MACRO METALS LIMITED — Regulatory Filings 2021

Jun 14, 2021

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15 June 2021
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Notice Under Section 708A(5)(e) of the Corporations Act (Cth)

On 15 June 2021, Kogi Iron Limited (the “Company”) issued 21,221,429 fully paid ordinary shares in accordance with the terms of its Subscription Agreement with Diversified Metals Holdings, LLC, which was announced to the market on 26 April 2021.

Accordingly, the Company gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the "Corporations Act") that:

1. the abovementioned ordinary shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act ;

2. as at the date of this notice the Company has complied with:

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

   • (b) section 674 of the Corporations Act ; and

3. as at the date of this notice there is no "excluded information" (as defined in subsection

4. 708A(7) of the Corporations Act ) which is required to be disclosed by the Company.

Approved for release by the Board

For further information, please contact: KOGI IRON LIMITED

Craig Hart Chairman

About Kogi Iron (ASX: KFE)

Kogi Iron Limited is an Adelaide-based company with the objective of becoming a producer of cast steel billet product that can be sold to fabricators of finished steel products through the development of its 100% owned Agbaja Cast Steel project located in Kogi State, Republic of Nigeria, West Africa (“Agbaja” or “Agbaja Project”).

Nigeria has substantial domestic demand for steel products, which is currently met largely through imports of scrap steel raw materials. The Agbaja project, located on the Agbaja plateau approximately 15km northwest of Lokoja city in Kogi State and 200km southwest of Abuja, the capital city of Nigeria, opens the opportunity for domestic production of steel.

The Company holds a land position which covers a large part of the Agbaja Plateau. The Agbaja Plateau hosts an extensive, shallow, flat-lying channel iron deposit with an Indicated and Inferred Mineral Resource of 586 million tonnes with an in-situ iron grade of 41.3% reported in accordance with the JORC Code (2012) – Refer ASX announcement 10 December 2013. This mineral resource covers approximately 20% of the prospective plateau area within ML24606 and ML24607.