CENTAURUS METALS LIMITED — Major Shareholding Notification 2011

Jul 28, 2011

Corporations Act 2001 Section 671B

Notice of initial substantial holder

Form 603

To Company Name/Scheme Centaurus Metals Limited

ACN/ARSN 009 468 099 1. Details of substantial holder (1)

Name Atlas Iron Limited

ACN/ARSN (if applicable) 110 396 168

The holder became a substantial holder on

28 July 2011

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person’s votes (5)	Voting power (6)
Ordinary	110,000,000	110,000,000	11.47%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

ows:
Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Atlas Iron Limited	Registered owner	Ordinary110,000,000
Atlas Iron Limited	Registered owner	Options 16,000,000

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder of securities	Person entitled toberegistered as holder(8)	Class and number of securities
Atlas Iron Limited	Atlas Iron Limited	N/A	Ordinary110,000,000
Atlas Iron Limited	Atlas Iron Limited	N/A	Options 16,000,000

1. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

ws:
Holder of relevantinterest	Date of acquisition	Consideration (9)		Class and numberof securities
		Cash	Non-cash
Atlas Iron Limited	28 July 2011	$9.68mil-Placement	Nil	110,000,000Ord. Shares16,000,000Options

Freehills Perth\004006784

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

		Name and ACN/ARSN (if applicable)	Name and ACN/ARSN (if applicable)		Nature of association
		N/A
7.	Addresses
The	addresses of persons named in this form are as follows:
		Name			Address
		Atlas Iron Limited			10 Richardson Street, West Perth, WA 6005
Signature
		print name	Anthony M Walsh			capacityCompany Secretary
		sign here				date29 July 2011