Energizer Resources Enters Into Industrial Minerals Joint Venture With Australia’s Malagasy Minerals

- October 5th, 2011

Energizer Resources Inc. (TSX:EGZ,OTCBB:ENZR,FWB:YE5) announced that it has entered into a binding Heads Of Agreement for an industrial minerals exploration and development joint venture with Australian company Malagasy Minerals Limited (ASX:MGY).

As quoted in the press release:

Energizer Resources Inc. (TSX:EGZ,OTCBB:ENZR,FWB:YE5) announced that it has entered into a binding Heads Of Agreement for an industrial minerals exploration and development joint venture with Australian company Malagasy Minerals Limited (ASX:MGY).

As quoted in the press release:

Under the HOA, a new joint venture company (“JV Co”) will be formed and owned 75% by Energizer and 25% by Malagasy. The JV Co will have the right to explore for a defined group of industrial minerals (listed in full below) and in particular vanadium, within specifically defined permits on the newly expanded land position. The new land position covers an area comprising of 2,119 claims and totals 827.7 square kilometers, which is about 3.5 times the size of the Green Giant property.

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