Emerging world-class graphite province in Southern Madagascar:
FLAGSHIP MANIRY PROJECT
Large area of outcropping hills of high-grade graphite
Surface sampling has defined consistent grades of 8 to 12%C over large areas with lenses up to 50%C
Initial mineralogical evaluation has confirmed the large flake size quality aspects of the graphite
Initial metallurgical test work underway
Exploration target within100 metres of surface of 200–250 Mt grading between 8 and 12%C
Series of high-grade graphite lenses located to the immediate north of the Energizer Resources Inc. Molo Project.
Strategic position to provide higher grade to feed to the Molo Graphite Project (5-15km haulage).
Geophysical evidence indicates a larger concealed system beneath the known extents of the mineralisation.
MOLO GRAPHITE PROJECT (Energizer Resources Inc.)
Recent sale of 25% in the Molo Graphite JV to focus on 100% owned assets:
On execution: C$400,000 cash / 2,500,000 shares (12mth escrow period), 3,500,000 EGZ warrants
On completion of BFS: C$700,000 cash / 1,000,000 shares
Commencement of mining: C$1,000,000 cash / 1.5% Net Smelter Return on all production
1. In accordance with Clause 17 of the JORC Code 2012 any reference to “Exploration Target” in the announcement in terms of target size and type should not be taken as an
estimate of Mineral Resources or Ore Reserves. The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a Mineral
Resource and it is uncertain if further exploration will result in the definition of a Mineral Resource. The ”Exploration Target” is based upon exploration and geological work
Malagasy has completed at the Maniry Project. Tonnage and grade ranges were determined by calculating the surface area of the defined outcrops of visually high grade
graphite mineralisation, applying a conservative specific gravity(SG) factor and projecting the mineralisation to a maximum depth of 100m. Active exploration programs of
trenching and drilling have been planned to test the validity of the exploration target.