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Chris Berry, founder of research firm House Mountain Partners joins BNN to talk graphite market

Posted by AGORACOM-JC at 12:57 PM on Friday, May 4th, 2012
Chris Berry, founder of research firm House Mountain Partners joins BNN to talk about the graphite market and why it has been making waves recently.

Greg Bowes, CEO, Northern Graphite joins BNN to talk about his company and the Bisset graphite mine being developed

Posted by AGORACOM-JC at 12:37 PM on Friday, May 4th, 2012
Commodities : May 4, 2012 : Northern Graphite [05-04-12 11:50 AM]
Greg Bowes, CEO, Northern Graphite joins BNN to talk about his company and the Bisset graphite mine being developed in Ontario.

InvestmentPitch.com Produces Educational Video Discussing Supply, Demand & Uses

Posted by AGORACOM-JC at 8:39 AM on Friday, May 4th, 2012

Vancouver, British Columbia, May 3, 2012 – InvestmentPitch.com has produced an educational video discussing the supply, demand, and many uses of graphite. If this link is not enabled, please visit www.InvestmentPitch.com and enter “graphite supply” in the search box.

Graphite, which evokes images of pencils, golf clubs and tennis rackets, is becoming the darling of the investment community. Natural graphite deposits can generally be characterized as one of three types: crystalline or flake, amorphous, and lump graphite.

Due to its amazing chemical and physical properties, graphite, distant cousin to a diamond, is finding new uses across a wide range of industries. It’s ironic that in our rush to decrease our carbon footprint, we’re turning more and more to carbon products.

For example, the lithium-ion battery is one of the fastest-growing uses of graphite, with each battery containing greater than 10 times more graphite than lithium. These batteries are already widely utilized in the consumer electronics industry in mobile phones, computers and digital cameras, as well as for power tools.

Mackie Research stated “Over the near to mid-term, we expect growth in the refractory market to accelerate to compliment a continuation of strong trends in the lithium ion battery market, where approximate growth is running at 25 – 30% per year.”

According to the United States Geological Survey, fuel cells have the potential to consume as much graphite as all other uses combined.

Graphite is also projected to be a key component in next-generation pebble bed nuclear reactors, which are fuelled by tennis-ball-sized graphite spheres with uranium embedded in them. China is now building the first two commercial units, with plans to have 30 by 2020. University of West Virginia researchers say these reactors could use the world’s entire output of flake graphite.

The dominance of China as a producer with 73% of the market, coupled with measures introduced by the Chinese government to limit exports, has created a supply concern for the rest of the world.

Both the European Union and the United States have already put graphite on their critical mineral lists.

A supply squeeze is now being felt, depicted in the new prices of flake graphite which have risen dramatically over the last year.

Byron Capital Markets expects continued pressure on pricing from customers as they look for supply outside of China. Byron expects to see annual graphite demand increase from 1.1 million tones to about 2.6 million tones by 2020. Even if the lithium-ion predictions don’t pan out, Byron still sees demand steadily rising to 1.5 million tones by 2020.

Because most of the graphite mines being developed worldwide are small flake and amorphous in nature, large flake graphite will encounter the greatest demand. And with demand for graphite growing in double digits and prices reaching $2,500 to $3,000 per ton, the future for graphite companies with actual projects is excellent.

Click here to InvestmentPitch.com’s educational video discussing the supply, demand, and many uses of graphite. If this link is not enabled, please visit www.InvestmentPitch.com and enter “graphite supply” in the search box.

InvestmentPitch.com is a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals. InvestmentPitch.com specializes in producing short three minute videos based on news releases and research reports. InvestmentPitch is currently raising $500,000 from the sale of 5 million units at $0.10, by way of an offering memorandum. For more information email [email protected].

CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
[email protected]

Source: http://www.reuters.com/article/2012/05/03/idUS279550+03-May-2012+HUG20120503

Bolero jumps on graphite trend

Posted by AGORACOM-JC at 4:04 PM on Thursday, May 3rd, 2012

VANCOUVER — Proving there is still healthy demand for new graphite plays, new entrant Bolero Resources‘ share price nearly doubled after announcing it had secured some prospective graphite claims in northern Ontario.

The claims happen to be contiguous to Northern Graphite‘s Bissett Creek claim block, a property that helped propel Northern’s share price from 90¢ in mid-January to an early April peak of $3.72. And not only are Bolero’s roughly 50 km2 of claims contiguous to the 30 km2 Bissett property, but they actually fully surround it.

