Macro Metals Limited (ASX:M4M) drilling update

Macro Metals Limited (ASX:M4M) has announced the commencement of the inaugural drilling programme at its Goldsworthy East Project. The reverse circulation (RC) drilling programme, conducted by K-Drill, involves a minimum of 30 holes spaced 50 metres apart, with an average depth of 200 metres, covering an estimated drilling distance of 6,000-8,000 metres.

Executive Commentary

Managing Director, Mr Simon Rushton expressed his gratitude towards the collaborative efforts of the teams involved in swiftly mobilizing and commencing the drilling campaign. He highlighted the significance of the detailed mapping and drilling programs running concurrently, emphasizing the valuable targeting data being gathered from previously unexplored areas. Mr Rushton also expressed anticipation in updating shareholders and stakeholders in the coming weeks.

Summary

Macro Metals Limited (ASX:M4M) has initiated the RC drilling programme at the Goldsworthy East Project, with a focus on a minimum of 30 holes at 50m spacings and detailed systematic mapping exploration. The company aims to refine its planning for the Stage 2 drilling programme based on the results of the project-wide sampling and mapping. Macro Metals looks forward to updating the market on the results of the Stage 1 drilling programme and anticipates extending the drilling into the northern target area. The company's ambitions include becoming a multi-mine iron ore producer, utilizing the potential of its iron ore portfolio and established export infrastructure in the Pilbara region.