GRANGE RESOURCES LIMITED. — Investor Presentation 2012

Feb 9, 2012

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Russell Clark

Disclaimer

February 2012

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Company Snapshot

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Grange’s position is supported by quality assets in Tasmania and Western Australia.

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February 2012

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The Southdown Project

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An Opportunity for WA

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The Southdown Project

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magnetite resource (1 b tonne potential) Targeting 10Mtpa concentrate for 40 years

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February 2012

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Southdown….like Savage, only bigger!

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February 2012

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Positive Outcomes for WA and the Great Southern

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Location Plan

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February 2012

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Pre-Feasibility Study Highlights

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The Project

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Concentrator
Pipelines
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February 2012

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Orebody

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698 Mt at 35.75% magnetite
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Orebody Potential

PFS Case Long Term Potential Western Resource Western/Eastern Resource 19 years 40 years

Details Mine Life Ore (million tonnes) 430 Concentrate (million 158 tonnes)

~1,200

~375

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Mining

Mining Method

Material Movement Equipment

Production Schedule

Waste : Ore Ratio

Mine Life

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Open pit mining Conventional bulk mining methods utilising hydraulic face shovels, dump trucks and drill and blast coupled to a Run of Mine (ROM) stockpile

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~110 Mtpa for first six years Shovel size – 650 tonnes Truck size – 220 tonnes

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Provide 78,000 tonnes per day to the primary crusher

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2.3 : 1 (tonnes) >19 years (potential for 40 years)

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February 2012

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Power and Pipelines

Estimated Length 288km Capacity 330kV transmission line

Capital Cost ~A$320 million Ongoing discussions with Status Western Power

Estimated Length 100km (1.5 metres deep) Capacity Line Volume – 18,000m[3 ] Transport Time 17 hours Capital cost ~A$200 million Return water supply to Other Southdown Mine

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February 2012

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Water Supply

Seawater reverse Source osmosis desalination plant Capacity 12GL/a Capital cost ~A$200 million Coastal location 25km from mine and pumped Location to the mine site after treatment

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February 2012

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Albany Port Infrastructure

Vessels

Activities

Area Reclaimed Capital cost

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Cape size (18m draft) Deepen; widen and extend existing shipping channel New wharf Filtration plant and storage shed 9ha Increases port capacity from 4.0Mt to 14Mt ~A$400 million

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New Berth Location
New Berth Location
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Environmental Permits

Mine Environmental permit P P Port permits Water permit

Granted November 2009, amendment required in 2011 for 10mtpa Granted November 2010

Desalination permit expected Q2 2012

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February 2012

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Timetable

	2011	2012	2013	2014	2014	2015
Pre- feasibility
Definitive Feasibility
Financing
Construction
Production

February 2012

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Summary – Southdown Project

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