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Iron ore mining company Grange Resources has uncovered a significant increase in ore reserves in Savage River, Tasmania. Mineral resources at the project have increased a whopping 170 Million Tonnes (MT) to a total of 545.2 MT after further work on-site. These positive results come as a near two-year success as surveying began at Savage River in 2017. Grange Resources CEO Honglin Zhao says the positive news is a big win for the company.

“These results provide Grange with the confidence to continue our pre-feasibility studies to determine if there is an opportunity to access the ore body at depth utilising underground methods,” he said.

Please see the announcement attached
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