Atlas Iron Limited: Reports A Maiden Inferred Resource At The Warrawanda Project

09:53 AEST July 6, 2010 ABN Newswire (C) 2004-2010 Asia Business News PL. All Rights Reserved.

Perth, Australia (ABN Newswire) - Atlas Iron Limited (ASX: AGO) is pleased to report a maiden Inferred resource on the Wishbone deposit at the Warrawanda Project (100% AGO), located 50 kilometres southeast of Newman.

The resource estimation for Wishbone is based upon RC exploration drilling commenced by Warwick Resources in 2009, with additional drilling completed by Atlas in May 2010. Mineralisation remains open to the north, and the next round of drilling will focus on opportunities for extensions as well as first-pass exploration on other regional targets within the project area.

'This is a fantastic start in a region known for its world class orebodies, and with a number of high quality targets in front of us ready for drilling, we are hopeful of more and larger discoveries in the second half of 2010.' commented David Flanagan, Atlas' Managing Director. 'The exploration team are now gearing up for a big exploration programme around Newman and we look forward to reporting results as they come to hand.'

For the complete Atlas Iron Limited announcement including Wishbone Resource Summary, please view the following link:
http://www.abnnewswire.net/media/en/docs/63234-ASX-AGO-496544.pdf


About Atlas Iron Limited:

Atlas Iron (ASX:AGO) is an emerging producer and active explorer focused on the discovery and development of iron ore projects. With a growing number of high quality iron ore projects and one of the largest landholdings in the Pilbara (8,900km2) located close to infrastructure, the Company has created a successful business by targeting resources and reserves capable of being mined with relatively low capital expenditure.




Contact:

David Flanagan, Managing Director
Andrew Paterson, General Manager Geology
Atlas Iron Limited
Tel: +61-8-9476-7900
Fax: +61-8-9476-7988
www.atlasiron.com.au