MACRO METALS LIMITED — Capital/Financing Update 2023

Nov 13, 2023

Proposed issue of securities

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Announcement Summary

Entity name

MACRO METALS LIMITED

Announcement Type

New announcement

Date of this announcement

14/11/2023

The Proposed issue is:

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A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Unlisted Options	209,375,000
confirmed

Proposed +issue date

2/2/2024

Refer to next page for full details of the announcement

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Part 1 - Entity and announcement details

1.1 Name of +Entity

MACRO METALS LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

ABN

Registration Number

28001894033

1.3 ASX issuer code

M4M

1.4 The announcement is

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New announcement

1.5 Date of this announcement

14/11/2023

1.6 The Proposed issue is:

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A placement or other type of issue

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes

7A.1a Conditions

Approval/Condition Date for determination Is the date estimated or ** Approval actual? received/condition met? +Security holder approval 30/1/2024 Estimated

Comments

Investors under the Placement to be issued one (1) free attaching unlisted option for every four (4) Placement Shares subscribed for and issued under the Placement. The Placement Options are subject to shareholder approval at a General Meeting of the Company to be held in early 2024.

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? New class

Will the proposed issue of this +security include an offer of attaching +securities? No

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? No

Will the entity be seeking quotation of the 'new' class of +securities on ASX? No

ASX +security code

New class-code to be confirmed

+Security description Unlisted Options

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+Security type

Options

Number of +securities proposed to be issued

209,375,000

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration? No

Please describe the consideration being provided for the +securities

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Investors under the Placement to be issued one (1) free attaching unlisted option for every four (4) Placement Shares
subscribed for and issued under the Placement, exercisable at $0.008 (0.8 cents) each, expiring 2 years from the date of
issue.
Please provide an estimate of the AUD equivalent of the consideration being
provided for the +securities
Will all the +securities issued in this class rank equally in all respects from
their issue date?
Yes
Options details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.0080 2/2/2026
Details of the type of +security that will be issued if the option is exercised
M4M : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
One (1) fully paid ordinary share for every one (1) option exercised
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities
proposed to be issued or provide the information by separate announcement.
Refer to ASX announcement lodged on 14 November 2023 titled "Macro to acquire Lithium Rights from Aurora and
Placement"
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Part 7C - Timetable

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7C.1 Proposed +issue date 2/2/2024 Part 7D - Listing Rule requirements 7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes 7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 30/1/2024 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? Yes 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? No 7E.2 Is the proposed issue to be underwritten? No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Standard share registry, external advisers and ASX administrative fees.

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Part 7F - Further Information

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7F.01 The purpose(s) for which the entity is issuing the securities

Free attaching unlisted options as part of Placement.

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

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