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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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Melbourne
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 31/05/18

1 year TSR5 year TSR
105thAtlas Iron122%-47%
148thMineral Resources90%21%
223rdRegis Resources51%7%
415thResolute Mining9%10%
723 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

27/10/17
$0 Issued
26/10/17
$0 Issued
01/07/17
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

4th-Mineral Resources$1,470.4m
5th↓Atlas Iron$896.6m
8th↓Resolute Mining$560.8m
9th↓Regis Resources$547.2m
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Atlas Iron

54thMark Hancock$1.008m
60thJeremy Sinclair$1.007m
276thCheryl Edwardes$181k
Ranked by total remuneration from all listed WA companies

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