Magnetite Resources

Atlas Ridley Magnetite Resources and Reserves are contained in the following tables.

Ridley Magnetite In-Situ Resource

Resource Classification

Mt

Fe
(%)

SiO2
(%)

Al2O3
( %)

P
(%)

S
(%)

LOI
(%)

Density (g/m3)

Indicated

1,100

36.6

39.4

0.08

0.09

0.05

3.9

3.5

Inferred

910

36.4

39.1

0.08

0.09

0.05

4.4

3.5

All Resources

2,010

36.5

39.3

0.08

0.09

0.05

4.1

3.5

Table 1: Ridley Magnetite Project in-situ magnetite resource

Competent Person Statement: Ridley Magnetite Project

The information on this website that relates to the Ridley Mineral Resource results is based on information compiled by Mr Malcolm Titley who is a member of the Australasian Institute of Mining and Metallurgy. Malcolm Titley is a full time employee of CSA Global Pty Ltd. Malcolm Titley has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they have undertaken to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration results, Mineral Resources and Ore Reserves'. Malcolm Titley consents to the inclusion of the matters based on his information in the form and context in which it appears.