TSX: MDM       Mineral Deposits Limited
Last Price Today's Change   Day's Range   Trading Volume
0.00   0.00 (0.00%)  0.00 - 0.00  0


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Business Background

Mineral Deposits Limited (MDL) is an Australia-based company. The principal activities of the Company during the fiscal year ended June 30, 2011 (fiscal 2011), were focused in Senegal, West Africa. The Grande Cote Mineral Sands Project is located on the coast of Senegal starting approximately 50 kilometers north of Dakar and extends northwards for more than 100 kilometers. The project area is 445.7 square kilometer and the main heavy mineral deposits identified are Diogo, Mboro, Fass Boye and Lompoul. The mining rate of 55 million tons per annum produces approximately 85,000 tons of zircon annually. Its subsidiaries include MDL (Mining) Limited, MDL (Mining) Limited, Mineral Deposits (Operations) Pty Ltd, HNFL (Holdings) Pty Ltd, Tasiast Resources Pty Ltd and Mineral Deposits International Pty Ltd. Prior to November 23, 2010, the Company disposed of its interests in Sabodala Gold (Mauritius) Limited and SGML (Capital) Limited to Teranga Gold Corporation.

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