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Grange Resources Limited ( (AU:GRR) ) has provided an update.
Grange Resources reported a solid March 2026 quarter, maintaining its exemplary safety record with more than 1,050 days without a lost time injury while completing mining at Centre Pit and advancing work at North Pit. Production and sales remained strong with 607,000 tonnes of concentrate and 555,000 tonnes of pellet sales, slightly down due to scheduled maintenance, and unit cash operating costs fell to A$136.56 per tonne.
Average realised prices were broadly stable at about US$126 per tonne, though Australian dollar pricing eased on currency movements, and the company invested around A$9.4 million in growth capital projects including key power pack rebuilds and mine planning. Cash and liquid investments rose to A$284 million, and technical and legal due diligence for financing the North Pit Underground Project was completed, paving the way for lender engagement and underpinning the next phase of growth at Savage River.
More about Grange Resources Limited
Grange Resources Limited is an Australian iron ore producer listed on the ASX, operating the Savage River magnetite mine and pellet plant in Tasmania. The company focuses on producing high-grade iron ore concentrate and pellets for export markets, positioning itself as a niche supplier of premium pellet products into the global steel industry.
Average Trading Volume: 1,603,547
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$191M
For a thorough assessment of GRR stock, go to TipRanks’ Stock Analysis page.