Atlas Iron North Pilbara – Near-term Production Opportunities...

Atlas Iron

North Pilbara – Near-term Production Opportunities
Corunna Downs
Miralga Creek
McPhee Creek
• 247mt @ 56.3% Fe Mineral Resource
• >10 year mine life
• ~270km from Port Hedland by
road
• Road haulage similar to Corunna Downs
• ~4 - 8mtpa
• Low capex potential
• C1 Cash Cost similar to Corunna Downs
Refer to McPhee Creek Mineral Resource at 30 June 2016 in ASX announcement dated 22 September 2016 which stated that “Atlas is continuing to investigate a trucking based infrastructure solution for its McPhee Creek project based on a similar model to its existing projects and the Corunna Downs project DFS. Should such a trucking based infrastructure solution for its McPhee Creek project be feasible, Atlas may again be able to report an Ore Reserve for its McPhee Creek project.”
• DFS complete in December •
Extension of Abydos Mine
2016
• 64mt @ 57.2% Fe Mineral Resource
• Satellite pods of enriched Cleaverville Banded Iron Formation

• 21mt @ 57.0% Fe Ore •Reserve
• Life of Mine strip ratio 0.6 : 1.0
• 5-6 year mine life
• 237km from port – road haulage
• ~4mtpa of lump and fines
• All project tenure granted
• Low capex of $47 - 53m
• C1 cash cost of $37 - 43/wmt
  Refer to Corunna Downs Ore Reserve and Mineral Resource in Reserve and Resource Update dated 29 August 2017
  Refer to Corunna Downs DFS released to ASX on 21 December 2016

Miralga Creek Mineral Resource of 4mt at 57.65% Fe and Sandtrax Mineral Resource of 1mt at 56.21% Fe
• Drilling planned for adjacent targets in June 2018 Quarter