Mineral Deposits Limited (ASX: MDL) is an Australian-based mining company in the business of mining, integrating and transforming mineral sands resources.
MDL is a growing mineral sands player through its 50% equity interest in TiZir Limited (‘TiZir’).
In 2011, MDL entered into a joint venture agreement with ERAMET, a French global resource company. Each entity owns 50% of TiZir. TiZir owns two highly strategic assets – the Grande Côte mineral sands operation (GCO) in Senegal, West Africa and the TiZir Titanium & Iron ilmenite upgrading facility (TTI) in Tyssedal, Norway.
GCO 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 25 years.
TTI smelts ilmenite to produce a high TiO2 titanium slag which is sold to pigment producers and a high purity pig iron which is sold to ductile iron foundries as a valuable co-product. The facility currently produces approximately 200ktpa of titanium slag and 110ktpa of high purity pig iron.
530 Collins Street
Melbourne, Victoria 3000
Telephone: +61 3 9618 2500
Facsimile: +61 3 9621 1460
452 Johnston Street
Abbotsford, Victoria 3067
Phone: 1300 850 505 (within Australia)
Phone: +61 3 9415 4000 (outside Australia)
Fax: +61 3 9473 2500
Australian Securities Exchange
Level 4, North Tower, Rialto
525 Collins Street
Melbourne, Victoria 3000
TRADING CODE: MDL
Robert Sennitt (Chief Executive Officer)
Rob was appointed CEO on 1 June 2015 after an initial period working with MDL on strategic and business development initiatives. Prior to joining MDL, Rob spent almost 25 years in the investment banking industry where his focus was advising companies in the natural resources sector on financial and strategic transactions. During this period, Rob was a Managing Director at RBC Capital Markets, an Executive Director at Macquarie Capital and also worked with J.P. Morgan in Australia. He has a Bachelor of Economics from the University of Sydney and is a member of the Chartered Accountants of Australia and New Zealand.
Greg Bell (Chief Financial Officer)
Greg joined MDL in 2010 as Accounting Manager to provide assistance with the demerger of the Sabodala Gold Project. He has over 15 years of accounting and corporate finance experience with BDO and Deloitte and was previously the manager of the audit team for the Company from 2003 until 2006. Greg has a Bachelor of Commerce from the University of Melbourne and is a member of the Chartered Accountants of Australia and New Zealand.
Michaela Evans (Company Secretary)
BA(Hons) PhD GradDipACG AGIA
Michaela joined MDL in 2012 as Communications Manager – Corporate & Social Responsibility and was appointed Company Secretary in 2013. She has previous ASX listed administrative and executive assistance experience and has, over the years, been employed in a research capacity by Curtin University and the University of Western Australia (UWA). Michaela has a Bachelor of Arts and Doctor of Philosophy from UWA, a Graduate Diploma in Applied Corporate Governance and is an Associate Member of the Governance Institute of Australia.
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)
BSc(Hons) MAusIMM ASIA
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 discovered and subsequently developed the large Sabodala Gold Project in Senegal and has progressed GCO to its current production ramp-up status.
Nic is the Chairman of TiZir Limited and serves as an MDL representative on the boards of TiZir and Grande Cote Operations SA. 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 with FAR Limited and World Titanium Resources Limited. Nic is a member of the nomination committee.
Period of office: 21 years.
Martin Ackland (Executive Director)
BAppSc (Prim Met) MAusIMM MAIME FAICD
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 GCO is a primary focus of attention. His experience ranges from project development through to finance and capital raising.
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.
Period of office: 11.5 years.
Bobby Danchin (Deputy Chairman & Independent Non-Executive Director)
BSc(Hons) MSc PhD FAusIMM
Bobby has over 40 years’ experience in the exploration industry. He was Chief Executive Officer of Anglo American plc’s Exploration and 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 program.
Bobby is also Deputy Chairman of MDL with special responsibility for corporate governance and related areas. He is a member of the audit, remuneration and nomination committees.
Period of office: 8 years.
David Isles (Independent Non-Executive Director)
BSc(Hons) PhD SEG ASEG AIG
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. From 2004 to 2014 David held a non-executive directorship with Australian listed exploration company Stellar Resources Limited. David consults widely in his area of expertise in aeromagnetics.
He is Chair of the audit and remuneration committees.
Period of office: 12 years.
Tom Whiting (Independent Non-Executive Director)
BSc(Hons) PhD MAppFIN MASEG AICD
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 to 2004. In this role, Tom was responsible for BHP Billiton’s global minerals exploration program whilst based in Melbourne. His other roles included strategic overview of Brownfield’s Exploration programs 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 Chair of the nomination committee and is also a member of the audit and remuneration committees.
Period of office: 3 years.
Sandy MacDonald (Independent Non-Executive Director)
Sandy has over 40 years’ experience covering operations, development, design and construction in the mining and metallurgical industries in Africa, United Kingdom, Canada and Australia. 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, 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 Limited of Canada, Allis Chalmers of Great Britain, and Nchanga Consolidated Copper Mines of Zambia.
Sandy 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.
Period of office: 1 year.