Macro Metals Limited's POW approved for Goldsworthy East drilling

Macro Metals Limited (ASX:M4M) has received approval from DEMIRS for its programme of works (POW) for the inaugural drilling programme at Goldsworthy East. The POW is planned to include a minimum of 30 Reverse Circulation drilled holes, spaced 50 metres apart, with an average depth of 200 metres, totaling an estimated drilling distance of 6 - 8,000 metres. All mobilisation, logistics, and site-based preparation works are on schedule, and drilling is expected to commence as previously advised.

Executive Commentary on Goldsworthy East drilling programme

The approval of the POW for the inaugural drilling programme at Goldsworthy East marks a significant milestone for Macro Metals Limited. We are excited to progress with the planned drilling, which is a crucial step in our strategy to realize the potential for multiple sources of iron ore production in the Pilbara region. The rapid development approach across our assets positions us to become a multi-mine iron ore producer in the near future.

Summary of Macro Metals Limited's Goldsworthy East drilling announcement

Macro Metals Limited (ASX:M4M) has successfully obtained approval for its POW for the inaugural drilling programme at Goldsworthy East. The company's focus on utilizing the established export infrastructure of the Pilbara and emerging infrastructure in the West Pilbara underscores its commitment to rapid development and substantial scale. The approval sets the stage for Macro Metals to progress towards its goal of becoming a multi-mine iron ore producer, with the drilling programme being a pivotal step in this direction. The company's forward-looking approach and emphasis on safety and results provide a positive outlook for its future endeavors.