The Hickman DSO Project (Atlas 100%), located 30 to 50km north of Newman, is named after the Hickman meteorite crater which lies within the tenement package. The project area is strategically located, being on the BHP railway, and is also well situated geologically. Although Hickman remains a grassroots exploration project for Atlas, its location between the Coondiner Creek iron ore deposit to the northwest and Kalgan Creek iron ore deposit to the southeast suggest Hickman has the potential to host significant tonnages of iron enrichment.

To date Atlas has completed project-scale outcrop mapping and reconnaissance rock chip sampling over the project. This work has identified potential areas of detrital, CID and BID mineralisation.

Of the 20 rock samples taken at Hickman during initial reconnaissance work, 17 assayed in excess of 55% Fe with an average of 62.4% Fe.

The Company believes Hickman has the potential to host 40 to 60 million tonnes of DSO mineralisation.

Surface iron enrichment >60% Fe at Hickman.