MACRO METALS LIMITED — AGM Information 2021

Dec 9, 2021

==> picture [595 x 74] intentionally omitted <==

----- Start of picture text -----

Kogi Iron Limited
10 December 2021
----- End of picture text -----

UPCOMING ANNUAL GENERAL MEETING

Kogi Iron Limited (ABN 28 001 894 033) ("Kogi' or the "Company") is convening its Annual General Meeting (the "Meeting") of shareholders to be held at 1.00 pm (AEDT), Wednesday, 15 December 2021 at two locations, Level 1, 24 Bank Place, South Melbourne, Melbourne, Victoria and The Celtic Club, 48 Ord Street, West Perth, Perth, WA 6005.

Prior to the Meeting, the Board anticipates the release of Kogi’s scoping study for its Agbaja Project, located in the Republic of Nigeria. This is an important milestone for the Company and the Board looks forward to being able to discuss the scoping study further with shareholders at the Meeting.

For shareholders unable to attend at either of the Meeting locations, the Board have arranged for the Meeting to be viewed via a live webinar, using the following link:

= https://us06web.zoom.us/j/82626224691?pwd bnVxS1pjNmhZRkIxZHdiYVIrVmlTdz09

Passcode: 627927

Or One tap mobile :

US: +14086380968,,82626224691#,,,,627927# or +16468769923,,82626224691#,,,,627927# Or Telephone:

Dial(for higher quality, dial a number based on your current location):

US: +1 408 638 0968 or +1 646 876 9923 or +1 669 900 6833 or +1 253 215 8782 or +1 301 715 8592 or +1 312 626 6799 or +1 346 248 7799

Webinar ID: 826 2622 4691 Passcode: 627927

International numbers available: https://us06web.zoom.us/u/kbSGrYXB7Z

The Voting Process

The Board values the support of shareholders and, subject to the details set out in the Notice of Meeting, recommends that you vote IN FAVOUR of all resolutions.

Please note, your proxy must be lodged no later than 1:00pm (AEDT) on 13 December 2021.

To lodge your proxy, you may follow either of the processes below:

1. Online Voting – To use the online lodgement facility, shareholders will need their “Holder Identifier” - Securityholder Reference Number (SRN) or Holder Identification Number (HIN). Your proxy may be lodged via the link;

https://investorcentre.linkmarketservices.com.au/Login.aspx/Login?issuer=KFE

where you will be required to enter your SRN/HIN, your postcode (Australian address) or country (overseas address), complete the security process and tick the box to confirm you have read the terms & conditions. Once you have logged in, select the ‘Voting’ tab and then follow the prompts to lodge your proxy.

1. Proxy Form – Alternatively, you can complete the Proxy Form, ensuring all details have been completed and the form has been signed correctly. The completed Proxy Form can be returned following the instructions on the Proxy Form. Please take into account the time for postal delivery as Proxy Forms must be received by 1:00pm (AEDT) on 13 December 2021.

Kogi Iron Limited: Upcoming Annual General Meeting

==> picture [595 x 74] intentionally omitted <==

----- Start of picture text -----

Kogi Iron Limited
10 December 2021
----- End of picture text -----

Queries or assistance with completing the Proxy Form, including requesting a replacement form, may be directed to the Company’s registry, Link Market Services on 1300 554 474.

Important: Due to COVID-19 restrictions in parts of Australia, there is uncertainty as to which Board members will be able to attend the Shareholder meeting in person. Any Board members unable to attend will of course join via video conference or similar. However, in the event any undirected or open votes are cast in favour of an individual Board member as proxy who is not able to be physically present at the Meeting will not be taken into account in the voting results .

Given this uncertainty, the Company recommends that, shareholders wishing to appoint a proxy associated with the Company, should appoint the ‘Chairperson of the meeting’ as proxy and should direct the proxy how to vote for each resolution (‘for’ or ‘against’ each resolution)

In light of the uncertainty and potential health risks created by the COVID-19 pandemic, the Company encourages Shareholders to take into account any Government restrictions in place at the date of the Meeting and to consider the implications of attending the General Meeting in person. If COVID-19 restrictions impact the holding of the shareholder meeting in Melbourne or Perth, the Company will announce alternate arrangements. Please monitor the ASX announcements platform for any updates from the Company in this regard.

The Company's Notice of Annual General Meeting is available to download by clicking on the following link:

• https://www.kogiiron.com/sites/default/files/asx announcements/61062261.pdf

The Notice of Annual General Meeting should be read in its entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their professional advisers prior to voting.

Authorised for release by the Chairman

For further information, please contact:

Craig Hart Non-Executive Chairman Kogi Iron Limited Tel (office): +61 8 7324 4047 Email: info@kogiiron.com

About Kogi Iron (ASX: KFE)

Kogi Iron Limited is a company with the objective of becoming a producer of cast steel billet product that can be sold to fabricators of finished steel products through the development of its 100% owned Agbaja Iron and Steel project located in Kogi State, Republic of Nigeria, West Africa (“Agbaja” or “Agbaja Project”).

Nigeria has substantial domestic demand for steel products, which is currently met largely through imports of scrap steel raw materials. The Agbaja project, located on the Agbaja plateau approximately 15km northwest of Lokoja city in Kogi State and 200km southwest of Abuja, the capital city of Nigeria, opens the opportunity for domestic production of steel.

Kogi Iron Limited: Upcoming Annual General Meeting

==> picture [595 x 74] intentionally omitted <==

----- Start of picture text -----

Kogi Iron Limited
10 December 2021
----- End of picture text -----

The Company holds a land position which covers a large part of the Agbaja Plateau. The Agbaja Plateau hosts an extensive, shallow, flat-lying channel iron deposit with an Indicated and Inferred Mineral Resource of 586 million tonnes with an in-situ iron grade of 41.3% reported in accordance with the JORC Code (2012) – Refer ASX announcement 10 December 2013. This mineral resource covers approximately 20% of the prospective plateau area within ML24606 and ML24607.

Kogi Iron Limited also has a number of interests in iron ore projects in the Pilbara and Midwest regions of Western Australia, through it 100% owned subsidiary Macro Metals Limited. Existing Indicated Resource in accordance with JORC 2012 Guidelines of 11.5Mt at 53.1% Fe which is confined to a single mesa. It is geologically continuous with Atlas Iron’s Anthiby Well Channel Iron Deposits (CID) immediately to the south and is located less than 260km by road to an existing port. Four of the concessions are in the exciting West Pilbara region where Mineral Resources Limited (ASX: MIN) has acquired a minority position in the neighbouring Red Hill iron ore joint venture (MIN:ASX announcement dated 30 July 2021). Two other projects are in the Central Pilbara adjacent to major producers Rio Tinto and BHP and two projects are in the Midwest region of WA. (For further details in relation to Macro Metals Limited, refer ASX Announcement 23 September 2021).

Kogi Iron Limited: Upcoming Annual General Meeting