Grange Resources Ltd - GRR share price

About

Grange Resources Limited is an ASX listed company, which owns and operates one of Australia's largest integrated iron ore mining and pellet production business, located in the northwest region of Tasmania. The principal activities of the Company consist of the mining, processing and sale of iron ore, and the ongoing exploration, evaluation and development of mineral resources to produce effective and economically viable high quality, steel-making raw materials. The operational projects include Savage River, Port Latta and Southdown. The Savage River project is known for producing some of the highest iron-concentrated magnetite in the country with minimal impurities. The project is located approximately 100 kilometers (km) southwest of the city of Burnie. The Port Latta project is Grange Resources' 100%-owned pellet plant and port facility producing approximately 2.2 million tons of premium quality iron ore products annually. The project is located approximately 70 km northwest of Burnie. The Southdown project an advanced project of GRR, located approximately 90 km from Albany in Western Australia's Great Southern region. The project is a joint venture between Grange and SRT Australia Pty Ltd with GRR managing a holding interest of 70% and the remaining holding is with SRT Australia Pty Ltd. The project contains over 1.2 billion tonnes of high quality mineral resources, including ore reserves of 388Mt. With an initial mine life of 28 years, the project anticipates that around 5 Mt of magnetite concentrate will be exported to international markets each year.