What did Macro Metals (ASX:M4M) announce regarding the Gibraltar East Gold Project?

Macro Metals has signed a binding mining services and profit share agreement with Renegade Metals for the Gibraltar East Gold Project in Western Australia. The deal allows Macro Metals to earn a 50% interest in the project's mineral deposits.

How does the profit-sharing agreement work for Macro Metals (ASX:M4M)?

The agreement follows a "waterfall" payment structure where project revenue first covers state royalties and native title obligations. Macro Metals then recovers its working capital facility and service costs before any remaining profits are split 50:50 with Renegade Metals.

What role does Macro Mining Services play in this new deal?

Macro Metals’ wholly owned subsidiary, Macro Mining Services, has been appointed as the exclusive provider of technical and mining services for the tenements. These services will be provided on a "cost-plus 15% margin" basis.

What are the historical gold assay results for the Gibraltar East site?

The project tenements (M15/1876 and P15/6783) show high-grade historical intercepts, including 5m at 6.02g/t Au and 1m at 10.9g/t Au. Other notable results include 2m at 5.00g/t Au and 10m at 1.57g/t Au.

How is Macro Metals (ASX:M4M) funding the development of the project?

Macro Metals is providing a Working Capital Facility (WCF) to fund all activities on the tenements, charging a 10% annual interest rate. This capital will be used for the A$350,000 exploration commitment required to earn their 50% interest.

What are the immediate next steps for the Gibraltar East Gold Project?

Management has already initiated technical reviews, data consolidation, and permitting processes. A key focus is the Aboriginal heritage engagement, which is essential for obtaining the necessary approvals for field validation and exploration.

Macro Metals secures gold partnership in Western Australia

Written by Isaac FrancisPublished May. 15 2026Last Updated May. 15 2026

Macro Metals (ASX:M4M) entered into a binding mining services and profit share agreement with Renegade Metals, marking an expansion of its operations within the gold-rich Coolgardie Mineral Field of Western Australia.

The partnership focuses on the Gibraltar East Gold Project, which comprises two contiguous tenements, M15/1876 and P15/6783.

The move positions Macro Metals to earn a 50% interest in all mineral deposits at the site by committing $350,000 towards exploration, permitting, and mine establishment activities over the next twelve months.

The project is backed by encouraging historical data, with notable gold assay results including high-grade intercepts such as 5m at 6.02g/t Au and 1m at 10.9 g/t Au.

Under the terms of the deal, the company’s subsidiary, Macro Mining Services, will exclusively provide technical and mining expertise on a cost-plus 15% margin basis.

Macro Metals will provide a working capital facility at a 10% annual interest rate to fund ongoing activities.

Financial returns will be structured to prioritise the recovery of state royalties, native title obligations, and operational costs before a 50:50 profit split is enacted between Macro and Renegade.

The company has already commenced essential technical reviews, data consolidation, and Aboriginal heritage engagement.

At the time of reporting, Macro Metals’ share price was $0.0060.