UCL Resources Limited (“UCL”) is an Australian based public company listed on the Australian Securities Exchange (ASX: UCL).
UCL is currently focused on the exploration, evaluation and development of:
The Sandpiper Marine Phosphate Project (42.5% ownership) off the Namibian coast
The Mehdiabad lead-zinc-silver Project (24.5% ownership) near Yazd in Central Iran
The Sandpiper Marine Phosphate Project is the primary asset of Namibian registered company Namibian Marine Phosphate (Pty) Limited (“NMP”). NMP is an incorporated joint venture between UCL (42.5%), Mawarid Mining LLC ("MML") (42.5%) and Namibian registered Tungeni Investments c.c. (“Tungeni”) (15%).
The Mehdiabad lead-zinc-silver Project is the primary asset of Iranian registered company Mehdiabad Zinc Company (“MZC”). MZC is an incorporated joint venture between UCL (24.5%), Karoun Dez Dasht (45.6%), Itok GmbH (24.5%) and a number of minority shareholders (5.4%).