Grange Resources Limited (ASX:GRR) owns and operates Australia's largest integrated iron ore mining and pellet production business, focused on magnetite ore in the northwest region of Tasmania; it mines and processes magnetite at the Savage River mine, approximately 100km southwest of Burnie, producing over 2.6 million tonnes of concentrate annually, and manufactures premium quality iron ore pellets at its wholly owned pellet plant and port facility at Port Latta, 70km northwest of Burnie, with capacity exceeding 2.5 million tonnes per year; the company also holds a 100% interest in the advanced Southdown magnetite project near Albany in Western Australia, which features a planned initial production rate of 5 million tonnes of premium magnetite concentrate annually. Founded in 1985 and headquartered at 34A Alexander Street in Burnie, Tasmania, Grange supplies its pellets through a mix of spot and term contracts primarily to customers in the Asia-Pacific region and beyond, targeting steelmakers seeking high-iron, low-impurity products that support lower carbon emissions in steel production. In recent developments, the company completed a definitive feasibility study in 2024 for underground mining below North Pit at Savage River, integrating it with existing open-cut operations to extend mine life beyond 2040, advanced over 3km of underground decline development and 95m of vertical shafts before pausing project execution in December 2024 amid softer iron ore prices while pursuing long-term funding, secured up to $20 million in Australian government grant funding through the Powering the Regions Fund for decarbonisation initiatives including Savage River underground electrification and anthracite elimination at Port Latta furnaces, achieved over 600 days lost time injury free with enhanced safety systems like Hexagon collision avoidance, and produced 2.47 million tonnes of pellets in fiscal 2024 while maintaining strong cash reserves of $298 million.