Macro Metals' response to ASX price query

Macro Metals Limited (ASX: $M4M) has responded to ASX's Price Query Letter dated 10 May 2024. The company confirmed its compliance with Listing Rule 3.1 and provided detailed responses to ASX's inquiries regarding the recent trading in its securities.

Executive Commentary on Recent Trading

The Company has recently completed a non-deal roadshow where the M4M Managing Director, Mr Simon Rushton, has been presenting to a number of brokerage houses, both on the west coast and least coast of Australia. This presentation was lodged on the ASX platform on 26 April 2024. This is the first formal engagement with brokerage houses since the new Board was appointed in March 2024. We also note over the corresponding period there has been a sustained increase in the iron ore price.

Summary of ASX Response and Outlook

Macro Metals Limited (ASX: $M4M) has promptly responded to ASX's request for information regarding the recent trading in its securities. The company confirmed its compliance with Listing Rule 3.1 and provided detailed explanations for the recent trading activity. The response highlighted the completion of a non-deal roadshow by the Managing Director, Mr Simon Rushton, and the sustained increase in the iron ore price over the corresponding period. Macro Metals' proactive engagement with brokerage houses and the positive market conditions indicate a favorable outlook for the company's securities. The company's continuous disclosure policy and compliance with ASX regulations demonstrate its commitment to transparency and accountability.