MDL

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Mineral Deposits Limited, formerly Nimbus Resources NL, is an Australian-based resources company. It is focused upon developing its two projects in Senegal, West Africa: the Grande Cote Zircon Project (GCZP) and the Sabodala Gold Project (SGP). The GCZP comprises a 446 square kilometer rectangular lease approximately 50 kilometers in length. In February 2006, the Company completed the feasibility study and associated environmental requirements in the GCZP. The SGP comprises approximately 20.3 square kilometers and is located within the West African Birimian gold province. It is a joint venture between Mineral Deposits Limited (70%) and private Senegalese interests (30%). During the fiscal year ended June 30, 2006, the Company carried out drilling program in SGP.


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