molo is only one of many

This came out in March and only comments an the JV prospects. Combined with the 100% owned assets it is a monster in the making

"Energizer VP of Business Development Brent Nykoliation tells ResourceClips.com, “What sets this project apart from others is its size. We describe it as a graphite camp. We have multiple deposits within our own property. We have 17 distinct zones so far. There’s no other project, according to the analysts that we’ve talked to, that have the scale of ours. We have over 320 line-kilometres of confirmed graphitic mineralization at surface. We’ve now drill-tested seven of the 17 zones. Assays have come back on two, the Fondrana and the Fotsy zones, and results from the Molo Zone will be coming out. The Molo Zone is very wide. Its strike length can be measured in kilometres. What sets us apart from the market is our size. Now that we’ve told the market we have large/jumbo flake, and we have over 90% purity, well, to me that’s a tri-factor. Our grades are around seven. We have samples that go as high as 22% carbon. We’ve already reported drill holes of 118 metres at 6.24%, 46 metres at 7%: so, very high grades, very wide widths, very long strike lengths. They’re open at depth, open along strike. Dundee Resources has said to us, ‘What makes you guys so compelling is you’re developing a graphite camp.’

“A camp by definition means very large, multiple deposits in a single source,” he explains. “Our project also has a 43-101-compliant vanadium resource. We’re the third-largest known deposit of vanadium, according to Dundee. So we now have a second mineral. They’re both deemed to be strategic, and graphite is now deemed critical by the EU, China and the United States, so for us to have both of those in the same place is unique.

“We have a strategic alliance with DRA Mineral Products,” Nykoliation adds. “They’re our technical partner, and they do total mine design all the way to operational mines. They do engineering, procurement, management, construction, everything. For DRA to put an equity position into a company is very rare. They’ve only done that three times and never with a company at this stage. This shows their confidence in the project.

“They’re Africa’s largest mine development company, they build and run mines for Xstrata XSRAF, Rio Tinto RIO, Vale VALE—they’re world class. For them to be partnering with little old Energizer shows we have something of interest to them. One of their directors has joined our board; another joined our special advisory committee. These aren’t silent partners; they’re very engaged