Atlas Iron Limited

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Atlas Iron Limited Company Summary

Atlas Iron Limited (ASX:AGO) is mining and exporting from its 100%-owned Pardoo and Wodgina Iron Ore projects, located 75 kilometres and 110km by road from Port Hedland in the Pilbara region of Western Australia. In the 2009/10 financial year Atlas shipped over 1.2 million tonnes of Pardoo Direct Shipping Ore (DSO). Atlas is expanding its production from its Wodgina and Pardoo DSO mines following the commissioning of the Utah Point port facility and is targeting exports at an annualised rate of 6 million tonnes by the end of 2010. When combined with additional export tonnages from its Abydos & Mt Webber DSO Projects, the Company is targeting exports at an annualised rate of 12 million tonnes during 2012.

DIRECTORS / OFFICERS

David Flanagan B.Sc, MAusIMM Managing Director Mr Flanagan is a geologist with extensive experience in mining operations, exploration and project development in Western Australia, Indonesia and West Africa. Graduating in 1993, David joined Resource Service Group (RSG) in 1995 after working for Normandy at the Fimiston Open Pit Operations. Whilst with RSG he was seconded to Gencor's Bogosu operation as Chief Exploration Geologist and under his leadership the exploration team discovered and developed the Chujah deposits Dr David Smith PhD, B.Sc (Hons) Non-Executive Director Dr David Smith was appointed as an independent non-executive Director of Atlas Iron Limited on 6 November 2009. Dave had a career at Rio Tinto spanning 30 years and was until recently Managing Director and President of Rio Tinto’s Simandou iron ore operations in Guinea. Prior to that role Dave was Managing Director of Rio Tinto’s Pilbara Iron unit from 2004 to 2008, responsible for all Rio Tinto’s operations in the Pilbara, and Managing Director of Hamersley Iron from 2001 to 2004. Dave has served as President of the Chamber of Minerals and Energy of Western Australia (2005 to 2008), a Councillor of the Australia Business Arts Foundation (2003 to 2008) and as Chairman of the Board of the National Skills Shortages Strategy working group (2006). Dave holds a PhD in Metallurgy from the University of New South Wales, Australia and a Bachelor of Science (Hons) in Metallurgy from the University of New South Wales, Australia. David Hannon B.Ec Non-Executive Director Mr Hannon commenced his commercial career as a stockbroker in 1985 working with several firms including Jackson Securities and BT Securities. He later became a joint partner of a private investment bank specialising in venture capital with a focus on the mining sector. In 2001 David became a director of PSG Afro Pacific Limited, a subsidiary of a listed South African Bank which further concentrated on the mining sector. Since leaving PSGAPL David has operated a private investment bank, Chifley Investor Group Pty Limited and over the last decade has been a director of many private investment companies specialising in venture capital, property investments and public company investments. Jyn Sim Baker LLB, CLP, ICSA, MACID Non-Executive Director Ms Baker was appointed 13 November 2006. She is Group Chief Executive Officer of IMC Group's wholly owned IMC Resources Group, which is the major shareholder of Atlas Iron Limited. Jyn has more than 20 years experience in the resources and energy sector including law, project finance banking, mergers and acquisitions and more recently as Managing Director of Midwest Corporation. Jyn is currently a director of Horizon Oil Limited, Kairiki Energy Limited and LinQ Capital Limited and a former director of Midwest Corporation Limited and View Resources Limited.

ANNUAL REPORT

PRESENTATIONS

COMPANY DATA

	Headquarters	Level 9, Alluvion, 58 Mounts Bay Road
		Perth WA 6000
		Postal Address: PO Box 7071
		Cloisters Square PO WA 6850
	Telephone	+61-8-9476-7900
	Fax	+61-8-9476-7988
	Principal Sector	Materials
	Principal Industry	Mining & Metals
	Listed	2004/12/17
	Homepage	www.atlasiron.com.au

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Key Developments: Atlas Iron Limited

