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AISI304

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AISI304

Re: None

Thursday, 01/18/2018 10:32:21 AM

Thursday, January 18, 2018 10:32:21 AM

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Atlas strikes lithium DSO agreement with Pilbara Minerals

http://www.atlasiron.com.au/site/PDF/8266_1/AtlasstrikeslithiumDSOagreementwithPilbaraMinerals

Highlights

• Atlas to purchase 1mt - 1.5mt of lithium DSO from Pilbara Minerals over 15 months
• Pilbara will mine the ore at its Pilgangoora Project with Atlas taking ownership of the ore at the mine gate
• Atlas will process and transport the ore using its existing infrastructure, including its Mt Dove crusher and Utah Point port facilities
• First export sales scheduled for June 2018 Quarter
• Deal stands to deliver Atlas an operating margin of $15-20/t based on current market prices
• Agreement reflects Atlas’ strategy to diversify its revenue sources
• Further lithium opportunities under consideration
• Royalty payments to Atlas from mining at Altura’s Pilgangoora Project likely to start in 2018

Nothing I say, post, or do should ever be considered financial advice. It is just my personal opinion. I may be holding a long, short or no position. I am NOT or NEVER have been compensated to post on here and my posts are for entertainment purposes only.

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