Grange Resources Limited · ASX:GRR

Grange Resources — AJM Global Iron Ore and Steel Conference 2009

20 slides from Grange Resources's conference presentation, Mar 25, 2009

1. Slide 1: Grange Resources – Australia's leading magnetite producer

   Grange Resources – Australia’s leading magnetite producer For personal use only Grange Resources Limited (GRR) Level 11, 200 St Georges Terrace AJM Global Iron Ore and Perth, WA 6000, Australia Steel Conference Phone + 61 8 9321 1118 Fax + 61 8 9321 1523 www.grangeresources.com.au 24/25 March 2009 R

2. Slide 2: Disclaimer

   For personal use only Disclaimer No representation or liability: No representation or warranty is made as to the fairness, currency, accuracy, completeness, reliability or reasonableness of this presentation, or any opinions, conclusions and forward‐looking statements it contains or any other inform

3. Slide 3: For personal use only

   For personal use only 3

4. Slide 4: Projects - Savage River

   Projects - Savage River For personal use only 4

5. Slide 5: Grange has changed!

   Grange has changed! For personal use only • Australia's leading magnetite producer • Australians largest iron ore pellet producer • Solid customer base • Long life assets • Producer and projects • Low sovereign risk • Extensive magnetite technical and operational expertise 5

6. Slide 6: Australia's leading magnetite producer

   Australia’s leading magnetite producer For personal use only Ownership Operations Customers Production Profile Bukit Ibam Southdown Project Savage River Mine 6

7. Slide 7: Grange Resources - Ownership

   Grange Resources - Ownership For personal use only Other existing Grange shareholders Stemcor 23.0% 7.7% Aim to become 8.3% ASX 200 listed 47.2% 13.8% Shagang RGL Pacific Minerals 7

8. Slide 8: Savage River Mine & Pellet Plant

   Savage River Mine & Pellet Plant For personal use only Port Latta – Pellet Plant producing 2.4Mtpa of pellets Slurry Pipeline to Port Latta (83km) Savage River – open pit mine and concentrator producing 2.5Mtpa of concentrate 8

9. Slide 9: Projects - Savage River

   Projects - Savage River For personal use only 9

10. Slide 10: Projects - Savage River

    Projects - Savage River For personal use only 10

11. Slide 11: Projects - Savage River

    Projects - Savage River For personal use only 11

12. Slide 12: Customers - Solid and long term

    Customers - Solid and long term For personal use only • Shagang ¾ China's largest private steel mill, 22mt p/a ¾ Grange’s largest shareholder ¾ Savage River LOM contracts 1.3 mt pellet until 2012 2.1 mt pellet until 2023 ¾ Southdown LOM contracts 56% of all production ¾ Benchmark price • Bluescope 8

13. Slide 13: Savage River operations - 2008

    Savage River operations - 2008 For personal use only Concentrate A record 2.49 million tonnes Production Pellet Production A record 2.38 million tonnes Revenue A record A$256m Mining Fleet New truck and shovel fleet Maintenance facility Built “in pit” for mobile fleet maintenance 13

14. Slide 14: Growth - Southdown

    Growth - Southdown For personal use only Pellet Plant producing 4. 6.8Mtpa direct reduction and blast furnace pellets 3. Concentrate shipped 2. 100km slurry pipeline to Albany Port 1. 6.6Mtpa mining and concentrating operations for 30 years 14

15. Slide 15: For personal use only

    For personal use only 15

16. Slide 16: Southdown Infrastructure – Port of Albany

    Southdown Infrastructure – Port of Albany For personal use only 16

17. Slide 17: Projects – Bukit Ibam

    Projects – Bukit Ibam For personal use only • 100 Ktpa magnetite concentrate Ownership • Grange 51%, Esperance Mining 49% Production $USD40/t Resources & • Resource of 890 Kt magnetite at 33% Fe Mine Life • ~3 years (excluding tailings dam) Reserves 18

18. Slide 18: Grange Resources – production growth prospects

    Grange Resources – production growth prospects For personal use only kt 7000 6000 5000 4000 Southdown 3000 2000 1000 Savage River 0 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 19

19. Slide 19: Grange Resources - Summary

    Grange Resources - Summary For personal use only • Australia's leading magnetite producer • Australians largest iron ore pellet producer • High grade quality products • Consistent cash margins • Solid customer and revenue base • Long life assets • Low sovereign risk • Extensive magnetite technical a

20. Slide 20: Grange has changed……

    For personal use only Grange has changed…… Australia’s leading magnetite producer 21

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