GRANGE RESOURCES LIMITED. — Annual Report 2020

Feb 25, 2021

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Appendix 4E

Preliminary final report

Name of entity

GRANGE RESOURCES LIMITED

ABN

80 009 132 405

Details of the reporting period and the previous corresponding period

Current Reporting Period The 12 month financial year ending 31 December 2020 Comparative Reporting Period The 12 month financial year ending 31 December 2019

Results for announcement to the market

				12 months to		12 months to
			31	December 2019		31 December 2020
				$’000		$’000
Revenues from ordinary activities	Up	43%	from	368,601	to	526,324
Profit from ordinary activities after tax	Up	163%	from	77,334	to	203,186
Profit from ordinary activities after tax	Up	163%	from	77,661	to	204,179
attributable to members
Profit for the period attributable to	Up	163%	from	77,661	to	204,179
members

Dividend information

	Amount	Franked Amount
	per share (Cents)	per share (Cents)
Final dividend per share (fully franked)	2.00	2.00
Ex-dividend date
		12 March 2021
Record date
		15 March 2021
Payment date
		30 March 2021

The final dividend was declared NIL conduit foreign income. The Company does not operate a dividend or distribution reinvestment plan.

	31	December	2019	31	December	2020
Net tangible asset backing per ordinary security			$0.46			$0.62

Details of entities over which control has been gained or lost during the period

Not applicable

Details of any dividend or distribution reinvestment plans in operation and the last date for the receipt of an election notice for participation in any dividend or distribution reinvestment plan

Not applicable

Details of associates and joint venture entities

a) Details of associates

Not applicable

b) Details of material joint ventures

Name of joint venture	Ownership interest
Southdown Project unincorporated joint venture	70%
Grange ROC Property Pty Ltd.	51%

As previously announced, the Company is carrying out a strategic review of the Southdown Project under the current strong market conditions.

For foreign entities, which set of accounting standards is used in compiling the report (e.g. International Accounting Standards)

The financial report for the year ended 31 December 2020 has been prepared in accordance with Australian Accounting Standards, the Corporations Regulations 2001 and other mandatory professional reporting requirements.

A statement as to whether the report is based on accounts which have been audited or subject to review, are in the process of being audited or reviewed, or have not yet been audited or reviewed

This preliminary final report is based on accounts that have been audited by PricewaterhouseCoopers.

Additional Appendix 4E disclosure requirements can be found in the financial report for the year ended 31 December 2020.

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Michelle Li

Chairperson of the Board of Directors

Perth, Western Australia 26 February 2021