20 January 2014

WINDIMURRA PREPARES TO EXPORT VANADIUM TRIOXIDE Atlantic Ltd (ASX: ATI) (Atlantic or the Company) is pleased to announce that it is now in a position to commence exports of vanadium trioxide (V2O3) in the near future from its Windimurra project. There are no outstanding regulatory requirements.

The Windimurra project currently produces V2O3 as an intermediary product and then converts it into ferrovanadium (FeV) in an electric arc furnace.
Windimurra is one of only a small number of vanadium production facilities in the world to produce V2O3 for sale.
The preparations made by the Company pave the way for it to sell V2O3 into premium price markets such as the titanium alloy market, vanadium carbonitride market, the vanadium chemical market and vanadium redox flow battery market.
The Company has received a significant number of requests from customers in these value added markets for the supply of V2O3 from Windimurra.
The production of V2O3 does not require the operation of the FeV furnace and related infrastructure and is therefore produced at a lower cost per unit of vanadium.
In addition, no material capital expenditure is required by the Company to produce and market
V2O3.
Atlantic Managing Director, Michael Minosora, commented:
"As well as providing access to premium price markets, the Company's ability to export V2O3 broadens its customer base, gives it flexibility in how it operates the Windimurra processing plant and reduces a number of commercial risks."
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For further details please contact: Michael Minosora Terry Bourke Managing Director General Counsel Atlantic Ltd Atlantic Ltd

Ph: + 61 8 6141 7100 Ph: +61 8 6141 7120

About Atlantic

Atlantic is committed to building a diversified portfolio of world class resources assets that will provide superior returns to shareholders.
Atlantic subsidiary Midwest Vanadium Pty Ltd owns 100% of the Windimurra vanadium and iron ore operation, located approximately 600 kilometres north of Perth in Western Australia. Windimurra hosts one of the largest proven vanadium reserves in the world. Its processing plant is in production, producing ferrovanadium and iron ore.
Additional information on Atlantic can be found at www.atlanticltd.com.au.

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