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Energizer Resources Inc. (TSX:EGZ) announced the results of a feasibility study for its Molo graphite deposit in Southern Madagascar.
Energizer Resources Inc. (TSX:EGZ) announced the results of a feasibility study for its Molo graphite deposit in Southern Madagascar.
As quoted in the market news:
The FS considers a mine that will produce an average of 856,701 tonnes per annum of ore, which is processed to produce an average of approximately 53,017 tonnes of graphite concentrate per annum (production commencing in 2017) over the 26 year life of mine (‘LOM’). The FS assumes that the mine is funded on a 50% debt and 50% equity basis. ‘Steady State’ (or ‘Run Rate’) costs are achieved in the third operational year onwards; the difference lies in additional expatriates on site in the first two years.
Richard Schler, CEO of Energizer, stated:
Completion of the feasibility study is a significant milestone along the development path of our Molo graphite project.We have now confirmed that our project is economically viable with a planned mine design that we believe is both conservative and realistic. It indicates the project has attractive economics and that we have one of the lowest operating costs in the industry.
Click here for the full Energizer Resources Inc. (TSX:EGZ) press release
