Blaze Minerals (BLZ) AI Stock Analysis

• Market Cap: AU$2.88M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 0.93
• Revenue Growth: N/A
• EPS Growth: 60.81%
• Country: AU
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 2,875,000,000
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: 0.02
• Price to Book (P/B): 0.75
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.91
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: ―

The score is driven primarily by very weak financial performance (zero/declining revenue, persistent losses, and ongoing cash burn), partially offset by the absence of reported debt. Technical and valuation impacts are neutral because key indicators (trend/momentum metrics, P/E, and dividend yield) were not provided.

Positive Factors

Zero Debt

Zero debt reduces financial risk and refinancing pressure, providing Blaze Minerals with greater financial flexibility and stability.

New Discoveries in Uganda

The discovery of critical minerals in Uganda could enhance Blaze Minerals' market positioning and offer new long-term growth opportunities.

Governance Standards

Strong governance practices enhance stakeholder trust and support sustainable long-term operations and strategic decision-making.

Negative Factors

Zero Revenue

Zero revenue indicates a lack of operational scale and market penetration, challenging Blaze Minerals' ability to generate sustainable income.

Persistent Losses

Ongoing losses erode the capital base, limiting reinvestment potential and threatening long-term viability without strategic changes.

Negative Cash Flow

Negative cash flow indicates Blaze Minerals is consuming cash, necessitating external funding to sustain operations, impacting financial health.

Blaze Minerals Business Overview & Revenue Model

Company Description

Blaze Minerals Limited, together with its subsidiaries, explores for and develops mineral properties. The company primarily explores for nickel, gold, and base metal deposits. It holds portfolio of projects located in Western Australia. The company was formerly known as Blaze International Limited and changed its name to Blaze Minerals Limited in July 2021. Blaze Minerals Limited was incorporated in 1996 and is based in Subiaco, Australia.

How the Company Makes Money

Blaze Minerals Limited makes money through the exploration and development of mineral properties. The company's revenue model is primarily driven by discovering and proving the viability of mineral deposits, which can then be sold, joint-ventured, or developed into operational mines. Key revenue streams include the sale of mineral rights or properties, partnership agreements with larger mining companies, and potential future mining operations. Partnerships with other exploration companies or larger mining entities often provide capital investments or joint venture opportunities that can contribute to the company's earnings.

Blaze Minerals Financial Statement Overview

Summary

Blaze Minerals Limited faces significant financial challenges, with continuous losses and negligible revenue generation. While the absence of debt is a positive aspect, the company struggles with operational inefficiencies and cash flow sustainability. This places the company in a precarious financial position, necessitating strategic changes to improve revenue and profitability.

Income Statement

The company has consistently reported zero or negligible revenue over the years, with negative gross and net profit margins, indicating severe profitability issues. Net income is deeply negative, reflecting ongoing losses. Revenue growth is non-existent, and the EBIT and EBITDA margins are negative, showcasing operational inefficiencies.

Balance Sheet

The company maintains a strong equity position with no debt, resulting in a favorable debt-to-equity ratio of 0. The equity ratio is high, indicating reliance on equity financing. However, the return on equity is negative due to consistent net losses, which undermines overall balance sheet health.

Cash Flow

The company experiences negative operating and free cash flows, raising concerns about cash sustainability. The free cash flow growth rate is volatile and negative, and the cash flow ratios with net income are not favorable, indicating challenges in cash generation relative to reported losses.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.38K	0.00	0.00	11.85K	5.87K	100.00
Gross Profit	-3.33K	-3.33K	-15.00K	11.85K	5.87K	-7.30K
EBITDA	-4.40M	-4.48M	-831.00K	-1.05M	-1.59M	-2.42M
Net Income	-4.48M	-4.48M	-4.65M	-1.07M	-1.61M	-2.43M
Balance Sheet
Total Assets	6.62M	6.62M	4.26M	6.78M	6.46M	6.67M
Cash, Cash Equivalents and Short-Term Investments	462.63K	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	1.98M	1.98M	74.27K	135.06K	69.51K	66.12K
Stockholders Equity	4.64M	4.64M	4.19M	6.64M	6.39M	6.60M
Cash Flow
Free Cash Flow	-1.30M	-887.91K	-1.52M	-1.40M	-1.44M	-1.18M
Operating Cash Flow	-887.91K	-887.91K	-769.89K	-735.93K	-921.84K	-760.49K
Investing Cash Flow	-1.11M	-1.11M	-748.41K	-668.56K	-517.90K	-424.11K
Financing Cash Flow	1.67M	1.67M	1.00M	879.00K	572.49K	2.64M

Blaze Minerals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RBX	50 Neutral	AU$5.64M	-2.31	-99.05%	―	―	37.65%
RNX	46 Neutral	AU$8.28M	―	-36.96%	―	―	-18.18%
SBR	46 Neutral	AU$4.34M	-7.06	-4.35%	―	―	62.22%
AS2	45 Neutral	AU$8.46M	-0.29	-93.45%	―	―	27.01%
BLZ	44 Neutral	AU$2.88M	―	-101.41%	―	―	60.81%
CR9	43 Neutral	AU$8.27M	―	-27.60%	―	―	36.36%

Blaze Minerals Corporate Events

Blaze Minerals Shifts Focus to Ugandan Projects Amid Congo Withdrawal

Blaze Minerals Limited has announced its withdrawal from the Loulombo Base Metals Project in the Republic of the Congo due to security concerns that affect the safety of personnel and equipment, making it difficult to secure insurance. The company will now focus on its Ntungamo Project in Uganda, where recent drilling has confirmed a new discovery of critical minerals, gallium and rubidium, which could enhance its market positioning and offer new opportunities for stakeholders.

