PORT HEDLAND BERTH RESERVATION TO NORTH WEST IRON ORE ALLIANCE by lindahy

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PORT HEDLAND BERTH RESERVATION TO NORTH WEST IRON ORE ALLIANCE

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									 Announcement                                                              6 August 2008

 T HEDLAND BERTH RESERVATION TO NORTH
       WEST IRON ORE ALLIANCE
h West Iron Ore Alliance has secured a key strategic plank of the infrastructure required to
he emergence of a new generation of iron ore producers in the Pilbara region after the
Australian Minister for Planning and Infrastructure Hon Alannah MacTiernan in consultation
                   Media Announcement
 ort Hedland Port Authority confirmed the reservation of two new multi-user berths in the Port         6 August 2008
nner harbour for use by Alliance members and other potential junior producers.
                   PORT HEDLAND BERTH RESERVATION TO NORTH
 berths earmarked for the Alliance members and other junior producers subject to certain
                            WEST IRON ORE ALLIANCE
s precedent, would have the capacity for up to 50 million tonnes of iron ore exports per
 ufficient to cater for the initial production of its member companies - Atlas Iron Limited, BC
ed, Brockman Resources Limited, and FerrAus Limited.
                    The North West Iron Ore Alliance has secured a key strategic plank of the infrastructure required to
                      berths the associated of new generation be operational as early the
 cted that the twosupport and emergence porta infrastructure mayof iron ore producers in as Pilbara region after the
                    Western Australian Ministerbe accommodatedInfrastructure Hon Alannah MacTiernan in consultation
e ultimate long term capacity is envisaged to for Planning and as part of the Outer Harbour
                    with the Port approved.
 ent, which in itself is yet to be Hedland Port Authority confirmed the reservation of two new multi-user berths in the Port
                    Hedland inner harbour for use by Alliance members and other potential junior producers.
ming the announcement, the Independent Chair of the North West Iron Ore Alliance, Megan
                    The two berths earmarked for the breakthrough for and other junior producers subject to certain
 id the port capacity reservation represented a major Alliance membersthe junior companies
                    conditions precedent, would have the capacity commitment towards the
e up the Alliance, and demonstrated the Government’s strong for up to 50 million tonnes of iron ore exports per
                    annum, sufficient to cater for the initial production of its member companies - Atlas Iron Limited, BC
  tion of the iron ore industry.
                    Iron Limited, Brockman Resources Limited, and FerrAus Limited.
MacTiernan and the Port Hedland Port Authority CEO, Andre Bush, should be congratulated
                    It is expected inner harbour for the benefit of the port infrastructure may
 fforts to maximise access to thethat the two berths and associatedState,” Ms Anwyl said. be operational as early as
                    2012. The ultimate long term capacity is envisaged to be accommodated as part of the Outer Harbour
                    development, which the Alliance be confirms
 a very important step forward for in itself is yet toand approved. our position within the
ent’s long-term vision for the continued development and expansion of the port at Port
                    In welcoming the announcement, the Independent Chair of the North West Iron Ore Alliance, Megan
   she continued. “This is proof that collaboration brings benefits.”
                    Anwyl, said the port capacity reservation represented a major breakthrough for the junior companies
                    received Expressions of Interest demonstrated the Government’s strong
 nce has already that make up the Alliance, and from engineering companies to conduct a commitment towards the
Scoping Study for the port development work required for the new berths and associated
                    diversification of the iron ore industry.
  ure,” Ms Anwyl added. “We expect to announce the appointment of the preferred Project
 shortly.”          “Minister MacTiernan and the Port Hedland Port Authority CEO, Andre Bush, should be congratulated
                    for their efforts to maximise access to the inner harbour for the benefit of the State,” Ms Anwyl said.
urther excellent news for communities in the Pilbara, as increased diversity in the iron ore
                    “This improve the lifestyles step forward for the Alliance and
will bring real benefits to is a very important of Pilbara residents,” she commented. confirms our position within the
                    Government’s long-term vision for the continued development and expansion of the port at Port
h West Iron Ore Alliance was formed in 2007 to support the development of a junior iron ore
                    Hedland,” she continued. “This is proof that collaboration brings benefits.”
  the Pilbara. The member companies – Atlas Iron, BC Iron, Brockman Resources and
                    “The Alliance has already received Expressions of Interest from engineering
– have agreed to cooperate on issues such as infrastructure development and access, companies to conduct a
                    detailed development.
approvals and community Scoping Study for the port development work required for the new berths and associated
                    infrastructure,” Ms Anwyl added. “We expect to announce the appointment of the preferred Project
                     of the North West
 ly the members Manager shortly.” Iron Ore Alliance have the potential to deliver over 50
nnes of iron ore per annum by 2014, generating in excess of $220 million in State royalties
m.                  “This is further excellent news for communities in the Pilbara, as increased diversity in the iron ore
                    industry will bring real benefits to improve the lifestyles of Pilbara residents,” she commented.
                                          —ENDS—
                    The North West Iron Ore Alliance was formed in 2007 to support the development of a junior iron ore
   by:                                           On behalf companies – Atlas Iron, BC Iron, Brockman Resources and
                    sector in the Pilbara. The memberof:
  Read / Kate Bell                               to cooperate
                    FerrAus – have agreed Megan Anwylon issues such as infrastructure development and access,
  porate            statutory approvals and community development. Ore Alliance
                                                 Chair – North West Iron
 61 8 9388 1474 Collectively the membersMobile:North 949 900 Ore Alliance have the potential to deliver over 50
                                            of the 0417 West Iron
                million tonnes of iron ore per annum by 2014, generating in excess of $220 million in State royalties
                per annum.

