Grange Resources Limited  ASX:GRR

Company

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Grange Resources Limited ASX:GRR

$ 0.25

21-Mar-14

Report Date Price
Emerging Companies 21-Mar-14 $0.25

Overview

Grange Resources Limited (Grange Resources) owns and operates one of Australia’s largest integrated iron ore mining and pellet production business, located in the northwest region of Tasmania.

Grange will produce high quality, steel-making raw materials economically and effectively. Our operations will be efficient, flexible, and stakeholder focused.

Grange Resources Limited owns and operates Australia’s largest integrated iron ore mining and pellet production business located in the northwest region of Tasmania. The Savage River magnetite iron ore mine, 100km southwest of the city of Burnie, is a long life mining asset with current reserves estimated to extend the mine life to beyond 2035. At Port Latta, 70kms northwest of Burnie, is Grange Resources’​ wholly owned pellet plant and port facility producing over two million tonnes of premium quality iron ore pellets annually with plans to increase annual production in the coming years to 2.7 million tonnes. Grange holds long term supply contracts for one million tonnes of its annual production and offers the balance of its production to market via a spot sales tendering/contract process.