AGO 0.00% 4.5¢ atlas iron limited

Ann: Atlas to export Pilgangoora lithium DSO to Sinosteel, page-57

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    Atlas slipped to a loss of $21.3 million in the last six months of 2017 from a profit of $18.9 million in the back half of 2016.
    The company is also exploring for lithium at its Pancho project and rock chip sampling suggests there is spodumene there.
    Spodumene is the main lithium bearing mineral mined from most hard rock lithium mines around the world.
    “Our plan is to by the time this contract runs out in 12 to 18 months if both sides want to continue with it we’ll continue, but if we’ve got spodumene available ourselves then we’ll do it ourselves,” Mr Lawrenson said.
 
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