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Australia's Grange Resources rallies after greenlighting Savage River underground project

By Reuters News03:51 (UTC), 14 October 2026 Updated

** Shares of Grange Resources GRR.AX rise 13.6% to A$0.125, strongest session since April 30 and hit highest in two weeks

** Iron ore pellet producer greenlits the North Pit Underground Project at its Savage River Iron Ore Pellet Operations in Tasmania

** Underground project is poised to extend the life of Savage River operations through 2035, with first ore production targeted from 2028

** Stock down 61.4% YTD as of last close

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