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Grange Resources Limited ( (AU:GRR) ) has provided an update.
Grange Resources Limited reported a successful quarter ending December 2024, with increased cash reserves and liquid investments, totaling A$298.05 million. The company achieved notable operational improvements, including a rise in concentrate production to 683kt and pellet sales to 668kt, despite stable average prices. The appointment of BurnVoir Corporate Finance reflects Grange’s commitment to advancing the North Pit Underground Project, underscoring their strategic growth initiatives. Operational costs decreased due to improved production efficiency, and the company remains vigilant on potential challenges such as wall instability at Centre Pit, ensuring ongoing ore development.
More about Grange Resources Limited
Grange Resources Limited operates in the mining industry, focusing primarily on iron ore production. The company is known for its Savage River operations in Tasmania, which involve the extraction and processing of iron ore into pellets.
YTD Price Performance: -7.86%
Average Trading Volume: 57,302
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $152.4M
For detailed information about GRR stock, go to TipRanks’ Stock Analysis page.
