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AISI304

04/07/19 10:55 AM

Post #40

FINRA still hasn't killed ticker from the merger. Old ATLGF should disappear in the near future.

AISI304

03/11/19 10:39 PM

Post #39

ATLGF ticker still lives as of today. Weird.

AISI304

02/25/19 8:17 PM

Post #38

Yup, ATLGF ticker has flatlined. Takeover is done.

AISI304

02/06/19 12:30 PM

Post #37

Wonder when FINRA will kill off the ATLGF ticker?

AISI304

01/15/19 9:06 AM

Post #36

Re: #35: @AISI304 - ATLGF takeover probably the reason for the flatline.

May truly be the case with ol’ ATLGF.

Have to do a bit of DD on the buyer.

Otherwise, nothing else happening.

AISI304

01/07/19 4:11 PM

Post #35

ATLGF takeover probably the reason for the flatline.

AISI304

12/23/18 2:55 PM

Post #34

ATLGF looking pretty dead for the years end.

AISI304

12/04/18 10:29 AM

Post #33

ATLGF is now inactive. Private company buyout complete.

AISI304

11/06/18 6:02 PM

Post #32

Atlas Iron issues its September 2018 Quarterly Report. Investor tems of interest follows.

GTLA

http://www.atlasiron.com.au/site/PDF/8577_1/September2018QuarterlyActivitiesReport

Summary

- 1.9M wmt shipped in the September Quarter

- C1 cash costs of A$40/wmt FOB; Full cash cost of A$64/wmt CFR

- Average realised price of A$67/wmt CFR, inclusive of hedging gains and
provisional pricing adjustments

- Net cash generated by iron ore operations of A$6.4m in the September Quarter,
after interest and financial instruments

- Cash on hand of A$51m at 30 September (30 June 2018: A$57m cash on hand)

- Hancock Offer closed on 12 October 2018, with Redstone’s voting power in Atlas
exceeding 90%

- Redstone intends to initiate compulsory acquisition to acquire all Atlas shares that
it does not already own

- If Redstone is entitled to do so, it intends to procure that Atlas is removed from the
official list of ASX

AISI304

10/17/18 10:22 AM

Post #31

ATLGF management and staff changes with the takeover. Wonder where they'll take it? PPS is static/flat right now.

http://www.atlasiron.com.au/site/PDF/8559_1/AtlasBoardandManagementchanges

GLTA

AISI304

10/01/18 4:04 PM

Post #30

FY2018 Annual Financial Report for ATLGF is out

http://bit.ly/2zB0wNO

AISI304

09/07/18 3:39 PM

Post #29

8/31/2018 Notice of Variation-of-Offer Extension of Offer Period relating to the Redstone Pty Ltd Takeover Bid for Atlas Iron Ltd.

http://www.atlasiron.com.au/site/PDF/8500_1/NoticeofVariationofOfferExtensionofofferperiod

AISI304

08/28/18 11:22 AM

Post #28

ATLGF: Hancock Prospecting takeover bid extended to 8/31/2018

http://www.atlasiron.com.au/site/PDF/8475_1/FurtherextensionofHancockOffer

AISI304

08/10/18 11:25 AM

Post #27

First lithium DSO & manganese lump shipments completed. Info released in ATLGF's June 2018 Quarterly Report (out July 12, 2018)

http://www.atlasiron.com.au/site/PDF/8411_1/June2018QuarterlyActivitiesReport

AISI304

07/18/18 9:10 AM

Post #26

Atlas Iron Ltd. Statement and Independent Expect Report

http://www.atlasiron.com.au/site/PDF/8413_1/Target39sStatementandIndependentExpert39sReport

AISI304

06/05/18 9:22 AM

Post #25

Atlas Iron Limited (ATLGF) provides revised cost guidance

http://www.atlasiron.com.au/site/PDF/8337_1/FinancialUpdate

Atlas Iron Limited (ASX: AGO) provides revised cost guidance and advises that it is likely to make
a non-cash impairment to the carrying value of its producing assets at 30 June 2018.

