Exploration and development update at Goldsworthy East Project

Macro Metals Limited (ASX: $M4M) has reported significant progress in the exploration and development activities at the Goldsworthy East Project. The company's field team recently identified surface scree hematite mineralisation proximal to the southern gravity anomaly, with plans for a detailed second phase mapping and sampling program. The completion of the heritage survey, high resolution magnetic survey, and scheduled flora and fauna survey mark key milestones in the project's advancement.

Executive Commentary on Goldsworthy East Development

Mr Simon Rushton, Managing Director, expressed excitement at the unexpected discovery of visually impressive hematite mineralisation at Goldsworthy East. He emphasized the company's collaborative efforts with DEMIRS and the completion of agreements with traditional owners to expedite the exploration license application and environmental surveys. Mr Robert Jewson, Technical Director, highlighted the encouraging nature of the discovery and outlined the plans for further mapping, sampling, and interpretation of the magnetic survey.

Summary of Goldsworthy East Exploration Update

Macro Metals' exploration update at the Goldsworthy East Project has revealed the discovery of surface scree hematite mineralisation, indicating significant progress in the project's development. The company's proactive approach to engaging with regulatory bodies and traditional owners reflects its commitment to expediting the exploration license application and environmental surveys. The completion of the high resolution magnetic survey and plans for further mapping and sampling demonstrate Macro Metals' dedication to understanding the extent and grade of the mineralisation. The project's proximity to the Mt Goldsworthy mine and established infrastructure positions Macro Metals for potential future iron ore production, aligning with the company's ambitions to become a multi-mine iron ore producer.