                                                                 —ENDS—

                  Released by:                                          On behalf of:
                  Nicholas Read / Kate Bell                             Megan Anwyl
 sector in the Pilbara. The member companies – Atlas Iron, BC Iron, Brockman Resources and
 FerrAus – have agreed to cooperate on issues such as infrastructure development and access,
 statutory approvals and community development.

 Collectively the members of the North West Iron Ore Alliance have the potential to deliver over 50
 million tonnes of iron ore per annum by 2014, generating in excess of $220 million in State royalties
 per annum.

                                                     —ENDS—

 Released by:                                                On behalf of:
 Nicholas Read / Kate Bell                                   Megan Anwyl
 Read Corporate                                              Chair – North West Iron Ore Alliance
 Phone: +61 8 9388 1474                                      Mobile: 0417 949 900




Background on members of the North West Iron Ore Alliance:

Atlas Iron Limited - www.atlasiron.com.au
                                                                                                               2
Atlas Iron (ASX: AGO) has one of the largest land holdings in the Pilbara region covering over 6,000km . The
Company is preparing to commence production of direct shipping grade iron ore (DSO) resources from Pardoo
Project, 75km from the public access port at Port Hedland, in the second half of 2008. Targeting production of 1
million tonnes per annum in its first year of operation, Atlas is forecasting its production at Pardoo will grow to 3
million tonnes per annum by 2010 with further substantial growth expected on the basis of its aggressive ongoing
exploration effort. Atlas has recently upgraded its exploration target to 120-180 million tonnes.

BC Iron Limited - www.bciron.com.au

BC Iron (ASX: BCI) is focused on the exploration and development of channel iron deposits within its Nullagine
Project in the Pilbara. A major exploration program commenced in April 2007 over the Bonnie Creek and
Nullagine River CIDs, and, in March 2008, BC Iron announced a Channel Iron Deposit resource of 47.2Mt at
53.6% Fe (61.5% CaFe) at Nullagine, including a high-grade DSO resource of 28.0Mt grading 57.4% Fe (65.1%
CaFe). The Company is conducting a Scoping Study on an initial 3Mtpa DSO operation at the Bonnie Creek CID
Project.

Brockman Resources - www.brockmanresources.com.au

Brockman Resources Limited (formerly Yilgarn Mining Limited) is focused on the exploration and development of
its 100%-owned Marillana Project, located 100km north of Newman in the Pilbara, where the total Mineral
Resource now exceeds 1.1 billion tonnes of iron ore, and the Company is aggressively targeting iron ore
production by 2009. Brockman has recently completed a Scoping Study on a proposed 10Mtpa iron ore project
and is conducting a Feasibility Study based on its expanded resource base which is due for completion in early
2009.

FerrAus Limited - www.ferraus.com

FerrAus is an emerging developer of iron ore and other ferrous raw materials. Its wholly owned, strategic foothold
in the under-explored, highly prospective new iron ore sub-province in the East Pilbara region encompasses over
560km2 with a potential strike length of 30-40km. The priority project is Roberston Range where continuous
drilling and evaluation campaigns since late 2005 have yielded a significant resource with the expectation of
continued expansion as a result of further planned drilling programmes.

								
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