17 December 2013
The Manager
Market Announcements Platform ASX Code: SHE
ASX Limited, Exchange Centre
20 Bridge Street
Sydney NSW 2000
Stonehenge Metals Limited (ASX: SHE) (Stonehenge or the Company), a uranium and vanadium exploration and development company with projects in South Korea, provides shareholders with an update in relation to its recent activities.
o Improved interpretation of mineralised black shale units from recent field mapping and rock chip sampling
o Strong reinforcement of existing resource of 67Mlbs U3O8 and 17Mlbs V2O5 (JORC (2004) compliant)o Processing costs remain competitive due to multi commodity credits of Uranium and
Vanadiumo Further cost saving measures implemented
GeologyStonehenge recently completed a fieldwork program aimed at delineating and extending the mineralised black shale contour at surface within the Seongdang, Yokwang and Chubu Prospects. During the traversing of the 200m spaced SE-NW lines the following information and samples were systematically collected: