Malagasy Announces Update On Graphite Joint Venture

Malagasy Minerals Limited (ASX:MGY) announced an update on its Malagasy graphite joint venture project in Madagascar.

As quoted in the press release:

Under the joint venture terms, Energizer Resources Inc. (“EGZ”) own a 75% interest and MGY retains a 25% free-carried interest in a defined set of industrial minerals (including graphite and vanadium) through to completion of a Bankable Feasibility Study. MGY retains a 100% interest in all other minerals.