FY2018 Guidance

The Company remains on track to meet iron ore tonnes shipped of 9-10 mt for FY2018, albeit at
the lower end of that range. In light of the lower iron ore volumes, elevated sea freight and fuel
prices, the Company updates guidance for FY2018 as follows:

FY2018 Guidance
at August 2017
Revised FY2018
Guidance at May 2018
Iron ore tonnes shipped (m wmt) 9 – 10 9 – 10
C1 cash cost (A$/wmt FOB) 37 – 39 39 – 40
Full cash cost (A$/wmt CFR China) 54 – 58 58 – 59

Atlas expects to ship 45,000 tonnes of manganese lump by 30 June 2018.
With lithium crushing operations at Mt Dove underway, Atlas remains on track to export its first
shipment of lithium direct shipping ore in June 2018.

Impairment

The Company last reviewed impairment at 31 December 2017. In its Half Year Financial
Statements, the Company provided calculations showing that the carrying value of its assets is
particularly sensitive to assumptions around production costs and realised iron ore price.1
Consistent with these calculations, adverse movements in ongoing discounts applied to the
Company’s lower-grade iron ore coupled with elevated sea freight and fuel prices are increasing
the likelihood of an impairment at 30 June 2018.

The Company recorded an operating loss during the March 2018 Quarter. Atlas recorded an
average sale price of A$59/wmt and full cash costs of A$62/wmt for the month of April 2018 on
volume of 0.7m wmt.

If these challenging market conditions persist, a non-cash impairment charge in a $75-100 million
range is likely to be recorded in the Company’s FY2018 Financial Statements. Final impairment
will not be known until the Company’s FY2018 Financial Statements are finalised and audited in
August 2018.

An impairment charge will not affect the Company’s cash flow or compliance with debt obligations.
________________
1
See note 10 of the December 2017 Half Year Financial Statements.

Financial Update

2

Investor Enquiries:

Atlas Iron Limited
Company Secretary +61 8 6228 8000
Media Enquiries:
Read Corporate +61 8 9388 1474
Paul Armstrong +61 421 619 084

AISI304

05/15/18 10:01 AM

Post #24

Atlas offers clarification regarding unmarketable parcel share facility

http://www.atlasiron.com.au/site/PDF/8331_1/ClarificationregardingUnmarketableParcelsalefacility

Atlas Iron Limited (ASX: AGO) would like to correct inaccurate statements made in the media yesterday regarding the Unmarketable Parcel sale facility outlined in its ASX announcement of 24 April 2018.

It was reported in a press article yesterday that the facility could “see Atlas spend about $2 million buying out smaller holders”. This is not correct.

As outlined in the ASX release earlier this week, Paterson's Securities will sell on market any shares for shareholders who participate in the facility. Atlas is not buying back those shares or advancing any funds for this purpose.

Implementation of the facility is expected to save the Company several hundred thousand dollars in printing, postage and other administrative costs.

This is particularly relevant at this time in light of the increased need to communicate directly with shareholders over the coming months in relation to the proposed Scheme of Arrangement.

Investor Enquiries:

Atlas Iron Limited Company Secretary
+61 8 6228 8000

Media Enquiries:

Read Corporate
+61 8 9388 1474

Nicholas Read
+61 419 929 046

Paul Armstrong
+61 421 619 084

AISI304

03/28/18 9:40 AM

Post #23

Atlas to export manganese: part of diversification plan

http://www.atlasiron.com.au/site/PDF/8306_1/Atlastoexportmanganeseaspartofdiversificationplan

Atlas Iron Limited (ASX: AGO) is pleased to advise that it has taken another step in its strategy to diversify its product mix, finalising an agreement which will see the Company exporting manganese within the next month. Atlas has sought to capitalise on the strength of the current manganese lump market with an arrangement under which up to 100,000 tonnes of product will be mined and crushed on a campaign basis by privately-owned Horseshoe Manganese Pty Ltd and then loaded onto road trains for transport from the Murchison mine site. Atlas will purchase the manganese as it reaches the north Pilbara over a four-month period, subject to finalising port approvals and offtake arrangements. Atlas will maximise port efficiency and minimise freight charges by exporting manganese as part of split shipments from its Utah Point facilities. Atlas will load the manganese into a dedicated hold of vessels chartered for iron ore. Atlas has prepared its logistics chain to handle manganese lump at a very low capital cost and without affecting current iron ore or scheduled lithium production. Atlas Managing Director Cliff Lawrenson said that although the initial volumes are modest, the arrangement highlighted Atlas’ ability work co-operatively with other mining companies and to leverage its existing infrastructure. “This manganese opportunity compliments the strong additional cashflow we will soon be generating from our new lithium operations, again without material capital investment thanks to our existing logistics infrastructure,” Mr Lawrenson said. “As part of our product diversification strategy, we will continue to look for opportunities which allow us to utilise our existing skills base and infrastructure.”

