Energizer Resources Releases Preliminary Economic Assessment for the Green Giant Molo Graphite Project

Energizer Resources Inc. (TSX:EGZ,OTCBB:ENZR,FWB:YE5) announced the Preliminary Economic Assessment Technical Update for its Molo graphite deposit in Madagascar: Pre-tax NPV of $421,464,000, average mill recovery 89%, average annual production of 84,000 tonnes per annum, and a mine life of 20 years.

As quoted in the press release:

Pre-tax NPV (10% Discounted, real)    $421,464,000
Pre-tax IRR (Real)    48%
Post-tax NPV (10$ Discounted, real)    $341,803,000
Post-tax IRR (Real)    41%
Payback    3.0 years
Mine life    20 years
Graphite sale price $1564 per tonne
Average Head Grade    8.50%
Average annual ore mined    1,169,749 tonnes per annum
Average stripping ratio    1.65
Average mill recovery    89%
Average annual production    84,000 tonnes per annum
Capital cost    $162,043,315
Mining cost    $4.76 per tonne mined (Initial LOM)
Processing cost    $22.29 per tonne milled
Transportation cost (FOB port)    $105.00 per tonne concentrate

Energizer Resources President and COO Craig Scherba said:

We have completed our stated objective to deliver both a NI 43-101 resource and a PEA on the Molo Project. This PEA provides the necessary information to the market for quantified evaluation of the Molo deposit.

Click here to read the Energizer Resources Inc. (TSX:EGZ,OTCBB:ENZR,FWB:YE5) press release

See this press release on Marketwire
Click here to see the Energizer Resources Inc. (TSX:EGZ,OTCBB:ENZR,FWB:YE5) profile.

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