Atlas Iron Limited (Atlas) is engaged in the exploration, development and mining of iron ore. The Company�s principal activity is the operation of the Pardoo and Wodgina iron ore mines and the development of the mines at Abydos, Mt Dove and Mt Webber in the Pilbara region in Western Australia. The Company is also focused on the development and feasibility of its Horizon 2 projects, which include McPhee Creek. On October 5, 2011, the Company completed the acquisition of FerrAus Limited. During the fiscal year ended June 30, 2012, the Company sold its Balla Balla magnetite project to Forge Resources Limited. As of March 12, 2012, National Australia Bank Limited and its associated entities ceased to be substantial holders in Atlas. On March 26, 2012, the Company acquired the iron ore rights on the Daltons Iron Ore Joint Venture at the Mt Webber DSO projects. As of August 29, 2012, it had 53.45% interest in Shaw River Manganese Ltd.