Slide 1: Corporate Presentation
Australia’s most experienced magnetite pellet producer Corporate Presentation 31 March 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 lutruwita/Tasmania and the Noongar Menang people of the Albany region, WA. We recognise our First Nations people and their continuing connection to land, water an
Slide 4: Corporate Overview
Corporate Overview. RESOURCES _
Slide 5: Purpose | Vision | Values
Purpose | Vision | Values Our Purpose: 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 ✓ Be responsible & ac
Slide 6: Corporate Overview
Corporate Overview Australia’s Most Experienced Magnetite Producer Corporate Snapshot (28 March 2025) Market Cap Share Price A$243m A$0.21 Available Funds Savage River – Key Metrics A$298m Cash3 • 2024 Cash Costs A$146/t No Debt • 2024 Price Premium ~15%1 • NPUG Cash Costs <A$100/t2 Dividend Payout
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 Stable and consistent iron ore pellet Profitable operations through investment—paid over A$370m in production various commodity cycles dividends since 2020 Sale
Slide 8: 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 Australia’s longest running magnetite Reduces operating costs and provides NPUG provides a platform for future mine,
Slide 9: Savage River Operations
Operations ’ cee: ae — Q GRANGE < RESOURCES
Slide 10: 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 • Operating since 1967 • Producing 2.5 - 2.6 Mtpa of premium iron ore pellets and chips • 468Mt @ 44% DTR Mineral Resource op
Slide 11: 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) Integrated Operations Grange’s Savage River Operations are fully integrated, managing the p
Slide 12: Savage River – Mineral Assets
Savage River – Mineral Assets Resource of 468Mt, Supporting Mine Life Extension 600 Mineral Resource Ore Reserve 500 400 300 200 Continuous Resource addition and Reserve replacement 100 - 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 North Pit • High-quality, long-life R
Slide 13: Savage River Infrastructure
Savage River Infrastructure Grange has 100% Ownership of All Infrastructure Port Latta Pelletising Plant Port Latta ~ 85km Pipeline Savage River Operating Mine Beneficiation
Slide 14: Continuous Improvement
I Continuous Improvement Improvements are Driven Top-Down and Bottom-Up through our Management Operating System Change Acceleration Process Teams Mine to Metal Toolkit comprises an evolving set of Tools that support Planning, Execution, and Review.
Slide 15: 57 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 • Advanced Production Monitoring: Implementing Caterpillar’s production monitoring technology, endorsed by their Head of T
Slide 16: Grange Produces a Premium Iron Ore Pellet
Grange Produces a Premium Iron Ore Pellet Savage River’s Premium Iron Ore Pellet Product Achieves a Significant Premium Relative to 65% Fe Benchmark Prices Premium Pricing: Grange’s high-quality products achieve Iron Ore Pellet Prices (US$/t)1 premium prices. 300 High Fe Content: >65% 275 250 Grange
Slide 17: Safe Production
Safe Production Australia’s Longest-Running Magnetite Producer, Operated by an Experienced and Dedicated Team 2.0 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 reports Industry average LT
Slide 18: Grange's Contribution To Tasmania 2024
Grange’s Contribution To Tasmania 2024 Significant Benefits to Tasmania’s Economy and Community Active industry leadership $11m • Participation in industry bodies - Tasmanian Minerals, Manufacturing Royalties and Energy Council • Core Partner to the Heavy Industry Low-carbon Transition $95m Cooperat
Slide 19: Emission Reductions
Emission Reductions Committed Towards Emission Reduction Targets. Aim to Achieve Net Zero by 2035 Progress Towards 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Emission Reduction Targets • NPUG expects to reduce carbon emissions at the Savage River Mine by a material reduction in diesel us
Slide 20: Savage River North Pit Underground Project (NPUG)
Savage River North Pit Underground Project (NPUG)
Slide 21: NPUG Delivers Life at Reduced Cost
NPUG Delivers Life at Reduced Cost Key Metrics - Integrated Mine Plan Physical & Financials1 Units IMP DFS demonstrates Significant Value Uplift, Cost Reduction, and Key Material Assumptions Sustainable Long-life Operations Average Product Price A$/t 177.3 Average FX A$/US$ 0.70 Discount Rate (real
Slide 22: NPUG – Lower Operating Cost & Margin Expansion
NPUG – Lower Operating Cost & Margin Expansion Block Cave Mining is Forecast to Materially Reduce Operating Costs Operating unit cash costs Breakdown (A$/t)1 Average operating cost1 A$/t 180 Open Pit production 69 160 Underground production 31 2024 operating cost 140 Concentrator and Pellet Plant 49
Slide 23: Underground Mining Experience
Underground Mining Experience Underground Development Already Significantly De-risked Exploration Decline Development: Completed over 5km of underground tunnels including crosscuts through the ore body and the collection of a bulk sample. • Underground development rates and costs have a high level o
Slide 24: NPUG Project Provides the Platform for Further Expansion
NPUG Project Provides the Platform for Further Expansion Significant Room for Further Production and Margin Growth Post Transition to Block Cave Mining High Grade Ore: Planned Production Integration (Mt)1 • Underground mining provides access to over 60Mt of high-grade ore. 10.0 4.0 Production Upside
Slide 25: 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 continues to >1km in depth • Deepest drill hole intersects mineralization at -650mRL, 500m deeper than the open pit, and 200m deeper than HG
Slide 26: Savage River Future Expansion Opportunities
Savage River Future Expansion Opportunities
Slide 27: Future Expansion Opportunities
Future Expansion Opportunities Savage River Operations has Latent Capacity for Expansion Block Cave Mining Removes Mining Constraints • Block Cave mining allows the removal of the current ore-mining limit and for the operation to maximise production to its downstream processing limits. • Potential f
Slide 28: Southdown Magnetite Project
Southdown Magnetite Project
Slide 29: Southdown Magnetite Project
Southdown Magnetite Project One of the Largest Undeveloped Magnetite Resources in Australia Project Overview • Large Resource Size: 1,258Mt @ 33.7%DTR • Producing High Grade Concentrate: High-quality magnetite concentrate at nearly 70% Fe. • Optimisation Study Underway: Study optimisation is moving
Slide 30: Board and Management Team
Board and Management Team
Slide 31: Board of Directors
Board of Directors Michelle Li Indep. Non-Executive Chairperson Tianxiao Shen Non-Executive Director • Appointed as Non-Executive Chairperson in October 2023. • Currently Deputy General Manager of Shagang International • Over 20 years’ experience in the Australian mining sector as (Singapore) Pte. L
Slide 32: Management Team
Management Team Weidong Wang Chief Executive Officer Ben Maynard Chief Operating Officer • Over 30 years’ experience in management, engineering and • Joined Grange in 2009, working with the Savage River projects in the steel industry. operation for over 25 years. • Former Deputy General Manager at N
Slide 33: Grange Resources Limited
Grange Resources Limited Email: Info@grangeresources.com.au Website: www.grangeresources.com.au