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Grange Resources Advances Underground Project Amid Strong Safety and Pricing Gains
5:47am on Monday 2nd of June, 2025 AEST
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Mining
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Grange Resources Advances Underground Project Amid Strong Safety and Pricing Gains
5:47am on Monday 2nd of June, 2025 AEST
Key Points
722 days Lost Time Injury free at Savage River operations
Average iron ore price rose to US$124.15/t (A$198.01/t) FOB Port Latta
Planned maintenance reduced concentrate and pellet production, raising unit cash costs
North Pit Underground Project financing underway, first ore expected late 2028 or mid-2029
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