Energizer Resources Inc. (TSX:EGZ,OTCBB:ENZR,FWB:YE5) announced that it has retained the services of SGS Canada Inc. in Lakefield, Ontario to optimize its metallurgical process for the Molo graphite deposit in Madagascar.
Energizer Resources Inc. (TSX:EGZ,OTCBB:ENZR,FWB:YE5) announced a positive Preliminary Economic Assessment Technical Update for the Molo graphite deposit in Madagascar: average annual production of 84,000 tonnes per annum, average mill recovery of 89%, pre-tax NPV of $421,464,000, and a mine life of 20 years.
Energizer Resources (TSX:EGZ,OTCBB:ENZR,FWB:YE5) announced the closing of the issue of a total of 5,807,142 units of the Company at US$0.35 per Unit for total gross proceeds of US$2,032,500.
Energizer Resources (TSX:EGZ,OTCBB:ENZR,FWB:YE5) announced assay results from the remaining 23 drill holes and 8 trenches from its National Instrument 43-101 graphite resource drill program on the Molo deposit, outlining an average grade of between 5 and 8% carbon (C), with a higher grade zone between 8 and 10% C flanking the deposit on its western edge. The Company also announced the initiation of a brokered private placement for up to US$6.5 million dollars.
Energizer Resources Inc. (TSX:EGZ,OTCBB:ENZR,FWB:YE5) received additional assays from its National Instrument (NI) 43-101 graphite resource drill program on the Molo deposit, with results continuing to outline the targeted deposit size and boundaries, and grade of the Molo deposit.
Energizer Resources Inc.(TSX:EGZ,OTCBB:ENZR,FWB:YE5) entered into a Joint Venture Agreement with Australian company Malagasy Minerals Limited.The Joint Venture owned 75% by Energizer and 25% by Malagasy will focus on the exploration and development of industrial minerals.
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,FBW:YE5), is an exploration company focused on the exploration and development of its primary project, the Green Giant Vanadium Property in Madagascar. The property is one of the world’s largest 100% owned vanadium properties. Energizer is also one of the few companies actively targeting vanadium pentoxide.
In its latest press release, Energizer Resources Inc. (TSX.V:EGZ) (OTCBB:ENZR) expanded the resource at its Green Giant Vanadium Project in Madagascar to 55 million tonnes of vanadium pentoxide (V2O5) after the company recommenced its 2010 drilling program. Those estimates are up significantly from the 21 million tonnes reported in the company's NI 43-101 compliant resource estimate released last month.
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