Stonehenge Metals Limited (ASX Code: SHE) is developing a potentially world-class uranium project in South Korea. The company’s flagship Daejon Project boasts an Inferred Resource of 65Mlbs grading 320ppm eU₃O₈ (in accordance with JORC guidelines).

Daejon is one of three projects Stonehenge holds in South Korea and has significant exploration upside via a conceptual exploration target¹ of 17Mlbs to 39Mlbs grading 250 to 350ppm U₃O₈.

Daejon Project Highlights

• Inferred Resource of 65 Mlbs eU₃O_8.
• Highly experienced management team.
• Vanadium resource estimate underway targeting a range of 385-695 Mlbs.
• High recoveries using standard extractive process.
• Strong end user support within country.

¹ The potential quantity and grade of this exploration target is conceptual in nature, there has been insufficient exploration to define a Mineral Resource on the property and it is uncertain if further exploration will result in discovery of further Mineral Resources on the property.

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