Grange Resources Savage River Project update

Company News

by Katrina Bullock

Magnetite producer, Grange Resources (ASX:GRR), has completed ore production of its current pit stage at its Savage River Project.

It says that 'while production rates will be lower in the first half [of 2019], it is expected that the plant will be in full production for the second half of the year as planned'.

The exploration decline development is on schedule.

The portal is complete and the decline has progressed to 30 metres which will allow 24/7 development and independent blasting from the pit operation.

Shares in Grange Resources (ASX:GRR) closed 1.43 per cent lower at 33 cents yesterday.