MACRO METALS LIMITED — Capital/Financing Update 2025

Feb 4, 2025

ASX ANNOUNCEMENT 5 February 2025

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Robe River Kuruma Macro Mining marks second Indigenous Joint Venture for Macro Metals

Highlights

• Formation of Robe River Kuruma Macro Mining Pty Ltd, an Indigenous joint venture between Robe River Kuruma Aboriginal Corporation’s wholly owned subsidiary, Robe River Services Pty Ltd and Macro Metals Limited’s wholly owned subsidiary, Macro Mining Services Pty Ltd

• Robe River Services Pty Ltd holds 51% of the issued share capital with Macro Mining Services Pty Ltd holding the remaining 49%

• Traditional custodians of West Pilbara Country to play an active leadership role in overseeing land use, ensuring culturally and environmentally responsible outcomes with real socio-economic benefits remaining within local Indigenous community

• The incorporated joint venture embodies a true, highly collaborative partnership to generate meaningful opportunities and synergies for all stakeholders and a unifying initiative between mining companies and Traditional Owners

• Robe River Kuruma Macro Mining is the second indigenous joint venture to be formed by Macro Metals and will focus on contracting and rehabilitation opportunities in the West Pilbara

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Figure 1: Location of Robe River Kuruma Country map relative to Pilbara region of WA. Source: RRJAC AR2022

Macro Metals Limited (ASX:M4M) ( Macro or the Company ) is pleased to announce the formation of a majority Indigenous-owned, incorporated joint venture between Macro’s wholly owned subsidiary, Macro Mining Services Pty Ltd ( MMS ), and Robe River Services Pty Ltd ( RRS ).

RRS is a wholly owned subsidiary of the Robe River Kuruma Aboriginal Corporation ( RRKAC ), the registered native title body corporate for the Robe River Kuruma People, who hold traditional

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 5

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rights to an area covering nearly 16,000 square kilometres and have deep cultural ties to the West Pilbara region.

The incorporated joint venture is named Robe River Kuruma Macro Mining Pty Ltd ( RRKMM ) with RRS holding 51% of the issued share capital and MMS holding the remaining 49%.

RRKMM is a local Indigenous business on Robe River Kuruma Country and seeks to build genuine, long-lasting relationships with the West Pilbara communities. A core focus of the company will be to create training, employment and contracting opportunities to registered RRK People and businesses to ensure that every project RRKMM is involved in leaves a positive and enduring impact on the community while also prioritising the preservation of cultural values, traditions, and the environment.

The formation of RRKMM is a realisation of our values and is testament to Macro’s commitment to socially responsible and forward-thinking mining practices, by placing land rehabilitation, environmental sustainability and Aboriginal cultural heritage at the core of our mining operations and mining services offerings.

Macro’s commitment to these values is further demonstrated by RRKMM marking the second Indigenous Joint Venture to be established by Macro, following the announcement of the formation of Nyapiri Macro Mining Pty Ltd (See ASX Release: Macro enters First Indigenous Joint Venture, 26 November 2024), which is a local Indigenous business on Ngarla, Kariyarra and Nyamal country.

These joint ventures not only build upon the broader company ethos championed by the leadership and strategic vision of the Macro board (as communicated in the Dec 2024 AGM – See ASX Release: Macro Metals Ltd – AGM Presentation) but also leverage the board’s experience in facilitating successful Indigenous partnerships that create a lasting and mutually beneficial legacy.

Macro is committed to sustainable exploration and mining. As a forward-thinking organisation that specialises in strategic resource identification, evaluation and development, we prioritise innovation, safety and community-centric partnerships.

By engaging with our partners to co-create solutions, we seek to ensure communities thrive and develop alongside our projects. We believe both Nyapiri Macro Mining and RRKMM showcase Macro’s move beyond traditional resource extraction to a holistic model of cultural and environmental caretaking.

Robe River Kuruma Macro Mining Pty Ltd

Central to the formation of RRKMM is the principle of enduring custodianship , upheld by the Robe River Kuruma community represented by RRKAC. RRKAC, through RRS will take an active leadership role in overseeing land use, ensuring mining operations are conducted in a culturally and environmentally responsible manner, while also driving tangible socio-economic benefits for the RRK People and the broader local Indigenous community.

This approach enables local Indigenous knowledge to be weaved into the entire life cycle of mining projects, from exploration, through production, and ultimately to mine closure and rehabilitation. This is a stark contrast to the situation at most mature mining projects where it is unlikely that personnel working there today have first-hand knowledge of the pre-disturbance landscape.

Land contouring, revegetation and habitat restoration at mining projects on which RRKMM is engaged will be guided by the Robe River Kuruma People’s traditional knowledge and will cultivate a deep respect for heritage practices and ecological balance, while also enabling ongoing cultural integrity.

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 5

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Benefits of the Joint Venture

RRKMM will benefit from both Macro’s proven mining expertise, safety systems and corporate governance frameworks, and RRKAC’s cultural insights and native title responsibilities to create a mutually beneficial partnership generating meaningful synergies. These include:

• Creating significant and long-lasting community impact through employment and training opportunities not only for Robe River Kuruma People, but for West Pilbara Indigenous people and businesses, strengthening community ties through economic participation and reinforcing Macro’s role over time as a trusted, transparent and accountable industry partner.

