Atlas jumps on 527% resource increase

Shares in Atlas Iron have risen after the miner announced a five-fold resource increase at its Wodgina iron ore project near Port Hedland.


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Resources are not the same as reserves. A resource is the total amount of the mineral found in the earths crust. A reserve is the part of the resource which has been identified, quantified, and is cost efective to exploit. What, I wonder is the % of reserve to the increase in resource? John Fitzgerald.

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Atlas Iron (AGO)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/18

1 year TSR5 year TSR
27thAtlas Iron165%-46%
76thSaracen Mineral Holdings68%61%
212thSandfire Resources20%3%
244thRegis Resources13%7%
307thResolute Mining3%11%
744 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Issued
$0 Issued
$0 Other
Total value as at the date of the transaction
Source: Morningstar


10th↓Sandfire Resources$615.7m
11th↓Regis Resources$607.8m
12th↓Atlas Iron$555.7m
13th↑Saracen Mineral Holdings$521.8m
14th↓Resolute Mining$491.5m
512 listed resources companies ranked by revenue.
Source: Morningstar

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