ATLAS Iron has announced a 527% increase in the DSO resource at its Wodgina DSO Project from 8.1Mt at 57.5% Fe to 42.7Mt at 56.3% Fe.
The Wodgina DSO Project is located 100km south of Port Hedland in the Pilbara of Western Australia.
Atlas' Managing Director David Flanagan said the fivefold increase in the DSO resource since January 2009 is a direct result of the aggressive drilling campaign at Wodgina in the past 6 months.
He said the company has only drilled half the targets in the area, suggesting Wodgina is likely to get even larger.
The company said it is now fast tracking feasibility studies to underpin plans to commence mining at the project in the first quarter of 2010, and will take full advantage of the recently signed Wodgina mine infrastructure access agreement.
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