Investor Enquiries:

Atlas Iron Limited

Company Secretary
+61 8 6228 8000

Media Enquiries:

Read Corporate
+61 8 9388 1474

Paul Armstrong
+61 421 619 084

AISI304

03/28/18 7:46 AM

Post #20

Atlas to export Pilgangoora lithium DSO to Sinosteel

http://www.atlasiron.com.au/site/PDF/8304_1/AtlastoexportPilgangooralithiumDSOtoSinosteel

Atlas Iron Limited (ASX: AGO) is pleased to advise that it has signed an agreement with Sinosteel Australia Pty Ltd for the export of lithium direct shipping ore (DSO) sourced from the Pilgangoora Lithium Project owned by Pilbara Minerals Limited (ASX: PLS). Atlas will sell up to 1.5 million tonnes of lithium DSO to Sinosteel over a 15-month period on a fixed priced basis. As part of the arrangement, Sinosteel will advance funds to cover prepayments due to Pilbara Minerals for DSO mine development costs. Pilbara Minerals has commenced an expedited mining program for the lithium DSO. Atlas will process and transport the ore using its existing infrastructure, including its Mt Dove crushing hub and Utah Point facilities (see announcement dated 19 December 2017 for further details). Atlas will prepare its logistics chain to handle lithium DSO at a very low capital cost and without affecting current iron ore production. After allowing for payments to Pilbara Minerals and its own costs, Atlas expects to generate an operating margin of $15-20 per tonne. Atlas is on track to satisfy remaining conditions precedent in coming weeks to allow first exports to commence in the June 2018 Quarter.

Investor Enquiries:

Atlas Iron Limited

Company Secretary
+61 8 6228 8000

Media Enquiries:

Read Corporate
+61 8 9388 1474

Paul Armstrong
+61 421 619084

AISI304

02/15/18 1:18 PM

Post #19

Atlas Iron Ltd (ATLGF) repays A$20m in debt

http://www.atlasiron.com.au/site/PDF/8293_1/AtlasrepaysA20mindebt

Atlas Iron Limited (ASX: AGO) advises that it is set to take another key step in the strategy to reposition
its business by repaying a further A$20 million of its debt. Atlas’ lenders have also agreed
to ease loan covenants, including reducing the minimum cash balance requirement at the end of
each month from A$35 million to A$15 million.

Atlas Managing Director Cliff Lawrenson said the decision to reduce the debt was in line with the
Company’s strategy to re-position the business and the strong Australian dollar made the timing
opportune.

“Following this A$20 million repayment, we will have reduced our debt from more than A$180
million in June 2016 to less than A$85 million – cutting our interest cost by about A$8 million a
year,” Mr Lawrenson said.

“After evaluating other financing alternatives, we concluded that a staged repayment of the Term
Loan is the best option for the Company to preserve liquidity while strengthening our balance
sheet. We will continue to evaluate financing alternatives on an ongoing basis.

“A stronger balance sheet will allow us to face volatility in the iron ore market with increased
confidence.

“The decision reflects our commitment to re-position the business by reducing debt, growing our
existing iron ore business through Utah Point and diversification beyond iron ore.
“We are also pleased that our lenders have demonstrated strong support for the business by
reducing our minimum cash requirement

AISI304

01/18/18 10:49 AM

Post #18

Atlas Iron (ATLGF): Foster Stockbroking Talking Point Paper

www.fostock.com.au/LiteratureRetrieve.aspx?ID=236741

Monetising infrastructure with PLS DSO agreement

Event:

* DSO agreement with Pilbara Minerals (PLS); revised assumptions.

Analysis:

* DSO agreement reached with Pilbara Minerals (PLS): AGO will purchase
a minimum of 1Mt of 1.5% lithium DSO from Pilbara Minerals, and up to
1.5Mt over the next fifteen months.

* Monetising AGO’s existing infrastructure: AGO will purchase the ore at
PLS’ Pilgangorora mine gate, and crush the ore at Mt Dove, transport and
load to ship for export using its existing capacity at Utah Point.

* $30M EBITDA contribution from Lithium DSO opportunity: AGO expect
an operating margin of A$15-20/t lithium DSO. We have assumed 1.5Mt
of DSO from April 2018e, and a price of US$120/t for Li 1.5% DSO.

