BUZZ — Australia's Grange Resources rallies after greenlighting Savage River underground project

* Shares of Grange Resources rise 13.6% to A$0.125, strongest session since April 30 and hit highest in two weeks * Iron ore pellet producer greenlits the North Pit Underground Project at its Savage River Iron Ore Pellet Operations in Tasmania * Underground project is poised to extend the life of Savage River operations through 2035, with first ore production targeted from 2028 * Stock down 61.4% YTD as of last close (Reporting by Swetha Lakshmi in Bengaluru) ((Swetha.Lakshmi@thomsonreuters.com;)