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M4M — Macro Metals News Story

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Australia's Macro Metals rises on acquiring WA iron ore project

BUZZ-Australia's Macro Metals rises on acquiring WA iron ore project

** Shares of Australia's Macro Metals M4M.AX rise as much as 16.7% to A$0.007, highest level since July 8

** Mineral explorer and mining services provider announces agreement to acquire Yandi South Iron Ore project in Pilbara region of Western Australia (WA)

** M4M to pay A$6.5 million ($4.50 million) plus royalty for project

** Stock has fallen 27.8% this year, including session moves

($1 = 1.4447 Australian dollars)


(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))

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