Blaze Minerals Acquires 80% of High-Grade Loulombo Base Metals Project.

Blaze Minerals Limited (ASX: BLZ) has announced a binding agreement to acquire an 80% interest in the highly prospective Loulombo Base Metals Project in the Republic of Congo. The project spans 195km² over two granted exploration licenses and is strategically located 150km from Brazzaville, near critical infrastructure, including highways, railways, and power grids. The Mimpala Target within the project area has shown exceptional rock-chip, and channel sampling results with grades up to 60.5% lead, 13.2% vanadium, and 3.4% copper.

The mineralized zone is estimated to be over 30 meters thick and remains open in all directions. Blaze has secured commitments to raise AU$2.522 million, including AU$100,000 from director Mathew Walker, to fund exploration activities. A maiden drill campaign is scheduled for August 2025, pending regulatory approval. The acquisition positions Blaze as a front-runner in a potentially world-class base metals district, offering shareholders near-term exposure to high-impact exploration results.

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