* Altura Mining (AJM) royalties to bolster cash flow in FY19e: 5% gross
sales royalty to AGO from AJM’s Pilgangoora production expected to
generate ~$5M cash per year from FY18e onwards. We estimate ~A$50M
value from the royalty stream.

* Delivering on growth options, preview of further deals to come: as
previously flagged, AGO was keen to monetise its existing infrastructure,
and in particular its crushing, transport, and port capacity. We are now
seeing the first fruits of that revenue diversification pivot. AGO continue
to work on deals for ~2.5Mtpa remaining Utah Point capacity.

* Additional cash likely to allow for continued headway into debt
reduction. Term Loan B was A$103M at 30 September, while cash was
A$114M. Proceeds from AJM royalty stream likely to be applied to debt.

* Growth options: the company continue to consider future iron ore
opportunities including bespoke low alumina iron ore product, Corunna
Downs development, DSO from Davidson Creek Hub and Miralga Creek,
and magnetite from the Ridley Project. Outside of iron ore, the company
has flagged further lithium (Pancho, Cisco JV) and gold opportunities.

Earnings and Valuation:

* We now forecast FY18e and FY19e EBITDA of $98M and $93M (previously
$108M and $78M).

* We have an unchanged valuation of $0.04 based on our DCF valuation.
The inclusion of lithium DSO, AJM royalties, and updated iron ore
forecasts was offset by updated currency forecasts and persistent iron ore
discounts. We view AGO as a leveraged opportunity for a constructive
view of underlying commodity prices, with increased revenue
diversification from lithium DSO and monetising existing infrastructure.

Recommendation:

* We maintain a Buy recommendation on AGO with an unchanged price
target of $0.04, in line with our DCF valuation. Revenue diversification
through mining services is a welcome addition to the portfolio. We see
positive catalysts for the stock include 1) further lithium DSO agreements;
2) updates on Corunna Downs development; 3) further debt reduction; 4)
development updates on further growth opportunities in iron ore and
other commodities.

AISI304

01/18/18 10:37 AM

Post #17

Pilbara Enters Mine Gate Sale Agreement with Atlas_Iron to Supply Direct Shipping Ore from Pilgangoora

http://www.pilbaraminerals.com.au/site/PDF/2070_0/PilbaraSignsDSOMineGateSaleAgreement

Arrangement set to deliver near-term revenue and cash-flow during the ramp-up phase of the main
Pilgangoora Stage 1 Project, with DSO sales to Atlas scheduled to commence from March 2018

• Mine Gate Sale Agreement finalised with Pilbara iron ore miner Atlas Iron (ASX: AGO [US: ATLGF) encompasses
proposed sale of a minimum 1.0Mt of run-of-mine lithium-tantalum ore from the Pilgangoora Project.
• Atlas will utilise its existing processing infrastructure and logistics chain in the Pilbara to crush the ROM
material and supply it as Direct Shipping Ore (DSO) to the final customer.
• MoU executed with Sinosteel Australia Pty Ltd contemplates offtake for up to 1.5Mt under an agreement
to be entered into between Atlas and Sinosteel.
• Mine gate sale pricing is underpinned by an attractive US$ fixed base price per wet metric tonne to
Pilbara, subject to adjustments in respect of material specifications and final shipping costs.
• A USD$3M prepayment facility (“Mine Gate Commitment”) is a pre-condition to the commencement of
DSO sales to Atlas.
• The innovative arrangement, which is targeted to commence in March 2018, will allow Pilbara to
generate upfront revenue and operating cash-flow while it commences the commissioning and ramp-up
of the Pilgangoora Stage 1 Project in Q2 next year, with concentrate exports to follow shortly thereafter.

