BLAZE MINERALS LIMITED
ASX:BLZEnergyToday’s holders own 99.4% of what they think they own, once every option and right converts.
Share count grew 1081% in 24 months; 3 cash raises in 24 months; runway 4–8 quarters
BLAZE MINERALS LIMITED's ordinary share count grew 1081.3% between August 2024 and October 2026, its latest share-count filing. That figure is adjusted for a 1-for-20 share consolidation completed in October 2026, bringing the adjusted latest count to 7.42B shares. The company raised capital three times in the 24-month window for total proceeds of A$6.6M, most recently a A$2.8M placement in September 2026. Options and rights on issue could convert into 48M new shares, equal to 0.6% of the share count; none are in the money, and the nearest expiry is November 2027. The company has more than 4 quarters of funding at the recent spend rate. Three proposed securities issues (Appendix 3B) are pending, with the nearest expected in April 2027.
Quick answers · 3
Is BLZ raising capital?
Blaze Minerals has 3 proposed issues of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $2.8M on 3 Sept 2026.
How much cash does BLZ have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Blaze Minerals reported $184k of cash and estimated 0.4 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do BLZ's options expire?
Unexercised options and rights equal 0.6% of Blaze Minerals's shares on issue; the nearest expiry is Nov 2027.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 26 Oct 2026 | 2A · quoted issue | BLZ : ORDINARY FULLY PAID | 7.42B | Appendix 2A |
| 10 Sept 2026 | 2A · quoted issue | BLZ : ORDINARY FULLY PAID | 3.31B | Appendix 2A |
| 26 May 2026 | 2A · quoted issue | BLZ : ORDINARY FULLY PAID | 2.92B | Appendix 2A |
| 2 Jan 2026 | 3H · cancellation | BLZ : ORDINARY FULLY PAID | 2.88B | Appendix 3H |
| 26 Aug 2025 | 3G · unquoted | BLZ : ORDINARY FULLY PAID | 2.88B | Appendix 3G |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
3 cash raises in the last 24 months · 1 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
consolidation-adjusted Figures rebased for the share consolidation on record.
An exercise price is on record for only 41.9% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.0010 today. No price up to ten times today’s switches on any more priced supply.
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
- 27.8M (58.1% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
- 20.0M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| BLZAB | Options | Price-triggered | $0.10 | 30 Nov 2027 | 20.0M | Filing |
| BLZO | Options | Price-triggered, no exercise price stated | — | 31 Dec 2027 | 27.8M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 10 Sept 2026 | David Prentice | Other off-market | 5.0M | 5.0M | — | $5k | 3Y notice |
| 31 Dec 2025 | Mathew Walker | Sell | 184.0M | 15.0M | — | — | 3Y notice |
| 26 Aug 2025 | David Prentice | Other | — | 5.0M | — | — | 3Y notice |
| 26 Aug 2025 | Simon Coxhell | Other | — | 5.0M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.