Energizer Resources Inc. is a mineral exploration and development company based in Toronto, Canada, which is developing its Green Giant Graphite Project in Madagascar.
The Company is developing the Molo flaked graphite deposit in Fotodrevo, southern Madagascar. The Molo deposit is located in the Green Giant Graphite project, and is part of the joint venture (JV) property with Malagasy Minerals Limited in Madagascar. Energizer has a 75% ownership interest and is the operator of the Project.
The Company recently completed its resource drill program consisting of 47 holes, totalling 9,246 metres and had the distinction of releasing the largest intersection of graphite ever reported: 421.3 metres grading 6.18% carbon (C). Energizer will release a National Instrument (NI) 43-101 compliant resource on the Molo deposit in November 2012.
The Company will be following up its NI 43-101 resource statement with the release of a Preliminary Economic Assessment study in December 2012.
In addition to the Toronto Stock Exchange (TSX: EGZ), the Company’s common shares trade on the U.S. Over-The-Counter Bulletin Board under the symbol, ENZR, and on the Frankfurt Exchange under the symbol, YE5.