Energizer Resources Inc.
Energizer Resources Inc. is a mineral exploration and mine development company based in Toronto, Canada, that is developing its 100%-owned, feasibility-stage Molo Graphite Project in southern Madagascar. Madagascar is a traditional producer, renowned for high-quality flake graphite.
The Company's February 2015 feasibility study validated the Molo graphite deposit as an economically viable project, outlining a 26-year mine life with annual average production of 53,017 tonnes of graphite concentrate.
The project anticipates a payback of less than 5 years with a post-tax Net Present Value (NPV) and Internal Rate of Return (IRR) of USD$389,797,000 and 31%, respectively.
Molo Graphite Project, Southern Madagascar
Energizer's 100%-owned Molo graphite project is located near the village of Fotadrevo in the Province of Toliara, southern Madagascar. The Molo graphite deposit is situated 160 kilometers (km) southeast of the city of Toliara, in the Tulear region of southwestern Madagascar and 220 km NW of the port town of Fort Dauphin.
Project Highlights and Advantages
Management and Directors
Craig Scherba, P.Geol., President & Chief Executive Officer, Director
Mr. Scherba also serves as Vice President, Exploration of MacDonald Mines Exploration Ltd., Red Pine Exploration Inc. and Honey Badger Exploration Inc. Mr. Scherba's expertise includes supervising large Canadian and international exploration. Mr. Scherba was an integral member of the exploration team that developed Nevsun Resources' high grade gold, copper and zinc Bisha project in Eritrea.
Robin Borley, B.Tech, Mining Engineering, Certified Mine Manager, Senior Vice President, Mine Development
Mr. Robin Borley has more than 25 years of international mining experience building and operating mining ventures. He has held senior management positions both internationally and within the South African mining industry.
Marc Johnson, CFA, Chief Financial Officer
Mr. Johnson is a senior executive with over 19 years of experience. Mr. Johnson is a Principal at Quantum Advisory Partners LLP, and is also the CFO of Red Pine Exploration Inc. and Y Gold Resources.
Brent Nykoliation, B.Comm (Hons), Senior Vice President of Corporate Development
Mr. Nykoliation has a career that has spanned 15 years in various senior management roles in marketing and corporate development with notable industry leading companies such as Nestle, Home Depot and Whirlpool.
Quentin Yarie, P.Geo., Senior Vice-President of Exploration, Director
Mr. Yarie is President & CEO of Red Pine Exploration Inc., Senior Vice-President of Exploration for Honey Badger Exploration Inc. and Senior Vice-President of Exploration for MacDonald Mines Exploration Ltd.
Roland Fok Seung, Chartered Accountant and Madagascar Country Manager
Mr. Fok Seung employed as Energizer's Madagascar Country Manager for the past 5 years, Mr. Fok Seung is based full time in Madagascar and will continue to act in this capacity with a focus on financial related business activity.
Board of Directors
John P. Sanderson, Q.C., Chairman
Legal strength; senior arbitration lawyer
Craig Scherba, P.Geol., Director
Geotechnical strength; geologist
Quentin Yarie, P.Geo., Director
Geotechnical strength; geophysicist
Dean Comand, Director
Technical strength; Ex-VP Operations of Sherritt, engineer, mine construction experience
Dalton Larson, Director
Legal strength; senior arbitration lawyer with project investment expertise
Robin Borley, Director
Technical strength; engineer, mine construction and management experience
Albert A. Thiess, Jr., Director
Financial strength; former Senior Partner with Price-Waterhouse-Coopers
Please refer to Energizer's website www.energizerresources.com for complete biographies.
On March 2, 2017, Energizer Resources Inc. announced that it expects to complete a detailed engineering study on its 100-per-cent-owned Molo graphite project in Madagascar by March 31, 2017. Detailed engineering represents the final stage of project development.
The Company also announced that Johann de Bruin, former managing director of DRA Africa has joined Energizer as mining engineer consultant, in preparation for commencement of mine construction.