Anuncio • Mar 24
Grange Resources Limited, Annual General Meeting, May 13, 2026 Grange Resources Limited, Annual General Meeting, May 13, 2026. Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: AU$0.04 (vs AU$0.051 in FY 2024) Full year 2025 results: EPS: AU$0.04 (down from AU$0.051 in FY 2024). Revenue: AU$477.9m (down 8.2% from FY 2024). Net income: AU$46.6m (down 20% from FY 2024). Profit margin: 9.8% (down from 11% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Anuncio • Jan 01
Grange Resources Limited Announces Resignation of Alice Shen as Non-Executive Director, Effective December 30, 2025 Grange Resources Limited advised that Ms. Alice Shen has resigned as a non-executive Director, effective immediately, due to ongoing work commitments. Ms. Shen was appointed in December 2023. Reported Earnings • Aug 29
First half 2025 earnings released: EPS: AU$0.012 (vs AU$0.023 in 1H 2024) First half 2025 results: EPS: AU$0.012 (down from AU$0.023 in 1H 2024). Revenue: AU$206.4m (down 12% from 1H 2024). Net income: AU$13.8m (down 48% from 1H 2024). Profit margin: 6.7% (down from 11% in 1H 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Anuncio • Apr 10
Grange Resources Limited Announces Resignation of Chongtao Xu as Non-Executive Director, Effective April 10, 2025 The Board of Grange Resources Limited advised that Mr. Chongtao Xu has resigned as a non-executive Director, effective immediately. Mr. Xu will continue in his senior executive role within the Company. Anuncio • Mar 14
Grange Resources Limited, Annual General Meeting, May 14, 2025 Grange Resources Limited, Annual General Meeting, May 14, 2025. Reported Earnings • Mar 04
Full year 2024 earnings released: EPS: AU$0.051 (vs AU$0.13 in FY 2023) Full year 2024 results: EPS: AU$0.051 (down from AU$0.13 in FY 2023). Revenue: AU$520.8m (down 15% from FY 2023). Net income: AU$58.5m (down 61% from FY 2023). Profit margin: 11% (down from 24% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 46% per year whereas the company’s share price has fallen by 44% per year. New Risk • Mar 04
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (11% net profit margin). Anuncio • Sep 25
Grange Resources Limited Announces Appointment of Jiajia Jiang as Non-Independent Non-Executive Director The Board of Grange Resources Limited announced the appointment of Mr. Jiajia Jiang as a non-executive Director, effective immediately. Mr. Jiang currently holds the position of Investment Management Director in Shagang Group Investment Holding Co Ltd, being responsible for venture capital investment and project post investment management. Prior to this appointment Mr. Jiang joined Shagang Group in 2013 as an Assistant Director of the Investment Department of Shagang Group. Mr. Jiang holds a Bachelor of Law degree majoring in Economic Law. Mr. Jiang joins the Board as a non-independent non-executive Director. Reported Earnings • Aug 26
First half 2024 earnings released: EPS: AU$0.023 (vs AU$0.061 in 1H 2023) First half 2024 results: EPS: AU$0.023 (down from AU$0.061 in 1H 2023). Revenue: AU$234.0m (down 16% from 1H 2023). Net income: AU$26.5m (down 62% from 1H 2023). Profit margin: 11% (down from 25% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Anuncio • Apr 19
Grange Resources Limited Appoints Fong Hoon as Independent Non-Executive Director and Chair of the Audit & Risk Committee The Board of Grange Resources Limited announced the appointment of Mr. Fong Hoon as an independent non-executive Director, effective immediately. Mr. Hoon, a chartered accountant with a masters degree in business, has a strong background in commercial, financial and audit matters and has extensive Australian and South East Asian business network across a wide range of sectors. Mr. Hoon will also act as Chair of the Audit & Risk Committee. Anuncio • Mar 28
Grange Resources Limited, Annual General Meeting, May 14, 2024 Grange Resources Limited, Annual General Meeting, May 14, 2024. Agenda: To consider election of Directors. Board Change • Mar 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director AJ Saverimutto was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 05
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 12 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Australian dividend payers (6.4%). Lower than average of industry peers (5.5%). Declared Dividend • Mar 01
Dividend of AU$0.02 announced Shareholders will receive a dividend of AU$0.02. Ex-date: 12th March 2024 Payment date: 28th March 2024 Dividend yield will be 4.4%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 5.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: AU$0.13 (vs AU$0.15 in FY 2022) Full year 2023 results: EPS: AU$0.13 (down from AU$0.15 in FY 2022). Revenue: AU$614.7m (up 3.4% from FY 2022). Net income: AU$150.1m (down 13% from FY 2022). Profit margin: 24% (down from 29% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Anuncio • Dec 21