	Atlas Iron Limited (ASX:AGO) Atlas December 2011 Quarterly Activities Report JAN 25, 2012 08:25 - Article Views: 436 The sales of two of Atlas' magnetite projects have been agreed, completion of 60,000 metres of drilling, continued the Wodgina expansion project and advanced delivery of the Abydos and Mt Dove DSO projects
	Atlas Iron Limited (ASX:AGO) Agrees to Sell Yerecoin Magnetite Project for A$18 Million DEC 28, 2011 08:28 - Article Views: 672 Atlas Iron Limited (ASX:AGO) is pleased to announce that it has agreed to sell its Yerecoin magnetite project to Cliffs Natural Resources (Cliffs) for A$18 million cash, with the full amount payable when the deal is completed, being on or before 31 January 2012.
	Atlas Iron Limited (ASX:AGO) Agrees to Sell Balla Balla Magnetite Project to Forge (ASX:FRG) for A$40 Million DEC 16, 2011 09:43 - Article Views: 737 Atlas Iron Limited (ASX:AGO) is pleased to announce that it has entered into an agreement to sell its Balla Balla magnetite project to Forge Resources Limited (ASX:FRG) for A$40 million.
	Atlas Iron Limited (ASX:AGO) Acquires North Pilbara Direct Shipping Ore Exploration Project NOV 16, 2011 08:27 - Article Views: 839 Atlas Iron Limited (ASX:AGO) is pleased to announce that it has entered into an agreement to acquire a 90% interest in the Corunna Downs DSO Project in the North Pilbara from Gondwana Resources Limited (ASX:GDA) for A$2.1 million in cash, paid in three tranches. The agreement is in the form of a staged 12- month exploration option for 100% of Gondwana's interest in the project. Corunna Downs is located approximately halfway between Atlas' Mt Webber and McPhee Creek DSO Projects in the North Pilbara region.
	Atlas Iron Limited (ASX:AGO) Appoints Jeff Dowling as Independent Non-Executive Director NOV 9, 2011 09:13 - Article Views: 716 Atlas Iron Limited (ASX:AGO) is pleased to announce that it has strengthened its Board with the appointment of former Ernst & Young Perth managing partner, Mr. Jeff Dowling as an independent non-executive Director.
	Atlas Iron Limited (ASX:AGO) Reaches 97.73% Interest In Ferraus (ASX:FRS) And Intends To Commence Compulsory Acquisition OCT 6, 2011 10:38 - Article Views: 1,012 Please be advised that as of the Offer Close Date at 5.00pm AWST on Wednesday, 5 October 2011, Atlas Iron Limited (ASX:AGO) has received acceptances for its off-market takeover bid for FerrAus (ASX:FRS) which entitles Atlas to a relevant interest in 97.73% of FerrAus ordinary shares.
	Atlas Iron Limited (ASX:AGO) Off-Market Takeover Bid for FerrAus Limited (ASX:FRS) Acceptances at 20 Sept 2011 SEP 21, 2011 09:15 - Article Views: 950 As of 5.00pm AWST, Tuesday, 20 September 2011, Atlas Iron Limited (ASX:AGO) has received acceptances for its off-market takeover bid for FerrAus Limited (ASX:FRS) which entitles Atlas to a relevant interest in 94.95%of FerrAus ordinary shares.
	Atlas Iron Limited (ASX:AGO) Declares FerrAus (ASX:FRS) Takeover Offer Unconditional and Confirms Accelerated Payment Terms SEP 8, 2011 09:59 - Article Views: 1,375 Atlas Iron Limited (ASX:AGO) has today declared its recommended off-market takeover offer ("Recommended Offer") for all of the fully paid ordinary shares in FerrAus Limited (ASX:FRS) free of all defeating conditions.
	Ferraus Limited (ASX:FRS) Updates on Atlas Iron (ASX:AGO) Takeover Offer AUG 29, 2011 15:38 - Article Views: 1,043 On 27 June 2011, Atlas Iron Limited (ASX:AGO) announced its intention to make a Takeover Offer for FerrAus Limited (ASX:FRS) (PINK:FRRAF). The Takeover Offer is set to open on Monday, 5 September 2011.
	Ferraus Limited (ASX:FRS) Announce Completion of Subscription and Iron Ore Asset Acquisition AUG 29, 2011 12:11 - Article Views: 692 FerrAus Limited (ASX:FRS) (PINK:FRRAF) is pleased to advise that at a General Meeting of the company held earlier today, shareholder approval was obtained for: (a) the issue by FerrAus to Atlas Iron Limited (ASX:AGO) of approximately 37.4 million FerrAus ordinary shares at an issue price of A$0.65 per share to raise A$24.3 million, pursuant to a subscription agreement (Subscription); and (b) the purchase of South East Pilbara iron ore assets by FerrAus from Atlas in consideration for approximately 121.8 million FerrAus ordinary shares at a deemed issue price of A$0.65 per share, pursuant to an asset sale agreement (Iron Ore Assets Acquisition).

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