YES, there is a lot pos. action coming fm our JV- partner.........and the next is the folwg:
Energizer Resources Outlines Its Mine Development Plan in Response to Graphite Demand and Enhanced Quality of the Molo Graphite
TORONTO, ONTARIO--(Marketwired - Sept. 9, 2013) - Energizer Resources Inc. (OTCQX:ENZR)(TSX:EGZ)(FRANKFURT:YE5)("Energizer" or the "Company") is pleased to outline the milestones the Company has achieved on its Molo Graphite Project in Madagascar:
Completed a maiden NI 43-101 resources estimate with 9,246m of drilling, establishing the Molo as one of the largest known graphite deposits in the world; 84.0Mt Indicated @ 6.36% carbon (C) 40.3Mt Inferred @ 6.29%C
Completed a PEA study indicating robust economics: $421M Pre-tax NPV discounted @ 10%; 48% Internal rate of return (IRR); 3-year payback; $162M Capital cost
Molo graphite concentrate achieved an ultra-high purity of 99.9% Con a first-pass, single-stage hydrometallurgical purification test using conventional leach technology testing at SGS Canada Inc.
47.4% of the Molo graphite concentrate is classified as large & jumbo flake size (greater than +80 mesh).....