AISI304

01/18/18 10:32 AM

Post #16

Atlas strikes lithium DSO agreement with Pilbara Minerals

http://www.atlasiron.com.au/site/PDF/8266_1/AtlasstrikeslithiumDSOagreementwithPilbaraMinerals

Highlights

• Atlas to purchase 1mt - 1.5mt of lithium DSO from Pilbara Minerals over 15 months
• Pilbara will mine the ore at its Pilgangoora Project with Atlas taking ownership of the ore at the mine gate
• Atlas will process and transport the ore using its existing infrastructure, including its Mt Dove crusher and Utah Point port facilities
• First export sales scheduled for June 2018 Quarter
• Deal stands to deliver Atlas an operating margin of $15-20/t based on current market prices
• Agreement reflects Atlas’ strategy to diversify its revenue sources
• Further lithium opportunities under consideration
• Royalty payments to Atlas from mining at Altura’s Pilgangoora Project likely to start in 2018

AISI304

01/18/18 10:28 AM

Post #15

ATLGF: 2017 Annual General Meeting: Chairman’s Address

http://www.atlasiron.com.au/site/PDF/8233_1/Chairman39sAddresstoShareholders

Atlas navigated its way through these somewhat choppy waters to continue its remarkable financial turnaround. Your Company posted a net profit after tax of $48 million compared with the $159 million loss of a year earlier.

The extent of the Company’s vastly improved performance was highlighted by the increase in net
operating cash flow, which rose to $154 million from $31 million the previous year. This strong result enabled Atlas to cut its loan by $79 million to $103 million. It also finished the
year with $81 million cash on hand and a further $20 million in the reserve account.

Atlas’ stronger balance sheet and increased cash flow saw both Standard and Poor’s and Moody’s
upgrade their credit ratings on the Company during the year.

AISI304

10/25/17 8:35 AM

Post #14

News: ATLGF September 2017 Qtrly Report out 10/20/17

http://www.atlasiron.com.au/site/PDF/8229_1/September2017QuarterlyActivitiesReport

AISI304

09/06/17 9:09 PM

Post #13

Atlas launched like a rocket this afternoon. Impressive.

AISI304

08/05/17 11:30 PM

Post #12

ATLGF issues its June 2017 Quarterly Activities Report

"Atlas caps strong year with $9m net cash generated from operations in June 2017 Quarter"

http://www.atlasiron.com.au/site/PDF/8162_1/June2017QuarterlyActivitiesReport

AISI304

06/28/17 12:42 PM

Post #11

Atlas ups production; FY18 production guidance 9-10mt

http://www.atlasiron.com.au/irm/PDF/8064_0/AtlasincreaseslowcapexproductionanddefersCorunnaDowns

Key Points:
* Mt Webber production rate increased from 7mtpa to 9mtpa (wmt)
* Production increase achieved for low capex of $1 Million
* Corunna Downs development deferred
* Atlas' FY18 production guidance remains at 9-10mt (wmt)

AISI304

05/18/17 8:36 AM

Post #10

Pilbara Minerals to Farm into Atlas Lithium Asset

http://www.atlasiron.com.au/irm/PDF/8022_0/PilbaraMineralstofarmintoAtlaslithiumasset

HIGHLIGHTS

• Pilbara to farm into Atlas’ Cisco lithium prospect; Atlas free-carried to a decision to mine.

• Atlas and Pilbara outline key terms for Atlas to provide haulage, crushing and port services for direct shipping ore from Pilbara’s Pilgangoora lithium project

Atlas Iron Limited (ASX: AGO) is pleased to advise that it will partner with Pilbara Minerals Limited in relation to two lithium projects in the Pilbara region of Western Australia. Pilbara has agreed to acquire and farm into Atlas’ Cisco lithium prospect, where sampling has identified lithium enrichment at grades which are in line with Pilbara’s flagship Pilgangoora lithium project.

Atlas and Pilbara have also entered into a memorandum of understanding setting out terms for Atlas to provide logistics services to a direct shipping ore phase of Pilbara’s Pilgangoora lithium project. Atlas retains ownership of other lithium prospects in the region.

Atlas Managing Director Cliff Lawrenson said the agreements would diversify Atlas’ business for minimal capital outlay. “This agreement gives Atlas the opportunity to realise the value of Cisco using Pilbara’s lithium expertise and investment, and a farm-in model which frees Atlas of any expense until a decision to mine,” Mr Lawrenson said. “At the same time, we can generate additional revenue by providing a logistics service to Pilbara which leverages our existing operations and skills, developed over a decade of work in the Pilbara region.”

Cisco Farm-in and Joint Venture Agreement

The Atlas-owned exploration licence (E45/4270) sits in a zone of known lithium deposits. The area has been explored for tantalum and tin by its previous holder. Atlas re-analysed this data to identify the Cisco lithium prospect ~20km south-west of Wodgina.

