springhill
Make the drill work for YOU
- Joined
- 20 June 2007
- Posts
- 2,555
- Reactions
- 11
Re: SHE - Stonehenge Metals
MC -
SP -
Shares - 424m
Options -
Cash -
Top 20 SH - 45%
Directors
•Warren Staude – Chairman
•Richard Henning – Managing Director
•Bevan Tarratt – Non Executive Director
•Bob Cleary – Non Executive Director
DAEJON URANIUM AND VANADIUM PROJECT UPDATE ON TENEMENT STATUS
o Stonehenge continues to increase its land holding area across the Daejon Project.
o Three new Mining Exploration Right applications for uranium, vanadium and molybdenum were submitted for approval in June 2012.
o Four new Mining Exploration Right applications for vanadium and molybdenum were submitted in April 2012, which overlap existing granted uranium Mining Right licenses held by Stonehenge.
o Fifteen new Exploration Permits have been granted across the Daejon Project Area since March 2012.
Daejon Project
•Daejon Project largest known uranium resource in South Korea
•65 Mlbs contained uranium (Inferred Resource) with significant upside exploration target 17-39Mlbs U3O8 at Yokwang
•Daejon: focus of current work
•25-year mining rights
•Opportunity to provide Korea with 25% of Uranium requirement annually
•JORC inferred - 92Mt @ 320ppm U3O8 for 65Mlbs U3O8
Yokwang
•Yokwang offers significant exploration upside
•Yokwang has a current exploration target1 of 17-39Mlbs U3O8
•Additional resource upside along strike
•Exploration tenements extended to secure area
•Mine modelling indicates 12 years of open cut ore at strip ratio of 2.5:1
•Drilling targets identified
Daejon Project: Vanadium target
70-90Mt @ 250-300ppm V2O5 for 385-695Mlbs V2O5
MC -
SP -
Shares - 424m
Options -
Cash -
Top 20 SH - 45%
Directors
•Warren Staude – Chairman
•Richard Henning – Managing Director
•Bevan Tarratt – Non Executive Director
•Bob Cleary – Non Executive Director
DAEJON URANIUM AND VANADIUM PROJECT UPDATE ON TENEMENT STATUS
o Stonehenge continues to increase its land holding area across the Daejon Project.
o Three new Mining Exploration Right applications for uranium, vanadium and molybdenum were submitted for approval in June 2012.
o Four new Mining Exploration Right applications for vanadium and molybdenum were submitted in April 2012, which overlap existing granted uranium Mining Right licenses held by Stonehenge.
o Fifteen new Exploration Permits have been granted across the Daejon Project Area since March 2012.
Daejon Project
•Daejon Project largest known uranium resource in South Korea
•65 Mlbs contained uranium (Inferred Resource) with significant upside exploration target 17-39Mlbs U3O8 at Yokwang
•Daejon: focus of current work
•25-year mining rights
•Opportunity to provide Korea with 25% of Uranium requirement annually
•JORC inferred - 92Mt @ 320ppm U3O8 for 65Mlbs U3O8
Yokwang
•Yokwang offers significant exploration upside
•Yokwang has a current exploration target1 of 17-39Mlbs U3O8
•Additional resource upside along strike
•Exploration tenements extended to secure area
•Mine modelling indicates 12 years of open cut ore at strip ratio of 2.5:1
•Drilling targets identified
Daejon Project: Vanadium target
70-90Mt @ 250-300ppm V2O5 for 385-695Mlbs V2O5