The Mt Gould project is located in the Jack Hills region northwest of Meekatharra in Western Australia. Mt Gould contains the interpreted strike extension to iron ore currently being mined and exported from Jack Hills by Crosslands Resources.

The Mount Gould tenement is situated approximately 150km northwest of Meekatharra in the Western Gneiss Terrane, which consists predominantly of gneisses with interspersed zones of metasediments. Metamorphism is generally higher grade with amphibolite facies the predominant type. The metasediments are strongly deformed with bedding generally oriented in a northeast to southwest direction in accord with the tectonic grain of the gneiss. Iron mineralisation is typically high grade hematite-(martite) lode style mineralisation with lens widths varying between 3 and 25m, with an average of 8.9m, and strike lengths varying between 150 to 400m. Multiple mineralised lodes exist throughout the tenement, with the main target comprising up to six stacked iron ore lenses.

Exploration work already completed by Atlas includes mapping of outcrop and open pit mining areas, review of historical drilling data, and collection of rock chip samples. Sample traverses (37 samples) of massive hematite lenses at Mt Gould averaged 66.53% Fe and 0.037% P. The project has an exploration target of 15 to 20 million tonnes at between 60% and 66% Fe.

In addition to the Weld Range and Mt Gould projects, Atlas has an extensive landholding of exploration licence applications in the Midwest which are yet to be explored. The Company is working with the Wajarri People to ensure its exploration activities do not have any negative impacts on this culturally sensitive area.

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Previous micaceous iron ore operation, Mt Gould.