How Macro Metals’ $2M Raise Fuels Iron Ore and Sand Export Ambitions
Macro Metals Limited has bolstered its financial position with a $2 million capital raise while making significant progress across its iron ore and construction sand projects, underpinned by strong Indigenous joint ventures and mining services development.
- Completed $2 million capital raise to fund exploration and mining services
- Turner CID Iron Ore Project identifies multiple priority drilling targets
- Acquired and managing Derby East Construction Sands Project with WA Limestone
- Received Letters of Intent for sand exports to Singapore, advancing Port Hedland initiative
- Strengthened Indigenous joint ventures and shortlisted for Tier 1 mining contracts
Financial Strengthening and Strategic Capital Raise
Macro Metals Limited (ASX, M4M) kicked off FY26 with a successful $2 million capital raise, enhancing its liquidity to support ongoing exploration, technical services, and mining services business development. This injection of funds positions the company to advance its diversified portfolio of iron ore and construction materials projects across Western Australia.
Progress Across Core Projects
The Turner CID Iron Ore Project saw a second round of mapping and sampling that refined channel-iron targets, defining four priority mesas for reverse circulation drilling. Additional targets were also identified, underscoring the project’s potential to complement Macro’s integrated mining services operations with owner-operated production opportunities.
Meanwhile, Macro’s joint venture acquisition of the Derby East Construction Sands Project, in partnership with WA Limestone, marks a strategic expansion into high-quality construction and reclamation sand supply. Macro Mining Services was appointed manager and operator, with the project meeting stringent Singapore and Western Australian specifications, positioning Macro as a key player in regional sand exports.
Advancing Export and Logistics Infrastructure
Macro is actively progressing its sand export initiative through Port Hedland, having lodged a Bulk Product application with Pilbara Ports and received Letters of Intent from Singaporean importers for trial export campaigns totaling up to one million tonnes. The development of the Pippingarra Logistics Hub is also underway, designed to integrate haulage, storage, and ship-loading infrastructure to support efficient pit-to-port operations.
Indigenous Partnerships and Business Development
Indigenous joint ventures remain a cornerstone of Macro’s strategy, with entities like Nyapiri Macro Mining and Robe River Kuruma Macro Mining actively engaged in Tier 1 mining contracts and community training programs. Indigenous participation exceeded 30% across joint venture operations, reflecting Macro’s commitment to culturally driven, sustainable value creation.
Financial and Operational Outlook
Despite net cash outflows of $1.131 million for the quarter, Macro ended September 2025 with $2.739 million in cash reserves. The company anticipates finalising key approvals and feasibility studies for the Extension Iron Ore Project, targeting construction readiness by late 2026. Additionally, Macro expects to secure multiple contract awards from Tier 1 miners in the coming quarter, further validating its integrated mining services model.
Bottom Line?
Macro Metals is building momentum with strategic capital, project advances, and Indigenous partnerships, setting the stage for pivotal contract wins and operational milestones in FY26.
Questions in the middle?
- When will Macro finalise the offtake and pre-payment agreements for the Extension Iron Ore Project?
- How soon can Macro expect formal export approvals and trial shipments for its sand export initiative?
- What impact will upcoming Tier 1 contract awards have on Macro’s revenue and operational scale?
