Grange Resources Limited, Level 13, 221 St Georges Terrace, Perth ...

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Red Hill ProjectESTIMATED ROYALTY INCOMELife of Mine Royalty $A14,000,00012,000,00010,000,0008,000,0006,000,0004,000,0002,000,0000305,000ozs Au subject to royalty405,000ozs Au subject to royalty450 500 550 600 650 700 750Gold Price $A
Wembley Gold Project SUMMARYLocated 14 km south of the Peak Hill Gold Mine, 120 km NNE ofMeekatharra in the Peak Hill Mineral Field in WAGranted Mining Lease contains the Durack gold resource of557,000 tonnes @ 2.18g/t gold (39,000 contained ounces gold)Potential to extend known resource and locate additional depositsMineralisation occurs as steeply dipping lodes within altered volcanics100% owned by Grange Resources with Gleneagle Gold Limitedfarming in by expending $500,000 to earn 80%Grange free carried to decision to mine at which stage Grange canelect to contribute, sell or convert to a 3% gross revenue royaltyDurack deposit located 50 km from Fortnum treatment plantowned by Gleneagle
Page 1 and 2: February 2005Grange Resources Limit
Page 3 and 4: SHARE CAPITAL AT 3 rd FEBRUARY 2005
Page 5 and 6: MAJOR SHAREHOLDERS AT 31 DECEMBER 2
Page 7 and 8: Southdown Magnetite ProjectPROJECT
Page 9 and 10: Southdown Magnetite ProjectTENEMENT
Page 11 and 12: Southdown Magnetite ProjectBMR AERO
Page 13 and 14: Southdown Magnetite ProjectDRILLING
Page 15 and 16: Southdown Magnetite ProjectOPEN PIT
Page 17 and 18: Southdown Magnetite ProjectDEVELOPM
Page 19 and 20: Southdown Magnetite ProjectINFRASTR
Page 21 and 22: Southdown Magnetite ProjectINFRASTR
Page 23 and 24: Southdown Magnetite ProjectCOST EST
Page 29 and 30: Highway Open Pit MinePANORAMIC OVER
Page 31 and 32: Reward Deeps ProjectLOCATION OF ORE
Page 33 and 34: Freshwater Project - Plutonic/Marym
Page 35 and 36: Freshwater Gold ProjectSUMMARYOwned
Page 37 and 38: Freshwater ProjectPRODUCTION & ROYA
Page 39 and 40: Freshwater ProjectMINERAL RESOURCES
Page 41: Red Hill Project SUMMARYGrange has
Page 45 and 46: Abercromby Well Project SUMMARYLoca
Page 47 and 48: Horseshoe Lights ProjectLOCALITY PL
Page 49 and 50: Mount Samuel Project SUMMARYGrange
Page 51: Mount Samuel ProjectGEOLOGICAL CROS

Grange Resources Limited, Level 13, 221 St Georges Terrace, Perth ...

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