Key terms of Cisco Farm-in and Joint Venture Agreement:

• Pilbara to purchase a 51% interest in E45/4270 for $2.3m (cash or shares issued at 95% of the 5-day volume weighted average price at PLS election)

• Pilbara may then spend a further $1M on exploration in the first year to increase its interest to 70%.

• Pilbara will free-carry Atlas to completion of a definitive feasibility study and progress the project to a decision to mine to increase its interest to 80%. At this point, Atlas must either fund its share of expenses or dilute. Atlas may elect to exchange its participating interest in the joint venture for a 2% gross sales royalty.

Logistics services

Pilbara has completed a definitive feasibility study for a long-life lithium project at the Pilgangoora site, ~30km east of Atlas’ Wodgina mine. Pilbara has advised the market that it aims to commission Pilgangoora by the end of this year, with production scheduled to ramp up during 2018.

Pilbara has also announced that it is investigating the opportunity to export 1.9 mt of direct shipping spodumene ore as early as July 2017 via an offtake agreement with a Chinese lithium carbonate producer (see Pilbara ASX announcement dated 31 January 2017). The offtake agreement between Pilbara and its customer remains subject to a number of conditions precedent including Australian and Chinese regulatory approvals and a final investment decision from the Pilbara board.

Atlas and Pilbara have entered into a non-binding memorandum of understanding (MOU) setting out the key terms on which Atlas proposes to assist Pilbara to export direct shipping spodumene ore. Atlas plans to leverage its existing logistics chain to provide haulage, crushing and port services to Pilbara. The parties intend to negotiate formal binding documentation which would remain subject to conditions including board and regulatory approvals, and Pilbara’s offtake agreement becoming unconditional.

AISI304

04/19/17 8:45 AM

Post #9

Q1 2017 (Jan-Mar) Financials released 4/18/2017

"Strong Cashflow takes Cash-on-Hand to A$108M"

http://www.atlasiron.com.au/irm/PDF/8026_0/March2017QuarterlyActivitiesReport

AISI304

03/22/17 9:22 AM

Post #8

Atlas Makes Strong Return to Profit as Production increases and Costs fall

Half Year Results - Half Yearly Accounts and Appendix 4D

http://www.atlasiron.com.au/irm/PDF/8012_0/Ha...Appendix4D

AISI304

02/16/17 12:28 PM

Post #7

Moodys Upgrades Atlas Iron's Credit Rating to "B3" - 2/3/17

http://www.atlasiron.com.au/irm/PDF/8005_0/MoodysupgradesAtlascreditratingtoB3

AISI304

02/14/17 10:14 AM

Post #6

ATLGF forecast for 2017 & ratings look promising.

https://markets.ft.com/data/equities/tearsheet/forecasts?s=AGO:ASX

AISI304

02/08/17 9:25 AM

Post #5

Atlas Iron Surges on Better Looking Books 1/6/17

https://thewest.com.au/business/mining/atlas-iron-sees-light-at-the-end-of-the-tunnel-ng-

Stuart McKinnon - Friday, January 06, 2017 12:22AM

Shares in resurgent iron ore miner Atlas Iron were up sharply today after the company announced yesterday it expected its bank balance to exceed its debts by the middle of this year, after making a repaying of $54 million. Yesterday’s announcement, which was made after market close, sent shares in the miner up 0.4 cents, or 14.82 per cent, to 3.1 cents by the close after the stock hit an intraday high of 3.3 cents, its highest since March last year.

Atlas said yesterday it ended the December quarter with $134 million cash on hand, up from $95 million at the end of September. However, under cash sweep requirements from its lenders, any cash on hand at the end of each quarter in excess of $80 million must be repaid. The repayment of $54 million reduces the company’s US term loan debt to $118 million, down from $180 million in May last year following its forced restructure.

“The significant increase in cash came after making principal and interest payments of $20 million during the December 2016 quarter and $3 million in repayments to the WA Government in relation to the royalty relief program,” the company said in a statement after the market close.
Atlas’ turnaround is mainly attributable to a big rebound in the price of iron ore last year. Iron ore soared 81 per cent in 2016, hitting a two-year high of $US83.59 a tonne on December 12. It was trading at $US77.25 a tonne yesterday.

The company said it was well-positioned to continue its strong performance in the March quarter because of hedging contracts in place that protected it against downside in the spot iron ore price.
Interim managing director Daniel Harris said the company had enjoyed a remarkable financial turnaround from its position prior to the restructure early last year.

