Macro Metals Limited completes second phase mapping and sampling program

Macro Metals Limited (ASX:M4M) has completed the second phase of mapping and rock chip sampling at Goldsworthy East, extending the strike length of the prospective target area to 650m and width to 220m. The mineralisation remains open to the west, and the company is engaging consultants for a detailed systematic mapping program to explore further along the strike of the mineralisation.

Executive Commentary on Goldsworthy East Project

Mr Simon Rushton, Managing Director of Macro Metals Ltd, expressed gratitude to the team for their systematic evaluation, which has led to the identification of two large geophysical targets near the Mt Goldsworthy Pit. He highlighted the presence of high-grade surficial iron ore mineralisation proximal to the southern geophysical targets, with a strike length of over 650m and remaining open to the west. Mr Rushton also mentioned the upcoming drilling program and the company's engagement with the environmental team for the necessary approvals. He expressed excitement about the potential for transformative discovery in the coming weeks' exploration activities.

Summary of Goldsworthy East Project Announcement

Macro Metals Limited has successfully extended the strike length of the Goldsworthy East hematite mineralisation to 650m, with a width of 220m, and the mineralisation remains open to the west. The company's Managing Director, Mr Simon Rushton, highlighted the identification of large geophysical targets near the Mt Goldsworthy Pit and the presence of high-grade surficial iron ore mineralisation. The upcoming drilling program and engagement with the environmental team for approvals indicate the company's proactive approach to further exploration. Macro Metals aims to become a multi-mine iron ore producer, leveraging the potential of its iron ore portfolio and the established export infrastructure of the Pilbara. The company's focus on rapid development and safety aligns with its ambition to achieve substantial scale in iron ore production.