Macro Metals (M4M) investor relations material

Executive summary

• Achieved a major milestone with the award and commencement of a $12.52M BHP work package, driving a 184% quarter-on-quarter increase in invoiced services to $2.004M.

• Advanced multiple mining services contracts, including new work at South Woodie Woodie Manganese and Poondano, and progressed the Agbaja Iron Ore Project divestment.

• Secured a binding agreement to acquire the Yandi South Iron Ore Project, expanding the Pilbara iron ore portfolio.

• Maintained strong Indigenous engagement, with Nyapiri Macro accepted onto the MRWA Pilbara Panel and continued development of Indigenous partnerships.

Financial highlights

• Net operating cash outflows for the quarter were $282k, reflecting ongoing investment in technical and approvals workstreams.

• Customer receipts totaled $836k, with a portion of invoiced work to be received in the following quarter.

• Cash and cash equivalents at quarter-end were $534k, down from $959k in the previous quarter.

• Received a $626k unsecured short-term loan from the Non-Executive Chairman to support BHP work package mobilisation.

Outlook and guidance

• Priorities for FY2027 include safe execution of the BHP work package, completion of the Yandi South acquisition, and progression of the Extension Iron Ore Project approvals.

• Revenue from services is projected to increase in the September quarter, with $785k in services performed in July.

• Continued focus on converting contracted positions into delivered work and advancing the development portfolio.