At the date of this report Atlas has hedged a portion of its...

1. At the date of this report Atlas has hedged a portion of its September 2017 Quarter production as follows:
   
   
   •  Swaps for approximately 0.5m wmt at an average 62% Fe equivalent level of US$65/dmt,
     
     
   •  Bought Put options for approximately 1.0m wmt at an average 62% Fe equivalent level of US$57/ dmt and has sold Call options for approximately 0.7mwmt at an average 62%Fe equivalent level of US$67/dmt.
     
     
   •  Fixed price sales for approximately 0.5m wmt at an average price net to Atlas of US$46/dmt.