Mineral Deposits Limited: Executive Appointment-Company Secretary
MELBOURNE, AUSTRALIA -- (Marketwire) -- 08/05/10 -- Mineral Deposits Limited (TSX: MDM)(ASX: MDL) is pleased to announce that Ms Kathryn Davies has been appointed as Company Secretary, effective immediately.
About MDL
Mineral Deposits Limited is an ASX and TSX listed mining company with a current focus in Senegal, West Africa through a producing gold mine, the Sabodala Gold Operation, and a to be developed mineral sands project, the Grande Cote Mineral Sands Project.
The Sabodala Gold Operation, which poured its first gold in March 2009, is located 650 kilometres east of the capital Dakar within the West African Birimian geological belt in Senegal, and about 90 kilometres from major gold mines and discoveries in Mali. The area has only recently been opened for mining and exploration and is emerging as a significant new gold camp, with more than 10M ounces of resources already discovered.
The Grande Cote Mineral Sands Project is located on the coast of Senegal starting approximately 50 kilometres north of Dakar and extending northwards for more than 100 kilometres. The large scale of the ore body and the high quality of the zircon provides the potential to establish an operation of international significance.
Senegal is one of Africa's most successful democracies, having gained independence in 1960. It enjoys a stable and investor friendly political and social environment. The government of the Republic of Senegal is MDL's valued partner andholds a 10% free carried interest in both projects, which will accrue dividends once MDL has recovered its capital invested.
ABN 19 064 377 420
Contacts:
Mineral Deposits Limited
Nic Limb
Executive Chairman
+61 3 9909 7633
nic.limb@mineraldeposits.com.au
Mineral Deposits Limited
Rick Sharp
Chief Financial Officer
+61 3 9909 7633
rick.sharp@mineraldeposits.com.au
www.mineraldeposits.com.au