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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (37514)	5/22/2009 7:31:53 PM
From: LoneClone	Read Replies (1) of 194685

Mineral Deposits Limited: First Tonne of Gold Poured at Sabodala Fri May 22, 4:30 PM ca.news.finance.yahoo.com MELBOURNE, AUSTRALIA--(Marketwire - May 22, 2009) - Mineral Deposits Limited (TSX: MDM.TO)(ASX: MDL.AX) is pleased to announce that over one tonne of gold (32,151 ounces) has been poured at the Sabodala Gold Mine in Senegal, west Africa since start-up of full production in early April. This milestone is a credit to the entire team at Sabodala. The plus US$220 million project is now processing material above the nominal mill capacity of 2 million tonnes per year. "The Managing Director, Jeff Williams, said the one tonne milestone is a tremendous achievement for all shareholders and has set the foundation for 2009 and beyond." The company expects to produce 160,000 ounces in calendar 2009 at a cash operating cost of between US$420-440 per ounce. The Sabodala Gold Mine is operated through Sabodala Gold Operations SA which is 10%-owned by the Government of the Republic of Senegal and 90%-owned by MDL. ABN 19 064 377 420 Contacts Jeff Williams Mineral Deposits Limited (03) 9909 7633 jeff.williams@mineraldeposits.com.au www.mineraldeposits.com.au

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