Grange Resources Limited · ASX:GRR
Grange Resources — Shareholder Meeting (May 2025)
27 slides from Grange Resources's shareholder meeting presentation, May 14, 2025
Slide 1: AGM Presentation
For personal use only Australia’s most experienced magnetite pellet producer AGM Presentation 14 May 2025 ASX:GRR
Slide 2: Important Disclosures & Disclaimers
Important Disclosures & Disclaimers General Information Competent Person Statement This Presentation contains summary information about Grange Resources Limited ("Grange" or "the Company") The information in this presentation that relates to Mineral Resources and Ore Reserves at Savage River is base
Slide 3: Acknowledgement of Country
I Acknowledgement of Country Grange acknowledges the Traditional Custodians of the land on which we work, live and operate; the Palawa of For personal use only lutruwita/Tasmania and the Noongar Menang people of the Albany region, WA. We recognise our First Nations people and their continuing connec
Slide 4: Overview Corporate
For personal use only Overview Corporate
Slide 5: Purpose | Vision | Values
Purpose | Vision | Values Our Purpose: For personal use only We value At Grange we all will… The responsible extraction of mineral resources to support sustainable development, growth Safety ✓ Work safely and prosperity. ✓ Lead & act with fairness, integrity, trust and Respect respect Accountability
Slide 6: Corporate Overview
Corporate Overview Australia’s Most Experienced Magnetite Producer Corporate Snapshot (28 March 2025) For personal use only Market Cap Share Price A$243m A$0.21 Available Funds Savage River – Key Metrics A$265m Cash3 • 2024 Cash Costs A$146/t No Debt • 2024 Price Premium ~15%1 • NPUG Cash Costs <A$1
Slide 7: Strong Track Record of Financial Performance
Strong Track Record of Financial Performance A Successful History of Consistent and Profitable Operations Balancing shareholder returns and For personal use only Stable and consistent iron ore pellet Profitable operations through investment—paid over A$370m in production various commodity cycles div
Slide 8: Grange's Contribution To Tasmania 2024
Grange’s Contribution To Tasmania 2024 Significant Benefits to Tasmania’s Economy and Community For personal use only Active industry leadership $11m • Participation in industry bodies - Tasmanian Minerals, Manufacturing Royalties and Energy Council • Core Partner to the Heavy Industry Low-carbon Tr
Slide 9: Value Creation Strategy
Value Creation Strategy Extending & Expanding the Savage River Operations, Starting with the North Pit Underground (NPUG) Savage River Operations NPUG Project Expansion Opportunities For personal use only Australia’s longest running magnetite Reduces operating costs and provides NPUG provides a plat
Slide 10: Emission Reductions
Emission Reductions Committed Towards Emission Reduction Targets. Aim to Achieve Net Zero by 2035 Progress Towards 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 For personal use only Emission Reduction Targets • NPUG expects to reduce carbon emissions at the Savage River Mine by a material
Slide 11: Savage River Operations
For personal use only Savage River Operations
Slide 12: Savage River – Investment Highlights
Savage River – Investment Highlights Extending and Expanding the Savage River Operations, Starting with the NPUG Project Australia’s longest standing operating magnetite mine For personal use only • Operating since 1967 • Producing 2.5 - 2.6 Mtpa of premium iron ore pellets and chips • 468Mt @ 44% D
Slide 13: Savage River – Integrated Operations
Savage River – Integrated Operations Savage River Operational Capacity Mine to Market Process Mining Beneficiation Pipeline Pelletising Port Latta (7-10 Mtpa)1 (~5–7 Mtpa) (~2.85 Mtpa) (~3.3 Mtpa) (~4.5 Mtpa) For personal use only Integrated Operations Grange’s Savage River Operations are fully inte
Slide 14: Savage River – Mineral Assets
Savage River – Mineral Assets Resource of 468Mt, Supporting Mine Life Extension 600 Mineral Resource Ore Reserve 500 For personal use only 400 300 200 Continuous Resource addition and Reserve replacement 100 - 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 North Pit • Hig
Slide 15: Savage River Infrastructure
Savage River Infrastructure Grange has 100% Ownership of All Infrastructure Port Latta For personal use only Pelletising Plant Port Latta ~ 85km Pipeline Savage River Operating Mine Beneficiation
Slide 16: Continuous Improvement
I Continuous Improvement Improvements are Driven Top-Down and Bottom-Up through our Management Operating System Change Acceleration Process Teams For personal use only Mine to Metal Toolkit comprises an evolving set of Tools that support Planning, Execution, and Review.
Slide 17: Years of Continued Innovation
I 57 Years of Continued Innovation Large Modern Open Cut Mine Focused on Utilising Technology and Continuously Improving Investment into safety and production efficiency systems For personal use only • Advanced Production Monitoring: Implementing Caterpillar’s production monitoring technology, endor
Slide 18: Safe Production
Safe Production Australia’s Longest-Running Magnetite Producer, Operated by an Experienced and Dedicated Team 2.0 For personal use only Total Recordable Injury Frequency Rate 2024 NSW Regulator reports Industry average TRIFR at 26.77 (2024) 0.0 Lost Time Injury Frequency Rate 2024 WA Workcover repor
Slide 19: North Pit Underground Project (NPUG)
For personal use only Savage River North Pit Underground Project (NPUG)
Slide 20: NPUG Delivers Life at Reduced Cost
NPUG Delivers Life at Reduced Cost Key Metrics - Integrated Mine Plan Physical & Financials1 Units IMP DFS demonstrates Significant Value Uplift, Cost Reduction, and Key Material Assumptions Sustainable Long-life Operations Average Product Price A$/t 177.3 Average FX A$/US$ 0.70 For personal use onl
Slide 21: Underground Mining Experience
Underground Mining Experience Underground Development Already Significantly De-risked Exploration Decline Development: For personal use only Completed over 5km of underground tunnels including crosscuts through the ore body and the collection of a bulk sample. • Underground development rates and cos
Slide 22: Potential Resource Expansion
Potential Resource Expansion NPUG Provides Access to Low-Cost High-Grade Ore Resource is Open at Depth Open Pit • The magnetic anomaly suggests mineralisation For personal use only continues to >1km in depth • Deepest drill hole intersects mineralization at -650mRL, 500m deeper than the open pit, an
Slide 23: Future Expansion Opportunities
For personal use only Savage River Future Expansion Opportunities
Slide 24: Future Expansion Opportunities
Future Expansion Opportunities Savage River Operations has Latent Capacity for Expansion Block Cave Mining Removes Mining Constraints For personal use only • Block Cave mining allows the removal of the current ore-mining limit and for the operation to maximise production to its downstream processing
Slide 25: Southdown Magnetite Project
For personal use only Southdown Magnetite Project
Slide 26: Southdown Magnetite Project
Southdown Magnetite Project One of the Largest Undeveloped Magnetite Resources in Australia Project Overview For personal use only • Large Resource Size: 1,258Mt @ 33.7%DTR • Producing High Grade Concentrate: High-quality magnetite concentrate at nearly 70% Fe. Optimisation Study Completed: • Expans
Slide 27: Grange Resources Limited
For personal use only Grange Resources Limited Email: Info@grangeresources.com.au Website: www.grangeresources.com.au