Slide 1: Exploration & Projects Investor Presentation: Pipeline of Drill Targets
rsonal use only EXPLORATION & PROJECTS Investor Presentation Pipeline of Drill Targets Iron Ore, Base Metals & Gold Q4 CY26 Q1 CY27 Q2 CY27 YANDI SOUTH DRILLING MOGUL DRILLING GIBRALTAR EAST DRILLING ASX: M4M | INVESTOR PRESENTATION 1 October 2026
Slide 2: Disclaimer and Competent Persons Statement
IM PO RT ANT NO T ICES Disclaimer and Competent Persons Statement DISCLAIMER RELEVANT ANNOUNCEMENTS REFERENCED The purpose of this presentation is to provide general information about Macro Metals Limited (“Macro” or the “Company”). It is not recommended that any person makes any investment decision
Slide 3: Who is Macro Metals?
CO M PANY O VERVIEW Who is Macro Metals? Macro Metals Limited (ASX: M4M) (Macro) is an ASX-listed Western Australian exploration, mining services and resource development group. Macro combines contracted mining services revenue with equity and profit-share interests in the projects it services. rson
Slide 4: Services cashflow advances projects. Drilling accelerates them.
O UR BUSINESS M O DEL Services cashflow advances projects. Drilling accelerates them. An integrated exploration-to-operations platform. Our Mission To responsibly develop and deliver resource projects across WA through rsonal use only Services fund projects. Projects build services. disciplined deci
Slide 5: Built on a proven playbook
M ACRO M ET ALS BUSINESS M O DEL Built on a proven playbook The team has run this playbook before. Find, Permit, Develop, Operate & Rehabilitate rsonal use only The leadership team has taken projects from approval to export. Integrated Exploration & Mining Restarted an iron ore mine to first export
Slide 6: Three Projects to be Drilled Within the Next 6 Months
PRO JECT PO RT FO LIO Three Projects to be Drilled Within the Next 6 Months Yandi South (Fe) Mogul VMS (Cu) Gibraltar East (Au) rsonal use only M4M 100% · Central Iron Ore Province M4M 100% · Eastern Pilbara 50% equity via Macro Mining Services agreement, Payment Consideration of $1m to WIO paid in
Slide 7: Yandi South: Iron Ore Next to Rio Tinto's Yandicoogina
Y ANDI SO UT H IRO N Yandi South: Iron Ore Next to Rio Tinto's Yandicoogina Granted tenure beside Tier-1 iron ore operations rsonal use only Three granted exploration licences covering ~56km²; applications for a further 46km² would take Macro's footprint to ~100km² Shares a boundary with Rio Tinto's
Slide 8: Drilling Targets a 2012 JORC MRE by Q2 CY27
Y ANDI SO UT H IRO N Drilling Targets a 2012 JORC MRE by Q2 CY27 Shallow mineralisation, clear drill targets Historical RC drilling intersected 25m @ 55.9% Fe from 1m (YSRC057)2: Drilling aims to report the historical estimate1 under JORC 2012 by Q2 CY27 rsonal use only mineralisation proximal to su
Slide 9: Drill Proven VMS Cu-Au-Ag Target
M O G UL VM S CO PPER- G O LD- S ILV E R Drill Proven VMS Cu-Au-Ag Target Legend High grades at surface, untested targets at depth E46/1399 (Macro 100%) 100% owned; ~44km² granted plus ~85km² under application, rsonal use only 7,572,800mN Collar, significant hit 60km east of Nullagine within the Por
Slide 10: Gibraltar East: on trend from a 6.2Moz gold system
G IBRALT AR EAST G O LD Gibraltar East: on trend from a 6.2Moz gold system Along strike from 6.2Moz of defined gold Legend Gibraltar East (M4M) Granted mining lease and prospecting licence (M15/1876, P15/6783) in rsonal use only the Bullabulling goldfield, 25km west of Coolgardie MI6 tenure Dicksons
Slide 11: Drilling to Extend High-Grade Gold Mineralisation by Q2 CY27
G IBRALT AR EAST G O LD Drilling to Extend High-Grade Gold Mineralisation by Q2 CY27 Capital-light entry into a proven gold district Legend 6,572,000mN 50% equity and 50% profit share via a binding mining services Gibraltar East (M4M) rsonal use only agreement, for A$350k of exploration spend within
Slide 12: Thank you for your consideration. Q&A
rsonal use only EXPLORATION & PROJECTS Investor Presentation Thank you for your consideration. Q&A ASX: M4M | INVESTOR PRESENTATION 12 October 2026
Slide 13: Appendix: Additional Information
APPE N DI X 1 Additional Information Yandi South Iron Ore Project – historical estimate (slides 5, 6 and 7) Forward-looking timelines (slides 3, 4, 5, 7, 8 and 10) Drill intercepts, rock-chip results and magnetite metallurgical test work referred to on slides 6 and 7 are Target dates for approvals,