• Creating new opportunities to provide mining services to active and potential mining projects on country, including the Robe Valley Iron Ore Project operated by Rio Tinto and the Onslow Iron Project operated by Mineral Resources Limited.

• RRKMM, as a local Indigenous contracting business, will enjoy ‘preferred’ status in the award of works on mining projects, particularly on Robe River Kuruma Country.

• Operationally, having RRKMM as head Indigenous contractor provides the project principal with a single point of contact for their Indigenous engagement which facilitates a much more efficient and seamless process, particularly in respect of Indigenous contractor onboarding and management.

• RRKMM will employ Macro Mining Services’ critical risk management-based safety system that has been carefully designed by Sustainability Pty Ltd, satisfies all legislative requirements and meets the criteria to be a contractor at all tier one projects in Western Australia.

• RRKMM will enjoy the benefits of Macro Mining Services’ strategic partnership with Macro’s major shareholder, Paramount Earthmoving (See ASX Release: Strategic Placement to Paramount Earthmoving, 2 December 2024), and its extensive fleet of large scale, late model heavy mining equipment, meaning the company has the immediate ability to mobilise for small and large mining services contracts.

Partner commentary:

Spokesperson from Robe River Services Pty Ltd , Kelly Slattery commented:

“We are thrilled about the opportunity to unlock economic benefits through this joint venture. The Robe River Kuruma People have worked tirelessly to drive positive change for our members, and it is incredibly rewarding to see these efforts come to fruition following significant work through Robe River Services over the past two years. ”She added, “Joint ventures like this have the power to transform both individuals and our community. I am excited to establish a business that creates meaningful opportunities on RRK Country.”

This collaboration marks an important step for the Robe River Kuruma People. It not only provides significant economic opportunities for the corporation and its members but will also provide us opportunity to restore Country and advance our pursuit towards healthy Country through rehabilitation efforts that respect our cultural heritage and practices.

Importantly, the operational capability that the Macro Mining Services team brings to our joint venture means we can confidently execute large-scale mining and rehabilitation projects. By doing so, we will ensure that projects we are involved in are executed in culturally and environmentally responsible manner, begin realising proper socio-economic

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 3 of 5

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benefits from land that the RRK People have been custodians of for thousands of years, and take meaningful steps towards restoring disturbances on Robe River Kuruma country in a way that will restore it as close as possible to its pre-disturbance state.”

Mr Simon Rushton , Managing Director commented :

“I am delighted to announce the formation of Robe River Kuruma Macro Mining Pty Ltd. The incorporation of this joint venture is the product of respectful and rewarding dialogue with the executive teams and boards at both the Robe River Kuruma Aboriginal Corporation and Robe River Services. This stands to be a deeply symbiotic partnership that will benefit the Robe River Kuruma People, all Macro stakeholders as well as mining companies operating on RRK Country.

Macro Metals Limited’s involvement in an Indigenous joint venture sees us work closely with Traditional Owners and will provide our team with an objective, yet intimate understanding of the perspective of, and opportunities created by working closely with, Traditional Owners that can then be conveyed to our mining industry peers. Similarly, by RRS taking an active leadership role in mining operations, Traditional Owners will experience firsthand the nuances, challenges and successes of running a mining services company. In this way, I am very optimistic about the potential for our Indigenous joint venture to begin addressing what is too often a lack of true understanding between mining companies and Traditional Owners of their respective circumstances, goals and challenges, which in turn leads to tension that can be avoided.

This also marks our second indigenous joint venture, testament to our mission of delivering innovative, sustainable and values-driven mining solutions that prioritise safety, environment and community .

Our vision centres on Aboriginal communities maintaining their rightful role as traditional stewards of the land. Through this partnership, Indigenous knowledge will guide every aspect of the mining operations that our joint venture performs, from initial exploration through to final rehabilitation. While other mining operations may lose touch with the premining landscape over time, our Traditional Owner partners carry thousands of years of continuous connection to country.

By combining this invaluable cultural knowledge with modern mining expertise, we've woven a partnership that respects tradition, while creating competitive advantages that can deliver sustainable outcomes for all stakeholders.”

This JV represents another milestone in building the foundations of a diversified mining and mining services business, set to quickly deliver maximum shareholder value.

Anthony Galante and I very much look forward to engaging with leaders of mining companies operating on RRK Country to understand the near-term opportunities that exist for Robe River Kuruma Macro Mining Pty Ltd to provide meaningful mining and rehabilitation services at their projects.”

This announcement has been authorised for release by the Board of Directors.

For further information, please contact:

Simon Rushton Managing Director Macro Metals Limited +61 8 6143 6707 info@macrometals.com.au

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 4 of 5

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About Macro Metals Limited

Macro Metals Limited is diversified mining and mining services company with a focus on Western Australian operations.

Through its wholly owned subsidiary, Macro Mining Services Pty Ltd ( 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.

The company also directly owns a portfolio of iron ore and manganese assets which are undergoing active exploration programs organically funded by the mining services division, with the aim of providing future production opportunities and the delivery of shareholder value through the economic development of natural resource assets.

Forward Looking Statements

This announcement may include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of the Company. Actual values, results or events may be materially different to those expressed or implied in this announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law, the Company does not undertake any obligation to update or revise any information or any of the forward-looking statements in this announcement or any changes in events, conditions, or circumstances on which any such forward looking statement is based.

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 5 of 5

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