Stormcrow Capital Ltd. Initiates Coverage of Energizer Resources Inc.
Energizer Resources Inc. (TSX: EGZ) (OTCQX: ENZR) (WKN: A1CXW3) (“Energizer” or the “Company”) is pleased to announce that Stormcrow Capital Ltd. (“Stormcrow”), a Canadian research and technical consulting firm specializing in critical materials, has initiated equity analyst coverage of Energizer Resources.
The initiation research report dated August 25, 2014 on Energizer Resources is available on Stormcrow’s corporate research website at www.stormcrow.ca/research/ or by contacting the analyst, Dr. Jon Hykawy at Stormcrow. For more information or questions about Energizer and the Molo Project, please call investor relations at +1.416.364.4911.
All reports on Energizer prepared by analysts represent the views of such analysts and are not necessarily those of Energizer. The Company is not responsible for the content, accuracy or timelines contained in an analyst’s report. In addition, readers should be aware, and are cautioned, that opinions, estimates, or forecasts contained in research analyst reports are not subject to the requirements of Canadian National Instrument 43-101 (“NI 43-101”) “Standards of Disclosure for Mineral Projects”. As such, Energizer does not imply that any of the reports, opinions, estimates, or forecasts regarding Energizer made by research analysts complies with NI 43-101. Readers should only refer to the technical report(s) of Energizer relating to the Molo Graphite Project for information about the project prepared in accordance with NI 43-101.
About Energizer Resources
Energizer Resources is a mineral exploration and mine development company based in Toronto, Canada, that is developing its 100%-owned, flagship Molo Graphite Project in southern Madagascar.
The Molo is one of the largest known all-flake graphite deposits in the world and hosts a NI 43-101 compliant Measured resource of 23.62 million tonnes (MT) grading 6.32% carbon (C), an Indicated resource of 76.75 MT grading 6.25% C and an Inferred resource of 40.91 MT at 5.78% C, for a combined total of 141.28 MT at 6.13%C.
Energizer is at the full feasibility stage, with the Study to be released by the fourth quarter of 2014. Results of the Company’s recently completed pilot plant operation confirmed that 43.5% of the Molo deposit is classified as the premium-priced large and extra-large flake, with an average purity level in excess of 97%C achieved through standard flotation alone. The Company is targeting production in the second or third quarter of 2016.
Energizer’s total land package in southern Madagascar encompasses approximately 320 kilometres (198 miles) of continuous graphitic trends, where all graphite mineralization is immediately at surface. In addition to the Molo Graphite Project, Energizer has also identified through drilling, trenching and geological mapping at least six other zones that could be potential stand-alone graphite deposits.
For more information on the Molo Graphite Project, please refer to the Company’s technical report entitled “Molo Graphite Project, Fotadrevo, Province of Toliara, Madagascar, Preliminary Economic Assessment Technical Report Update” dated April 12, 2013 available under the Company’s profile at www.sedar.com for a discussion in respect of certain key assumptions, parameters and methods in respect to the mineral resource disclosure, or our visit our website at www.energizerresources.com.
Other than noted below, Mr. Craig Scherba, P.Geo., President and COO is the qualified person who reviewed and approved the technical information provided in this press release.
Brent Nykoliation, Senior Vice President, Corporate Development: +1.416.364.4911
or Craig Scherba, President and COO: firstname.lastname@example.org