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Energizer Resources (TSX:EGZ, OTCQZ:ENZR) 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 Graphite Project is one of the largest primary sources of crystalline flake graphite in the world. The Molo Project hosts a NI 43-101 compliant indicated mineral resource of 84.04 million tonnes grading 6.36% carbon (Cg) and an inferred resource grading 6.29% Cg of crystalline flake graphite. The Company released a robust Preliminary Economic Assessment Study of the Molo in February 2013, resulting in a NPV at 10% discount of US$421 million, a 48% pre-tax IRR and a 3-year payback. Energizer has initiated a Full Feasibility Study (FS) which is expected to be released to the market by Q4 2014. Results of the Company`s recently completed pilot plant operation confirmed that 43.5% of the Molo deposit is classified as premium-priced large and extra-large flake, with an average purity level in excess of 97% carbon. Energizer is targeting full-scale production by Q2 2016.
With a mineral tenure position exceeding one million acres, Strike Diamond Corp. is the leading district-scale exploration company in the Pikoo diamond camp. With our neighbors at North Arrow Minerals Inc. having already found multiple diamondiferous kimberlites at their Pikoo project, Strike Diamond Corp. is rapidly moving forward with exploration plans centered around our goal to discover kimberlite on our large regional mineral tenure position known as the Sask Craton project.
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