Grange Resources posts September quarterly report
Key points
- Grange Resources published its quarterly report for the period ended Sept. 30.
- Following the announcement, the Grange Resources share price was unchanged at $0.12.
- The company continues to advance its iron ore operations and capital growth projects across Tasmania.
Grange Resources (ASX:GRR) released its latest quarterly report for the period ended Sept. 30.
The results follow a previous quarter where realised sales prices averaged $160.30 per tonne against unit cash costs of $157.69 per tonne.
The company had previously committed $13.3 million towards planned growth capital expenditure.
CEO Weidong Wang said, “The company achieved a significant milestone in its history with the announcement of a final investment decision to develop the Savage River North Pit Underground Project on the 14th of October.”
The business also reached a financial investment decision to deliver the Savage River Underground project in October.
Following the announcement, the Grange Resources share price was unchanged at $0.12.
Grange Resources operates an integrated magnetite mining and pellet production facility at Savage River and Port Latta in Tasmania.
The company maintains a focus on transitioning operations to underground mining while balancing operational costs and iron ore market prices.
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