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Atlas Iron - Mineral Resources and Ore Reserves at 30 June 2018

Mining News - Published on Thu, 30 Aug 2018

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Atlas Iron Limited advises on its Mineral Resources and Ore Reserves as at 30 June 2018. The reported Mineral Resources and Ore Reserves at Atlas’ operating Abydos and Mt Webber mines as at 30 June 2018 reflect production depletion as a result of 9.2m wmt shipped during FY2018.

Atlas ceased mining operations at Abydos in October 2017. Atlas now only reports a Mineral Resource at Abydos for the undeveloped deposits of Sandtrax and Avalon Point. Atlas reports a modest Ore Reserve at Abydos, reflecting stockpiles of crushed material remaining at the site.

Atlas no longer reports an Ore Reserve at Wodgina, reflecting its loss of ownership of stockpiles of crushed material at the site pursuant to the exit plan agreed with Mineral Resources Limited.

Whilst there have been some changes to Atlas’ product strategy, the Mineral Resources and OreReserves for the Corunna Downs Project have not changed since 30 June 2017.

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Posted By : Rabi Wangkhem on Thu, 30 Aug 2018
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