ENZR EGZ.v 421.3 metres of graphite grades 6%+ 100 million tones graphite from MOLO zone and its one of 17 zones. PEA out Q4 There are a few here, that push off Energizer due to their MGT pumping of their news now and previously, but you CANNOT deny the significance of the numbers and what they are doing. From todays press: When reading below, remember, processing will be an at surface simple scoop and crush operation. Africa s largest mine developer DRA is on board now!
Energizer has completed 22 diamond drill holes over 4,600 metres as part of our 7,500-metre resource drill program. I am pleased to announce that the Company has received assays from the first 3 holes of its recently initiated National Instrument (NI) 43-101 graphite resource drill program on the Molo deposit. Drill hole MOLO 12-01 in particular has verified 421.3 metres of graphite mineralization grading 6.12% carbon, and confirms that the Molo deposit is exposed at surface and extends to a vertical depth of over 300 metres. Our latest drill core and trench assays confirm that the graphite mineralization at Molo is wider than originally anticipated. As such, the Company believes a resource target of >100 million tonnes (MT) grading over 6% C is obtainable for the Molo deposit. This resource will be available by Q4 of this year. To help put the size of the Molo into perspective, a 100 MT deposit grading at 6% C would be capable of producing 100,000 tonnes per year of graphite concentrate (or 10% of total current annual world-wide production of natural graphite) for over 50 years. We are now focused on expediting the development of the project. Geologic and geotechnical data is being supplied on a continual basis to the Company’s technical partner, DRA Mineral Projects), which will be providing Energizer full engineering, procurement and construction management (EPCM) services to construct a modular graphite mine at Molo. DRA has also provided an independent onsite geologist to help facilitate information transfer, as well as to expedite the establishment of our NI 43-101.
Disclosure I know they are or will be exercising some lower priced options and there are some warrants, but I think this company warrants a good look. They have cash as well. Link back for more information. Checkmate28