Grange Resources Limited Appoints Tianxiao Shen as Non-Executive Director Grange Resources Limited announced the appointment of Ms Tianxiao Shen as a non-executive director to the Board, effective immediately. Ms Shen is currently the deputy general manager of Shagang International (Singapore) Pte Ltd, a subsidiary of Jiangsu Shagang Group, China's larger privately-owned steel conglomerate. Shen has extensive experience in raw material procurement and trade, company management, supply chain operation management, and investment planning. Ms Shen will fill the non-executive director vacancy left as the major shareholder (Jiangsu Shagang) nominee on the Board, following Ms Yan Jia's resignation as announced on 6 September 2023. Anuncio • Sep 08
Grange Resources Limited Announces Resignation of Yan Jia as Non-Independent Director The Board of Grange Resources Limited advised that Ms Yan Jia has notified the Company that she will resign from the Company, effective immediately, due to personal reasons. Ms Jia joined the Board of Grange in June 2014 and has served on the Remuneration & NominationCommittee. Ms Jia has also held the position of Deputy Chairperson. The Board wishes to thank Ms Jia for her valued contribution to the Company over the past 9 years and wishes her well in future endeavors. Reported Earnings • Aug 26
First half 2023 earnings released: EPS: AU$0.061 (vs AU$0.11 in 1H 2022) First half 2023 results: EPS: AU$0.061 (down from AU$0.11 in 1H 2022). Revenue: AU$278.4m (down 18% from 1H 2022). Net income: AU$70.4m (down 47% from 1H 2022). Profit margin: 25% (down from 39% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. New Risk • Aug 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 21% Last year net profit margin: 37% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (21% net profit margin). Upcoming Dividend • Mar 03
Upcoming dividend of AU$0.02 per share at 3.9% yield Eligible shareholders must have bought the stock before 10 March 2023. Payment date: 28 March 2023. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of Australian dividend payers (7.0%). Lower than average of industry peers (8.0%). Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: AU$0.15 (vs AU$0.28 in FY 2021) Full year 2022 results: EPS: AU$0.15 (down from AU$0.28 in FY 2021). Revenue: AU$594.6m (down 24% from FY 2021). Net income: AU$171.7m (down 47% from FY 2021). Profit margin: 29% (down from 41% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 06
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 13 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 16%. Within top quartile of Australian dividend payers (6.5%). Higher than average of industry peers (9.9%). Reported Earnings • Aug 31
First half 2022 earnings released: EPS: AU$0.11 (vs AU$0.18 in 1H 2021) First half 2022 results: EPS: AU$0.11 (down from AU$0.18 in 1H 2021). Revenue: AU$341.1m (down 24% from 1H 2021). Net income: AU$132.2m (down 36% from 1H 2021). Profit margin: 39% (down from 46% in 1H 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 53% per year. Anuncio • Aug 29
Grange Resources Limited Announces Dividend for the Six Months Ended June 30, 2022, Payable on 30 September 2022 Grange Resources Limited announced dividend for the six months ended June 30, 2022 of AUD 0.02000000 per share. The dividend will be payable on 30 September 2022 with record date of 14 September 2022 and ex-date of 13 September 2022. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to AU$1.11, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 9x in the Metals and Mining industry in Australia. Total returns to shareholders of 512% over the past three years. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 15% share price decline to AU$1.44, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 10x in the Metals and Mining industry in Australia. Total returns to shareholders of 756% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 16% share price gain to AU$1.42, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 11x in the Metals and Mining industry in Australia. Total returns to shareholders of 701% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 17% share price gain to AU$1.38, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total returns to shareholders of 611% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 15% share price gain to AU$1.09, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 11x in the Metals and Mining industry in Australia. Total returns to shareholders of 535% over the past three years. Upcoming Dividend • Mar 04
Upcoming dividend of AU$0.10 per share Eligible shareholders must have bought the stock before 11 March 2022. Payment date: 29 March 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of Australian dividend payers (5.6%). Higher than average of industry peers (8.3%). Reported Earnings • Feb 28
