MACRO METALS LIMITED - Capital/Financing Update 2012

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Energio Limited

ABN: 28 001 894 033

12 June 2012

Level 2 139 Frome Street Adelaide SA 5000

GPO Box 2505 Adelaide SA 5001

Company Announcements Platform Australian Securities Exchange Level 5 Bridge Street SYDNEY NSW 2000

T: (08) 7421 1460 F: (08) 7421 1499 www.energio.net.au

ASX ANNOUNCEMENT DRILLING UPDATE #10 – AGBAJA IRON ORE EXPLORATION PROJECT HIGHLIGHTS

Analytical results from a further 19 reverse circulation (“RC”) drill holes have been received and continue the results profile from the previous 69 holes and 2,702 samples that have been processed and reported.
Since the end of Q4 2011, Energio Limited has completed more than 500 holes of its planned RC drill program.

Australian based iron ore exploration and development company, Energio Limited (ASX:EIO) (“Energio” or the “Company”) is pleased to announce that it has received the tenth batch of assay results from the 2011/2012 drilling campaign at its Agbaja Iron Ore Exploration Project, located in Nigeria, West Africa.

The locations of the 19 holes for which analyses are available are shown in Figure 1.

The tables attached show the results of the XRF analysis of the typical elements for iron analyses of drill holes 15, 17, 19 and 20 in Line 14, holes 12, 13, 14, 15, 16, 17, 18, 19, 20 in Line 14, holes 1, 2, 3, 4, 5 in Line 15, and hole 12 in Line 16.

Completion of RC drilling is still expected to be in July 2012 subject to weather conditions.

Table 1: Drill Hole Number 15 (Drill Line 13)

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Table 2: Drill Hole Number 17 (Drill Line 13)

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Table 3: Drill Hole Number 19 (Drill Line 13)

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Table 4: Drill Hole Number 20 (Drill Line 13)

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Table 5: Drill Hole Number 12 (Drill Line 14)

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Table 6: Drill Hole Number 13 (Drill Line 14)

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Table 7: Drill Hole Number 14 (Drill Line 14)

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Table 8: Drill Hole Number 15 (Drill Line 14)

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Table 9: Drill Hole Number 16 (Drill Line 14)

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Table 10: Drill Hole Number 17 (Drill Line 14)

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Table 11: Drill Hole Number 18 (Drill Line 14)

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Table 12: Drill Hole Number 19 (Drill Line 14)

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Table 13: Drill Hole Number 20 (Drill Line 14)

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Table 14: Drill Hole Number 1 (Drill Line 15)

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Table 15: Drill Hole Number 2 (Drill Line 15)

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Table 16: Drill Hole Number 3 (Drill Line 15)

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Table 17: Drill Hole Number 4 (Drill Line 15)

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Table 18: Drill Hole Number 5 (Drill Line 15)

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Table 19: Drill Hole Number 12 (Drill Line 16)

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Figure 1: Drill Line and Hole Locations

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Competent Persons Statement

The geological information in this report has been examined by Dr Warwick Crowe BSc Hons, MSc, PhD who is the Principal Geologist at International Geoscience, a Perth based Geological and Geoscience Consultancy, Dr Crowe is a member of the Society of Economic Geologists and Society for Geology Applied to Mineral Deposits.

Dr Crowe has sufficient experience that is relevant to the style of Geology and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results , Minerals Resources and Ore Reserves.

Dr Crowe consents to the inclusion of this report of the matters based on his information in the form and context that the information appears.

About Energio Limited

Energio Limited ( ASX: EIO ) (“ Energio ”) is an ASX listed company focused on the exploration and development of the Agbaja Iron Ore Project (“ Project ”) in Nigeria.

On 29 February 2012, Energio completed the purchase of 100% of the fully paid ordinary shares in KCM Nigeria, thereby providing Energio 100% ownership and control of the Project.

The granted licence areas for exploration total 384 km[2 ] and are situated in Kogi State which is part of the central region of Nigeria. In addition to this, the Project is located some 2 hours drive south of Nigeria’s capital city, Abuja, providing the Project excellent logistical benefits including access to various equipment and service providers.

Close proximity of the licences to existing rail infrastructure also provides potential advantages in reduced capital expenditure and project development schedule.

Energio has recently commenced metallurgical test work and infrastructure reviews as part of its overall study development program for the Project.

Energio is currently undertaking an 800 hole reverse circulation and diamond drill program at the Project with the objective of defining a maiden JORC Indicated Mineral Resource by Q3 2012.