Brisbane, Australia-Union Resources Ltd. said June 20 that it has acquired Namibian company Sea Phosphates (Namibia) Pty Ltd. (SPL). SPL holds two exclusive prospecting licenses (EPLs) issued by the Namibian government. The EPLs lie approximately 60 km offshore from the coast of Namibia between Walvis Bay and Luderitz, with a combined total area of 200,000 hectares. Union says the area has been subjected to significant exploration and evaluation since the 1970s. Companies involved in earlier exploration included Gencor, Foskor of South Africa, The Ocean Phosphates Consortium, and then finally SPL.
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