ucl article on ninemsn, page-21

re: iran and discussions on uranium enrichment From Ferret

UNION RESOURCES (UCL) has climbed onto the zinc bandwagon.

The shares rose 0.5c to 7.5c on Friday on news Societe Generale
will advise Union on raising funds to accelerate development of its
"world class" Mehdiabad zinc, lead and silver project.

Managing director Rob Murdoch said Mehdiabad represented one of,
if not, the largest undeveloped zinc resource in the world.

"The board of Union is of the view that the appointment of
Societe Generale is a major step forward in commencing the raising of
the required finance for this very significant low-grade, complex
ore-body," he said.

"This will result in the Mehdiabad Zinc Company becoming a major
zinc producer with operating costs in the lowest quartile," Mr Murdoch
said.

Wow, but where is Mehdiabad?

Oops, it's in Iran.

That may be why the shares are still in single cents.