Union Capital mit news!!!!!!!!!!! Neue Explorerbombe ???????????? - 500 Beiträge pro Seite

[Dersisco]

Please find attached a company announcement

< < ASX Announcement 190903.doc> >

Janelle Griffin
Accounts Department
Ph. [phone]
Fax. [phone]


_______________________________________________________________________________________
Tel: [phone] Level 6, 200 Creek Street, Brisbane Postal Address:
Fax: [phone] PO Box 728 Spring Hill Q
Australia 4004

19 September 2003


Company Announcements Office
Australian Stock Exchange Limited
20 Bridge Street
Sydney NSW 2000


Dear Sirs

Re: Update on Mehdiabad Base Metal Project

Union Capital Limited (UCL) advises that steady progress continues to be made with respect to advancing the Mehdiabad Base Metal Project, towards ultimate development.

The optimised open cut mining pit design has been completed, recommending a three staged development. The design recommends developing an initial capacity of the acid leach and zinc plant to produce 160,000 tonnes of zinc metal per annum for the first five years of operations, thence expanding to 320,000 tonnes of zinc metal per annum for the next five years, with third stage producing 500,000 tonnes of metal per annum from year 10 onwards, placing Mehdiabad amongst the world’s largest zinc producers.

The ultimate pit size will measure 2 kilometres in length, average 1.3 kms in width and reach depths of 400 metres. The life of the pit is estimated to be 26 years and the total zinc metal production expected to be 10.9 million tones and the lead concentrate production 2.3 million tonnes over that period. The pit design shows that after completion, significant zinc resources will remain at depth and to the north of the pit, which may be accessed by underground mining techniques, extending the life of the mine to around 40 years.

The optimised pit design suggests the “in pit” cut off grade for zinc oxide mineralisation will be 1.25% Zn and for zinc sulphides 3% Zn. The average resource expected to be extracted from the pit is 273 million tonnes @ 5.3 % Zn.

The operating company Mehdiabad Zinc Company (MZC) has now been registered in Iran and will commence operations on 22nd September, under Managing Director Mr Massoud Fanian. Mr Fanian has degrees in Geology and Industrial Management and has been involved in the management of numerous mines in Iran. He is regarded as one of Iran’s leading Mining Project Managers and is highly respected within Yazd Province. Mr Fanian will be supported in his role by technical experts provided by UCL.



It is expected that the Exploration Licence previously held in trust for the unincorporated joint venture by the Ministry of Mines and Industry will be transferred to MZC shortly after this time.

A Final Exploration Report has been completed for submission to the Ministry immediately upon receipt of the Exploration Licence, to enable a new Discovery Certificate reflecting the present resource, to be formally recognised. Once the new Discovery Certificate is issued, then MZC can obtain the Exploitation Licence required for mining, upon submission of the final mine plan.

From the time the Exploration Licence is issued to MZC, all further licensing procedures set out above are in total accord with the mining laws of Iran.

Final “in fill” drilling to achieve mining reserve status for the proposed first 5-7 year mining pit is expected to commence in the next few months.

Meanwhile UCL has commenced discussions with a number of interested Middle
Eastern based investment companies regarding the further funding of the project.

The bankable feasibility study is expected to be completed around the middle of 2004. Commencement of development of the First Stage will commence shortly thereafter, subject to funding. The development of the First Stage may include two sub stages, the first sub stage “fast tracked” to around 30,000 tonnes per annum production to cater for urgently required domestic Iranian zinc demand, and to “fine tune” the technical operations for the larger development.

Yours faithfully
UNION CAPITAL LIMITED



Rob Murdoch
Managing Director

[infoagent]

Brief in Australien bei 0,026. Stark anziehendes Handelsvolumen. Ausbruch könnte bevor stehen.


bin ja mal gespannt. Wer ist noch dabei?


infoagent

[Komet]

Endlich tut sich mal was, aber warten wird wohl belohnt. Es sieht so aus, als ob die Kapitalerhöhung erfolgreich wird, da sonst der Kurs Richtung 0,020 AUD sinken würde. Die Phantasie aus den Zink-Projekt ist scheinbar größer!
Die Umsätze in Australien ziehen stark an und in FRA sind endlich die 0,014€ überwunden. Chartechnisch gute Ausgangslage. In Australien steht der Ausbruch über 0,026 noch bevor.



good luck
Komet

[moneybooster]

[superguergen]

Thread:   Der Letzte, der vor Mitternacht in diesen Thread was reinschreibt, hat gewonnen !!!

[Dersisco]

Es geht los.Die fetten Briefseiten in Deutschland sind alle weg. Hier wird nicht mehr verkauft.Rechne mit Kursen über 0,02 in der nächsten woche.

Gruß

[Komet]

na dann los ...

[superman6]

Das Interesse für diesen Wert scheint zuzunehmen.

Seit 15.10.03 sowieso.

Bin mal auf heute Nach gespannt.

[superman6]

Wie erwartet Kurssprung:

Handelsplätze

Börse Datum/Zeit Akt. Kurs Diff.%
Australien 20.10./07:45 0,04 +9,37%
Berlin-Bremen 20.10./10:16 0,019 +5,56%
XETRA 15.10./13:42 0,018 +50,00%
Frankfurt 20.10./10:32 0,019 +5,56%

[superman6]

Ob wir wohl hier auf Jahrestop schliessen???

Was meint ihr.

Ich denke nur, wenn der Makler mitspielt.

[superman6]

Jetzt kommt es darauf an, wie die Börsianer
die Schlichtung mit dem Atomstreit werten.

Müsste eigentlich doch recht positiv für
Union Capital sein.