Australian mining company Macro Metals has been awarded the life-of-mine mining services contract for the Extension Iron Ore Project in Western Australia. The project, located 270 kilometers southeast of Port Hedland in the East Pilbara region, consists of three granted mining leases. It is located within easy trucking distance of the Utah Point Bulk Handling Facility (UPBHF).

The project has received Ministerial Statement 1005, conditionally approving operations of 2-4 million tonnes of iron ore per year, with construction expected to commence and become operational by the end of 2026.

As part of the contract, its subsidiary, Macro Mining Services, has identified pathways and obtained all remaining approvals required for the project's construction and operation. Working with principal contractor REGROUP, they have engaged a civil engineering firm to construct a haul road from the project area to the Great Northern Highway to facilitate the transportation of the iron ore.

Macro Mining Services, designated as the entity responsible for sales and marketing, has engaged with potential offtake partners for the Extension Iron product and received positive feedback on expected commodity pricing.

In addition, Macro Mining Services has begun negotiations for an offtake agreement that includes a pre-payment facility that could potentially be used to finance development and construction capital expenditures.

Macro Mining Services will now complete a feasibility study to facilitate a final investment decision by stakeholders.