On news of the announcement Bolero saw 4.3 million shares traded on the Venture as it’s share price doubled from 9¢ to 18¢, and briefly traded as high as 21¢. The company has 38.6 million shares outstanding, or 53.2 million fully diluted.

To secure the property Bolero paid $50,000 on signing the deal and has agreed to pay a further $50,000 and a million shares once the Venture approves the deal. GeoInvest Enterprises, the vendor, also receives a 2% net smelter return royalty and a production royalty equal to $25 per tonne of all graphite mined from the property.

This is by no means the first time Bolero has made the most of a trend or area play.

In December 2009 the company secured an option on 44.5-sq.-km of claims contiguous to Imperial Metals ‘Red Chris project in northern B.C., later adding roughly 13 km2 more. Bolero’s property border sits roughly 5.5 km southwest of the Red Chris East Zone discovery.

After completing preliminary work in 2010 on the property, which Bolero named Red Chris South, the company announced it would be drilling four holes totalling 1,400 metres in 2011 to follow up on two identified anomalies. After announcing the 2011 work plans in early July the company’s share price spiked from around 24¢ to a high of 58¢.

The excitement quickly wore off and the share price dropped back to pre-announcement levels by early August. It was not until early March 2012, however, that the company released results from the program. Of the four holes drilled, three hit no mineralization and a fourth returned a high of 0.0075% Cu and 0.015 g/t Au.

In March 2010 the company also jumped into the rare earth market, entering into an option agreement on 226.6 km2 of claims surrounding Spectrum Mining‘s Wicheeda rare earth discovery in British Columbia. After preliminary survey work in 2010 the company drilled 1,830 metres on the Carbonatite Syndicate property to test anomalies in 2011, but none of the seven holes hit any significant alteration or mineralization, so the company did not assay the holes.

The company plans further geochemical sampling in the region in 2012, while as of the end of 2011 the company had spent roughly $790,000 in acquisition costs and $2.2 million towards deferred development expenditures on the property.

And in September 2010 the company took a go at the Yukon gold rush, acquiring 128 quartz claims covering 26.3 km2 in the White Gold district “in close proximity to recently announced discoveries by Kaminak Gold…and by Underworld Resources.”

2010 work on the White Gold claims consisted primarily of soil sampling, with the highest values found coming in at 0.042 g/t and 0.045 g/t Au. 2011 work concentrated on infill soil sampling and returned a high of 0.121 g/t Au.

Bolero ended 2011 with roughly $857,000 in working capital. The company plans to soon start extensive work on its newly secured graphite project, as well as advance its Red Chris South and Carbonatite Syndicate properties this year.

To read more Northern Miner articles, click here

Source: http://www.canadianminingjournal.com/news/bolero-jumps-on-graphite-trend/1001127495/

Northern Graphite plans to open Ontario mine next year

Posted by AGORACOM-JC at 10:57 AM on Thursday, May 3rd, 2012

If the timeline holds, Northern Graphite’s (TSXV:NGC) Bissett Creek Project will be one of the first graphite mines to open outside China since the 1990s. Bankable feasibility is scheduled for completion later this month, along with a mine closure plan. Assuming the latter is approved by the Ontario government, a year of construction will bring the project to fruition by the end of next year.

“From a mining and metallurgical point of view, the project has pretty well been de-risked,” CEO Gregory Bowes declares. “This thing had a full feasibility study done on it during the 1980s, so we’re effectively doing the second one, and all the results are consistent. So it’s low risk, technically.”

The new feas will bring firmer numbers, but a 2011 PEA projected a capex of $70 million to $80 million for an open pit producing 19,000 tonnes of graphite a year at a cash cost of $1,000 a tonne and a 40-year mine life. To put those figures in perspective, world graphite production is dropping to about one million tonnes a year while flake-graphite prices range from “at least $1,500/tonne at the lower end and $2,500/tonne for higher-end products, with higher purity and larger flake size,” according to an April 17 Industrial Minerals article by graphite authority Simon Moores.

 

At first glance, Bissett Creek’s in situ grade appears underwhelming. Using a 0.99% cutoff, the September 2011 resource estimate shows 25.98 million tonnes grading 1.81% carbon for 470,300 tonnes graphite indicated, and 55.04 million tonnes grading 1.57% C for 864,100 tonnes graphite inferred.

