Grange Resources Limited (AU:GRR) has released an update.
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Grange Resources Limited has announced a delay in its transition to an underground Block Cave mine due to softened iron ore prices, impacting its financial readiness. The company is revising its life-of-mine plan and exploring funding options to ensure a sustainable, low-emission operation. Meanwhile, Grange continues to focus on ore delivery from its existing open pit operations.
For further insights into AU:GRR stock, check out TipRanks’ Stock Analysis page.