Blaze seeks further clarification on situation

West Perth-based Blaze Minerals says it with working closely with key parties to get a clearer idea of recent circumstances at its Loulombo project.

Located in the Republic of the Congo, Mathew Walker-led Blaze secured an 80 per cent stake Loulombo, a base metals project, earlier this year.

On October 31, Blaze told the market that an RC rig had arrived in Kinshasa (150km away) and would be taken to Loulombo by South Africa-based Mining Drilling Systems.

Blaze said the RC rig had arrived at Loulombo earlier this week and “standard maintenance protocols” were performed in readiness for drilling to get under way. 

“Subsequently, the company received notification from our local business partner, Congo Shining SARL, that it has allegedly failed to meet unspecified obligations and as a result security of site personnel and equipment could no longer be guaranteed,” Blaze said in a statement to the ASX on Thursday.

“The company has informed the drilling contractor, who has decided to demobilise personnel until circumstances may be clarified. 

“Currently the RC rig remains on site. 

“The company is working actively with our local business partner and legal counsel to clarify the situation and will make a further release if and when events materialise.”