Company Profile

Mineral Deposits Limited (ASX: MDL) is an Australian based mining company in the business of finding, mining and processing mineral sands resources.

MDL owns 50% of TiZir Limited which owns the world-class Grande Côte Mineral Sands Project in Senegal, West Africa and an ilmenite upgrading facility in Tyssedal, Norway.

Grande Côte, with construction complete and mining underway, is anticipated to produce on average approximately 85ktpa of zircon and 575ktpa of ilmenite (and small amounts of rutile and leucoxene) when in full production over an expected mine life of at least 20 years.

The Tyssedal ilmenite upgrading facility smelts ilmenite to produce a high-TiO2 titanium slag which is sold to pigment producers and a high purity pig iron which is sold as a valuable co-product to ductile iron foundries. The facility currently produces approximately 200ktpa of titanium slag and 110ktpa of high-purity pig iron.

Once Grande Côte reaches expected average production rates, TiZir will be producing approximately 7% of both global zircon and titanium feedstock supply.

Corporate Directory

Registered Office

Level 17
530 Collins Street
Melbourne, Victoria 3000
Telephone: +61 3 9618 2500
Facsimile:  +61 3 9621 1460

Senegalese Office

Building Atryum Centre – 2nd floor
6, route de Ouakam
Telephone: +221 338 693 181
Facsimile: +221 338 603 683

Share Registry
Computershare Investor Services Pty Ltd

Yarra Falls
452 Johnston Street
Abbotsford, Victoria 3067
Phone:   1300 850 505 (within Australia)
Phone:   +61 3 9415 4000 (outside Australia)
Fax:         +61 3 9473 2500

Home Exchange
Australian Securities Exchange

Level 4, North Tower, Rialto
525 Collins Street
Melbourne, Victoria 3000

Company Secretary
Michaela Evans
BA(Hons), PhD

Michaela joined MDL in 2012 as Communications Manager – Corporate & Social Responsibility.  She has over eight years of administrative and executive assistance experience with FAR Limited, an ASX listed oil and gas explorer.  Over the years, Michaela has also been employed in a research capacity by Curtin University and The University of Western Australia.


Minter Ellison

Level 23, 525 Collins Street
Melbourne, Victoria 3000


Deloitte Touche Tohmatsu

550 Bourke Street
Melbourne, Victoria 3000

Westpac Banking Corporation

360 Collins Street
Melbourne, Victoria 3000


Nic Limb (Executive Chairman)

Nic has been Chairman of MDL since 1994. He has professional qualifications as a geoscientist and worked in the mineral exploration sector for 10 years. In 1983 he joined a stockbroking firm as a corporate financier in the natural resources finance division and subsequently joined a major international investment bank as an executive director, again working in resources finance. In 1993 he became Managing Director of a small listed gold explorer which grew to a substantial gold producer prior to being taken over in 2000.

In 1994 he formed MDL and has acted as Chairman since that time. During his tenure as Chairman, MDL has discovered and subsequently developed the large Sabodala Gold Project in Senegal and progressed the Grande Côte mineral sands project to its current commissioning status. Nic is the chairman of TiZir Limited and serves as an MDL representative on the board. He has been a non-executive director of a number of public companies over the last 20 years and currently holds a non-executive Chair position at FAR Limited and World Titanium Resources Limited

Nic is a member of MDL’s Nomination Committee.

Martin Ackland (Executive Director)

Martin is a qualified metallurgist who has spent over 40 years in the resources industry in a variety of roles that involved the creation of major resource groups from small capital bases. He has served as a director of a number of listed mining companies involved in gold, uranium and base metal production. From 1987 to 1995, Martin was an executive director of Ticor Limited (formerly Minproc Holdings Limited) where he was responsible for the successful implementation of the Tiwest Project – the world’s only integrated mineral sands mine, synthetic rutile and TiO2 pigment operation.

He brings to MDL a very strong background in project development, particularly in mineral sands, at a time when the Grande Côte mineral sands project is a primary focus of attention. His experience embraces a range from project development through financing and capital raising in both the project and corporate areas.

