Macro Metals (M4M) Q1 2026 TU earnings summary

Executive summary

• Completed a $2 million capital raise, enhancing liquidity for exploration and mining services business development and contract execution.

• Advanced multiple projects, including the Extension Iron Ore Project, Derby East Construction Sands Project, and Port Hedland Sand Export Initiative.

• Secured two non-binding Letters of Intent from Singaporean importers for sand exports and progressed approvals for bulk product exports.

• Strengthened business development pipeline with shortlisted and sole-source tenders across Tier 1 & Tier 2 miners.

Financial highlights

• Net cash outflows for the quarter were $1,131k, $232k higher than the previous quarter, mainly due to timing of administrative and corporate costs.

• $374k spent on exploration and evaluation activities, down from $462k in the prior quarter.

• Raised AUD $2 million via a placement at $0.007 per share, with proceeds allocated to exploration, working capital, and business development.

• Cash and cash equivalents at quarter end were $2,739k, up from $1,289k at the previous quarter end.

• Payments to related parties totaled $83k for the quarter.

Outlook and guidance

• Plans to finalise haul road corridor design and secure necessary licences for the Extension Iron Ore Project.

• Anticipates at least two formal contract awards for mining services from Tier 1 companies in the next quarter.

• Progressing Utah Point export approval and planning for a site visit by Singapore importers.

• Commencement of Turner RC drilling program and advancement of Derby East resource definition and approvals.

• Aims to finalise ISO certifications in Q2/FY26.