feasibility report over 1000 pages long

The following is taken from the shareholder feedback forum on the UCL website today:

6/1/2006 9:30:32 AM - BFS
Shareholder Comment: My undertanding is that the feasability studyt would be out in May.

As it is now June can you advice when the feasability report will be lodged to the ASX
Naturally you will not be held to a day as it breaches ASX trading regulations.

kind regards

Union Resources Reply: Thanks for your email.

As per the quarterly report, the feasilibily study report was received in early May.

Since then Union has announced that the company is moving the project to the financing and development stage, so obviously the board's view on the project is positive.

Information from the FS was contained in the quarterly report.
It is possible the company will release more information, but not the FS itself, which is 3 volumes of over 1000 pages, and is considered confidential.

Kind wishes

Rob


I suppose it makes sense that the FS wont be released to the market given its length. I suppose that doesnt really matter. UCL now have the report in their possession and they want to proceed with the financing and development stage. Thats all we need to know.

UCL seem to be more confident of the project going ahead as the project continues to advance. With zinc stockpiles diminishing each day, it is only going to improve the economics of the project substantially once production gets underway.

Cheers