Macro Metals Limited: Yandi South Deal Enhances Iron Ore Development Pipeline
Macro Metals Limited (ASX: M4M) has executed a binding head of agreement to acquire 100% of the Yandi South Iron Ore Project in Western Australia, significantly strengthening its presence in one of the Pilbara's premier iron ore regions. The project comprises three granted exploration licences covering 56km² and is strategically located near BHP's Yandi operation, adjacent to Rio Tinto's Yandicoogina Mine and close to Macro's 27.3%-owned Extension Iron Ore Project.
The acquisition includes a historical JORC (2004) Indicated Mineral Resource of 4.28 million tonnes grading 55.8% Fe, with a higher-grade core of 1.9 million tonnes at 58.0% Fe. Exploration data also identified multiple rock chip samples exceeding 60% Fe, while previous drilling confirmed magnetite horizons up to 150 metres thick and metallurgical testing produced concentrate grades of up to 69% Fe. Macro intends to advance exploration, update the resource to JORC (2012) standards and assess development opportunities, with total acquisition consideration of AU$6.50 million plus a production royalty.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Macro Metals Limited: Yandi South Deal Enhances Iron Ore Development Pipeline
Macro Metals Limited (ASX: M4M) has executed a binding head of agreement to acquire 100% of the Yandi South Iron Ore Project in Western Australia, significantly strengthening its presence in one of the Pilbara's premier iron ore regions. The project comprises three granted exploration licences covering 56km² and is strategically located near BHP's Yandi operation, adjacent to Rio Tinto's Yandicoogina Mine and close to Macro's 27.3%-owned Extension Iron Ore Project.
The acquisition includes a historical JORC (2004) Indicated Mineral Resource of 4.28 million tonnes grading 55.8% Fe, with a higher-grade core of 1.9 million tonnes at 58.0% Fe. Exploration data also identified multiple rock chip samples exceeding 60% Fe, while previous drilling confirmed magnetite horizons up to 150 metres thick and metallurgical testing produced concentrate grades of up to 69% Fe. Macro intends to advance exploration, update the resource to JORC (2012) standards and assess development opportunities, with total acquisition consideration of AU$6.50 million plus a production royalty.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au