Martin has prime responsibility for the project implementation and engineering aspects of the Company’s projects and serves as an MDL representative on the board of TiZir Limited and TiZir Titanium & Iron AS, where his technical understanding of the FeTiO2 system is particularly relevant.

Bobby Danchin (Deputy Chairman & Non-Executive Director)

Bobby has over 40 years’ experience in the exploration industry. He was Chief Executive Officer of Anglo American plc’s Exploration & Acquisition Division and the Anglo American Group’s Deputy Technical Director (Geology).

From 1997 to 2002, he was an executive director of Anglo American Corporation of South Africa Limited. In 1980, he joined Stockdale Prospecting Limited (an Australian subsidiary of De Beers) as Chief Geologist based in Australia. He remained with that company for 15 years, eventually becoming Exploration Manager heading up its Australian-based diamond exploration programme.

Bobby is Deputy Chairman of MDL with special responsibility for corporate governance and related areas. He is a member of the Audit, Remuneration and Nomination Committees.

David Isles (Non-Executive Director)

David is a geophysicist and recognised specialist in aeromagnetic interpretation. He has worked in operational exploration with BHP Minerals and in the area of exploration technology development with World Geoscience Corporation.

Between 1995 and 2004 he held executive directorships with New Hampton Goldfields, Grenfell Resources and Gravity Capital Limited. David is also a director of Stellar Resources Limited, an Australian listed exploration company, and consults widely in his area of expertise in aeromagnetics.

David is Chair of the Audit and Remuneration Committees.

Tom Whiting (Non-Executive Director)

Tom has over 30 years’ experience in global minerals exploration management including a very successful discovery track record. He held numerous senior management roles over a 20 year career with BHP Billiton, including Vice President of Minerals Exploration BHP Billiton from 2000-2004. In this role, Tom was responsible for BHP Billiton’s global minerals exploration programme whilst based in Melbourne. His other roles included strategic overview of Brownfield’s Exploration programmes for all global BHP Billiton minerals assets. He also served on the Leadership group for BHP Billiton’s Diamonds and Specialty Products Customer Sector Group, which includes its mineral sands business.

Prior to joining BHP, Tom worked for CRA Exploration Pty Ltd based in Melbourne and Geoterrex Pty Ltd (an international geophysical contractor) in Australia and Canada. He started his career with Delhi Oil based in Adelaide, Australia. He is currently Non-executive Chairman of the Deep Exploration Technologies Cooperative Research Centre. Tom is based in Melbourne and serves as an independent, non-executive director on several boards.

Tom is Chair of the Nomination Committee and is also a member of the Audit and Remuneration Committees.

Sandy MacDonald (Non-Executive Director)
BSc(Hons) FAusIMM

Sandy has over 40 years’ experience specialising in the design and construction of non-ferrous metallurgical and other mining projects.  For the last 10 years Sandy has worked as an independent consultant on process design and implementation, technology development, plant expansion and project management for companies including TiZir Limited, BeMaX Resources NL, Tiomin Resources Inc, Xstrata Copper Limited, Western Mining Limited and BHP Billiton Limited.

As a co-founder and technical director of Ausenco Limited, Sandy was responsible for feasibility studies and projects for a wide variety of mineral sands companies, including Iluka Resources, TiWest, Kenmare Resources plc, Murray Basin Titanium and Basin Minerals Limited, as well as other mineral processing companies.  He has also held senior engineering positions with Minproc Engineers, Noranda of Canada, Allis Chalmers of Great Britain, and Nchanga Consolidated Copper Mines of Zambia.  In addition to acting as a director of Ausenco for 14 years, Sandy has also been a non-executive director of Austpac Resources NL.  He holds a Bachelor of Science (Honours) degree in Chemical Engineering from Edinburgh University and is a Fellow of the Australasian Institute of Mining and Metallurgy.

Sandy is based in Queensland and currently holds no other directorships.