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Kogi Iron Ltd. ( (AU:M4M) ) has issued an update.
Macro Metals has clarified details of its recently executed umbrella agreement with Australian technology company Metal Logic, which owns proprietary modular, scalable array smelting technology aimed at improving thermal efficiency and reducing costs and emissions in steel production. Under the agreement, Macro Mining Services becomes the exclusive provider of mining services on Metal Logic’s East Pilbara landholding for a minimum of 36 months, operating on a schedule-of-rates rather than fixed-price basis.
The first work package under the agreement has been awarded, covering earthworks and materials handling at the Poondano mine site near Port Hedland to support the first industrial-scale application of Metal Logic’s smelting technology, with Macro estimating this initial package at about $300,000, excluding mobilisation and GST. Macro plans to commence this work around June or July 2026, but notes it cannot yet reasonably estimate the broader financial impact of the umbrella agreement until further work packages are issued, and will update the market as material contracts are awarded.
More about Kogi Iron Ltd.
Macro Metals Limited is an Australian mining services provider operating through its subsidiary Macro Mining Services. The company focuses on delivering contract mining, earthworks and materials handling services, with a growing emphasis on supporting innovative, lower-emission steel and smelting technologies in regions such as the East Pilbara and Port Hedland.
Technical Sentiment Signal: Sell
Current Market Cap: A$29.74M
See more insights into M4M stock on TipRanks’ Stock Analysis page.