Atlas Iron Limited (ASX:AGO) Diggers And Dealers Presentation August 2009
Perth, Aug 4, 2009 AEST (ABN Newswire) - Atlas Iron Limited (ASX:AGO) is pleased to be exhibiting at this year's Diggers and Dealers Mining Forum which is taking place from 3-5 August in Kalgoorlie.
The presentation at the Diggers and Dealers Mining Forum 2009 includes targeted milestones and achievements in the last 12 months from the company, such as;
Pardoo - Awarded all contracts, commenced mining and shipped first iron ore and achieved ramp up on schedule to produce 1 million tonnes of exports in year 1
Wodgina - Discovered DSO resources, completed Feasibility Study and reported reserves.
Abydos - Discovered DSO resources, completed PFS and reported reserves
Mt Webber - Discovery and initial inferred Resource of 32.6 Mt at 57.3% Fe.
Completed first ever Pilbara third party infrastructure agreement with FMG.
Completed Ridley magnetite PFS, reported reserve 970Mt at 36% Fe & 52% increase in resources to 2.01Bt at 36.5%Fe1 target concentrate production of 15Mtpa at 68.3% Fe.
Secured 6Mtpa port capacity at the Utah Berth public access port facility, Port Hedland.
Completed Talison Infrastructure Agreement, power, C&S plant, roads, water, camp etc.
Maintained 19.5% of Pilbara iron ore explorer Warwick Resources and 42.7% of Pilbara Manganese explorer Shaw River Resources.
Completed 3yr off-take agreements with 4 mid size Chinese steel mills.
Targeted Milestones for 2009/2010:
- Upgrade resources and reserves by Dec Qtr 2009
- Execute development partnership agreement for Ridley magnetite 2009
- Execute Wodgina DSO off-take 2009
- Commence operations at Wodgina Mar Qtr 2010
- Complete Pardoo DSO upgrade to 2.5Mtpa Mar Qtr 2010
- Convert FMG Rail and Port MOU to binding agreement 2010
- Complete Mt Webber DSO Project Prefeasibility Study June 2010
- Achieve mining rate of 6Mtpa Dec 2010
For the complete Atlas Iron Diggers and Dealers Presentation, please click the link below:
http://www.abnnewswire.net/media/en/docs/61199-ASX-AGO-455626.pdf
About Atlas Iron Limited
Atlas Iron Limited (ASX:AGO) is an independent Australian iron ore company, mining and exporting Direct Shipping Ore (DSO) from its operations in the Northern Pilbara region of Western Australia. Since listing on the ASX in late 2004, Atlas has grown rapidly and is now a member of the ASX100 index.
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