20 June 2008 Company Announcements Office Australian Securities Exchange Namibian Phosphate Project
Immediate Program
Union intends to: • Confirm the Gencor results. An analysis of the previous exploration and assay data is currently being conducted by an independent expert to bring it up to the standards required by the JORC Code. Union anticipates this data to be available within the next two months;
• Commence a bulk sampling program in order to confirm the behaviour of the material in Phosphoric Acid plant circuits;
• Identify a strategic partner in the area of submarine material recovery in order to confirm the technical viability of recovering around 3 million tpa of the material;
• Seek potential off takers for the material; and
• Confirm the technical and economic viability of the project
UCL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
