Grange Resources stock falls 4.35 percent on ASX

Published on 10/20/2026 at 18:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Savage River expansion carries AUD 287.00 million in capital. Grange Resources stock costs EUR 0.07 on October 20, 2026, down 4.35 percent on ASX.

Project and trading facts

On October 13, 2026, Grange Resources approved AUD 287.00 million for the Savage River expansion.
Half-year revenue reached AUD 230.79 million, up 12.00 percent year over year, while the statutory loss was AUD 541.80 million.
Grange Resources stock costs EUR 0.07 at Lang & Schwarz on October 20, 2026 at 6:30 p.m. CEST, down 4.35 percent on ASX.
Market capitalization stood at AUD 127.3 million on October 20, 2026.

Grange Resources, AU000000GRR8, Illustration mit AI erstellt.

Grange Resources (ISIN AU000000GRR8) approved AUD 287.00 million for an underground expansion at its Savage River iron ore operation on October 13, 2026. The project targets first underground production in the first quarter of 2027 and carries a projected net present value of AUD 357.00 million, according to MarketScreener. At Lang & Schwarz, the stock was trading at EUR 0.07 on October 20, 2026 at 6:30 p.m. CEST; on ASX, it was down 4.35 percent from AUD 0.12 to AUD 0.11.

Expansion carries a large capital bill

The North Pit Underground Project is based on a sub-level cave mining method. Simply Wall St reported that management expects the project to be funded from existing cash and operating cash flow. Its stated internal rate of return is 43.00 percent, based on a US 90.00 dollar per tonne iron ore price assumption.

Price position remains weak

The ASX quote stood at AUD 0.11 on October 20, 2026 at 4:10 p.m. AEDT, with a 52-week range of AUD 0.11 to AUD 0.30. The current level therefore sits 63.33 percent below the 52-week high. The same quote carried a market capitalization of AUD 127.3 million and volume of 572,878 shares.

What do the latest results add?

Grange Resources reported AUD 230.79 million of revenue for the half year ended June 30, 2026, up 12.00 percent from AUD 206.43 million in the prior-year half year. The period also produced a statutory loss of AUD 541.80 million, compared with a profit of AUD 13.80 million a year earlier, according to Simply Wall St.

Capital discipline is the next test

The investment decision gives Grange Resources a defined development path, but the AUD 287.00 million commitment is larger than the company's AUD 127.3 million market capitalization. The economic case also depends on the AUD 357.00 million project value and the 43.00 percent internal rate of return remaining achievable as construction and iron ore conditions develop.

Trading level and company facts

The current euro quotation remains the clearest reference for investors using German trading venues, while the ASX price provides the home-market context. The company's operating base combines the Savage River mine, the Port Latta pellet plant and the Southdown magnetite project in Western Australia.

The further course of trading is shown by the continuously updated real-time quote of Grange Resources stock.