Developing the Cane Bore, Catho Well and Goldsworthy iron ore projects in WA's Pilbara

Quality Assets | Ideal location | Experienced team

Macro Metals is focused on the exploration and development of the Cane Bore, Catho Well and Goldsworthy East iron ore projects located in the Pilbara region of Western Australia. 

The recently appointed, and highly experienced, board has prioritised Cane Bore, Catho Well and Goldsworthy Projects given their immense scale, high grade, and significant infrastructure and logistical advantages due to their location. 

The Cane Bore and Catho Well projects are located near the sealed Nanutarra Road and are adjacent to Mineral Resources Ltd’s (ASX: MIN) Ken’s Bore Project infrastructure, including camp, airport with sealed runway and the haul road running to the Onslow Port, just 141 km away. 

The Goldsworthy East Project is located directly adjacent to BHP’s Goldsworthy Iron ore mine which produced 55mt at 63.5% between 1965 and 1982.  A gravity survey completed by Macro in May 2023 has delineated a gravity high/magnetic low which is interpreted as being a substantial hematite target.

The company is looking to progress these projects toward development rapidly, and looks forward to updating investors with regular newsflow.

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“Macro’s Iron Ore portfolio has the potential for multiple sources of iron ore production utilising the well-established and proven export infrastructure of the Pilbara and the Mid-West” 

Simon Rushton, Managing Director

Highlights

Large-scale, high quality iron ore assets

Macro Metals is focused on advancing our flagship iron projects rapidly toward development

Renewed board with renewed focus

Highly experienced new board and MD have brought a renewed focus on significant value creation for investors

Ideal location close to key infrastructure

Assets are ideally located with regard to regional infrastructure, including road, port and people

The ASX's next mid-tier iron ore producer

Macro has the projects, team and location to quickly become the new name in the ASX’s uncrowded mid-tier iron ore space

OTHER PROJECTS

As well as the Cane Bore, Catho Well and Goldsworthy East projects, Macro holds a number of other prospective projects. These include the West Pilbara Project which holds an Indicated Mineral Resource of 11.5Mt at 53.1% Fe and is just 120km west-north-west of Paraburdoo.   

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