Atlas Iron Limited is exporting iron ore through the port of Port Hedland and actively exploring for Direct Shipping Ore in the Pilbara of Western Australia. With a growing number of high quality iron ore projects and one of the largest exploration landholdings in the Pilbara, the Company is defining resources and reserves capable of being mined with relatively low capital expenditure. The Company is targeting a total of 175 million tonnes to 235 million tonnes of iron ore at between 57% Fe and 60% Fe from its combined Pilbara projects.

While exporting iron ore from the Pardoo mine, Atlas is also active in feasibility assessment, new acquisitions, target generation and grass roots exploration. Ongoing project definition through acquisition, exploration and feasibility projects has delivered a strong project pipeline which the Company considers has the potential for production rates up to 12 million tonnes per annum of Direct Shipping Ore by 2012.

As the Company demonstrates its capacity to discover, assess and execute, it is well positioned to advance a number of projects concurrently with the intention to both expand the Company's production base and extend mine life.