MACRO METALS LIMITED — Capital/Financing Update 2024

Nov 26, 2024

ASX ANNOUNCEMENT 27 November 2024

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Notification of Expiry of Listed Options (M4MOB)

Macro Metals Limited ( ASX:M4M ) ( Macro or the Company ) advises that the attached letter is being sent to registered holders of listed options (ASX: M4MOB) ( Options ), which are exercisable at $0.02 each on or before 5:00pm (AWST) on 31 December 2024.

Official quotation of the Options on the ASX will cease at close of trading on Monday, 23 December 2024, being four business days before the Expiry Date.

This announcement is authorised for release by the Company Secretary of Macro Metals Limited.

For further information please contact:

Mathew O’Hara

Company Secretary Macro Metals Limited Tel: +61 8 6143 6707 info@macrometals.com.au

About Macro Metals Limited

Macro is a mineral exploration, development and mining services company focussed on delivery of shareholder value through the economic development of natural resource assets.

Macro owns directly a portfolio of iron ore and manganese assets which are undergoing active exploration programs, with the aim of providing future production opportunities.

Separately, through its wholly owned subsidiary, Macro Mining Services (MMS), the Company offers bespoke, safe and highly value accretive mining services across a range of commodity groups and through the entire pit to customer supply chain, including mining, crushing and screening, processing, haulage, ship loading and shipping services.

Macro is a diversified mining and mining services business.

Macro Metals Limited ACN 001 894 033 Suite 23, 513 Hay Street, Subiaco WA 6008 [|] PO Box 1311, Subiaco WA 6904 +61 (0) 8 6143 6707 [|] info@macrometals.com.au [|] www. macrometals.com.au [|] Page 1 of 1

ASX:M4M

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27 November 2024

Dear Optionholder

EXPIRY OF LISTED OPTIONS (ASX: M4MOB)

We are writing to you as a registered holder of listed options (ASX: M4MOB) ( Options ) in Macro Metals Limited ( Macro or the Company ) to remind you that your Options will expire at 5:00pm (AWST) on 31 December 2024 ( Expiry Date ). Each Option entitles you to apply for one fully paid ordinary share ( Share ) in the capital of Macro.

There is no obligation on holders to exercise their Options. Under Appendix 6A of the ASX Listing Rules, the Company is required to advise holders of the information contained in this notice. Some of the courses of action available to you as a holder of these Options are:

• a) Exercise your Options on or before 31 December 2024 . If you wish to exercise your Options, you must complete the "Notice of Exercise of Option" form which has been made available with this notice and deliver the completed form together with payment of $0.02 for each Option being exercised in accordance with the instructions set out in the Notice of Exercise.

Your completed Notice of Exercise form and payment (in cleared funds) must be received by no later than 5:00pm (AWST) on 31 December 2024. Instructions regarding methods of payment are included in the Notice of Exercise.

• b) Sell your Options on-market . Quotation of the Options on the ASX will cease at the close of trading on Monday, 23 December 2024, being four business days before the Expiry Date.

• c) Do nothing and allow your Options to expire . If you do not exercise or sell your Options in the manner described above, they will automatically expire at 5:00pm (AWST) on 31 December 2024 and all rights under the Options will cease at that time.

The following information is provided in accordance with paragraph 5.2 of Appendix 6A of the ASX Listing Rules:

Information required byparagraph 5.2 of Appendix 6A	Disclosure
Number of Options held andShares to be issued onconversion	Refer to the personalised “Notice of Exercise of Options”form which has been made available with this notice.
Exercise price	$0.02 per Option.
Due date for payment ofexercise price	No later than 5:00pm (AWST) on 31 December 2024.
Consequences of not exercisingthe Options	There is no obligation upon the holder to exercise theirOptions (in whole or in part), however, if payment is notreceived by the due date the Options will lapse and all rightsunder the Options will cease at that time.
Date quotation of the Optionswill end	The Options will cease to be quoted on ASX from the closeof trading on 23 December 2024.

Macro Metals Limited ACN 001 894 033 Suite 23, 513 Hay Street, Subiaco WA 6008 [|] PO Box 1311, Subiaco WA 6904 +61 (0) 8 6143 6707 [|] info@macrometals.com.au [|] www. macrometals.com.au [|] Page 1 of 2

ASX:M4M

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Latest market price of theunderlying Shares	$0.009, being the latest available closing price of Shares onthe ASX on 26 November 2024.
Highest and lowest market priceof the underlying Shares in the 3months prior to the date of thisnotice	The highest and lowest closing market sale prices of theShares on ASX during the three months immediatelypreceding the date of this notice, and the respective datesof those sales were:•Lowest:$0.006 on 19 November 2024•Highest:$0.028 on 30 August 2024
Details of any underwritingagreement notified under ASXListing Rule 3.11.3	The exercise of the Options is not underwritten.

