Energizer Resources Inc. (TSX:EGZ,OCTBB:ENZR,FWB:YE5) filed the National Instrument (NI) 43-101 Technical Report for its Molo graphite project in Madagascar on SEDAR.
As quoted in the press release:
This mineral resource estimate exceeded Company expectations and consisted of the following;
- Indicated resources totaling 84.04 Million tonnes (Mt) grading 6.36% C, above a 2% C cut-off grade.
- Inferred resources totaling 40.34 Mt grading 6.29% C, above a 2% C cut-off grade.
- Mineralized zones in the resource estimation start from the surface and 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.
Energizer Resources Inc. President and Chief Operating Officer, Craig Scherba, said:
With a NI 43-101 resource estimate in hand, followed shortly with the results of our PEA, we are now fast-tracking to the BFS. We are pleased to have GMP assisting us in this important next step in our project’s development. This partnership will further increase the exposure of our Molo graphite project to potential investors in Europe and other key investor markets.
Investing in graphite? Eagle Graphite Incorporated (TSXV:EGA) owns one of only two natural flake graphite production facilities in North America. Eagle Graphite recently achieved 99.995% purity from flake graphite produced from the processing plant of the Black Crystal project in BC.
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