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REPORT FOR THE QUARTER ENDED 31 March 2021 27 April 2021 ASX : GRR GRANGE RESOURCES REPORT FOR THE QUARTER ENDED 31 March 2021 HIGHLIGHTS • • • The operation achieved 1475 days ( over 4 years ) Lost Time Injury Free . COVID - 19 controls remain in place with travelling and opening borders monitored closely , as the Company continued to prioritise the health , safety and well - being of our workforce . Common Equipment shutdown completed for 2021 with maintenance works across the process sites completed safely ahead of plan . Pellet production increased for the quarter with 616kt compared to 479kt for the December quarter due to the planned major shut for the steel pan conveyor installation in the previous quarter . Pellet sales decreased for the quarter to 556kt compared with 754kt for the December quarter . Increase in average received prices for the quarter to US $ 228.52 / t ( A $ 297.66 / t ) ( FOB Port Latta ) compared with US $ 174.69 / t ( A $ 236.77 / t ) for the December quarter . Unit cash operating cost increased for the quarter to A $ 113.11 / t compared with A $ 101.13 / t for the December quarter . Cash and liquid investments of A $ 258.64 million and trade receivables of A $ 73.38 million compared with cash and liquid investments of A $ 202.93 million and trade receivables of A $ 79.32 million for the December quarter . Outlays of approximately A $ 11.5 million have been made in the quarter on capital projects including an EX3600 Face Shovel and Pellet Plant improvement projects . " As this past quarter saw the anniversary of the Covid - 19 outbreak globally , I personally would like to thank every member of the Grange Team for the efforts and contributions they have made to the Company over the past year . With each and everyone's contributions was Grange able to continue to deliver the positive results that we have seen while staying safe in the current Covid - 19 environment . Safety remains our number one priority . " said CEO Mr. Honglin Zhao . " The efforts of the Team have been supported by very strong prices in the market , resulting in a strong first quarter of 2021. The Team continues to focus on optimising the life - of - mine plan at Savage River and assessing the strategic and technical studies of its open pit , underground , and Southdown projects . " Registered Office : 34a Alexander Street , Burnie , Tasmania 7320 Page 1 of 7