Resources magnate Tolga Kumova and corporate lawyer Evan Cranston have been appointed strategic advisors to exploration play Blaze International with investors welcoming the news.
Mr Kumova – the former managing director and founding shareholder of Syrah Resources – and Mr Cranston – principal of Konkera Corporate – will assist Blaze with the exploration of its newly acquired projects and with the Company’s ongoing business development activities.
They join current Blaze advisor and AVZ chairman Klaus Eckhof.
“We are delighted to bring the networks, experience and technical capacities of Mr. Kumova and Mr. Cranston to Blaze and its shareholders. Together with Mr. Klaus Eckhof, the Company has access to a group of high credentialed, experienced and successful advisors who are each committed and incentivised to the future success of Blaze” said Blaze chairman Josh Puckridge.
Mr. Kumova and Mr. Cranston are each to receive 10 million options in the company, exercisable at $0.08 and expiring 1 March 2019. The Options will be issued subject to shareholder approval.
Blaze’s exploration portfolio supports a business model designed to facilitate the discovery and development of economic mineral deposits.
Its main focus is the exploration and development of the Barkly copper-gold Project which lies around 30 km east of the town of Tennant Creek in the Northern Territory. Blaze is earning an 80% interest in the project.
Today’s news comes after Blaze’s acquisition of Everest Minerals earlier this month. Everest holds an option over the Kirkalocka gold project in WA’s north along with multiple other mining and exploration investments.
Shares in Blaze (ASXBLZ) were trading 18%, or 1.4c, higher at 9.4c in early afternoon trade AEDT.