“Atlas is now on track to be in a net cash position by the middle of this year,” he said. “This markedly stronger balance sheet will help make Atlas more resilient and better-placed to capitalise on its opportunities, including the development of the Corunna Downs project.” The company said it would release its December quarter report later this month.

Atlas Iron’s new managing director Cliff Lawrenson will start at the company this month.

And in other positive news for the company, its new managing director and chief executive, former FerrAus boss, Cliff Lawrenson is expected to start on Monday, January 16, instead of Wednesday, February 1, as previously advised. With Mr Lawrenson joining the board, Tony Walsh will resign as a director but remain as the company secretary.

AISI304

02/08/17 9:19 AM

Post #4

Latest News - December 2016 Quarterly Report

http://www.atlasiron.com.au/irm/PDF/7995_0/AtlasDecember2016QuarterlyActivitiesReport

Highlights

? Net operating cashflow of A$56M after interest, contractor profit share and
realised hedge impact

? 4.0M WMT shipped in the December 2016 Quarter (Sept 2016 Qtr: 4.1M WMT)

? Average realised price (inclusive of low-grade Value Fines product and
realised hedge impacts) of A$66/WMT CFR (Sept 2016 Qtr: A$54/WMT CFR)

? C1 Operating Costs of A$34/WMT FOB (Sept 2016 Qtr: A$34/WMT FOB)

? Full Cash Costs of A$55/WMT CFR (Sept 2016 Qtr: A$50/WMT CFR) following
increase in freight rates and other revenue-based payments

? A$54M of debt repaid in January 2017, reducing Term Loan B debt to A$118M
after foreign exchange impact (30 Sept 2016: A$177M), in addition to A$19M
of interest & principal repaid during the December 2016 Quarter

? Cash on hand at 31 December 2016 of A$134M pre the A$54M debt repayment
(30 Sept 2016: A$95M)

? In January 2017, S&P Ratings Services upgraded its corporate and senior
secured credit ratings on Atlas to “B-” from “CCC”

AISI304

02/08/17 9:17 AM

Post #3

Atlas Iron - The Pilbara's Emerging Powerhouse

http://www.atlasiron.com.au/irm/content/welcome.aspx?RID=355&RedirectCount=1

Atlas 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 into a mid-sized iron ore mining and exploration company.

Atlas is proud of its reputation as an ethical company with a dynamic, can-do attitude. In every situation, from large corporate negotiations to face-to-face dealings with the local community, the Company strives to achieve outcomes which benefit all parties.

In order to achieve this Atlas has a set of core values by which all employees are encouraged to operate. These values form a guiding philosophy for the Company, and they are an integral part of the corporate culture: part of what makes Atlas Iron a great Australian company.
Atlas Vision

To build a truly great Australian company that is a fantastic place to work, makes the world a better place and delivers outstanding returns for shareholders. A company our families are all proud of.

AISI304

02/08/17 9:15 AM

Post #2

Atlas Iron's Tentative Turnaround - Financial TImes 1/15/17

http://www.afr.com/business/mining/iron-ore/atlas-irons-tentative-turnaround-20170113-gtrbl4

Atlas is an independent Australian iron ore company, mining and exporting Direct Shipping Ore from its operations in the Northern Pilbara region of Western Australia.

"That Atlas Iron could be in a net cash position within a few months is staggering."

"Most of it comes down to the gradual recovery in the iron ore price to about $US80 a tonne and the impact that price has on Atlas' profitability and restructured balance sheet."

"Making cash - Atlas' first market announcement in 2017 reflected its newfound position well. The junior said its cash on hand increased by $39 million to $134 million during the December quarter."

Renee

07/11/12 4:33 PM

Post #1

Atlas Gold LTD, ATLGF changed to Atlas Iron Ltd., ATLGF.

http://www.otcbb.com/asp/dailylist_detail.asp?d=07/11/2012&mkt_ctg=NON-OTCBB

Atlas Iron Ltd . (ATLGF)

Followers	1	Posters	2
Posts (Today)	0	Posts (Total)	40
Created	06/09/11	Type	Free
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Registered & Principal Office:
Level 18, Raine Square
300 Murray Street
Perth WA 6000

Postal Address:
PO Box 7071
Cloisters Square PO WA 6850

Tel: +61 (0) 8 6228 8000

Fax: +61 (0) 8 6228 8999

Email: atlas@atlasiron.com.au

Internet: http://www.atlasiron.com.au/IRM/content/default.aspx

Twitter: https://twitter.com/Atlas_Iron

Investor Relations

If you have an investor relations enquiry, please direct it to: investor.relations@atlasiron.com.au

Atlas is an independent Australian iron ore company, mining and exporting Direct Shipping Ore from its operations in Australia's Northern Pilbara region. Since listing on the ASX in late 2004, Atlas has grown into a mid-sized iron ore mining and exploration company.

