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REPORT FOR THE QUARTER ENDED 30 June 2021 20 July 2021 ASX : GRR GRANGE RESOURCES REPORT FOR THE QUARTER ENDED 30 June 2021 HIGHLIGHTS • • • • • • • • The operation achieved 1560 days Lost Time Injury Free . COVID - 19 controls remain with travelling monitored closely . The Company continued to prioritise the health , safety and well - being of our workforce . Rougher magnetic separators in the concentrator upgraded after 53 years in operation , improving plant recovery . Concentrate production increased for the quarter with 677kt produced compared to 529kt for the March quarter after previous maintenance and increased head grade . Pellet sales increased for the quarter to 653kt compared with 556kt for the March quarter . Increase in average received prices for the quarter to US $ 287.15 / t ( A $ 373.72 / t ) ( FOB Port Latta ) compared with US $ 228.52 / t ( A $ 297.66 / t ) for the March quarter . Unit cash operating cost decreased for the quarter to A $ 90.16 / t compared with A $ 113.11 / t for the March quarter . Cash and liquid investments of A $ 416.40 million and trade receivables of A $ 83.16 million compared with cash and liquid investments of A $ 258.64 million and trade receivables of A $ 73.38 million for the March quarter . Outlays of approximately A $ 10.1 million have been made in the quarter on capital projects including a 992K Wheel Loader , a D10T Track Dozer and a 16M Grader . Page 1 of 5 Registered Office : 34a Alexander Street , Burnie , Tasmania 7320