Company Profile

Mineral Deposits Limited is a mineral resources company with two mining projects under development in Senegal, as well as a portfolio of quality exploration projects. It is listed on the Australian Securities Exchange (ASX: MDL) and Toronto Stock Exchange (TSX: MDM).

MDL is building a substantial open pit mining operation at the Sabodala Gold Project. The major engineering programme is well underway with construction at 70% complete, as at July 2008. Components such as the Ball and SAG mills are being constructed.

At the Grande Côte Mineral Sands Project, the mining concession was granted in November 2007 and construction planning and detailed engineering has predominantly been completed. Long lead time equipment items, such as the dredge pump, are on order.

MDL is also engaged in an active regional exploration programme with four gold projects located in eastern Senegal, all within 10-50km of the proposed Sabodala mine site. The objective is to discover additional resources for the Sabodala mill.