March 2013 Quarterly Activities Report and Reserves Upgrade
Perth, April 17, 2013 AEST (ABN Newswire) - During the March 2013 quarter, Atlas Iron Limited (
ASX:AGO) announced an increase in its total Pilbara ore reserves of 21% to 499 Mt, further strengthening the company's existing operations, near term development projects and its longer-term growth strategy.
The upgraded reserve estimate, which compares to the previously published figure of 30 June 2012, includes a 21% increase at Mt Dove and a 25% rise at Abydos, where construction is currently underway. The upgrade includes a 98% increase in reserves at McPhee Creek.
To view the full quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-AGO-631889.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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