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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Grange Resources
Grange Resources (GRR) investor relations material
Grange Resources Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary27 Oct, 2026
Executive summary
Q3 delivered higher production and sales, lower unit cash operating costs, and increased cash reserves; FID for the North Pit Underground Project was made on 14 October.
The Sub-Level Cave development is expected to extend production and pellet supply continuity to 2035.
Financial highlights
Cash and liquid investments rose to A$300.41m from A$267.90m in the June quarter; trade receivables fell to A$7.82m from A$23.72m.
Growth capex expenditure was ~A$15.9m during Q3, including equipment rebuilds and furnace MCC and PLC upgrades.
Outlook and guidance
Underground development is scheduled to recommence in Q1 2027; first Sub-Level Cave ore is expected in 2028, ramping to ~4 Mtpa by 2030.
Open-pit mining is expected to be completed during 2028; Sub-Level Cave production is forecast to support pellet supply continuity to 2035.
A future Block Cave remains an option, subject to further studies, funding and a separate investment decision.
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Latest events from Grange Resources
- $552.3 million non-cash impairment drove a $541.8 million loss despite higher revenue.GRR
H1 2026 - Premium iron ore producer advancing sustainability, cost reduction, and long-life growth projects.GRRInvestor presentation
- Integrated magnetite operations deliver premium products, cost reductions, and growth potential.GRRCorporate presentation
- Profit and revenue declined year-over-year as underground mine development and decarbonisation advanced.GRRH2 2025
- Pellet sales up, prices down, and costs higher as project optimization continues amid market volatility.GRRQ2 2026 TU
- Profitable operations, strong assets, and innovation drive growth and sustainability initiatives.GRRAGM 2026 presentation
- Profit dropped sharply on weaker prices, but safety, cash, and decarbonisation progress remained strong.GRRH2 2024
- Higher production, lower costs, and strong safety, with stable prices and advancing projects.GRRQ4 2025 TU
- Higher production, lower costs, and improved pricing drove strong quarterly financial results.GRRQ3 2025 TU
Grange Resources
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Frequently asked questions
Grange Resources Limited is an Australian mining company focused on the exploration, development, and production of iron ore. The company operates the Savage River iron ore mine in Tasmania and produces high-grade magnetite concentrate and pellets, primarily supplying the steel industry. Grange Resources is involved in both mining operations and processing activities, providing raw materials used in steel manufacturing for domestic and export markets. The company is headquartered in Perth, Australia, and its shares are listed on the ASX.