Grange Resources press release
18th October 2007
GRANGE PROVIDES UPDATE ON SOUTHDOWN TRANSMISSION LINE
Following extensive consultation with Western Power, Grange Resources Limited (ASX: GRR), is pleased to announce it has determined the preferred network solution for supplying power to the proposed Southdown Magnetite (Iron Ore) Mine. Southdown is located near Wellstead 90 km north-east of the city of Albany in Western Australia.
Two options had been under consideration, with either a route via Albany in conjunction with a planned upgrade of the town's general power supply or a direct route to Southdown.
A study of the capital costs of the two options has demonstrated that supplying power directly to Southdown from Muja is the superior option. The preferred solution is therefore to supply the mine using a direct route option of a single circuit 220 kV line on lattice towers from Muja to Southdown via Kojonup and Gnowangerup. Grange has now committed to this alignment in order to remove project and community uncertainty over the route.
Grange Managing Director, Mr Geoff Wedlock, said that the preferred line solution is clearly the best option for the business going forward and another step towards implementation of the Southdown Project.
To view the full ASX Announcement please click here.
For further information, please visit the Grange website at www.grangeresources.com.au or alternatively contact Geoff Wedlock or Neil Marston on +61 8 9321 1118.
For media enquiries please contact Shane Murphy at Porter Novelli on +61 8 9386 1233 or [email protected]