06
Apr
03:37
Grange Resources sees decreased Savage River ore reserves
Australian iron ore miner Grange Resources has seen the ore resources at its Savage River magnetite iron ore mine in Tasmania, Australia, decrease to 96.7 million tonnes at 46.7% Davis Tube Recovery (DTR), Kallanish notes.
This 6.4mt decrease in ore reserves from the previous statement is attributed to mining depletion and resource model adjustment from new drilling in 2022.
Meanwhile, its mineral resources have slightly decreased to 485mt at 44.5% DTR,…
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