AMN - MADAGASCAR: Molo advances towards development

Results of a detailed engineering study on Energizer Resources’ Molo graphite project in Madagascar are expected to be released shortly. The decision to commence the study was based on the positive results of the Front End Engineering and Design (FEED) Study, which was completed in November.

Detailed engineering represents the final stage of project development and is performed before project construction starts and when the procurement of equipment to construct a mine is imminent. It encompasses FEED and consists of detailed diagrams and drawings for construction, civil works, instrumentation, control system, electrical facilities, management of suppliers, schedule of activities, cost schedules, and economic evaluation.

Also, Johann de Bruin, former Managing Director of DRA Africa (DRA), has joined Energizer as a consultant. DRA prepared Energizer's feasibility study on the Molo project in 2015 with de Bruin acting at the time as the primary liaison between DRA and the company. He also served on Energizer's board of directors from 2012 until 2014, when he stepped down to focus on his increasing responsibilities at DRA.

Johann de Bruin's mandate will be to oversee all aspects regarding the operational readiness of the Molo project as the company prepares for commencement of procurement for mine infrastructure. He will be specifically responsible for:

i) The review and formation of the Molo mine operating team

ii) The review of all mine-item cost structures to ensure that the project is optimally prepared for the implementation phase

iii) Assistance in the execution of the mine plan schedule with specific focus on cost and time management control.

He will support the company's Senior Vice-President of Operations, Robin Borley, and together will ensure that the project, post-funding, meets all operational requirements during the implementation process. Borley was the former director of mining for DRA before joining Energizer fulltime in 2013 as Senior Vice-President and Director, and is an expert in project set-up and technical mining knowledge.

The combined skill-sets honed from their respective tenures at DRA, provide Energizer with an unparalleled expertise in the successful implementation and optimized delivery of complex, multi-disciplinary mining projects in developing jurisdictions, and specifically in Madagascar.

Craig Scherba, President and CEO of Energizer said: "The decision to initiate detailed engineering indicates the advanced stage that Energizer has achieved in the development of its Molo project and our expectation that we can achieve our goal to begin producing graphite by year end.

“The addition of Johann de Bruin to our already solid engineering team signals yet another major milestone in the development of the Molo mine. The proven track record that Johann and Robin have in delivering complex projects in complex jurisdictions will further aid to reduce the overall project risk and is a differentiator to the many projects out there where management may lack the experience in delivering a mine.

“Investors can take great comfort in the fact that Energizer's team has the proven experience to deliver the project once funding is secured".

Energizer Resources is a mineral exploration and mine development company based in Toronto, Canada, that is developing its Molo Graphite Project in southern Madagascar.

www.energizerresources.com

News courtesy of International Mining