Blaze Minerals Faces Operational Challenges at Loulombo Project

Blaze Minerals Limited has encountered a setback in its exploration activities at the Loulombo Project in the Republic of the Congo due to a dispute with its local business partner, Congo Shining SARL. The company has been informed that it allegedly failed to meet unspecified obligations, leading to concerns over the security of site personnel and equipment. As a result, the drilling contractor has demobilized personnel while the RC drill rig remains on site. Blaze Minerals is actively working with its local partner and legal counsel to resolve the situation and will provide further updates as events unfold.

Blaze Minerals Advances Loulombo Project with Maiden Drilling and New Discoveries

Blaze Minerals Limited has completed all regulatory requirements for its maiden drilling program at the Loulombo Project in the Republic of the Congo, which includes the promising Mimpala Target known for its high-grade base and critical metals. The company also announced a successful capital raising of $2,422,000 and confirmed a new critical mineral discovery at its Ntungamo Project in Uganda, highlighting its strategic expansion and strengthening its position in the mineral exploration sector.

Blaze Minerals Advances Loulombo Project with Drill Rig Mobilization

Blaze Minerals Limited has announced the arrival of a reverse circulation (RC) drill rig in Kinshasa, Democratic Republic of the Congo, which will soon be mobilized to the Loulombo Project site in the Republic of the Congo. This development is significant as the Loulombo Project, spanning 195 square kilometers, includes the promising Mimpala Target, which has shown exceptional preliminary field results. The progress in mobilizing the drill rig is a crucial step in advancing the exploration activities, potentially enhancing Blaze Minerals’ position in the mineral exploration industry and offering promising implications for stakeholders.

Blaze Minerals Reports Promising Gallium and Germanium Findings at Loulombo Project

Blaze Minerals Limited has announced an update on its Loulombo Project in the Republic of the Congo, highlighting significant findings of critical metals gallium and germanium from channel and rock chip samples. These results, alongside previous findings of lead, vanadium, copper, and zinc, underscore the potential of the Mimpala Target. The company anticipates the arrival of an RC drill rig to further explore these promising results. Challenges with diamond drilling have led to a revised drill plan focusing on shallow holes to maximize core recovery, which will guide the upcoming RC drilling program.

Blaze Minerals Sets Date for Annual General Meeting with Key Resolutions on Agenda

Blaze Minerals Limited has announced its Annual General Meeting scheduled for November 24, 2025, where shareholders will vote on several key resolutions. These include the adoption of the Remuneration Report, the re-election of Director Simon Coxhell, and the approval of a mandate allowing the company to issue up to 10% of its equity securities. The outcomes of these resolutions could impact the company’s governance and capital structure, influencing its strategic direction and shareholder relations.

Blaze Minerals Reports Promising Gallium and Germanium Findings at Loulombo Project

Blaze Minerals Limited announced promising results from their exploration activities at the Loulombo Project in the Republic of the Congo, highlighting significant findings of gallium and germanium in channel and rock chip samples. These results, alongside previous findings of lead, vanadium, copper, and zinc, underscore the potential of the Mimpala Target. The company is set to commence a Reverse Circulation (RC) drilling program as the drill rig is expected to arrive soon, while also addressing challenges faced in diamond drilling by focusing on shallow holes to maximize core recovery. This strategic approach aims to enhance the company’s operations and strengthen its position in the critical metals market.

Blaze Minerals Schedules AGM and Opens Director Nominations

Blaze Minerals Limited has announced that its Annual General Meeting (AGM) will be held on 24 November 2025. The company has set 13 October 2025 as the deadline for director nominations, which must be submitted in writing by 5.00pm WST. This announcement is part of the company’s compliance with ASX Listing Rules and its Constitution, ensuring transparency and shareholder engagement in its governance processes.

Blaze Minerals Upholds Governance Standards in Latest Statement

Blaze Minerals Limited has released its corporate governance statement for the financial year ending June 30, 2025, confirming adherence to the ASX Corporate Governance Council’s principles and recommendations. The statement, approved by the board, outlines the company’s commitment to transparency and accountability, which may strengthen its industry positioning and reassure stakeholders of its governance practices.

Blaze Minerals Limited Releases 2025 Corporate Governance Statement

Blaze Minerals Limited has released its Corporate Governance Statement for the financial year ending June 30, 2025, detailing its adherence to the ASX Corporate Governance Council’s Principles and Recommendations. The company has implemented a comprehensive Corporate Governance Plan, including a Board Charter and Nomination Committee Charter, to ensure effective management and oversight. This announcement underscores Blaze Minerals’ commitment to maintaining transparency and accountability in its operations, which is crucial for its industry positioning and stakeholder trust.