agm announcement good for she

as she has ground next door

About Stonehenge Metals Limited

Stonehenge Metals Limited is an exploration company recently formed to explore a portfolio of
highly prospective tin, nickel and zinc exploration projects in North West Tasmania. The projects are
located within areas of historic mining activity and known mineralization in a province that has
produced world class tin deposits at Mt Bischoff and Renison Bell and nickel at Avebury.
Granville East Project: The high grade Granville East tin mineralisation appears to have an average
width of about 25 metres and the strike is at least 80 metres in length and is open at depth with a
200nT magnetic anomaly footprint. High grade tin mineralisation within the pit has to date been shown
to extend down dip at least 35 metres. The Granville East tin deposit appears to be a strata-bound,
carbonate replacement deposit (skarn). Sampling has established the presence of some very high
grade zones of ore and recent mining has confirmed the open pit to be a potential source of ore of
good grade and character. Early tin production from stockpiles, waste dumps, some pit ore and
reprocessing of tailings is planned to proceed, in tandem, with the current resource drilling.
Stonehenge Nickel Project: The Company believes that the Stonehenge exploration licence, which
is adjacent to Allegiance Mining NL's Avebury nickel deposit, has potential to host significant nickel
deposits. The large aeromagnetic anomaly that is a major exploration target on EL17/2003 has not
been tested by drilling and could be related to significant nickel mineralisation. The drilling of this
magnetic anomaly will be a priority and the magnetic data covering this tenement will be reviewed to
identify all magnetic targets.
Stonehenge Base Metals Project: The Company believes that the Stonehenge exploration licence,
which is adjacent to Zeehan Zinc’s Comstock deposit, has potential to host significant lead-zinc-silver
deposits. There are approximately 7km of strike length to explore on three trends each of which
contain several historical mines. The drilling of the Sunshine and Swansea deposits will be a priority
and the historical data covering this tenement will be reviewed to identify all base metal targets.
Central Big H Project: Mineralisation at the Central Big 'H' tin prospect appears to be similar to
Granville East's. Its magnetic anomaly size and strength (200nT) indicates that it may be a smaller,
lower-grade (+1%) analogue of the Granville East tin skarn. Stonehenge Metals will conduct an initial,
two to four hole, reconnaissance drilling program over the prospect to test this possibility.
Federation Project: The Federation licence covers a number of tin bearing lodes in an area known as
the South Heemskirk Tinfield. The country rock underlying this tenement is a part of the Heemskirk
granite which is a multiphase intrusion with the tin mineralization being related to the latest phase. The
major Tin prospects are Sweeny's, Federation and an untested magnetic anomaly West of Sweeny's.
The Information in this report that relates to exploration results, mineral resources or ore reserves is based on information
compiled by Mr Todd Hibberd, who is a member of the Australian Institute of Mining and Metallurgy. Mr Hibberd is a full time
employee of the company. Mr Hibberd has sufficient experience which is relevant to the style of mineralisation and type of
deposits under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004
edition of the `Australian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (the JORC Code)`. Mr
Hibberd consents to the inclusion of this information in the form and context in which it appears in this report.