Stonehenge Metals Ltd - Quarterly Activities Report
STONEHENGE METALS LIMITED - QUARTERLY ACTIVITIES REPORT
- Formal permission received to commence drilling in the Chubu area.
- First phase of Kongju University ore analysis study completed
- Stonehenge moves to establish Joint Venture Vanadium and Molybdenum trading Company with Yong Jin Speciality Steel Co Ltd
- Key management appointments strengthen the management capability of Stonehenge
- Acquisition of Korean Uranium Projects completed
Corporate
Discussions are continuing with a number of prospective partners, pursuant to the Company strategy of growing its footprint in South Korea and seeking strategic partnerships.
The Company has now completed all payments to finalise 100% project ownership.
Cash Balance at 30 June 2011 was A$3.1m.
Competent Persons Statement
The information contained in this ASX release relating to Mineral Resources has been compiled by Mr. Michael Andrew of Optiro Pty Ltd. Mr. Andrew is a Member of The Australian Institute of Mining and Metallurgy. Mr. Andrew has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Andrew consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
For further information please refer to the attached Stonehenge Quarterly Report.