MELBOURNE, AUSTRALIA — (Marketwire) — 09/25/11 — Mineral Deposits Limited „MDL“ (TSX: MDM)(ASX: MDL) is pleased to advise of the continued ramp-up in activities of the Grande Cote Mineral Sands Project in Senegal, West Africa.
Recent major achievements have been:
The project is tracking well versus budget and remains on schedule for plant commissioning to occur mid-2013 and commencement of production late-2013.
About MDL
Mineral Deposits Limited (TSX: MDM)(ASX: MDL), is an Australian based mining company in the business of finding, mining and processing mineral sands resources.
Mineral Deposits owns 50% of TiZir Limited which, effective October 2011, owns the world-class Grande Cote Mineral Sands Project in Senegal, West Africa (currently being developed with production expected to commence late-2013) and an ilmenite upgrading plant in Tyssedal, Norway. Once Grande Cote reaches expected average production rates (85 ktpa of zircon and 575 ktpa of ilmenite), TiZir will be producing approximately 7% of both global zircon and titanium feedstock supply.
ABN 19 064 377 420
Contacts: Mineral Deposits Limited Rick Sharp Managing Director +61 3 9909 7633 +61 3 9621 1460 (FAX)
Only registered users can comment.
