Malagasy Minerals Limited (ASX:MGY) reported that Energizer Resources Inc (TSX:EGZ) provided update on its industrial minerals project.

As quoted in the press release:

The Molo Zone can be characterized as follows:

• a multi-folded graphitic zone with a surface-exposed strike length of over 2 kilometres

• characterized by resistant ridges of graphite-rich rock, and abundant graphite-rich float

• individual graphitic ridges between 20 and 150 metres in width

• EM31 geophysical surveys indicate the graphite mineralization is pervasive in the area

Click here to read the Malagasy Minerals Limited (ASX:MGY) press release.