TICKER: EGZ:TSX.V; ENZR:OTCBB
Energizer Resources Inc. is a mineral exploration and development company based in Toronto, Canada, that is developing its Green Giant graphite project in Madagascar. The company is currently developing the Molo flaked-graphite deposit located in the Green Giant graphite project, and is part of the joint venture property with Malagasy Minerals Ltd. in Madagascar. Energizer has a 75% ownership interest and is the operator of the project. The company released a PEA in February 2013 and is targeting a full feasibility study to be completed for Q4/13.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Henry Lazenby, Mining Weekly
"According to Energizer Resources Inc.'s sensitivity analysis, in a worst-case scenario, where the opex had shot up to $628.10/t and the market price for graphite had fallen to $1,173/t, the Green Giant project still had an IRR of 23.7%. . .the company said it was looking to fast-track project development, and had indeed done so, having completed a technical report delineating the resource in December, and published the PEA in February, all within 15 months of making the discovery in November 2011."
The Metals Report Interview with Chris Berry
"Energizer Resources Inc. is currently focused on its Molo graphite deposit in Madagascar and has achieved several milestones over the past year. The company released an NI 43-101 resource report showing an extremely large deposit with significant grades, including an Indicated total of 83 Mt at 6.36% Cg and an Inferred total of 40 Mt at 6.3% Cg. A PEA was also recently published, which used relatively conservative numbers. The company has a number of partnerships in place that can help navigate the path to production. Overall, Energizer has done a great deal of work in a relatively short period of time. At first glance, the economics look promising. Now the company needs to refine them and think about the next challenges, namely offtakes and financing."
The Critical Metals Report Interview with Byron King
"In May, I went to Energizer Resources Inc. in Madagascar, off the coast of Southern Africa, to its Green Giant project. The geology is stunning—the project is located in the old core of a mountain range, buried miles deep about 350 million years ago. Now it's uplifted and eroded away with a graphite outcropping at the surface. The graphite-bearing landscape is vast. In fact, it's visible from space. The mineability is relatively simple. There's not a developed mining infrastructure in Madagascar, but all you need is earth-moving equipment and trucks. It's within proximity to the coastline and to being able to ship it out and export it to wherever it needs to go.
The quality of the graphite is quite high. We were doing our own bench-scale modeling while I was there. We had crushers and grinders. We put material in and pulled it out. Just at the bench scale, without any fancy laboratory equipment or advanced separation, we were getting about 14% graphite concentrations out of rock samples that I picked up off the ground. It has immense volumes, very significant qualities and nice grades. The next big issues for graphite are who the customers will be, where this graphite will go and what people will do with it. That's what goes into the secret sauce of a graphite play."
The Gold Report Interview with Jason Hamlin
"I also like Energizer Resources Inc. This company recently completed a drill program of more than 47 holes over 9,000m. It included the largest intersection of graphite ever reported: 421m grading 6.18 carbon, including the valuable jumbo-flake graphite at 93% purity. Plus, the mineralization is exposed at the surface, which means you can build a low-cost open-pit mine. In addition to possibly sitting on the world's largest graphite deposit, Energizer also has one of the world's largest vanadium deposits. Its PEA, expected by year-end, could well be the catalyst to push Energizer's stock price higher."
Jennings Capital Inc.
"On December 3, Energizer Resources Inc. announced results of the maiden NI 43-101 resource estimate for one of the prospects within its 261,190-acre Green Giant natural-flaked graphite resource. . .two high-grade zones discussed above have a combined total Indicated resource of 60.17 Mmt. . .with significant tonnage at a higher grade: 9% versus 6% C. Recall that on November 1, 2012, Energizer announced it received assay results from its remaining 23 diamond drill holes and 8 trenches, which the company believed validated the potential size of the Molo deposit at between 80–120 Mmt."
Energizer Resources Inc. Content
to Watch EGZ's Latest Webcast on the Development of the Molo Mine in Madagascar
to View EGZ's Corporate Presentation
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