How Macro Metals’ Utah Point Access Unlocks 4Mtpa Iron Ore Exports by 2026

Strategic Port Access Secured

Macro Metals Limited (ASX – M4M) has achieved a critical milestone by securing written confirmation from Pilbara Ports for access to Utah Point at the Port of Port Hedland. This approval allows Macro to export up to 4 million tonnes per annum (Mtpa) of iron ore from its Extension Iron Ore Project starting in the fourth quarter of calendar year 2026. The confirmation is a pivotal step that unlocks the pathway for Macro to finalise project financing and offtake agreements, essential components for advancing the project towards production.

Aligning Interests Through Equity Stake Acquisition

In a move that aligns the interests of Macro Metals with the broader project ownership, shareholders overwhelmingly approved the acquisition of a 27.3% equity stake in the Extension Iron Ore Project at the company’s recent Annual General Meeting. This strategic investment means Macro’s shareholders will benefit not only from mining services revenue but also from the profits generated by the sale of iron ore, enhancing the company’s value proposition and long-term upside.

On Schedule for Production, Exploring Acceleration

Project approvals remain on track to deliver the first ore shipment by Q4 2026. Macro’s technical services and exploration teams are actively engaged onsite, conducting infrastructure corridor surveys and sampling additional mineralised outcrops. These activities support both the approved 200,000-tonne bulk sample and the main project operation, with the company exploring all avenues to potentially accelerate the timeline. The ongoing metallurgical validation and resource assessments underpin confidence in the project’s quality and scale.

Market Conditions and Offtake Confidence

Iron ore prices have demonstrated resilience throughout the year, and forward-looking market commentary remains positive. Macro’s discussions with preferred offtake partners continue to reinforce confidence in the marketability of the Extension Project’s product. The alignment of port access with production schedules and ministerial approvals further strengthens the company’s position as it moves closer to becoming production-ready.

Looking Ahead

With infrastructure access secured and shareholder backing for equity participation, Macro Metals is well positioned to advance its Extension Iron Ore Project into the next phase. The company’s integrated approach; combining mining services with project equity; could enhance returns and shareholder value as the project progresses toward commercial production.