Choose by Industry Sector:
A Signature Collection of Significant Companies in Canada
ADF Group Inc.
Alcoa Canada
BCE Inc.
Bombardier Inc.
Canadian National Railway Company
Canadian Tire Corporation, Limited
Cara Operations Limited
Cargill Limited
CH2M HILL Canada Limited
CNW Group Ltd.
Dow Chemical Canada ULC
Four Seasons Hotels and Resorts
General Motors of Canada Limited
Glencore Canada Corporation
Goldcorp Inc.
Hydro-Québec
LifeLabs Medical Laboratory Services
Manulife Financial Corporation
McCormick Canada Co.
Medtronic of Canada Ltd.
Merck Canada Inc.
Meridian Credit Union Limited
Morneau Shepell Inc.
Nexans North America
Ontario Teachers' Pension Plan
Open Text Corporation
Otis Canada, Inc.
PCL Group of Companies
Penn West Petroleum Ltd.
Pratt & Whitney Canada Corp.
Redpath Sugar Ltd.
Royal Bank of Canada
SNC-Lavalin Group Inc.
Statoil Canada Ltd.
Tembec Inc.
Transcontinental Inc.
Focus on Energy
49 North Resources Inc
Connacher Oil and Gas Limited
Junex Inc
Focus on Mineral Exploration and Development
49 North Resources Inc
Abacus Mining & Exploration Corporation
ABE Resources Inc
Aquila Resources Inc
Arco Resources Corp
Asanko Gold Inc
Avanti Mining Inc
Benton Resources Inc
Cadillac Ventures Inc
Colombia Crest Gold Corp
Detour Gold Corporation
Focus Graphite Inc
Geologix Explorations Inc
Gespeg Copper Resources Inc
Gold Bullion Development Corp
GoldQuest Mining Corp
Grafoid Inc
Great Western Minerals Group Ltd
Guyana Goldfields Inc
Happy Creek Minerals Ltd
Hard Creek Nickel Corporation
INV Metals Inc
Laurion Mineral Exploration Inc
Legend Gold Corp
Metals Creek Resources Corporation
Metanor Resources Inc
Monument Mining Ltd
New Pacific Metals Corp
Northern Gold Mining Inc
Northern Superior Resources Inc
Orezone Gold Corporation
Pelangio Exploration Inc
Playfair Mining Ltd
Precipitate Gold Corp
Premier Gold Mines Limited
Premium Exploration Inc
Royal Nickel Corporation
Silver Fields Resources Inc
Sultan Minerals Inc
Threegold Resources Inc
Tinka Resources Limited
True North Gems Inc
Victory Nickel Inc
VMS Ventures Inc
Western Copper and Gold Corporation
Wolfden Resources Corporation
Yellowhead Mining Inc
Focus on Mining
Alhambra Resources Ltd
Capstone Mining Corp
Copper Mountain Mining Corporation
Great Panther Silver Limited
MDN Inc
New Gold Inc
Richmont Mines Inc
Rochester Resources Ltd
San Gold Corporation
Sparton Resources Inc
TVI Pacific Inc
Veris Gold Corp
 

Introduction | Operations Overview | Operations in Tanzania | Operations in Quebec

Introduction


MDN INC. («MDN») is a Canadian mining company focused on the discovery and development of new gold deposits. In 2005, MDN attained the status of gold producer through its participation in the Tulawaka mine in Tanzania. Since then, the Company has been conducting major exploration activities in the vicinity of Tulawaka. MDN is operated by an experienced team with a proven record in resource development, project management and discoveries. The Board of Directors, composed by well known industry players, and company management work in tight synergy to achieve outstanding results. MDN currently has working capital of C$23 million with no debt.

MDN Inc.’s shares trade on the Toronto Stock Exchange (TSX) under the symbol "MDN".


Operations Overview


Tanzania


• Tulawaka mine (30% MDN, 70% Barrick)

  • 2009 cash flows from Tulawaka gold mine should be $C6 to C$10 million (MDN’s share)
  • up to 750,000 oz of gold produced at Tulawaka gold mine since 2005; going toward 1 Million oz over next few years
  • 2009 production of 94 000 oz (62% from underground) at a total cash cost of US$ 407/oz
  • underground grade: 16,1 g/t Au
  • 2 years of mine life but open at depth and underground operation only reached 200 m below the surface
  • drilling program ongoing since July 2009

• 621 sq. km of gold exploration properties around Tulawaka

  • high grade/ narrow intersections (30g/t Au/3m) Ikungu high grade project
  • low grade/ large intersections (0,31 g/t Au/140m) Isambara project (100% owned)


Developing the Crevier deposit, a large niobium (Nb2O5) and tantalum (Ta2O5) resource in Quebec

  • Located in Quebec
  • 100% owned by Crevier Minerals Inc.
  • Main shareholders are MDN at 67.5% and IAMGOLD at 32.5%
  • Scoping study completed, Feasibility stage started in January 2010

Operations in Tanzania


Exploration Program $1.5 to 3 million in 2009-2010


2009 Drilling

• Isambara: A 5 km anomaly on extension of the same volcanic belt as Geita (>10 million oz Au)

• Ikungu: Quartz veins with sulphides
      • Phase I drilling following up on high grade values obtained from grab samples (35 to 70 g/t Au)


2010 Drilling

• Msasa: 2nd largest gold soil anomaly in a 50 km radius around Tulawaka mine

• Viyonza: Part of the volcanic belt hosting Bulyanhulu (>10 million oz Au)



Operations in Quebec


Crevier deposit

• A large indicated resources to be upgraded to measured category with good head grades

• Good location with regards to infrastructure, such as deep-water port, roads, electricity, labour

• Necessary financing in place up to plant construction and supportive Quebec government and financial backers

• A management team with experience in Niobium production and marketing

• A short timeline to production

• Will provide a stable supply of tantalum and niobium when the market likely to need it most

• Positive Scoping Study Highlights:

  • 18 yrs mine life at 4,000 tpd mill throughput
  • annual production of 1.7 million kg of Nb2O5 and 178,000 kg of Ta2O5
  • cash cost of $47/tonne ore
  • CAPEX of $316 million
  • at US$51/kg of Nb2O5 and US$150/kg of Ta2O5
    • Average annual cash flow of $57.5 million
    • NPV @ 5% discount of $272 million pre-tax
    • IRR of 13.9% pre-tax


Corporate Profile on Stockhouse

Printer Friendly Version
Company Listing for MDN Inc
Visit MDN Inc Website