21 June 2018

MinRes terminates Scheme Implementation Deed

Atlas Iron Limited ("Atlas") (ASX: AGO) refers to its announcement dated 21 June 2018 advising that a majority of the Atlas Board has withdrawn its recommendation of a scheme of arrangement with Mineral Resources Limited ("MinRes") following receipt of a takeover bid from Redstone Corporation Pty Ltd, a wholly-owned subsidiary of Hancock Prospecting Pty Ltd.

MinRes has now terminated the Scheme Implementation Deed between Atlas and MinRes with immediate effect.

Termination of the Scheme Implementation Deed does not affect the Company's liability to pay a break fee of $3.12 million to MinRes.

Investor Enquiries:

Atlas Iron Limited

Company Secretary

+61 8 6228 8000

Media Enquiries:

Read Corporate

+61 8 9388 1474

Paul Armstrong

+61 421 619 084

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Mineral Resources Limited published this content on 21 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 June 2018 02:07:13 UTC