Grange Resources Limited · ASX:GRR
Grange Resources — Shareholder Meeting (May 2024)
19 slides from Grange Resources's shareholder meeting presentation, May 14, 2024
Slide 1: AGM Presentation
} GRANGE RESOURCES AGM Presentation 14 May 2024 — inate
Slide 2: Disclaimer
I Disclaimer The material in this presentation 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. Any decision to buy or sell GRR securities sh
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 lutruwita/Tasmania and the Noongar Menang people of the Albany region, WA. We recognize our First Nations people and their continuing connection to land, water an
Slide 4: Purpose | Vision | Values
I Purpose | Vision | Values Our Purpose: The responsible provision of mineral We value At Grange we all will… resources to support sustainable Safety ✓ Work safely. development, growth and prosperity Respect ✓ Lead & act with fairness, integrity, trust and respect. Accountability ✓ Be responsible &
Slide 5: Quality Product
I Quality Product Grange’s high-quality pellet delivers: ✓ High iron content ✓ Low impurities ✓ Minimal environmental impact ✓ Reduced energy consumption 5
Slide 6: Strategic Plan Framework
I Strategic Plan Framework Deliver Integrate Build Capacity & Develop Strategic Drive Shareholder Sustainable LOMP Innovation Capability Initiatives Value Maintain fundamental business to Apply innovation to improve Maintain a committed workforce Be forward looking and Maximise sustainable returns.
Slide 7: Health | Safety | Environment
I Health | Safety | Environment Safety is our high priority. Our HSE strategic plan (2024-2026) supports our team to provide a resilient safety culture. ▪ Reinforcement and awareness of our safety principles ▪ Safety Incident and Investigation Analysis ▪ Effectively utilizing and applying our risk m
Slide 8: 2023 Highlights
I 2023 Highlights Delivering shareholder value through process improvement with safe and sustainable operations Over 6 years Lost Time Injury Free before an injury occurred in Q2. 1 LTI free for the remainder of the year. 2 Underlying EBITDA of A$270M and ROE of 15.5%. 3 Maintained strong balance sh
Slide 9: Emission Reductions
I Emission Reductions Continuing our journey towards emission reduction targets ▪ Tracking projects to timeline. ▪ Completed Furnace 4 upgrade. ▪ Eliminated anthracite usage in the first furnace. ▪ Progressing underground transition through project commitment phase. ▪ Developing concept studies for
Slide 10: 2023 Performance Highlights
I 2023 Performance Highlights Strong financial results were delivered through quality production output 10
Slide 11: Capital Management Framework
I Capital Management Framework Safe & Reliable • Prioritising allocation of capital to maintain safe & Operations Investments & Returns reliable operations, and near-term productivity. Transition to Capital • Initiatives designed to maximise cash being generated Underground Productivity from existin
Slide 12: Cashflow Movements
I Cashflow Movements Balancing sustainable growth and shareholders’ returns Investment Processing Plants (A$21M) Net operating DIVIDEND Savage cash inflow River Mine Capex (A$69M) Net Cash Net Cash 1 Jan 23 31 Dec 23 12
Slide 13: Savage River Mineral Assets
I Savage River Mineral Assets Total resources of 472MT supporting long life operations and maximising mineral assets North Pit South Deposit ▪ High-quality, long-life resources ▪ ~11MT @ 47%DTR ▪ ~226MT @ 48%DTR ▪ Supporting LOM tailings infrastructure construction ▪ Supporting long life operations
Slide 14: North Pit Development
I North Pit Development
Slide 15: Centre Pit Development
Centre I Pit Development 15
Slide 16: Strategic Projects - NPUG
I Strategic Projects - NPUG NPUG DFS demonstrates significant value uplift and sustainable long-life mine ▪ Access to 64 million tonnes of ore ▪ Substantial reduction of 30% with underground mining costs at an average of A$13/t ore ▪ Plan to commence development in 2025 with strong project returns I
Slide 17: Strategic Projects - Southdown
I Strategic Projects - Southdown Study optimisation is moving forward based on PFS design at initial production of 5MTPA ▪ High-quality magnetite concentrate at nearly 70% Fe ▪ Potential expansion up to 10MTPA ▪ Dry grinding technology will improve efficiency and reduce power and water demand Next S
Slide 18: Summary
I Summary Our Key Strengths: ▪ Experienced magnetite producer with a long-life project close to the Asian market ▪ Producer of a high-quality iron ore product (65%+ Fe) that attracts a premium ▪ Experienced team ▪ Strong balance sheet ▪ No loans providing strong financing potential for strategic pro
Slide 19: Primary Contact
PRIMARY CONTACT Honglin Zhao Managing Director & CEO +61 3 6430 0222 ManagingDirector@grangeresources.com.au Notes: - A lower cut-off grade of 15% DTR was used in the calculation of both the Mineral Resources and Ore Reserves - For details of Resources and Reserves, refer ASX announcement 28-Feb-202