4 September 2012
Market Announcements Platform
ASX Limited, Exchange Centre ASX Code: SHE
20 Bridge Street
Sydney NSW 2000
STONEHENGE RESTRUCTURES BOARD
Stonehenge Metals Ltd (ASX: SHE) (Stonehenge or the Company)
advises it has restructured its Board to position itself for
the next stage of development as it seeks to progress
opportunities in South Korea and further establish its
presence there.
Stonehenge is pleased to advise that its CEO, Korea Mr Young
Yu has accepted an invitation to join the board of Stonehenge
as Executive Director.
Further, the Company advises that Mr Warren Staude and Mr Bob
Cleary have stepped down as Directors. The Company would like
to thank Mr Staude and Mr Cleary for their contribution in
the Company's development to this stage. Mr Staude is a
founding Director of Stonehenge and has been an invaluable
member of the Board since its listing in 2006. Mr Cleary
joined the Board shortly after the Company's acquisition of
its South Korean Uranium Project in 2010 and has been a major
contributor as the Company developed its metallurgical and
environmental expertise.
Managing Director Mr Richard Henning will assume the role of
Executive Chairman as part of the restructure and Mr Bevan
Tarratt will remain a Non-Executive Director.
Richard Henning - Managing Director David Tasker - Professional Public Relations
T: + 61 8 9481 2276 T: +61 8 9388 0944
E: rhenning@stonehengemetals.com.auM: +61 (0) 433 112 936
ABOUT STONEHENGE METALSPage 2 of 2
Stonehenge Metals Limited (ASX Code: SHE) is developing a multi-mineral project in South Korea. Stonehenge owns 100% of the rights to three projects in South Korea including the Company's flagship Daejon Project which contains the largest uranium resource within South Korea at 65.0Mlbs (inferred) grading 320ppm eU3O8 (in accordance with JORC guidelines).
South Korean Project LocationsCompetent Persons Statement
The information contained in this ASX release relating to exploration results, exploration targets and Mineral Resources has been compiled by Mr. Michael Andrew of Optiro 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.
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