Bowes maintains, however, that the grade is more than compensated by “the high percentage of large flakes, the high purity, very low strip ratio, good infrastructure and the fact that our project is very scalable. We can increase production three to four times based on the resource we have now.”

He adds, “I think we’re the only graphite company that’s really completed the full suite of metallurgical testing, bulk sampling, pilot plant, all of that stuff and published the results. And I think they confirm that we have the best flake-size distribution in the industry and the highest carbon content of our graphite concentrate, so we will be producing the highest-price, premium-value product.”

Metallurgical tests released April 23 show average flake-size distribution and purity from eight locations on the deposit, including

  • 19.1% of concentrate produced +32-mesh flakes, 98.1% carbon
  • 33% of concentrate +50 mesh, 97% C
  • 23.3% of concentrate +80 mesh, 95.1% C
  • 5.2% of concentrate +100 mesh, 94% C
  • 10.5% of concentrate +200 mesh, 92.7% C

Coarse-flake sizes of +80, +50 and +32 mesh and carbon levels of 94% or better qualify for premium prices, the company states.

As feasibility progresses, the company has been working on a value-added component. Northern announced April 2 the successful manufacture of test quantities of spherical graphite, a product crucial to the battery technology that’s expected to power the future for digital devices and, especially, electric vehicles. “All lithium-ion batteries use spherical graphite, but only some graphite concentrate can be made into spherical graphite,” Bowes explains. Northern’s success led to a strategic cooperation agreement with Panacis Inc, a supplier of li-ion batteries to military, telecom, medical and renewable energy sectors.

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In February, Northern struck a cooperation agreement with Grafen Chemical Industries for graphene research. By supplying Grafen with +48-mesh and +32-mesh jumbo flake, Northern gets a 50% interest in North American patent rights to any products or processes developed by Grafen. As a graphite derivative, graphene is an R&D wonder that’s rollable, foldable, especially conductive and nearly transparent, despite being 200 times stronger than steel.

Bissett’s southeast Ontario location offers admirable infrastructure. “We are 15 kilometres from the Trans-Canada Highway, between Ottawa and North Bay, so we’re also 15 kilometres from the powerline and the natural gas pipeline,” Bowes reports. “We’re about 50 kilometres from nearby towns, so we don’t have to build a camp. We’re five hours by truck from the Port of Montreal. From there we can ship anywhere in the world. You can drive a transport truck from Toronto to the site in five hours.”

The project remains Northern’s sole interest. “Bissett Creek has enough resources that we can expand production three to four times in the future, if the demand is there. So why fiddle around with something else?”

A geologist, Bowes was Senior VP at Orezone Gold Corp (TSX:ORE), VP Corporate Development and later CFO for its predecessor, Orezone Resources, and President/CEO of San Anton Resource Corp. He’s also a director of Industrial Minerals Inc, the company that spawned Northern in the earliest days of the graphite exploration rush.

Among his colleagues is Northern President Don Baxter, who joined the company after five years as President of Ontario Graphite, which plans to reopen the Kearney Graphite Mine. Baxter worked there as Mine Superintendent and Chief Mine Engineer from 1990 to 1995. His background also includes stints with Inco and Noranda.

Technical Adviser George Hawley is a 40-year specialist in research, product development and market analysis for the industrial minerals sector.

Bowes will present a talk at OnPage Media’s May 2 Graphite Express-Conference in Toronto. “We are the leading graphite public story out there by a wide margin,” he says. “This is a supply-demand price story. The mine is very economic at current prices, and we believe the situation in China is going to get worse. So we think the outlook for prices is very positive.”

At press time, Northern Graphite had 46.4 million shares trading at $2.36 for a market cap of $109.5 million.

Disclaimer: Northern Graphite Corp is a client of OnPage Media, and the principals of OnPage Media may hold shares in Northern Graphite.

Read more articles like this at resourceclips.com.

All information on this website is: (a) for informational purposes only; (b) not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, investment advice or sponsorship of any entity or security; and (c) not necessarily reflective of the views or policy of the Financial Post. Prior to making any investment decision, it is strongly recommended that you seek advice from a qualified investment advisor. The Financial Post does not provide or guarantee any financial, legal, tax or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security or information source, especially as it relates to mining companies. For further details, please Section 22 of http://www2.canada.com/aboutus/termsofservice.html.

