Grange Resources Limited ( (AU:GRR) ) has shared an update.
Grange Resources Limited has announced an expansion of its Savage River operations with the development of the North Pit Underground Project. This project is expected to extend the mine’s life, reduce operating costs, and improve margins through block cave mining. The project aligns with the objectives of the Australian Government’s new $1 billion Green Iron Fund, aiming to reduce carbon emissions by 80% and support the green iron industry. Additionally, Grange is considering extending the Centre Pit mine plan to enhance operational flexibility and de-risk operations, with a life-of-mine plan extending to 2040.
More about Grange Resources Limited
Grange Resources Limited is a company operating in the mining industry, primarily focused on iron ore production. The company is known for its Savage River operations in Tasmania, which are integral to its market focus and production capabilities.
YTD Price Performance: 2.86%
Average Trading Volume: 14,298
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $167.9M
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