Blaze Minerals Limited (AU:BLZ)
ASX:BLZ
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Blaze Minerals
(Sydney:BLZ)
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Rating:44Neutral
Price Target:―
Action:ReiteratedDate:03/24/26
The score is primarily constrained by weak financial performance—minimal revenue traction, recurring losses, and continued negative operating/free cash flow. The balance sheet helps (no reported debt and positive equity), but valuation is difficult to support with a negative P/E and no dividend data, and technical signals were not available to improve confidence.
Positive Factors
Debt-free balance sheet
Having no reported debt materially reduces refinancing and interest-rate risk, giving Blaze Minerals structural financial flexibility. Over a 2-6 month horizon this lowers insolvency risk, eases funding requirements, and lengthens runway relative to highly leveraged peers while management pursues operational fixes.
Negative Factors
Minimal, inconsistent revenue
Persistent minimal and volatile revenue is a fundamental structural weakness: it prevents operating leverage, undermines unit economics, and blocks margin expansion. Over months, absent a clear revenue inflection the business cannot demonstrate a scalable model to support profits or sustain investment in growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Having no reported debt materially reduces refinancing and interest-rate risk, giving Blaze Minerals structural financial flexibility. Over a 2-6 month horizon this lowers insolvency risk, eases funding requirements, and lengthens runway relative to highly leveraged peers while management pursues operational fixes.
Read all positive factors
Blaze Minerals (BLZ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.88M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)3.02
Revenue GrowthN/A
EPS Growth60.81%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,875,000,000
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)0.00
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, 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 compan...
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 | 0.00 | 0.00 | 0.00 | 11.85K | 5.87K | 100.00 |
| Gross Profit | 0.00 | -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% | |
44 Neutral | AU$2.88M | -0.53 | -119.29% | ― | ― | 60.81% | |
41 Neutral | AU$3.16M | -2.90 | -42.72% | ― | ― | ― | |
| ― | AU$2.94M | -3.45 | ― | ― | ― | ― | |
51 Neutral | AU$2.64M | -22.22 | -180.77% | ― | ― | 55.05% | |
44 Neutral | AU$2.85M | -3.26 | -43.09% | ― | ― | -200.00% | |
43 Neutral | AU$3.22M | -0.22 | -164.84% | ― | ― | 76.76% |
* Basic Materials Sector Average
AU:BLZ
Blaze Minerals
―
―
―
AU:DMG
Dragon Mountain Gold Limited
0.01
>-0.01
-15.38%
AU:KOR
Korab Resources Limited
0.01
0.00
0.00%
AU:AOA
Ausmon Resources Limited
―
―
―
AU:WSR
Westar Resources Ltd.
0.01
0.00
0.00%
AU:VTA
Bastion Minerals Ltd
0.04
>-0.01
-5.26%
Blaze Minerals Corporate Events
Blaze Minerals Details Corporate Structure in Interim Report
Mar 12, 2026
Blaze Minerals Ltd has released its interim financial report for the half-year ended 31 December 2025, outlining its corporate structure and key governance roles, including a non-executive chairman, non-executive director and managing director. Th...
Blaze Minerals Flags Major Share Placement to Boost Capital Base
Mar 10, 2026
Blaze Minerals Limited has notified the ASX of a proposed issue of up to 37,500,000 ordinary fully paid shares under a planned placement or similar capital-raising structure. The new securities, expected to be issued on 14 April 2028, signal the c...
Blaze Minerals Plans Major Share Placement to Raise Capital
Mar 10, 2026
Blaze Minerals Limited has notified the ASX of a proposed placement involving the issue of up to 50,000,000 ordinary fully paid shares under its BLZ ticker. The company has set 15 April 2026 as the proposed issue date, signaling a move to raise ad...
Blaze Minerals Moves Into Botswana With Major Copper and Nickel Exploration Deal
Mar 10, 2026
Blaze Minerals has struck a binding deal to acquire up to a 90% interest in three exploration projects in Botswana, securing 1,585 square kilometres of granted licences and applications over a further 3,366 square kilometres. The ground spans the ...
Blaze Confirms Gallium-Rubidium Discovery in Uganda and Refocuses Project Portfolio
Jan 29, 2026
Blaze Minerals has reported that drilling at its Ntungamo Project in western Uganda has confirmed a new critical mineral discovery of gallium and rubidium within late-stage LCT pegmatites and associated granitoids, following a 1,548-metre diamond ...
Blaze Minerals Director Walker Lets 15 Million Options Expire
Jan 2, 2026
Blaze Minerals Limited has disclosed a change in director Mathew Walker’s indirect interests, following the expiry of a tranche of options. Walker, who holds his stake through several private entities and a family superannuation account, saw...
Blaze Minerals Options Lapse, Simplifying Capital Structure
Jan 2, 2026
Blaze Minerals Limited has announced the lapse of 15,000,000 listed options (ASX code BLZAJ), exercisable at $0.03 and expiring on 31 December 2025, which ceased following expiry without being exercised. The expiry of these options slightly simpli...
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.