Source: http://business.financialpost.com/2012/05/02/northern-graphite-plans-to-open-ontario-mine-next-year/

Graphite Express Toronto Preview – Focus Metals

Posted by AGORACOM at 8:20 AM on Wednesday, May 2nd, 2012

In advance of today’s Graphite Express Conference In Toronto (which we are a proudly sponsoring), we’re happy to provide you with the following concise overview of presenting company Focus Metals.    Focus Metals is a sponsor of our site.  The  following summary is provided courtesy of this Financial Post article, written by Resource Clips.

Focus Metals’ (TSXV:FMS) Lac Knife Project in northeast Quebec has “the highest-grade graphite deposit in the world,” according to President/CEO Gary Economo. The company plans to finish its PEA in 2Q this year and, on completing permitting, begin open-pit mine construction. “We won’t need a feasibility study because we’ll have offtake agreements, and we have our financing already pretty well defined,” Economo explains. Metallurgical tests announced April 11 show the deposit holds 46.1% large flake (+48 mesh to +100 mesh) and 39% medium flake (+150 mesh to +200 mesh) with an overall global recovery test rate of 85.9%. Focus projects mine production of 20,000 tonnes per annum grading 95% C in late 2013, rising to 23,000 tpa grading 99.9% in 2014.

 Focus has a 40% interest in Grafoid Inc, a company dedicated to producing graphene using ore from Lac Knife. Focus also holds a 50% interest in the Kwyjibo Polymetallic Property in northeast Quebec.

For a more in-depth overview of Focus Metals, please go to Focus Metals Profile On AGORACOM

Regards,
George

Graphite Express Toronto Preview – Strike Graphite

Posted by AGORACOM at 8:09 AM on Wednesday, May 2nd, 2012

In advance of today’s Graphite Express Conference In Toronto (which we are a proudly sponsoring), we’re happy to provide you with the following concise overview of presenting company Strike Graphite.    Strike Graphite is a sponsor of our site.  The  following summary is provided courtesy of this Financial Post article, written by Resource Clips.

With three graphite properties in two of the world’s top mining jurisdictions, Strike Graphite (TSXV:SRK) hopes to file a resource by 4Q 2012. The company has two northeast Saskatchewan projects, Simon Lake and Deep Bay East, as well as Wagon in west Quebec. This week, Strike begins drilling the 11,800-hectare Simon Lake. The program will sink 10 holes totalling 2,500 to 3,500 metres along two conductors, one 5.5 kilometres long, the other 25 kilometres. The 5,500-hectare Deep Bay East has non-43-101 historic results of 8.58% C over 35.1 metres, 8.97% over 13.1 metres and 9.06% over 10.7 metres. Both Saskatchewan properties have roads and the ability to access power.

The company’s 3,000-hectare Wagon Property is 15 kilometres from the Lac-des-Îles Graphite Mine. Wagon’s historic outcrop samples have returned non-43-101 results ranging from 0.57% to 18.13% C. Strike also has an option to earn up to a 75% interest in the 1,600-hectare Satterly Lake Property in northwest Ontario.

For a more in-depth overview of Strike Graphite, please go to Strike Graphite Profile On AGORACOM

Regards,
George

Graphite Express Toronto Preview – Lomiko Metals

Posted by AGORACOM at 8:00 AM on Wednesday, May 2nd, 2012

In advance of today’s Graphite Express Conference In Toronto (which we are a proudly sponsoring), we’re happy to provide you with the following concise overview of presenting company Lomiko Metals.    Lomiko Metals is a sponsor of our site.  The  following summary is provided courtesy of this Financial Post article, written by Resource Clips.

1,600-hectare Quatre Milles Graphite Property 175 kilometres northwest of Montreal saw extensive historic exploration by Graphicor Resources in 1989 including prospecting, mapping, geophysics and a 26-hole, 1,625-metre drill program. Non-43-101 results include 8.07% C over 28.6 metres, 8.07% over 8.7 metres, 5.88% over 11.2 metres, 8.6% over 7.6 metres, 5.99% over 10.3 metres, 5.72% over 8.1 metres, 4.64% over 9.6 metres and 4.63% over 7.2 metres. The property’s geological features consist of intercalated biotite gneiss, biotite feldspar gneiss, marble, quartzite and calc-silicate lithologies.

Last year’s exploration on Lomiko’s 5,407-hectare Vines Lake Property found a 122-hectare zinc anomaly. The project lies in BC’s Cassiar Gold Camp and the Liard Mining District and has year-round paved road access via Highway 37N. Lomiko also holds a 1,900-hectare property in the Chilean Salt Lake known as Salar de Aguas Calientes which contains surface brines known to contain lithium, sulfate and potash.

