Namibian Phosphate Project Update

    RNS Number : 2002K
  Union Resources Limited
  16 December 2008
   
     



    Union Resources Limited 


    Namibian Phosphate Project Update

    As announced on 27 October 2008, Union Resources Limited ("Union"), Bonaparte Diamond Mines NL ("Bonaparte") and a Namibian company,
Tungeni Investments cc, have entered into a joint venture to develop their respective Sandpiper and Meob marine phosphate projects off the
coast of Namibia. 

    The text of an announcement made by Bonaparte on 15 December 2008 providing an update on sampling results in respect of its Moeb project
licence area EPL3323 is set out below. A map showing the proximity of Bonaparte Moeb Project licence area EPL3323 to Union's Sandpiper
Project EPL licence areas EPL 3414 and EPL 3415 is available on Union's website and was contained within the announcement made by Bonaparte
to the ASX.

    Yours Faithfully
    

    UNION RESOURCES LIMITED

    Dr Frank Reid
    Managing Director

 For further information contact:

 Enquires to:
  
 Australia:                  Union Resources Limited 
                             Dr Frank Reid - Managing Director
                             Phone: [phone]

 London:                     Hanson Westhouse Limited 
                             Bill Staple or Martin Davison 
                             0207 7601 6100  

                             Bankside Consultants
                             Simon Rothschild / Louise Mason
                             0207 367 8888

    Text of the ASX Announcement made by Bonaparte:

    ASX AND MEDIA RELEASE 

    Monday 15th December 2008

    PROGRAMME UPDATE AND POSITIVE INTERIM RESULTS FOR 
    MARINE PHOSPHATE PROJECT, NAMIBIA 

    Key Points 

    * Very encouraging results to date from the marine phosphate ("P2O5") sampling programme from 390 samples taken to date. 

    * 294 grab samples assayed have confirmed mineralisation >15% P2O5 in the fine sediment fraction (less than 1mm) over 300km2 area, with
maximum concentration of 26% P2O5 (fine fraction). 

    * 96 gravity core samples from a 10km2 focus site show 1.05m average sediment thickness with 25% P2O5 average concentration in the fine
sediment fraction (less than 1mm) and calculated whole rock concentration of 17%P2O5. 

    * Inferred JORC compliant resource estimate for (Meob Project) EPL3323 on track for completion late in December 2008. 

    * Expanded sampling programme about to start on the combined resource development area of some 1,000km2 including the adjacent
Union/Sandpiper Project area and Bonaparte/Meob project area. 

    2008 Meob Sampling Programme: 
    Bonaparte Diamond Mines ("Bonaparte" or "the Company")(ASX: BON), together with Namibian partners Tungeni Investments cc, are pleased to
advise of further sampling progress and positive initial assay results from work completed in November 2008 on the Meob Project area
(EPL3323) in Namibia. 

    To date a total of 390 samples have been recovered in a revised resource development programme of 500 samples within the EPL3323
tenement, the objective of which is to achieve JORC compliant resource estimates in both the Indicated and Inferred categories. 

    Gridded assay results from 294 grab samples collected on a wide spaced (800m x 4,000m) regional grid covering the 1,000km2 EPL3323 area
have confirmed widespread phosphate mineralisation exceeding 15% P2O5 in the fine sediment fraction (less than 1mm) occurring over an area
of some 300km2 within the tenement. A maximum concentration of 26% P2O5 (