Kogi Iron Limited acquired MOGUL COPPER-ZINC VMS PROJECT from Mining Equities Pty Ltd for AUD 0.01 million.

Macro Metals Limited is an Australia-based exploration company. The Company owns 100% of the Agbaja Iron and Steel project located in Kogi State, Republic of Nigeria, West Africa. The Agbaja Project hosts an extensive, shallow, flat-lying channel iron deposit with an indicated and inferred mineral resource of 586 million tons with an in-situ iron grade of 41.3%. The Company also owns a portfolio of eight iron ore projects in the Pilbara and Mid-West regions of Western Australia together with a project prospective for copper and zinc. The Company’s Mogul VMS Project is a Cu-Pb-Zn-Ag-Au project located approximately 60 kilometers (km) east of Nullagine in Western Australia on tenement E46/1399. It also has six additional highly prospective iron ore exploration licenses across the Midwest and West and Central Pilbara, which includes W5 Iron Ore Project, Deepdale Iron Ore Project, Bellary Springs Iron Ore Project and Turner Iron Ore Project.