For a more in-depth overview of Lomiko Metals, please go to Lomiko Metals Profile On AGORACOM

Regards,
George

AGORACOM Small-Cap Wire: PFN Capital 43-101 = 2.5M Ozs Platinum, Palladium, Gold; Mistago Gold Results; Toronto Graphite Conference

Posted by AGORACOM at 1:30 AM on Tuesday, May 1st, 2012

AGORACOM WIRE – TUESDAY MAY 1ST

11:00 AM EST …. BREAKING …..


PFN Capital Announces 2.5M ounces Platinum, Palladium, Gold Read More  *CLIENT

  • Measured and Indicated increased by >400%
  • Inferred mineral resources have increased by >1000%

TOP STORIES

Mistango River Resources Drills 94m of 0.946 g/t Gold Read More  *SPONSOR

TORONTO GRAPHITE CONFERENCE (Tomorrow 2:30 – 6:00)

WHY ATTEND:

  • Sponsored By AGORACOM
  • Great Speakers
  • Great Presenting Companies
  • All In Just 4 Hours – And It’s Free

AGORACOM Sponsors Presenting

Why Graphite is the High Tech Commodity of the Future Read More

NEW HUB LAUNCHED!! DISCHINO has launched the SEFE Inc. HUB

 

Energizer Releases Latest Molo Assays and Announces Resource Drill Program; Targeting 50 to 100 Million Tonne Graphite Deposit

Posted by AGORACOM-JC at 2:36 PM on Monday, April 30th, 2012

Energizer Resources Inc. CA:EGZ -1.75% ENZR +3.16% (frankfurt:YE5) (“Energizer” or the “Company”) is pleased to announce additional assay results from the Molo deposit on its Green Giant Project. The latest assays received from the Molo deposit confirm graphite mineralization is at surface, and extends to a vertical depth of at least 90 metres at grades between 6.9% and 14.6% carbon Copyright. The Molo graphite deposit is located on the joint venture (JV) property with Malagasy Minerals Limited (“Malagasy”) (asx:MGY) in Madagascar, in which Energizer has a 75% ownership interest.

Focus Will be on Molo Graphite Deposit – NI 43-101 Resource Drilling to Begin Within Two Weeks

These latest drill hole assays continue to confirm that extensive surficial graphite mineralization extends to depth over the Molo deposit. As a result, the Company is now focusing its full attention and resources behind fast tracking the delineation of a National Instrument 43-101 (NI 43-101) compliant resource at the Molo deposit. Based on work completed to date, the Company is targeting a resource between 50 and 100 million tonnes within a grade range of 6 to 10% C.

This resource delineation program is scheduled to begin within two weeks and is estimated to take two months. The resource drilling will total approximately 7,500 meters and will utilize two Boart Longyear diamond drills, which are already on site. Energizer’s exploration team, led by Senior Vice President of Exploration Craig Scherba, P. Geol., has previous experience in this regard, having already delineated a NI 43-101 compliant stand-alone vanadium resource of 49.5 million tonnes at an average grade of 0.693% V2O5 and an inferred resource of 9.7 million tonnes at an average grade of 0.632% V2O5, located on the Green Giant property.

Non-Compliant NI 43-101 Statement – The potential quantity and grade of the target graphite deposit is conceptual in nature and there has been insufficient exploration to adequately define a mineral resource in accordance with NI 43-101 requirements. Further exploration to define a compliant NI 43-101 resource will commence shortly, and although the Company sees no reason why a compliant mineral resource would not be defined there is no guarantee that further exploration will result in the target graphite deposit being defined as a mineral resource. The potential quantity and grade of the target graphite deposits have been determined through the progression of exploration methodology and initial metallurgical testing. This included airborne surveys, ground geophysics, mapping, trenching and diamond drill holes, in conjunction with assay results. The low range of the resource target is based on confirmed surficial mineralization and drill hole intersection assays to date. The high range of the resource target is based solely on confirmed surficial mineralization with no sub-surface drilling. Samples are collected in accordance with strict QA/QC protocols, and sent to accredited test facilities for obtaining assay results.

DRA Engineers to Begin Outlining Mine Site

Shortly after the commencement of drilling, DRA Mineral Projects will send an engineering team to site to begin quantifying data required for a Preliminary Economic Assessment (PEA) of the Molo deposit. During this time, DRA will begin outlining the mine site parameters, including production facilities and infrastructure.

