Energizer Resources Provides Business Update on its Green Giant Graphite Project, Madagascar
Energizer Resources Inc. (TSX: EGZ) (OTCBB: ENZR) (FWB: YE5) (“Energizer” or the “Company”) is pleased to provide a business update.
Annual General and Special Meeting
Energizer’s annual general and special meeting of the shareholders will be held on Tuesday February 19, 2013 at 10:30am at the Board of Trade conference facilities which is located in First Canadian Place, 3rd Floor, in downtown Toronto, Ontario, Canada. The record date of the meeting will be after the close of business on January 9, 2013. Proxy material for shareholders of record will be mailed out early in 2013.
Energizer Key Presenter at 2012 Industrial Minerals Graphite Conference
Energizer attended the 2nd Annual Graphite Conference held in London, UK on December 5th & 6th as key sponsor and presenter. The event was organized by London-based Industrial Minerals (IM), which has established itself as the leading industry resource for graphite and non-metallic minerals intelligence, with coverage of over 40 minerals from mine to market.
In attendance were over 20 graphite resource exploration companies, major graphite producers (excluding China) and prominent battery anode producers from around the world, with a density in North America, Europe, Australia, South America, South Africa, Japan, India and the Middle East. Industry analysts were also in attendance.
Energizer President and COO, Craig Scherba, P.Geo., commented, “We were fortunate to be given the opportunity to present our Green Giant Molo Graphite Project to the top echelon of graphite and battery producers from around the world. This was an ideal forum to further position the Molo as a deposit that is capable of meeting demand requirements for flaked graphite to both the current traditional refractory industries, as well as the rapidly developing battery power and storage industries.”
As detailed in the Company’s December 3rd, 2012 news release, the mineral resource estimate for the Molo graphite deposit exceeded Company expectations.
- Indicated resources totalling 84.04 Million tonnes (Mt) grading 6.36% C, above a 2% C cut-off grade.
- Inferred resources totalling 40.34Mt grading 6.29% C, above a 2% C cut-off grade.
- Mineralised zones in the resource estimation start from the surface, continue to a maximum depth of 385 metres and remain open along strike and at depth.
- Two ‘High Grade’ zones occur on the western and eastern flanks of the Molo deposit, with a combined total Indicated resource of 60.17 Mt, grading 8.1% C, above a 4% C cut-off grade.
This resource currently ranks the Molo as the largest known contained graphite deposit in the world.
Next Milestone – PEA Study in Q1 2013
The calculation of the Molo graphite resource in less than one year from initial discovery, is a significant accomplishment for the Company. This key milestone will be followed with the release of the Preliminary Economic Assessment (PEA) study in Q1 of 2013. The Company looks forward to providing another update in January as this milestone approaches.
Craig Scherba, P.Geol., is the qualified person for the technical information provided in this release.
For more information, please visit our website at www.energizerresources.com, or contact:
Brent Nykoliation, Senior Vice President of Business Development
Toll Free: 800.818.5442 or 416.364.4911
or Craig Scherba, President and COO