Continuous carbon fibre/carbon composites are candidates for ultra-high temperature applications due to their ability to retain their strength at elevated temperatures, however they easily oxidize and ablate in high temperature oxygen-based environments, a fact that seriously limits their applications in the aerospace industry. The introduction of ultra-high temperature ceramics (UHTCs) as a matrix in carbon fibre preforms effectively improves their oxyablation resistance at ultra-high temperatures in air atmospheres. In the present study, zirconium carbide-based ultra-high temperature ceramic matrix composites (UHTCMCs) simultaneously doped with silicon carbide and rare earth (RE) metal oxides were prepared by a slurry impregnation and pyrolysis method using phenolic resin as the bonding agent. The combination of injection and vacuum impregnation achieved a maximum density of up to 60% of theoretical. These composites were subsequently evaluated in terms of their ablation properties using an oxyacetylene (OAT) torch at temperatures of ∼2500 °C for 60 s. No significant surface damage was observed on any of the ablated samples. When ceria was used as the RE metal oxide dopant, the evidence suggests that cerium silicate was formed by the ceria dissolving in the molten silica; though this didn't appear to offer very much additional oxyablative protection. In contrast, when yttria was used, it improved the performance via stabilization of the cubic zirconia that formed on oxidation; this provided the greatest protection of all the samples tested. The combination of both ceria and yttria yielded the combined mechanism.