HomeGoldSabodala on track for 160 000 oz this year

Sabodala on track for 160 000 oz this year

The coarse ore
stockpile at Sabodala
Melbourne, Australia — MININGREVIEW.COM — 26 August 2009 – Mineral Deposits Limited (MDL) “’ an Australian-based resource company listed on the Australian and Toronto stock exchanges “’ has announced that the third tonne “’ or 96 450 oz of gold “’ has been produced from its newly-commissioned Sabodala gold mine in Senegal.

Revealing this in a letter to the Australian Stock Exchange, MDL confirmed that it remained on track to produce 160 000 ounces of gold in calendar 2009.

Equally significantly, the announcement said that the treatment plant had processed its one millionth dry tonne of mineralised material at Sabodala. This milestone was equivalent to 2.3 Mtpa, and exceeded the nameplate capacity of 2 Mtpa.

The announcement added that, to complement the company’s operating performance, MDL’s lost time injury frequency rate since start-up remained at zero. It said this excellent achievement demonstrated that site management had established a very safe operating environment

The Sabodala gold mine is operated through Sabodala Gold Operations SA (SGO), which is 10%-owned by the Government of the Republic of Senegal and 90% by MDL. The mine is located some 650 km east of the capital, Dakar, and about 90 km from major gold mines and discoveries in Mali.