Jumbo Flake Graphite at an Average Purity of 93% Confirmed

Preliminary metallurgical analysis indicates that Jumbo flake (i.e. +50 mesh) graphite at an average purity of 93% C can be easily liberated through simple crushing of the Molo deposit graphite.

This metallurgical insight, coupled with the wide widths and high grades quantified through assays, has prompted the Company to expedite and focus its full attention on the delineation of a NI 43-101 compliant resource at the Molo deposit.

Molo Graphite Assays Continue to Confirm Size and Grade

The Company has now received assay results from 5 of the 7 diamond drill holes completed over the Molo deposit. Of the 7 drill holes, 6 were drilled into the western arm of a fold, with a strike length of at least 2 kilometres, with the remaining hole (MOLO-06) drilled into a surficially exposed graphitic ridge 1 kilometre to the west of the central core of the Molo deposit. Of the holes received (MOLO-01 to MOLO-05), graphite mineralization was intersected to a down-hole depth of 108 metres, with composited grades ranging from 6.94% C to 14.63% C. The table below summarizes the intersections from all 5 holes received.

        --------------------------------------------------------
                                               Interval
        Drill Hole           From (m)   To (m)      (m)      C%)
        MOLO-01                     0      108      108      8.8
        incl.                      23       72       49    10.09
        incl.                      83      106       23    10.03
        MOLO-02(i)                  0       20       20     6.94
        MOLO-03                    39      126       87      7.4
        MOLO-04                   9.5       23     13.5    14.63
        MOLO-04                    50      104       54     7.27
        MOLO-05                    37      125       88     7.92
        --------------------------------------------------------
        (i)Molo-02 was drilled in the opposite direction of Molo-1
           from the same collar location.

Additional Fotsy and Fondrana Assays Confirm Multiple Stand-Alone Graphite Deposit Potential

Energizer turned its attention to graphite in November 2011, and continues to identify new graphite opportunities on its 120 kilometre-long Green Giant Project. Through the completion of 29 diamond drill holes over 3,780 metres, 20 trenches over 1,900 metres, regional sampling with 670 prospecting samples, geological mapping of 3 areas, analysis of 3 airborne geophysical surveys, and the completion of 160.5 kilometres of ground-based electromagnetic geophysical surveying, the Company has identified over 320 kilometres of graphitic trends.

The Company has now received assay results from 12 of the 14 diamond drill holes completed over the Fotsy deposit, and 5 of the 6 diamond drill holes completed over the Fondrana deposit. Graphite mineralization was intersected to a down-hole depth of 138.5 metres, with composited grades ranging from 5.19% C to 12.16% C. The table below summarizes the intersections from all recently received drill holes.

        --------------------------------------------------------------
        Drill Hole          From (m)      To (m)  Interval (m)     C%)
        FOND-04                   15        40.5          25.5    5.27
        FOND-04                   69         135            66    5.63
        FOND-06                62.05          68          5.95     6.2
        --------------------------------------------------------------
        FOTSY-07                   7       21.37         14.37    5.27
        FOTSY-07               41.44        53.7         12.26    6.34
        FOTSY-11                  12        17.5           5.5    5.74
        FOTSY-11               126.5       138.5            12    6.91
        FOTSY-12               67.43        72.5          5.07   12.16
        FOTSY-12                  74       88.75         14.75    5.49
        FOTSY-12              112.35         119          6.65     9.9
        FOTSY-13                  27          61            34    5.19
        --------------------------------------------------------------

The assay results for the Fotsy and Fondrana confirm the Green Giant Project has the potential to host multiple stand-alone graphite deposits. In order to expedite project development however, the Company will focus exploration and engineering efforts on the Molo graphite deposit.

Qualified Person

Craig Scherba, Senior Vice President Exploration and Operations for Madagascar, P.Geol., is the qualified person for the technical information provided in this release.

For more information on graphite and graphene, please visit our website at www.energizerresources.com .

We seek Safe Harbour: This press release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.

        Contacts:
        Energizer Resources Inc.
        Brent Nykoliation
        Vice President of Business Development
        Toll Free: 800.818.5442 or 416.364.4911
        [email protected]

        Energizer Resources Inc.
        Kirk McKinnon
        Chairman and CEO
        Toll Free: 800.818.5442 or 416.364.4911

www.energizerresources.com            

 SOURCE: Energizer Resources Inc.
        mailto:[email protected]

http://www.energizerresources.com