PROJECTS SUMMARY

Stonehenge Lead-Zinc-Silver Project

In addition to the nickel potential, the Stonehenge exploration licence has the 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 lead-zinc-silver mines. An initial inferred resource 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 has been established at the Sunshine lease.

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Stonehenge Nickel Project

The Stonehenge Exploration licence (EL 17/2003) has potential to host significant nickel mineralisation -- it is adjacent to the Avebury nickel deposit. The lease contains three aeromagnetic anomalies that may be related to nickel mineralisation, two of the anomalies have undergone initial drill testing.

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Granville Tin Project

The Granville Tin project consists of the refurbished Heemskirk Tin Mill with associated infrastructure and three tin prospects -- the Granville East open pit, Central Big H and North Heemskirk Deep Lead.

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Federation Tin Project

The Federation licence covers a number of tin bearing lodes in the South Heemskirk Tinfield and includes the Sweeney's Inferred Resource of 562,000t at 0.5% tin, 1.4% zinc and 36 g/t silver containing 2,869 tonnes of tin, 8,000 tonnes of zinc and 657,000 ounces of silver.

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Interview River Tungsten Project

The Interview River licence is prospective for tungsten and copper.

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Indonesian Nickel Laterite Project (5%)

In 2007 the company entered into an agreement to acquire the right to explore and mine the Mandiodo Nickel Laterite deposit on the Indonesian island of Sulawesi. Historical drilling has identified a nickel laterite blanket 4.2km long by 1.0km wide and up to 20m deep grading 1.3% nickel. Stonehenge has, due to unresolved issues with overlapping leases (KPs), subsequently elected to convert it's investment to date subject to formal documentation into a 5% shareholding in the entity that seeks to control the Mandiodo project and 5% in entities that control eight other highly prospective nickel leases (KPs) proximate to the Mandiodo Nickel project.

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