Sign up Australia
Proactive Investors - Run By Investors For Investors

Blaze International funded to drill copper-gold project

Blaze International funded to drill copper-gold project

Blaze International (ASX:BLZ) has entered into a convertible note trust deed of up to $1.25 million to ensure that it is fully funded for exploration and drilling of its Barkly Copper-Gold Project at Tennant Creek in the Northern Territory.

The company has the right to earn up to an 80% interest in the project from Meteoric Resources (ASX:MEI).

During the June 2014 quarter, first pass reverse circulation drilling had returned a peak result of 25 metres grading 1.9% copper from 62 metres including 2 metres at 16.5% copper.

The Bluebird deposit at Barkly comprises a 1.6 kilometre-long gravity ridge and is directly comparable with many of the orebodies in the Tennant Creek mineral field.

This is positive as these deposits have historically produced very high copper and gold grades.

Convertible Notes

The convertible notes to be issued under the deed have the following material terms:

-    Face Value: $0.0008;
-    Interest Rate: flat rate of 10%;
-    Maturity Date: 6 months from the date of issue.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.





Register here to be notified of future BLZ Company articles
View full BLZ profile View Profile

Blaze International Ltd Timeline

Related Articles

1505844466_RESAAS-image-for-profile-article.jpg
September 20 2017
Build the audience then pull the monetization levers -- a tried and true tech sector model
Network threat defence system
September 15 2017
Order delays in September 2016 may have been a blessing in disguise, as they prompted the company to adjust its business model
domain-names.jpg
August 25 2017
CentralNic has global ambitions and the purchase of a Slovakian top-level domain name business is the latest part of that growth plan

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use