The Company encourages you to seek your own professional advice in deciding whether or not to exercise your Options.

If you have any questions, please do not hesitate to contact our share registry, LINK, on 1300 554 474 (within Australia) or +61 1300 554 474 (outside Australia) or the Company on +61 8 6143 6707.

Yours sincerely,

Mathew O’Hara Company Secretary Macro Metals Limited

Macro Metals Limited ACN 001 894 033 Suite 23, 513 Hay Street, Subiaco WA 6008 [|] PO Box 1311, Subiaco WA 6904 +61 (0) 8 6143 6707 [|] info@macrometals.com.au [|] www. macrometals.com.au [|] Page 2 of 2

ASX:M4M

ACN 001 894 033

All Registry communications to: Link Market Services Limited Locked Bag A14 Sydney South NSW 1235 Australia Telephone: +61 1300 554 474 Facsimile: +61 2 9287 0303 ASX Code: M4M Email: registrars@linkmarketservices.com.au Website: www.linkmarketservices.com.au

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X99999999999

Balance of M4MOB as at xx/xx/2024: xxx,xxx,xxx

Notice of Exercise of Options (ASX Code: M4M)

MACRO METALS LIMITED OPTIONS EXPIRING 5:00PM PERTH TIME 31 DECEMBER 2024 EXERCISE PRICE A$0.02*

PLEASE COMPLETE BELOW

I/We apply to exercise the following number of Options and attach EFT payment receipt. Please allot me/us fully paid shares in the issued capital of Macro Metals Limited (“Ordinary Shares”) calculated on the basis of one (1) Ordinary Share for every one (1) Option which I/ we exercise. I/We agree to accept such Ordinary Shares subject to the Constitution of Macro Metals Limited.

NUMBER OF OPTIONS EXERCISED B TOTAL PAYMENT REQUIRED at A$0.02 per , , . Option Exercised A$ , , , , .* You may exercise either part of, or all of, your Options holding. Please write in Box A the number of Options that you wish to exercise. If you do not indicate the number of Options you wish to Exercise, or enter a number greater than your holding of Options, the Company will exercise as many Options as your accompanying cheque will pay for. However, the number of Options exercised will not exceed the

A NUMBER OF OPTIONS EXERCISED

You may exercise either part of, or all of, your Options holding. Please write in Box A the number of Options that you wish to exercise. If you do not indicate the number of Options you wish to Exercise, or enter a number greater than your holding of Options, the Company will exercise as many Options as your accompanying cheque will pay for. However, the number of Options exercised will not exceed the number of Options you hold.

*Subject to adjustment in accordance with the terms of the Options.

C

EFT PAYMENT

Payment of the Option Exercise Amount to Macro Metals Ltd must be made by electronic transfer into Macro Metals Ltd’ bank account:

Bank: Commonwealth Bank

Account Name: Macro Metals Limited BSB: 065-114

Account No: 1027-0622

Bank Address: North Adelaide Branch, 264 Main North Rd, Shop 9, Northpark Shopping Centre, PROSPECT SA 5082 Swift Code: CTBAAU2S

YOUR CONTACT DETAILS

D

Please provide your telephone number where you can be contacted during business hours regarding your Notice, if necessary. Telephone Number Contact Name (PRINT)

Contact Name (PRINT)

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( )

E HOW TO LODGE THE NOTICE OF EXERCISE OF OPTIONS

The completed notice to be mailed to the address set out below:

Mailing Address: Macro Metals Limited C/- Link Market Services, Locked Bag A14, Sydney NSW 1235. Please send a scanned copy of the completed notice to: mohara@konkera.com.au

Personal Information Collection Notification Statement: MUFG Pension & Market Services (“MPMS”) advises that your personal information is collected by MPMS organisations for the administration of your investment as required or permitted by the Corporations Act 2001 (Cth) and other legislation. Some or all of your personal information may be disclosed to contracted third parties, or related MPMS companies in Australia and overseas. Your information may also be disclosed to Australian government agencies, law enforcement agencies and regulators, or as required under other Australian law, contract, and court or tribunal order. For further details about our personal information handling practices, including how you may access and correct your personal information and raise privacy concerns, visit our website at www. linkmarketservices.com.au for a copy of the MPMS privacy policy, or contact us by phone on +61 1300 554 474 to request a copy.

M4M OPT001