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Macro Metals Limited (ASX:M4M)

ALERT: Price-sensitive ASX Announcement for M4M
Current share price for M4M : $0.006 0 (0%)+
Announcement
Release
14 Jul 2026 8:31AM
Price at Release
$0.006
Full Release
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Summary
Macro Metals Limited, via its subsidiary Yandi South Iron Pty Ltd, has entered into a binding heads of agreement to acquire the Yandi South Iron Ore Project from Western Iron Ore Pty Ltd. The project consists of three exploration licences, covering a total area of 56 km², and holds a historical Indicated Mineral Resource of 4.28Mt at 55.8% Fe. The acquisition offers significant near-term development and exploration potential, as current mapping covers only a fraction of the area. Macro Metals plans extensive exploration activities to assess additional hematite and magnetite resources, aiming to expand its presence in the region and leverage synergies with its nearby Extension Iron Ore Project. The acquisition deal includes upfront and deferred consideration payments totaling A$6.5 million, plus royalties on products sold.
Key Points
  • Macro Metals Limited (ASX:M4M) has executed a binding heads of agreement to acquire the Yandi South Iron Ore Project from Western Iron Ore Pty Ltd.
  • The Yandi South Project consists of three exploration licences: E47/3531, E47/3851, and E47/4057, covering a total area of 56 km².
  • An existing Indicated Mineral Resource is reported in accordance with JORC (2004) Guidelines, indicating high-quality Channel Iron Deposit (CID) with significant marketability.
  • There is a historic Indicated Mineral Resource Estimate of 4.28Mt at 55.8% Fe on one of the licences with a higher-grade core of 1.9Mt at 58.0% Fe.
  • Exploration potential is significant as current mapping and drilling cover only about 10% of the acquired area.
  • Macro Metals aims to expand exploration activities and develop a detailed work program to explore additional hematite and magnetite resources.
  • The agreement includes a payment structure of A$6.5 million plus royalties based on production.
  • Macro Metals will seek to leverage synergies between the Yandi South Project and nearby Extension Iron Ore Project, in which it holds a 27.3% interest.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.