The Conversation (0)
Energizer Resources Inc. (TSX:EGZ,OTCBB:ENZR) provided an update regarding enhancements to infrastructure near Energizer’s Molo Graphite Project in Madagascar. Also, Energizer noted that Canada and the United States have made announcements regarding trade relations with Madagascar that will positively impact the Molo project.
As quoted in the press release:
The European Union (EU) has reinstated civil infrastructure development projects in Madagascar, beginning with the allocation of funds for the upgrading of the main arterial roadway, Route Nationale 13 (RN13), which connects the capital city of Antananarivo to the state-of-the-art deep water port of Ehoala in Fort Dauphin, which was constructed for and being utilized by Rio Tinto/QMM’s ilmenite sands project in the south eastern region of the country. The upgrade will include critical repairs to the RN13, beginning with the portion closest to the Molo Project and eventually ending at the port. A map showing the location of the Molo Graphite Project in relation to RN13 can be viewed by this link.
The upgrading of RN13 now positions the Port of Ehoala as a viable alternative for Energizer to consider as a shipping port and this has the potential to positively impact the Company’s projected mine economics by reducing overall transportation costs to customer destination.
Click here to read the Energizer Resources Inc. (TSX:EGZ,OTCBB:ENZR) press release
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