Macro Metals clears pathway for grant of Goldsworthy East tenement

Macro Metals (ASX:M4M) has now executed all agreements with external parties that are required for the company’s application for Exploration Licence E45/6365 in WA to proceed to grant.

These agreements are:

• Access and Consent Deed – Exploration Licence 45/6365 with BHP Iron Ore Pty Ltd;
• Exploration Access Agreement for Goldsworthy East Iron Ore Project with Wanparta Aboriginal Corporation RNTBC;
• Aboriginal Heritage Protection Agreement – for Exploration with Nyamal Aboriginal Corporation RNTBC;
• Access Deed for E45/6365 and Pardoo Pastoral Lease N050324 with Pardoo Beef Corporation Pty Ltd; and
• State Deed for Grant of Mining Tenement – Exploration Licence 45/6365 with Nyamal Aboriginal Corporation RNTBC.

The Goldsworthy East project is located less than 100km from the multi-user, Utah Point Bulk Handling Facility The sealed, all weather Great Northern Highway runs past just 3kms to the north of the project, directly to Port Hedland and Utah Point, and is approved for use by 150 tonne payload, ultra-quad road trains.

A previous gravity survey undertaken by Macro has defined two substantial targets on the Goldsworthy East tenement, being:

• Northern Target: 1,600m strike, 200m wide and depth extent of 450m modelled to occur within 25m of surface
• Southern Target: 1,100m strike, 215m wide and depth extent of 400m, modelled to occur within 30m of surface

In addition to executing the above agreements, and in order to prepare for the company’s previously foreshadowed drilling campaign at Goldsworthy East scheduled to commence as soon as the licence grants, members of the Macro board were accompanied by two members of the Ngarla heritage team on a visit to the tenement area. The purpose of this visit was to scope out the proposed drilling area and develop a plan for the heritage survey that the Ngarla traditional owners will undertake across the northern section of the tenement in the near future.

“I am very pleased Macro has successfully established relationships with our key stakeholders for Goldsworthy East, being the traditional owners of the country on which the project is located, the Ngarla People and the Nyamal People, BHP, our neighbour directly to our west and Pardoo Beef Corporation, the pastoralist on the land,” Managing Director, Simon Rushton, said.