Our strategy

Atlas’ purpose is to deliver mineral products that create value for its shareholders, employees, customers and the communities in which the Company operates. Atlas’ strategy is to bolster a sustainable production platform that delivers a reliable return to its shareholders. Consistent with this strategy, Atlas seeks to: • Strengthen its balance sheet through continued debt reduction; • Develop its Pilbara mines to maintain production levels consistent with Atlas’ position in the market; and • Maximize the margin generated by the business through continued focus on cost reduction and revenue enhancing opportunities.

Our performance

Whilst Atlas has had a challenging year with respect to its debt restructure and a continued volatile iron ore market (particularly in the 1st half of FY2016), there have been significant operational achievements focussed on maximising value:

• 25% reduction in C1 cash costs
• Increased proportion of higher value lump product sales as a result of the Mt Webber plant conversion
• Record Shipped tonnes of 14.5Mt
• Successful debt restructure. The Company has continued to reduce production costs, with the C1 cash cost of production reduced by 25% from $45.74/WMT in FY2015 to $34.39/WMT in FY2016.
• Mt Webber mine was successfully restarted (first processing commencing in the first quarter of FY2016) after suspension of operations in late FY2015 with capital works on the process plant (to enable Lump production) also successfully completed on budget and on time by December 2015.

Atlas Iron Limited (ASX: AGO, USA: ATLGF) is pleased to report on what has been an outstanding December 2016 Quarter underpinned by strong margins and production, resulting in substantial debt reduction. Atlas Managing Director Cliff Lawrenson said the result placed Atlas in a significantly stronger position. “Atlas capitalised on higher iron ore prices by shipping 4Mt for the period and keeping C1 costs steady,” Mr Lawrenson said. “This performance resulted in strong cashflow, which in turn enabled Atlas to strengthen its balance sheet by making a A$54M debt repayment in early January 2017. “Atlas is well-positioned to continue this performance in the March 2017 Quarter due to hedging contracts in place for many of this quarter’s shipments at prices equivalent to those realised in the December 2016 Quarter. “In light of this strong outlook, Atlas is now on track to be in a net cash position by the middle of this year.”

News out: January 24, 2017 Update: Atlas December 2016 Quarterly Activities Report

http://www.atlasiron.com.au/irm/PDF/7995_0/AtlasDecember2016QuarterlyActivitiesReport

Atlas Iron Limited - Annual Report 2016

http://www.atlasiron.com.au/irm/company/showpage.aspx/PDFs/5939-84119425/AnnualReport2016

Highlights

• Net operating cashflow of A$56M after interest, contractor profit share and realised hedge impact
• 4.0M WMT shipped in the December 2016 Quarter (Sept 2016 Qtr: 4.1M WMT)
• Average realised price (inclusive of low-grade Value Fines product and realised hedge impacts) of A$66/WMT CFR (Sept 2016 Qtr: A$54/WMT CFR)
• Operating Costs of A$34/WMT FOB (Sept 2016 Qtr: A$34/WMT FOB)
• Full Cash Costs of A$55/WMT CFR (Sept 2016 Qtr: A$50/WMT CFR) following increase in freight rates and other revenue-based payments
• A$54M of debt repaid in January 2017, reducing Term Loan B debt to A$118M after foreign exchange impact (30 Sept 2016: A$177M), in addition to A$19M of interest & principal repaid during the December 2016 Quarter
• Cash on hand at 31 December 2016 of A$134M pre the A$54M debt repayment (30 Sept 2016: A$95M)
• In January 2017, S&P Ratings Services upgraded its corporate and senior secured credit ratings on Atlas to “B-” from “CCC”

Shareholder Services

Atlas Iron's shares register is managed by Computershare Investor Services Pty Ltd. To learn about security holding accounts for Atlas Iron or to update your own security holding details, please visit: www.investorcentre.com

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