GMP Securities Initiates Coverage of Energizer Resources Inc.
26 June 2014 - 10:00PM
Marketwired
GMP Securities Initiates Coverage of Energizer Resources Inc.
TORONTO, ONTARIO--(Marketwired - Jun 26, 2014) - Energizer
Resources Inc. (TSX:EGZ)(OTCQX:ENZR)(WKN:A1CXW3) ("Energizer" or
the "Company") is pleased to announce that GMP Securities has
initiated equity analyst coverage of Energizer Resources.
Corporate research reports, including the June 9, 2014 report on
Energizer Resources, are available for institutional clients on GMP
Securities' corporate research website at
http://www.gmpsecurities.com or by contacting the analyst, Mr.
Filipe Martins at GMP Securities Europe LLP. For more information
or questions, please call Energizer Investor Relations at
+1.416.364.4911.
All reports on Energizer prepared by analysts represent the
views of such analysts and are not necessarily those of Energizer.
The Company is not responsible for the content, accuracy or
timelines contained in an analyst's report. In addition, readers
should be aware, and are cautioned, that opinions, estimates, or
forecasts contained in research analyst reports are not subject to
the requirements of National Instrument 43-101 "Standards of
Disclosure for Mineral Projects" ("NI 43-101"). As such, Energizer
does not imply that any of the reports, opinions, estimates, or
forecasts regarding Energizer made by research analysts comply with
NI 43-101. Readers should only refer to the technical report(s) of
Energizer relating to the Molo Graphite Project for information
about the project prepared in accordance with NI 43-101.
About Energizer Resources
Energizer Resources is a mineral exploration and mine
development company based in Toronto, Canada, that is developing
its 100%-owned, flagship Molo Graphite Project in southern
Madagascar.
The Molo Graphite Project is one of the largest known
crystalline flake graphite deposits in the world. The Molo Project
hosts a NI 43-101 compliant indicated mineral resource of 84.04
million tonnes grading 6.36% carbon (C) and an inferred resource
grading 6.29% Cg of crystalline flake graphite.
Energizer has initiated a Full Feasibility Study, with results
to be released to the market by Q4 2014. Results of the Company's
recently completed pilot plant operation confirmed that 43.5% of
the Molo deposit is classified as the premium-priced large and
extra-large flake, with an average purity level in excess of 97%C
achieved through standard flotation alone. The Company is targeting
production in Q2/Q3 of 2016.
Energizer's total land package in southern Madagascar
encompasses approximately 320 kilometers (198 miles) of continuous
graphitic trends, where all graphite mineralization is immediately
at surface. In addition to the Molo Graphite Project, Energizer has
also identified through drilling, trenching and geological mapping
at least six other zones that could be potential stand-alone
graphite deposits.
For more information on the Molo Graphite Project, please visit
our website at www.energizerresources.com.
Safe Harbour: This press release may contain forward-looking
statements that may involve a number of risks and uncertainties.
Actual events or results could differ materially from expectations
and projections set out herein. The above resource estimates were
calculated in accordance with National Instrument 43-101 as
required by Canadian securities regulatory authorities. For United
States reporting purposes, Industry Guide 7 (under the Securities
Exchange Act of 1934), as interpreted by the Staff of the SEC,
applies different standards in order to classify mineralization as
a reserve. Among other things, the terms "measured", "indicated"
and "inferred" mineral resources are required pursuant to National
Instrument 43-101, the U.S. Securities and Exchange Commission does
not recognize such terms. Canadian standards differ significantly
from the requirements of the U.S. Securities and Exchange
Commission, and mineral resource information contained herein is
not comparable to similar information regarding mineral reserves
disclosed in accordance with the requirements of the U.S.
Securities and Exchange Commission.
Mineral resources are not mineral reserves and do not have
demonstrated economic viability. This mineral resource estimate
includes inferred resources that are normally considered too
speculative geologically to have economic considerations applied to
them that would enable them to be categorized as mineral reserves.
There is also no certainty that the inferred mineral resource will
be converted to the measured and indicated mineral resource
categories through further drilling, or into a mineral reserve once
economic considerations are applied.
U.S. investors should understand that "inferred" mineral
resources have a great amount of uncertainty as to their existence
and great uncertainty as to their economic and legal feasibility.
In addition, investors are cautioned not to assume that any part or
all of the Company's mineral resources constitute or will be
converted into reserves. Cautionary Statement: Neither TSX
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Exchange) accepts responsibility
for the adequacy or accuracy of this release.
Energizer Resources Inc.Brent NykoliationSenior Vice President,
Corporate
Development+1.416.364.4911bnykoliation@energizerresources.comEnergizer
Resources Inc.Craig ScherbaPresident and
COOcscherba@energizerresources.com
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