Slide 1: Financial Results Presentation
For personal use only Australia’s most experienced magnetite producer Financial Results Presentation 31 December 2012 27 February 2013
Slide 2: Disclaimer
Disclaimer For personal use only The material in this presentation (“material”) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase, any security in Grange Resources Limited (“GRR”) nor does it form the basis of any contract or commitment. GRR makes no
Slide 3: 2012 Highlights
2012 Highlights For personal use only Exceptional safety record continues No Lost Time Injuries recorded since July 2010 Solid operating performance and results Successfully addressed operational challenges from July 2012 rock slide Disciplined cash management has preserved balance sheet s
Slide 4: Exceptional Safety Performance
Exceptional Safety Performance For personal use only Last LTI: July 2010 Our focus on safety will continue to be unrelenting 27 February 2013 Slide 4
Slide 5: 2012 Results Overview
2012 Results Overview For personal use only Revenues from mining operations of $331.3 million (down 19% from $410.4m) Sales volumes up 34% to 2.4 million tonnes of iron ore products Average realised price down 31% to US$144.84 per tonne Net profit after tax of $35.9 million (down 83% from $2
Slide 6: Key Production Statistics
Key Production Statistics For personal use only 2012 2011 2013 Priorities Total Mined (‘000 BCM) 14,638 15,628 Total Ore (‘000 BCM) 1,774 1,693 Focus on accessing high Concentrate Produced (t) 2,123 2,019 grade ore Weight Recovery (%) 35.9% 36.4% Continued investment in Pellets Produced (‘000 t)
Slide 7: Key Operating Statistics
Key Operating Statistics 2013 Priorities For personal use only 2012 2011 Tonnes Sold (‘000) 2,369 1,773 Take advantage of improving iron Realised Selling Price (US$/t)1 $144.84 $210.21 ore prices Average Exchange Rate (A$:US$1) 1.036 1.040 Drive C1 cost Realised Selling Price (A$/t) 1 $139.86 $2
Slide 8: Southdown Project - Achievements
Southdown Project - Achievements For personal use only Completed a definitive feasibility study in April 2012 which improved the projects level of accuracy to +/- 15% Progressed project engineering, land acquisition, permitting, drilling and test work Initial capital expenditure estimated at A
Slide 9: Southdown Project – Priorities
Southdown Project – Priorities For personal use only Continue search for new equity partner to take a strategic share of the Company’s interest Significantly reduce expenditure for 2013 to approx. $2.5 million (GRR Share) Maintain all tenements, permits and project assets in good order Timely
Slide 10: 2013 Priorities – Recapped
2013 Priorities – Recapped Broaden customer base to take advantage of improving market opportunities For personal use only Drive operating costs down further and regain access to high grade ore Continue investment in mine development - progress next phase of North Pit development and unlock So
Slide 11: Primary Contact
Primary Contact For personal use only Primary Contact: Richard Mehan Managing Director +61 8 9327 7901 managingdirector@grangeresources.com.au 27 February 2013 Slide 11