The company said it is on track to boost production, lower costs and significantly reduce capital expenditure by FY15.

It expects to produce 12.2 to 12.8 million tons during the fiscal 2015, a 12% to 17% increase compared to 2014.

Primary production sources will be Wodgina, Abydos, Mt Dove and the Mt Webber mine, Atlas said.

Cost savings are expected to be generated through ramping up production at Mt Webber to six million tons per annum, existing cost and productivity initiatives, formal pit to port cost reduction program, and economies of scale generated across the business.

Atlas managing director Ken Brinsden said: "This financial year will mark a key turning point in Atlas’ growth.

"After a period of substantial investment in project development, we are now poised to benefit from the increased production and lower costs being delivered by that strategy."