Blaze Minerals : Quarterly Activities Report and Appendix 5B

only	ASX Announcement
	27 July 2022

ACN: 074 728 019

T: 08 6489 1600

F: 08 6489 1601

E: [e-mail] Suite 9, 330 Churchill Avenue,

useSubiaco WA 6008 www.blazelimited.com.au

Directors

David Prentice, Chairman

Mathew Walker, Corporate

Director

personalSimon Coxhell, Managing

Director

Steve Samuel, Company

Secretary

Issued Capital

ASX Code: BLZ

357,508,246 Ordinary Shares

357,500,000 ("BLZOB") Quoted options exercisable at $0.05 on or before 31 May 2024

Overview

Blaze is a mineral exploration company listed on the ASX.

the Company currently holds:

1. Base metal exploration For projects in the Earaheedy Basin of Western Australia
2. nickel exploration projects in the South-West regional of Western Australia; and
3. gold exploration targets in the Murchison District of

Western Australia.

JUNE QUARTERLY ACTIVITIES

REPORT

HIGHLIGHTS

Heritage and Archeological surveys completed over initial drill target areas at the Earaheedy Project

Subsequent to the quarters end, heritage approvals have been given allowing drilling to proceed within E69/3815, initially targeting a 10 kilometre long target zone.

An experinced drilling contractor has been appointed to complete the Earaheedy drilling with the aim of mapping out the stratigraphy within the project area and testing for lead and zinc deposits, similar in style to the Chinook and Tonka/Navajoh deposits being tested and developed by Rumble Resourcces (ASX: RTR).

Drilling results from the Jimberlana dyke project were rerturned with no anomalous results.

Completed a Priority Options Offer of 327,500,000 quoted options at an issue price of $0.001 per Option to raise $327,500 before costs.

Blaze Minerals Limited (ASX: BLZ) ("Blaze" or the "Company") is pleased to present its Activities Report for the June 2022 quarter.

Overview

Blaze holds a portfolio of exploration licences in Western Australia which are prospective for nickel and base metals (Figure 1). The Company has been progressing its exploration activities across its nickel projects in the southwest of Western Australia and during the quarter the Company completed Heritage and Archeological surveys over drill targets within E69/3815, and after the end of the quarter, approvals for drilling has been provided by the Native title party.

onlyuse personalFor Figure 1: Blaze Minerals Limited Exploration Project

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EARAHEEDY BASIN PROJECT

During the quarter tenement E69/3842 was granted and E69/3889 was granted after the end of the quarter.

The Company now owns five granted tenements in the Earaheedy Basin covering approximately 650 square kilometres located within the same geological setting as RTR's Chinook and Magazines Projects and STX's Iroquois Project.

A number of the tenements cover the direct interpreted strike extensions of the prospective Yelma formation unconformity west of the Chinook, Tonka, Navajoh (ASX: RTR) and Iroquois (ASX: STK) base metal occurrences (Figure 2). Portions of the tenements also incorporate another major, conceptually prospective unconformity, the unconformity between the Archaean granitic basement and overlying Yelma Formation.

Figure 2: Location of Earaheedy Basin Tenure

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Figure 3: Blaze Soil Results (Pb)

For personal use only

JIMBERLANA NICKEL PROJECT

During the quarter, results from the RC drilling program at the Company's Jimberlana Project were received. The program totalled eight holes for 762 metres and was designed to test two chargeability anomalies defined by a gradient array IP survey (GAIP).

No anomalous results were returned from the drilling however several iron rich paleochannels were recorded during the drilling, spatially located in the vicinity of the anomalous geophysical response. These channels are interpreted to have formed the anomalies identified and drill tested and no further work is recommended.

OTHER PROJECTS

BINNERIDGIE NICKEL PROJECT

The Company has received a number of geophysical datasets over its Binneridgie project and is the process of reviewing this information with the aim to identify any potential targets and is engaging with contractors to prepare the ground for a program of geochemical sampling to be commence soon.

KIRKALOCKA GOLD PROJECT

The Company has completed preliminary soil sampling across the unsampled greenstones. The Company plans to undertake auger drilling at Kirkalocka and depending on the results received, the Company will undertake heritage surveys prior to commencing RC drilling.