Australian Atlas Iron is in talks to sell its share of a uranium prospect in Lake Frome, located in South of Australia due to concerning about sluggish market demand in China.
However, the company still attempts to proceed the expansion plan of iron ore so as to reduce the anxiety from investors.
Atlas Iron is focusing on some exploitations of iron mine at MtDove, Abydos, Mt Webbe and so on.
It has successfully operated its iron mine businesses at Wodinga and Pardoo