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Kogi Iron Ltd. ( (AU:M4M) ) has shared an update.
Macro Metals Limited, operating in the mining industry, is advancing its Extension Iron Ore Project located in the Eastern Pilbara Region of Western Australia. The company has implemented a permitting plan for a 2.0 to 4.0 Mtpa operation and is on track for construction readiness by late 2026. An offtake agreement with a pre-payment facility for construction capex is in advanced negotiation, and a 200,000 tonne bulk sample has been approved. The company is also working on a civil engineering assessment for the haulage road corridor and will complete a feasibility study to aid stakeholders in making a final investment decision. Additionally, shareholders will vote on acquiring the Managing Director’s 27.3% equity stake in the project at the 2025 AGM.
More about Kogi Iron Ltd.
Technical Sentiment Signal: Sell
Current Market Cap: A$34.56M
Learn more about M4M stock on TipRanks’ Stock Analysis page.