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Grange Resources Limited
(OTC:GRR)
Grange Resources Limited (GRR) vs. iShares MSCI Australia ETF (EWA)
Grange Resources Limited Business Overview & Revenue Model
Grange Resources Limited Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 520.80M | 614.74M | 594.55M | 781.66M | 526.32M | Gross Profit |
| 70.39M | 199.51M | 239.40M | 435.55M | 232.81M | EBIT |
| 60.90M | 194.54M | 234.83M | 431.77M | 225.16M | EBITDA |
| 119.28M | 274.53M | 308.67M | 538.92M | 269.93M | Net Income Common Stockholders |
| 58.55M | 150.10M | 171.74M | 322.26M | 204.18M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 298.05M | 282.61M | 108.41M | 464.69M | 202.92M | Total Assets |
| 1.30B | 1.24B | 1.14B | 1.13B | 878.34M | Total Debt |
| 1.32M | 2.21M | 6.48M | 17.45M | 16.45M | Net Debt |
| -70.13M | -107.49M | -101.93M | -426.44M | -166.93M | Total Liabilities |
| 240.06M | 212.82M | 240.07M | 255.91M | 166.25M | Stockholders Equity |
| 1.06B | 1.03B | 904.13M | 871.22M | 713.26M |
| Cash Flow | Free Cash Flow | |||
| 40.13M | 8.92M | -27.63M | 418.09M | 74.82M | Operating Cash Flow |
| 239.92M | 267.11M | 196.94M | 498.16M | 202.57M | Investing Cash Flow |
| -253.38M | -241.90M | -396.24M | -79.57M | -125.12M | Financing Cash Flow |
| -30.73M | -25.19M | -145.55M | -165.25M | -26.89M |
Grange Resources Limited Technical Analysis
Grange Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | AU$214.11M | 3.66 | 5.68% | 13.51% | -15.28% | -60.99% | |
51 Neutral | $2.02B | -1.12 | -21.36% | 3.65% | 2.87% | -30.54% | |
| €120.05M | 14.75 | 8.27% | ― | ― | ― | ||
46 Neutral | AU$66.03M | ― | -34.82% | ― | ― | -142.11% | |
39 Underperform | AU$17.59M | ― | -3.74% | ― | ― | 67.62% | |
| AU$196.20M | ― | -40.70% | ― | ― | ― | ||
| AU$17.53M | ― | ― | ― | ― |
Grange Resources Limited Corporate Events
Grange Resources Limited has announced the issuance of 3,560,318 performance rights as part of an employee incentive scheme. These unquoted equity securities, which are not intended to be listed on the ASX, aim to motivate and retain key personnel, potentially enhancing the company’s operational efficiency and competitive positioning in the mining sector.
Grange Resources Limited announced the successful passing of all resolutions at its Annual General Meeting of Shareholders. The resolutions included the adoption of the remuneration report, re-elections and elections of directors, approval of the executive rights plan, and the issuance of performance rights, indicating strong shareholder support and stability in the company’s governance.
Grange Resources Limited has released a presentation detailing its current activities and mineral resource estimates. The company has confirmed that there are no new material changes to the mineral resource and ore reserve estimates for its Savage River and Southdown projects. This announcement underscores the company’s stable resource base, which is critical for its ongoing operations and industry positioning.
Grange Resources Limited reported its first-quarter results for 2025, highlighting a strong safety record with no lost time injuries and an improvement in market pricing for its products. Despite a planned reduction in production due to annual maintenance, the company is progressing with its North Pit Underground project, aiming for project execution in 2026. The company maintains a strong cash reserve, although it decreased due to capital expenditures and lower sales. The feasibility study for the Southdown Magnetite Project indicates its potential value in the direct reduction iron market.
Grange Resources Limited reported a resilient performance for FY 2024 despite facing challenging market conditions, with a slight decline in iron ore product sales and a significant drop in profit after tax due to lower iron ore prices and increased operating costs. The company achieved a 5% increase in pellet production and completed a Definitive Feasibility Study for the North Pit Underground project, which is expected to reduce operating costs and expand margins. Grange is progressing with financing for this project and remains committed to long-term growth and decarbonization initiatives.
Grange Resources Limited has completed a feasibility study for the Southdown Magnetite Project, indicating a 6% increase in ore reserves and a production capacity of 5 million tonnes per annum of high-quality magnetite concentrate. The project is expected to generate significant economic benefits, with a nominal project free cash flow of A$10.1 billion and an after-tax NPV of A$877 million. The company is actively seeking joint venture partners and long-term financing options to advance the project, which is strategically positioned to meet the increasing demand for direct reduction grade iron ore in the decarbonizing steel industry.
Grange Resources Limited has announced its Annual General Meeting, scheduled for May 14, 2025, at the University of Tasmania, Cradle Coast Campus. The meeting will address the company’s financial statements, directors’ reports, and the adoption of the remuneration report for the year ended December 31, 2024. Shareholders will vote on the remuneration report, and if a significant percentage votes against it for two consecutive years, a spill resolution may be triggered, requiring a re-election of directors.
Grange Resources Limited has announced a change in its board of directors with the resignation of Mr. Chongtao Xu as a non-executive director, effective immediately. Mr. Xu will continue to serve in his senior executive role within the company, and the board expressed gratitude for his contributions since his appointment in March 2023, while looking forward to his ongoing involvement in the company.
Grange Resources Limited has released a presentation highlighting its current activities and mineral resource estimates for its Savage River and Southdown projects. The company reaffirms that there have been no material changes to the previously announced estimates, ensuring stakeholders of the stability and reliability of its resource base. This announcement underscores Grange’s commitment to transparency and provides assurance to investors about the company’s ongoing operations and future prospects in the mining sector.
Grange Resources Limited has released its Annual Mineral Resource and Ore Reserve Statement for December 2024, indicating that its mineral resources and ore reserves at the Savage River Operation in Tasmania remain largely consistent with the previous year. The company reported a slight decrease in mineral resources by 0.1% and a more significant 8% reduction in ore reserves due to mining depletion and updates to mine designs and production schedules. Notably, underground ore reserves in the North Pit reduced by 3.8 million tonnes, but the grade improved to 45.9% DTR. The completion of 3.0 kilometers of underground development in 2024 has enhanced geological and geotechnical confidence, potentially de-risking future production rates and project cost estimates.