Friday, 21 December 2012

Energizer Resources prepares for Molo PEA in Q1 next year

Energizer Resources (TSE:EGZ)(OTCBB:ENZR) provided Friday a business update, saying that its next milestone is the preliminary economic assessment for its giant Molo graphite deposit in the first quarter of next year. 
Earlier this month, the company said its mineral resource estimate for the deposit, which was defined in less than one year from initial discovery, exceeded its own expectations. 
Indicated resources totaled 84.04 million tonnes (Mt) grading 6.36% C, above a 2% C cut-off grade, and inferred resources totaled 40.34 million tonnes grading 6.29% C. 
According to Energizer, the resource currently ranks the Molo deposit in Madagascar as the largest known contained graphite deposit in the world. Mineralized zones start from the surface, and continue to a maximum depth of 385 metres, remaining open along strike and at depth. 
The company said Friday that its annual general and special meeting of 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, in downtown Toronto. 
Energizer also said it was a key presenter at the 2012 Industrial Minerals Graphite conference in London, UK earlier this month. 
More than 20 graphite resource exploration companies attended the event, along with major graphite producers and prominent battery anode producers from around the world. 
"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," said president and COO, Craig Scherba. 
"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."               
The company will be providing another update in January, as its next milestone of the Molo PEA approaches. 

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