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: AU$0.28 (up from AU$0.18 in FY 2020). Revenue: AU$781.7m (up 49% from FY 2020). Net income: AU$322.3m (up 58% from FY 2020). Profit margin: 41% (up from 39% in FY 2020). The increase in margin was driven by higher revenue. Production and reserves: Iron Production: 2.808 Mt (2.468 Mt in FY 2020) Number of mines: 1 (1 in FY 2020) Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 56% per year whereas the company’s share price has increased by 55% per year. Anuncio • Feb 26
Grange Resources Limited Recommends Final Dividend for the Year End December 31, 2021, Payable on 29 March 2022 Since the end of the financial year the directors of Grange Resources Limited have recommended the payment of a 10.0 cent per share final dividend of $115.7 million. This represents a total of $254.6 million (22.0 cents per share) fully franked dividend for the year-end 31 December 2021. The final dividend was declared NIL conduit foreign income and will be paid on 29 March 2022. Anuncio • Dec 23
Grange Resources Limited Announces Savage River Underground Prefeasibility Study Results Grange Resources Limited announced Savage River Underground Prefeasibility Study Results. An underground concept study and a mining options study was commissioned in 2018 to evaluate the potential for underground mining at Savage River's North Pit. This suggested that underground mining Block Cave (BC) or Sub Level Cave (SLC) could be a viable and economically attractive alternative to increasing the depth of the North Pit. A Prefeasibility Study (PFS) was commissioned by Grange to investigate the viability of an underground mine and commenced in 2019. Current mining operations comprise two active open pits, North and Centre Pits. North Pit is approximately 360 metres in depth and future cutbacks and extensions have the potential to extend to approximately 450 metres below the natural land surface. North Pit is the primary ore source, producing approximately 5 million tonnes per annum of ore. A concept study and a mining options study was commissioned in 2018 to evaluate the potential for underground mining. This recommended that underground mining using Block Cave (BC) or Sub Level Cave (SLC) could be viable and competitive with the life of mine North Pit. A Prefeasibility Study (PFS) was commenced in 2019 to investigate the viability of underground mining below the current North Pit. An Exploration Decline was developed from March 2019 to September 2020 and included 2,423 metres of development, 11,340 metres of resource drilling and collection of a 20,000 tonne bulk sample of ore. The decline portal was located in the south-east corner of North Pit with the decline developed in the eastern wall of the pit and traversing from the southern end of the resource to the north. The ground conditions encountered are similar to what was expected from the drilling and geotechnical interpretations. The decline ground conditions have generally been considered good and hydro- geological observations indicated that the eastern wall is generally tight and dry. A Bulk Sample Drive (BSD) was developed through the ore at the -60mRL. Several breakaway headings were developed successfully from the BSD to test intersections and breakaways in the ore. The ground conditions in the ore ranged from fair to very poor. The Savage River Mine and concentrator plant is located in north-west Tasmania, approximately 100km south-west by sealed road from Burnie. The Mine has been in operation for more than 53 years, extracting magnetite from a series of open pits. Grange owns the mine and the downstream processing facilities which include a concentrator on site and a pelletising plant at Port Latta which is located on the Bass Strait coast. The pelletising plant and dedicated port facilities at Port Latta are located 70 kilometres northwest by sealed road from Burnie. Magnetite concentrate slurry is pumped from the mine to the pelletising plant through an 85km pipeline. The pipeline currently has capacity for delivering up to 2.75 million tonnes per annum. Anuncio • Dec 10
Grange Resources Limited Issues Special Dividend, Payable on 29 December 2021 Grange Resources Limited resolved to issue a $0.10 special dividend to be paid on 29 December 2021. This will result in $0.14 being paid in dividends during 2021. Ex-dividend date 15 December 2021 with Record Date 16 December 2021. Upcoming Dividend • Sep 06
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 13 September 2021. Payment date: 30 September 2021. Trailing yield: 7.0%. Within top quartile of Australian dividend payers (5.1%). Lower than average of industry peers (9.3%). Reported Earnings • Aug 26
First half 2021 earnings released: EPS AU$0.18 (vs AU$0.058 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$450.6m (up 86% from 1H 2020). Net income: AU$205.9m (up 207% from 1H 2020). Profit margin: 46% (up from 28% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jul 08
