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Grange Resources Limited (ASX:GRR)

ALERT: Price-sensitive ASX Announcement for GRR
Current share price for GRR : $0.145 -0.025 (-14.71%)+
Announcement
Release
13 May 2026 9:49AM
Price at Release
$0.170
Full Release
download
Summary
Grange Resources Limited has provided an update on the North Pit Underground Development Project at their Savage River site. The Tasmanian legislature has passed a bill allowing Grange to seek early extensions for certain mining leases, providing long-term operational certainty. An Independent Technical Expert (ITE) report confirmed the project's viability, identifying no critical issues. Despite market uncertainties and volatile commodity prices affecting investor risk appetite, the major shareholder will not fund the project currently. Grange Resources is working on optimizing the project to reduce funding needs and external debt while maintaining shareholder value.
Key Points
  • Tasmanian legislature passed a bill for early mining lease extensions.
  • Independent Technical Expert report confirmed project viability.
  • No fatal technical, operational, or permitting flaws found.
  • Major shareholder not providing financial support at this stage.
  • Grange is optimizing the project to reduce funding needs and debt.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.