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Ann: Updated Resource & Reserve Statement - Savage River, page-3

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    GRANGE RESOURCES LIMITED
    Australia’s most experienced magnetite producer December 2014 Resource Reserve Statement Savage River Operations Tasmania HIGHLIGHTS


     Mineral Resources and Ore Reserves have been estimated for Grange’s Savage River magnetite deposits in Tasmania as at 31 December 2014.
     Mineral Resource increased to 390.1MT @ 47.7%DTR with updated estimation around Centre Pit.  Ore Reserves at Savage River are 100.1MT @ 51.5%DTR and reflect mine production during the year.
     The attached updated Savage River Mineral Resource & Ore Reserve has been compiled in accordance with JORC 2012
 
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