MACRO METALS LIMITED — Capital/Financing Update 2013

Sep 24, 2013

==> picture [160 x 46] intentionally omitted <==

ASX Announcement & Media Release

25 September 2013

Company Announcements Office ASX Limited Level 8, Exchange Plaza 2 The Esplanade PERTH WA 6000

Notice under ASIC Class Order (CO 09/425)

This notice is given by Kogi Iron Limited (ACN 001 894 033) (“Kogi Iron” or the “Company”) pursuant to section 708A(5)(e) of the Corporation Act 2001 (Cth)(“the Act”).

As previously announced to the ASX, Kogi Iron is proposing to conduct a Share Purchase Plan offer to provide Eligible Shareholders with an opportunity to subscribe for new fully paid ordinary shares in the capital of the Company (“New Shares”) in parcels of $1,000, $2,500, $5,000, $10,000 or a maximum of $15,000, at an issue price of 9 cents per share.

Pursuant to ASIC Class Order CO (09/425), the Company hereby states:

1. The Company will offer fully paid ordinary shares in the capital of the Company ( Shares ) for issue without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) ( Act ).

2. The Company is giving this notice under ASIC Class Order (CO 09/425).

3. As at the date of this notice, the Company has complied with:

4. (a) the provisions of Chapter 2M of the Act as they apply to the Company; and

5. (b) section 674 of the Act.

6. As at the date of this notice there is no information:

7. (a) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

8. (b) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

   • (i) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

   • (ii) the rights and liabilities attaching to the Shares.

==> picture [73 x 43] intentionally omitted <==

Shane Volk

Company Secretary

Kogi Iron Limited ABN 28 001 894 033 ASX: KFE

13 Colin Street West Perth Western Australia 6005 Australia

PO Box 1934 Telephone: +61 8 9200 3456 West Perth Western Australia 6872 Facsimile: +61 8 9200 3455 Australia Website: www.kogiiron.com

For more information, please contact:

Corporate Media Contact Iggy Tan Michael Vaughan Managing Director Cannings Purple Kogi Iron Limited Tel (office): +61 8 9200 3456 Tel (office): +61 8 6314 6300 Email: info@kogiiron.com Email: mvaughan@canningspurple.com.au

About Kogi Iron (ASX: KFE)

Kogi Iron Limited (“Kogi Iron” or the “Company”) is an ASX listed company focused on being an African iron ore producer through the development of its 100% owned Agbaja iron ore project located in Kogi State, Republic of Nigeria, West Africa (“Agbaja” or “Agbaja Project”).

In recent years Nigeria has sought to diversify its economy, which is dominated by hydrocarbons, into minerals and related industries. Nigeria is the largest country by population in Africa. Nigeria had a GDP real growth rate of 7.2% in 2011, and in 2007 passed a new Mining and Minerals Act, which includes favourable fiscal terms for foreign investment in mining.

The Company holds a land position of approximately 400km2 covering 15 tenements, with the main focus being EL12124 covering most of the Agbaja Plateau. The Agbaja Plateau hosts an extensive, shallow, flat-lying channel iron deposit with an Inferred Mineral Resource of 488 million tonnes with an in-situ iron grade of 42.7% reported in accordance with the JORC Code. This mineral resource comprises approximately 20% of the prospective Agbaja plateau area within EL12124. The Agbaja Project is uniquely positioned with transport infrastructure access to Warri port via an existing and underutilised standard gauge railway, and the Niger River for barging.

Competent Person’s Statement

The information in this announcement that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Kim Bischoff, a member of The Australasian Institute of Mining and Metallurgy. Mr Bischoff is a consultant to Kogi Iron Limited and has sufficient experience that is relevant to the style of mineralisation 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, Mineral Resources and Ore Reserves”. Mr Bischoff consents to the inclusion in this presentation of the matters based on the information in the form and context in which it appears.