Atlas iron’s high grade iron ore is making it more attractive miner to the overseas chinese companies
AGO
$2.020
Goldman sachs , JB where , Wilson securities , hartleys limited all of them have a strong buy rating on his stock and i dont see why , this stock is a hidden gem among the big miners with its strong grade iron ore resources with port facilities within its reach.
Go to ATLAS IRON WEBSITE HERE
Atlas Iron Limited – Iron ore – The Pilbara’s Emerging Powerhouse
Atlas Iron Limited (AGO) is a dynamic iron ore producer, with a number of key projects strategically located within150km of the port of Port Hedland in …
www.atlasiron.com.au/
Company Overview
AGO is an exploration company with four projects in varying stages of exploration at Farrel Well, Pardoo, Abydos, Mt Gould and Weld Range, in Western Australia. These projects are believed to be highly prospective for iron ore and base metal mineralisation. AGO focuses primarily on discovering and developing iron ore projects. AGO’s Pardoo and Abydos projects in the Pilbara region have significant deposits of Direct Shipping Ore (DSO).
AGO Company History
AGO was listed on the ASX in December 2004. Its head office is situated in West Perth.
Differentiating Factor
AGO’s strategy is of rigorous geologically focused exploration with a major drilling component. Also, the company owns 100% of all the project sites, therefore providing shareholders with maximum benefit from any discovery.
Major Customers & Competitors
Major competitors in the gold industry include Oceana Gold, Sino Gold and Newcrest Mining. Customers include banks, governments and international gold brokers.
HIGHLIGHTS
>65% INCREASE IN DSO RESOURCES TO 94.9MT AT 56.5% FE SINCE JAN 2009
>70% INCREASE IN DSO RESERVES TO 25.5MT AT 57.9% FE SINCE JULY 2008
>75% CONVERSION OF WODGINA INDICATED RESOURCES TO RESERVES
INITIAL DSO RESOURCE FOR THE TURNER RIVER PROJECT OF 2.5MT AT 58.5% FE
ATLAS IRON LIMITED (AGO)
Atlas is an iron ore explorer, developer and producer in the Pilbara, Western Australia. Atlas is mining at its Pardoo Iron Ore Project, planning to export 1Mt during its first 12 mths of operations, growing to 3Mtpa in 2010. When combined with its Abydos DSO Project, Atlas is targeting exports at an annualised rate of 6Mtpa by 2010, growing to 12Mtpa by 2012.
Official Listing Date
17 December, 2004
GICS Industry Group
Materials
Exempt Foreign?
No
Internet Address
http://www.atlasiron.com.au/
Registered Office Address
,10 Richardson Street,,,WEST PERTH,WA,AUSTRALIA,6005
Head Office Telephone
08 9476 7900
Head Office Fax
08 9476 7988
Share Registry
SECURITY TRANSFER REGISTRARS PTY. LIMITED
,770 CANNING HIGHWAY,,,APPLECROSS,WA,AUSTRALIA,6153
Share Registry Telephone
(08) 9315 2333
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