Macro Metals Limited announced that it has reached agreement with WA Limestone Pty Ltd. (WAL) to gain access to WAL's strategically positioned mining lease and associated non-process infrastructure in Port Hedland (Logistics Hub). In addition, Macro has agreed to acquire an 80% interest in E45/3612, E45/4641 and M45/1233 (Acquired Tenements), which are prospective for hosting river sand and aggregate materials suitable for construction and civil engineering applications from WAL, and also acquire 80% of the mineral rights, other than sand, limestone and granite (Construction Materials), on an additional three tenements, M45/1308, M45/1285 and M45/1249 (Mineral Rights Tenements) from WAL (Agreement). The Logistics Hub is situated directly on the Great Northern Highway, just 28 kms east of the Utah Point Bulk Handling Facility in Port Hedland (UPBHF).

It comprises a total area of 990 hectares which is available for stockpiling and has existing infrastructure including a large hardstand area complete with wash pads, workshops, office and accommodation facilities. The Great Northern Highway has RAV10 approval for the use of 150T ultra-quad road trains from the Logistics Hub through to the UPBHF. This location has safely been used as an off-port iron ore stockpiling area for many years previously and has demonstrated the material benefits of facilitating the efficient and uninterrupted haulage of export cargos just in time for ship loading of mini-cape carriers at the UPBHF.

The hard stand laydown area, wash pad and workshop facilities comprise 46 hectares and have proven themselves extremely suitable for staging and servicing of heavy mining equipment machinery and road trains that provide product haulage operations from projects located further out from Port Hedland. The existing accommodation facilities accommodate 28 persons on-site. The existing water and power infrastructure and current approvals allows immediate expansion to 100 rooms and there is considerable additional land available for future expansion above 100 rooms, subject to local government approval.

Existing statutory approvals at the Logistics Hub enable the Company's wholly owned subsidiary, Macro Mining Services Pty Ltd. (MMS), to provide stockpiling, crushing, screening and blending services for both Macro owned commodities and those of third-party mining companies. The ability for MMS to stockpile complete 110,000 tonne ship cargos less than 30kms from the UPBHF along a RAV10 network suitable for 150T ultra quad movements, significantly de-risks the logistics supply chain for projects that are located further from port. A short distance for just-in-time campaign style haulage into a port during the wet season is a key advantage compared to haulage from further afield, which is susceptible to significant interruptions which lead to costly shipping delays and demurrage.

Macro is already in discussions with several mining companies whose projects are located further distances from Port Hedland for MMS to provide mine gate to ship's rail logistics supply chain solutions, including off-port storage of product to allow for campaign haulage into the UPBHF just in time for ship loading. WAL has been supplying Western Australia with quarry and raw materials for over 50 years. It is one of the largest suppliers of road construction materials in Western Australia with quarries strategically located across the State.

WAL supplies over 30 different types of raw materials to contractors, the State government, Local governments and businesses across WA and produces approximately 6-7 million tonnes of quarry products across its group of companies. It is an established supplier of raw materials to mining projects, most recently having supplied rock for the Mineral Resources Limited (ASX: MIN) haul road at the Onslow Iron Ore Project. In addition to the supply of raw materials, WAL has considerable experience in delivering large scale civil infrastructure projects as a contractor such as the Tonkin Bypass and Ocean Reef Marina.

It has considerable experience in marine applications including the construction of breakwaters and boat channels. The key terms of the Agreement with WAL are: · Macro will acquire an 80% legal interest in E45/3612, E45/4641 and M45/1233 (Acquired Tenements) and 80% of all mineral rights in respect of the Acquired Tenements. Macro will also acquire 80% of the mineral rights other than sand, limestone and granite (Construction Materials) on an additional three tenements, M45/1308, M45/1285 and M45/1249 (Mineral Rights Tenements).

WAL retains 100% of the rights to explore, develop, extract and sell mine construction materials on the Mineral Rights Tenements. Macro will procure that all expenditure conditions for the Acquired Tenements are satisfied prior to the end of the relevant expenditure year. This expenditure is estimated to be approximately $248,700 per annum.

WAL will procure that all expenditure conditions on the Mineral Rights Tenements are satisfied prior to the end of the relevant expenditure year. Macro will free carry WAL at 20% on development activities in respect of non-Construction Materials until the delineation of a JORC-compliant mineral resource estimate for a non- Construction Material. Upon expiry of the free carry period: o WAL may elect to retain its 20% interest in non-Construction Materials and form an unincorporated joint venture with Macro on a 20% WAL: 80% Macro basis; or o convert its project equity interest into 1.5% of the net value realised from the sale of commodities produced from non-Construction Materials.

If Macro determines to abandon, forfeit or surrender part or all of its legal interest in an Acquired Tenement or its mineral rights in a Mineral Rights Tenement, then WAL will have the right to re-acquire such interests from Macro for nominal consideration. The agreement otherwise contains terms and conditions considered standard for agreements of this nature. Completion under the Agreement is expected to occur on or before 15 December 2024.