Average
AU:BLZ
Blaze Minerals
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―
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AU:AOA
Ausmon Resources Limited
―
―
―
AU:WSR
Westar Resources Ltd.
0.01
0.00
0.00%
AU:VTA
Bastion Minerals Ltd
0.02
-0.02
-50.00%
Blaze Minerals Corporate Events
Blaze Minerals flags high-grade copper anomaly at Botswana’s Dinokwe Project
Jul 27, 2026
Blaze Minerals has advanced exploration at its Dinokwe Project in Botswana, where it is targeting copper-lead-zinc mineralisation at the Krokodil Prospect within the Limpopo Mobile Belt. The prospect sits in a region already known for sizable base...
Blaze Minerals Confirms Timing for Planned Securities Issue
Jun 26, 2026
Blaze Minerals has updated the market on a proposed issue of securities, clarifying that the previously estimated issue date is now confirmed, in line with ASX Listing Rule disclosure requirements. The securities will be issued via a placement or ...
Blaze Minerals Clarifies Timing of Proposed Securities Issue
Jun 26, 2026
Blaze Minerals Limited has updated its previously announced proposed issue of securities, confirming that the originally estimated issue date is now known. The company has lodged an amended Appendix 3B with the ASX, clarifying the timing of the pl...
Blaze Minerals Starts Trenching at Botswana Krokodil Prospect After Strong Geochemical Results
Jun 3, 2026
Blaze Minerals has begun a trenching campaign at its Krokodil Prospect, part of the Dinokwe Base Metals Project in Botswana, to test a copper-in-soil anomaly measuring roughly 1,000 metres by 100 metres. The work follows encouraging soil and rock-...
Blaze Minerals Issues New Shares and Flags Early-Stage Acquisition Talks
May 26, 2026
Blaze Minerals has issued fully paid ordinary shares and confirmed that this capital issuance was conducted without a disclosure document under the relevant Corporations Act provisions, while affirming its compliance with periodic reporting and co...
Blaze Minerals Seeks ASX Quotation for 50 Million New Shares
May 26, 2026
Blaze Minerals Limited has applied for quotation on the ASX of 50,000,000 new ordinary fully paid shares, with an issue date of 26 May 2026. The additional securities, which follow a previously announced transaction, will expand the company’...
Blaze Minerals Relocates Registered Office to West Perth Hub
May 26, 2026
Blaze Minerals Limited has changed its registered office and principal place of business to Ground Floor, 28 Ord Street, West Perth, Western Australia, effective immediately, as notified to the ASX. The administrative move consolidates the company...
Blaze Minerals Extends Timeline for Securities Issue Tied to Acquisition
May 22, 2026
Blaze Minerals Limited has updated its proposed securities issue, advising the ASX that the planned timetable for the placement has changed. The adjustment reflects an extension of the end date to allow more time to satisfy the remaining condition...
Blaze Minerals Steps Up Exploration at Botswana’s Krokodil Prospect After Strong XRF Results
May 22, 2026
Blaze Minerals has reported further encouraging exploration results from the newly named Krokodil Prospect, a copper-in-soil anomaly on licence PL046 within its Dinokwe Base Metals Project in Botswana. Rock-chip sampling over a 1,000 by 100 metre ...
Blaze Minerals Delays Proposed Securities Issue as Acquisition Conditions Remain Outstanding
May 6, 2026
Blaze Minerals has updated its proposed issue of securities, notifying the ASX of a change to the planned issue date for a placement or similar equity raising. The securities are intended to be quoted on the ASX, and the update follows an earlier ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.