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Highlights:
Macro’s services arm awarded technical contract at Extension Iron Ore Project
Scope includes validation of earlier metallurgical work and mine establishment
Project to involve collaboration with RE:Group for full-scale mining operations
Macro Metals (ASX:M4M) has secured a technical permit contract through its services division for work at the Extension Iron Ore Project located in Western Australia. The contract encompasses exploration-focused services as well as activities related to establishing the mine site. This marks a significant development in the company's role within the region’s iron ore sector.
Resource validation and planning activities
One of the key assignments under the contract involves validating prior metallurgical testwork carried out by the previous owner of the project. This earlier testwork supported the presence of an iron ore resource, and the current validation is expected to support the broader development agenda. Macro will also work with the Pilbara Ports Authority to assess annual export allocation availability for the project. The planned export tonnage range is intended to support the steady operation of the mine once established.
Operational scope alongside project contractor
Macro will operate alongside the project’s head contractor, RE:Group, to undertake several key mining activities. These tasks include drill and blast services, mining operations, and the loading and hauling of material. This integrated approach forms part of the wider mine site development process. The collaboration between Macro and RE:Group covers the full life cycle of the mine from site establishment through to delivery of iron ore product.
Exclusive crushing and screening under BOO model
The contract also grants Macro exclusive rights to conduct crushing and screening activities under a build-own-operate model. These services will be carried out based on current market terms. This arrangement positions Macro to manage important downstream processing elements essential for delivering saleable product to designated facilities.
Strategic importance of project milestone
Company representatives noted that the commencement of this contract reflects the technical expertise of the team and the structured approach to project execution. The partnership with RE:Group includes responsibilities for mine development, approval processes, and operational readiness, ultimately leading to product delivery to the Utah Point Bulk Handling Facility.
Revenue reporting to follow completion of initial scope
The revenue expected from this contract will be disclosed upon the completion of Macro’s technical service obligations. These activities are designed to fast-track project development and align with the broader strategic goals of the business.
Company overview
Macro Metals operates as a company engaged in the exploration and development of natural resource assets, with a particular focus on manganese and iron ore. The company manages a diversified portfolio and delivers mining services as part of its core business operations.
