MDN reports to its shareholders that African Barrick Gold plc, the project operator at the Tulawaka gold mine in Tanzania has reached an agreement with STAMICO, the Tanzanian State Mining Corporation, whereby STAMICO will acquire the Tulawaka Gold Mine and certain exploration licenses surrounding Tulawaka for consideration of US$4.5 million and the grant of a 2% net smelter royalty on future production in excess of [...]
MDN is pleased to announce that it is in a position to develop a new production scenario and enhance the economic feasibility of the Crevier project. Positive metallurgical results and the strengthening of niobium and tantalum markets since 2010 have allowed for a scenario where production is increased from 4,000 to 6,000 tonnes per day and diversified to include tantalum oxide, niobium oxide and a niobium hydroxide that [...]
MDN is pleased to announce the signature of a letter of intent with Tanzania Minerals Corporation, pursuant to which MDN is granting an option to TZM to acquire a 50% undivided interest in its interest in the prospecting licences of the Ikungu property to TZM. The Ikungu property covers 17.9 km2 and lies 17 km southwest of Musoma and 135 km northeast of Mwanza, Tanzania's second largest city. To acquire such 50% undivided [...]
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