** Shares of Australia's Grange Resources fall as much as 3.98% to A$0.423, logging its biggest intraday pct fall since March 13
** Stock hits its lowest level since April 19
** Stock up near 0.6% for the week so far after logging two straight weekly decline
** Iron ore miner posts concentrate production of 586 KT in March qtr vs 684 KT in previous qtr
** Says pellet sales in March qtr decreased to 565 KT vs 648 KT in Dec qtr
** Unit cash operating cost increased for qtr to A$161.70/t vs A$132.59/t for Dec qtr due to lower concentrate production - GRR
** 789,285 shares change hands as of 0302 GMT, vs 30-day average volume of 1.9 mln shares
** Stock down 5.4% YTD, as of last close
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))
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