Atlas Iron Limited (ASX:AGO) is pleased to report its audited financial statements for the year ended 30 June 2010 as Atlas enters its the next phase of its growth. The Company's operations recorded a positive cashflow in the second half of the financial year. This milestone came on the back of improved iron ore prices and, importantly, reduced cash operating costs delivered by Atlas, as production levels began to ramp up. Atlas achieved operating cash inflows of A$8.5 million for the second half, while funding the build of significant inventory levels in readiness for export, as port capacity at Utah Point becomes available.
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