Mineral Deposits Limited is an Australia-based mining company engaged in the business of finding, mining and processing mineral sands resources. It is focused on the mineral sands sector through a joint venture interest in TiZir Limited (TiZir). The Company and ERAMET SA each own 50% of TiZir, which owns the Grande Cote Mineral Sands Project in Senegal, and the Tyssedal ilmenite upgrading facility in Norway. The Grande Cote Mineral Sands Project is located on the coast of Senegal approximately 50 kilometers north of Dakar, and is approximately 100 kilometers in length and four kilometers in width. The main Heavy Mineral (HM) deposits identified are Diogo, Mboro, Fass Boye and Lompoul. The Tyssedal ilmenite upgrading facility smelts ilmenite to produce a TiO2 titanium slag, which is sold to pigment producers, and pig iron, which is sold as a co‐product to ductile iron foundries.