Atlas remains upbeat amid $258M write-down

ATLAS Iron expects to book a non-cash impairment charge of $A258 million on its undeveloped Horizon 1 and 2 exploration assets for the six months to the end of 2012.

Atlas remains upbeat amid $258M write-down Atlas remains upbeat amid $258M write-down Atlas remains upbeat amid $258M write-down Atlas remains upbeat amid $258M write-down Atlas remains upbeat amid $258M write-down

The non-cash impairment charge, which includes deferred Minerals Resource Rent Tax (MRRT) and income tax comes after the company undertook a review of the carrying value of selected undeveloped

loader