Ferraus Limited

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.

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) 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.

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) (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).

Atlas Iron Limited (ASX:AGO) is pleased to report a maiden annual profit after income tax of A$169 million for the year to June 2011.

Atlas Iron Limited (ASX:AGO) is pleased to confirm the timetable for its recommended takeover offer for FerrAus Limited ("FerrAus") (ASX:FRS) announced on 27 June 2011. Atlas will open its bid for FerrAus in the week starting 5 September 2011.

Atlas Iron Limited (ASX:AGO) and FerrAus Limited (ASX:FRS) (PINK:FRRAF) provide transaction update on share subscription and iron ore assets acquisition.

FerrAus Limited (ASX:FRS) (PINK:FRRAF) today announced that its Pilbara Projects iron ore resources have increased by 16.1 million tonnes, importantly, the result improves the Indicated Resource base by 50.4 million tonnes.

Atlas Iron Limited (ASX:AGO) and FerrAus Limited (ASX:FRS) (PINK:FRRAF) are pleased to announce that they have executed landmark agreements to further consolidate the Pilbara region, initially through a combination of the South East Pilbara iron ore assets of Atlas and FerrAus. This will create a substantial and attractive South East Pilbara focussed iron ore development and exploration company with a substantial land holding and resource inventory.