CEO, MD & Executive Director recently bought AU$265k worth of stock On the 2nd of July, Honglin Zhao bought around 440k shares on-market at roughly AU$0.60 per share. This was the largest purchase by an insider in the last 3 months. This was Honglin's only on-market trade for the last 12 months. Executive Departure • May 04
Non Executive Director has left the company On the 30th of April, David Woodall's tenure as Non Executive Director ended after 2.2 years in the role. We don't have any record of a personal shareholding under David's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS AU$0.18 (vs AU$0.067 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: AU$526.3m (up 43% from FY 2019). Net income: AU$204.2m (up 163% from FY 2019). Profit margin: 39% (up from 21% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 15
New 90-day high: AU$0.40 The company is up 60% from its price of AU$0.25 on 17 November 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 17% over the same period. Anuncio • Feb 02
David Woodall Notified Grange Resources Limited Not Seek Re-Election as Non-Executive Director The Board of Grange Resources Limited announced that Mr. David Woodall has notified the Company that he will not seek re-election as Non-Executive Director due to his ongoing work commitments effective 30 April 2021. Mr. Woodall joined the Board of Grange in March 2019 and has served on the Remuneration & Nomination Committee and the Audit & Risk Committee. The Board wishes to thank Mr. Woodall for his valued contribution to the Company over the past 2 years and wishes him well in future endeavors. Is New 90 Day High Low • Jan 20
New 90-day high: AU$0.34 The company is up 40% from its price of AU$0.24 on 22 October 2020. The Australian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 20% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: AU$0.32 The company is up 26% from its price of AU$0.25 on 07 October 2020. The Australian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 19% over the same period. Anuncio • Dec 18
Grange Resources Ltd Provides an Update on Many of the Business Initiatives and Improvements Undertaken Through 2020 Grange Resources Ltd. provided an update on many of the business initiatives and improvements that have been undertaken through 2020. Mining Production: High grade ore from the Main Ore Zone in North Pit has been delivered throughout the year. The operation has balanced the portion of the ore zone that has a higher level of serpentinite which hinders milling rates, with the high-grade magnetite rich ore. This has been blended to sustain production and yield high quality pellets. Forecast production is expected to exceed 2.5 million tonnes of concentrate in 2020 which is a notable increase from the previous year of 2.1 million tonnes. The pre-stripping of waste material from Centre Pit has continued in preparation for ore supply later in 2021. The environmental impact statement for the ultimate design has been prepared and the approval process is underway with review expected through the first quarter of 2021. Underground Prefeasibility Progress: The Exploration Decline and Bulk Sample Drive were completed in 2020. More than 2.4 kilometres of underground development and nearly 30,000 metres of diamond drill core has been collected and logged. This program has provided valuable information to support the pre-feasibility study. Designs and schedules are now being developed to assess different methods of mining. The underground study will be completed in the first half of 2021 and the results will feed into an overall enterprise optimisation to deliver an updated Life of Mine Plan. Port Latta Improvement Projects: Significant investment has been made this year in process improvements at Port Latta. A complete plant shutdown was taken in November to allow the installation, commissioning and successful operation of a new Steel Pan Conveyor. This German-engineered conveyor system is 110-metres-long and carries the hot pellets from the furnaces out of the plant for stockpiling. It carries pellets more than 600 degrees Celsius and allows them to cool more slowly, improving their strength. The guideline for installation was approximately 70 days. It was planned to be undertaken in 1 month and the team completed the commissioning within 23 days through careful planning and well managed execution. Is New 90 Day High Low • Dec 07
New 90-day high: AU$0.28 The company is up 4.0% from its price of AU$0.27 on 08 September 2020. The Australian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 10.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: AU$0.23 The company is down 10.0% from its price of AU$0.26 on 24 June 2020. The Australian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 9.0% over the same period.