Macro Metals Limited has officially announced a pivotal enhancement to its leadership and strategic focus on its Pilbara Iron Ore portfolio with the appointment of a new board of highly esteemed members. This dynamic team has showcased their dedication by investing $1.22 million of the total $1.35 million placement, underscoring their commitment to driving shareholder value and implementing the company’s strategic vision.
Simon Rushton takes the helm as Managing Director, with Evan Cranston, Tolga Kumova, and Robert Jewson joining the board. Their collective expertise and financial backing are set to accelerate the development of Macro’s comprehensive Pilbara Iron Ore portfolio, recently expanded with six promising exploration licenses.
Simon Rushton, reflecting on his previous achievements in the industry, expressed confidence in leveraging his experience to scale Macro into a leading iron ore producer, emphasizing the strategic prioritization of the Pilbara assets for future exploration and development updates.
Mr Simon Rushton, Incoming Managing Director stated: “With its existing and newly acquiredassets, Macro’s Iron Ore portfolio has the potential for multiple sources of iron ore production utilising the well-established and proven export infrastructure of the Pilbara and the Mid-West.
As the managing director of Australasian Sands International, I successfully established a greenfields concreting sand mining, processing and export business and achieved our first shipment of concreting sand from the Port of Geraldton within five months of mobilisation to site. While at Hedland Mining I successfully managed the re-establishment of the Poondano Iron Ore Mine and achieved our first shipment of iron ore within 6 months of mobilisation to site. At both projects, I created and safely executed the entire pit to port supply chain including site establishment, mining and processing as well as appointing our haulage contractors and securing port allocation for both export operations.
Utilising the same fit for purpose, safety and results focused, rapid development approach across the Macro assets, I can see substantial scale and the real potential to become a multi mine iron ore producer. The newly appointed Board and I have commenced our prioritisation of the Pilbara iron ore assets within the Macro portfolio and we look forward to providing further updates with respect to exploration and development activities in coming weeks.”
