ATLAS IRON LIMITED

30 JUNE 2015 APPENDIX 4E

RESULTS FOR ANNOUNCEMENT TO THE MARKET

This Preliminary Final Report for Atlas Iron Limited and its subsidiaries ("Atlas Iron") (ASX Code: AGO) is provided to ASX under ASX Listing Rule 4.3A

Results for announcement to the market

The preliminary Financial Report (Appendix 4E) and audited financial statements for the year ended 30 June 2015 are attached.
The Annual General Meeting will be held on 28 October 2015.

Change in Control - Shaw River Manganese Limited (Shaw River)

An agreement was entered into between the Group and Bryve Resources Pty Ltd (Bryve) with the intention that the
Group would sell its interest in Shaw River and all of its' subsidiaries, which included Kalamazoo Resources. On 13
August 2014, the Group disposed of 9.69% interest in Shaw River which resulted in a loss of control. As a result, the disposal group held for sale was reclassified as an asset held for sale from the date control was lost. As the Group
retained significant influence, the Groups' investment was equity accounted until the remaining interest was disposed.
During the current period, the conditions precedent which granted Bryve the option to purchase the Group's interest in
Shaw River was satisfied. The option was exercised on 12 February 2015 with settlement occurring shortly thereafter.
There were no other entities over which the Group has gained or lost control during the period.

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Associates and Joint Arrangements

Atlas holds interests in the following associates and joint arrangements:

*The Mt Webber project consisted of the Mt Webber joint operation and consists of the Dalton's Iron Ore Joint Venture, of which the Group has 100% interest in the Daltons joint venture mining rights, however retains a 75% interest in other minor tenements with the joint venture partner. On 24 December 2014, the Group announced that it had reached an agreement with its joint operation partner, Altura Mining Limited (Altura), to purchase Altura's joint operation interest in the Mt Webber mine. On 17 February 2015, settlement of the purchase of Altura's 30% interest in the Mt Webber joint operation occurred.

The Group holds free-carried minority interest shareholdings in several other joint ventures.

Commentary on Results for the Period

A commentary on the results for the period is contained within the financial statements that accompany this announcement.
Underlying (loss)/profit is a non-IFRS measure that Atlas uses internally to measure the operational performance and allocate resources.
Underlying (loss)/profit is derived from (loss)/profit attributable to owners of Atlas Iron adjusted as follows:
• Impact of business combinations;
• Impact of restructuring (including onerous lease);
• Impairment losses and asset writedowns;
• Inventory writedowns;
• Settlement amounts with suppliers and other parties;
• Suspension costs relating to contractual arrangements;
• De-recognition of deferred tax assets; and
• Amounts relating to the Mineral Resources Rent Tax (MRRT).
Underlying (loss)/profit is not audited. A numerical reconciliation between the underlying (loss)/profit and the statutory net
(loss)/profit attributable to owners of Atlas Iron is as follows:

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Status of Audit

This Preliminary Final Report is based on accounts that have been audited. This Preliminary Final Report is to be read in conjunction with the attached financial statement for the year ended 30 June 2015, together with any public announcements made by Atlas Iron during the year 30 June 2015, in accordance with the continuous disclosure obligations under the Corporation Act 2001.

Previous corresponding period

The previous corresponding period is the year ended 30 June 2014.

Further enquiries, please contact:

David Flanagan, Managing Director +61 8 6228 8000
Brian Lynn, Chief Financial Officer +61 8 6228 8000

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