General Search - Enter what you're looking for...
UCL RESOURCES LIMITED - ASX: UCL
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
Union Resources Limited (“Union”) is an Australian based public company, listed on the Australian Securities Exchange (ASX: UCL). Union is currently focused on the exploration, evaluation and development of The Sandpiper/Meob Phosphate Project off the Namibian coast. Union Resources' secondary focus is the lead-zinc-silver project in Mehdiabad in Central Iran.
Sandpiper-Meob Phosphate Project, Namibia
The project is a Joint Venture between Union Resources Limited, Minemakers Limited and a Namibian owned company Tungeni Investments cc, established in accordance with the Shareholders Agreement and incorporated in the company Namibian Marine Phosphate Pty Limited, registered in Namibia.
An initial Resource development programme was completed in 2009 and as at February 2010 independent estimates of the phosphate Mineral Resources now stand at:
Indicated Category - 73.9Mt, 20.57% P2O5
Inferred Category - 1,507Mt, 18.7 % P2O5
Total - 1,581Mt, 18. 8% P2O5
Mehdiabad Zinc Project, Iran
The Mehdiabad Project is being developed by Union Resources Limited, Iranian Mines and Mining Industries Development and Renovation Organization ("IMIDRO") and the company Itok GmbH ("Itok") through an incorporated Iranian joint venture company, Mehdiabad Zinc Company ("MZC").
The exploration activities at Mehdiabad have included over 52,000 metres of diamond drilling which has outlined a zinc (Zn), lead (Pb) and silver (Ag) resource totalling 394 million tonnes. Details of the resource are:
Total 394tonnes mt, 4.2% Zn, 1.6% Pb, 36g/t Ag
Mine For
phosphate, lead, silver, zinc
Location of operation(s)
Iran, Namibia
Address
Suite 201, Level 2, Watson House, 300 George Street
SYDNEY, NSW, AUSTRALIA
Phone
+61 (02) 9233 4750
Website
http://www.unionresources.com.au
Last Updated
21/12/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
