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Grange Resources Limited (ASX:GRR)

ALERT: Price-sensitive ASX Announcement for GRR
Current share price for GRR : $0.130 -0.01 (-7.14%)+
Announcement
Release
28 Jul 2026 6:17PM
Price at Release
$0.140
Full Release
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Summary
Grange Resources Limited's quarterly report for the period ending June 30, 2026, highlights strong production with 586,906 tonnes of concentrate and 590,883 tonnes of pellets. Despite a Lost Time Injury, the company focused on enhancing safety measures. Financially, the unit cash operating costs rose to A$157.69 per tonne due to increased fuel and energy prices, while the average realized sales price fell to A$160.30 per tonne. The company's cash reserves stood at A$267.90 million, and significant advancements were made on various capital projects. The North Pit Underground Project was deemed technically sound, while efforts to secure equity investors for the Southdown Magnetite Project continued. The report also notes that Grange Resources has around 8,600 shareholders.
Key Points
  • Grange Resources Limited reported a production of 586,906 tonnes of concentrate and 590,883 tonnes of pellets in the quarter ending June 2026.
  • A Lost Time Injury was recorded during the quarter, but safety systems were strengthened.
  • Unit cash operating costs increased to A$157.69 per tonne, primarily due to higher fuel and energy costs.
  • The average realized sales price decreased to A$160.30 per tonne from A$182.61 per tonne in the previous quarter.
  • The company maintained cash reserves of A$267.90 million and trade receivables of A$23.72 million.
  • Significant progress was made on key capital projects, including the DT256 Powertrain rebuild and 789 Haul Truck Rebuild Program.
  • The North Pit Underground Project was confirmed to be technically robust with no critical flaws.
  • The Southdown Magnetite Project's search for equity investors is ongoing.
  • Grange Resources has approximately 8,600 shareholders as of 30th June 2026.
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.