Grange Maintains Resource Base at Savage River with Ongoing Underground Development Progress
Grange Resources Limited (ASX: GRR) has reported its Annual Mineral Resource and Ore Reserve Statement for the Savage River Operation in Tasmania, highlighting stable resource levels alongside continued mine development. Total Mineral Resources were reported at 464 million tonnes at 44% DTR, reflecting a marginal decline of 0.8% over the past year due to mining depletion. Ore Reserves stood at 96 million tonnes at 44.7% DTR, decreasing by 3.8% driven by ongoing production, mine design refinements and updated scheduling. Operationally, underground development advanced with 64 metres of lateral development and 260 meters of vertical development completed, alongside ventilation infrastructure to support further expansion. The underground resource is underpinned by extensive drilling and development work, including nearly 37 kilometres of drilling and bulk sampling. Continued optimization of mine planning and scheduling is expected to support long-term production continuity and operational efficiency at Savage River.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Grange Maintains Resource Base at Savage River with Ongoing Underground Development Progress
Grange Resources Limited (ASX: GRR) has reported its Annual Mineral Resource and Ore Reserve Statement for the Savage River Operation in Tasmania, highlighting stable resource levels alongside continued mine development. Total Mineral Resources were reported at 464 million tonnes at 44% DTR, reflecting a marginal decline of 0.8% over the past year due to mining depletion. Ore Reserves stood at 96 million tonnes at 44.7% DTR, decreasing by 3.8% driven by ongoing production, mine design refinements and updated scheduling. Operationally, underground development advanced with 64 metres of lateral development and 260 meters of vertical development completed, alongside ventilation infrastructure to support further expansion. The underground resource is underpinned by extensive drilling and development work, including nearly 37 kilometres of drilling and bulk sampling. Continued optimization of mine planning and scheduling is expected to support long-term production continuity and operational efficiency at Savage River.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au