OverviewStonehenge Metals Limited (ASX: SHE) is pleased to...

Overview
Stonehenge Metals Limited (ASX: SHE) is pleased to present its quarterly report for the
period to 30th June 2008.
During the quarter, Stonehenge advanced the development of its existing Tasmanian tin and
base metal projects where activity was focussed on progressing towards tin production at the
advanced Granville Tin Project and continued exploration and resource definition at the
Federation Tin Project and the Sunshine base metal deposit within the Stonehenge lease.
Highlights include:
Exploration

Maiden JORC compliant Inferred Resource estimate for the Sunshine lead-zinc-silver
deposit of 287,600 tonnes at 2.8% zinc, 1.5% lead and 31g/t silver containing 8,000
tonnes of zinc, 4,200 tonnes of lead and 291,000 ounces of silver. Historical drilling to
the northwest of Sunshine also identified significant potential for further mineralisation.

PT Global Titik Persada (PT Global), the vendor of the Mandiodo Nickel project advised
Stonehenge that some of the area comprising the Mandiodo exploration permits is
subject to competing third party exploration permits. PT Global and Stonehenge are
attempting to negotiate an extension to the Heads of Agreement to allow time to
establish the validity of the competing permits and for Stonehenge to assess what, if
any, impact they will have on the transaction envisaged in the Heads of Agreement.
Operations

Refurbishment of the Heemskirk gravity separation mill continued during the quarter and
was successfully completed on 19 July. Wet commissioning of the plant commenced
immediately and initial tin concentrate production is expected pending licence approvals
for the facility.

A review of the potential to deepen the current Granville East pit is nearing completion
and drilling is planned on the Central Big H prospect located 400 metres to the west of
the Heemskirk Mill to delineate addition feed for the plant.
Corporate

Managing Director, Mr Todd Hibberd tendered his resignation from the Company
effective on 30 June 2008.

On 18th June, the company appointed Mr Bruce Lane, Executive Officer to manage
corporate and administrative functions and Mr David Hamlyn, Operations Manager, who
is now managing exploration and operations.

EXPLORATION
Sunshine Lease – 20M/2001
Drilling on the Stonehenge lease during the December quarter identified further lead-zincsilver
mineralisation at the Sunshine prospect within Mining Lease 20M/2001 and confirmed
extensions to the mineralisation over a strike length of 125m to a depth of 40m. The
mineralised zone remains open along strike and at depth and the drilling included
intersections up to 7m @ 12.8% zinc, 1.6% lead and 22 g/t silver. Drilling further west also
encountered wide intersections of low grade mineralisation at surface that demonstrated
additional potential in the area.

There is a fair bit more to the report.. It reads very well by the look of it, any one else had a read???