Stocktube video - Energizer Resources positioned to become major supplier to world graphite market - PDAC2013Craig Scherba, President and COO of Energizer Resources (TSE:EGZ), tells Proactive Investors why he has high hopes for the firm's Green Giant Graphite Project in Madagascar. He also explains why graphite is such an important commodity, and just how the nature of that market is changing. - PDAC2013
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Energizer Resources Inc. is a mineral exploration and development company based in Toronto, Canada, which is developing its Green Giant Graphite Project in Madagascar.
The Company is developing the Molo flaked graphite deposit in Fotodrevo, southern Madagascar. The Molo deposit is located in the Green Giant Graphite project, and is part of the joint venture (JV) property with Malagasy Minerals Limited in Madagascar. Energizer has a 75% ownership interest and is the operator of the Project.
The Company recently completed its resource drill program consisting of 47 holes, totalling 9,246 metres and had the distinction of releasing the largest intersection of graphite ever reported: 421.3 metres grading 6.18% carbon (C). Energizer will release a National Instrument (NI) 43-101 compliant resource on the Molo deposit in November 2012.
The Company will be following up its NI 43-101 resource statement with the release of a Preliminary Economic Assessment study in December 2012.
In addition to the Toronto Stock Exchange (TSX: EGZ), the Company’s common shares trade on the U.S. Over-The-Counter Bulletin Board under the symbol, ENZR, and on the Frankfurt Exchange under the symbol, YE5.
The Green Giant Project, located in Madagascar, comprises of several 100% owned claims and additional claims through a 75% ownership interest joint venture partnership (JV) with Malagasy Minerals. The project has the potential to become a flake graphite camp however the Company’s immediate focus is on the Molo graphite deposit located on the JV property.
Primary Product: Flake Graphite
Property Location: South Central Madagascar, 145 km SE of the city of Toliara, Tulear Region (Figure 1, Property location).
Land Position: 2155 licences, 1052.7 km2 (36 licences 100% owned, 2119 JV licences 75% owned) (Figure 2).
Click images to enlarge
The Molo deposit is located in the Green Giant Graphite project in southern Madagascar, and is part of the joint venture (JV) property with Malagasy Minerals Limited in Madagascar. Energizer has a 75% ownership interest and is the operator of the Project.
The Green Giant Vanadium Project, located in Madagascar, is one of the largest known vanadium deposits in the world. The project comprises of several 100% owned claims and additional claims through a 75% ownership interest joint venture partnership (JV) with Malagasy Minerals.
Energizer’s deposit is unique from other known Vanadium deposits because it is sediment-hosted and not magnetite-hosted like the majority of other known Vanadium deposits. As a result, the project would produce as a primary product, a clean liquor requiring less processing to produce the high purity (99.5%), battery-grade vanadium.
Kirk McKinnon - CEO & Chairman, Director
J.A. Kirk McKinnon has served as Chief Executive Officer and a director since April 2006. He brings over 25 years of senior management experience to the Company. Mr. McKinnon is currently President and CEO of MacDonald Mines Exploration Ltd. and Red Pine Exploration Inc., both of which are resource exploration companies headquartered in Toronto, Canada. Previously, Mr. McKinnon held senior management positions with several high profile Canadian corporations, including Nestle Canada.
Craig Scherba, P.Geol. – President & COO, Director
Mr. Scherba was appointed as our President and Chief Operating Officer during September 2012 and a director during January 2010. Mr. Scherba served as Vice President, Exploration of the Company from January 2010 to September 2012. Mr. Scherba also servers as Vice President, Exploration of MacDonald Mines Exploration Ltd., Red Pine Exploration Inc. and Honey Badger Exploration Inc., all of which are resource exploration companies trading on the TSX - Venture Exchange. In addition, Mr. Scherba was professional geologist with Taiga Consultants Ltd. (“Taiga”), a mining exploration consulting company from March 2003 to December 2009. He was a managing partner of Taiga between January 2006 and December 2009. Mr. Scherba has been a professional geologist (P. Geol.) since 2000, and his expertise includes supervising large Canadian and international exploration. Mr. Scherba was an integral member of the exploration team that developed Nevsun Resources’ high grade gold, copper and zinc Bisha project in Eritrea. Mr. Scherba served as the Company's Country and Exploration Manager in Madagascar during its initial exploration stage.
Peter Liabotis – Senior Vice President & CFO
Mr. Liabotis was appointed as our Chief Financial Officer on September 19, 2012. From October 2009 through September 18, 2012, Mr. Liabotis served as our company’s Vice President – Finance. Mr. Liabotis also currently serves as Vice President - Finance of MacDonald Mines Exploration Ltd., Red Pine Exploration Inc. and Honey Badger Exploration Inc., all of which are resource exploration companies trading on the TSX - Venture Exchange. From August 2008 to September 2009 Mr. Liabotis worked for EFG Wealth Management (Canada), Ltd assisting with accounting matters and Canadian mutual fund launches. From July 1998 through July 2008, Mr. Liabotis was the Senior Vice-President and Chief Financial Officer of Olympia Capital (Bermuda) Ltd, a Bermuda corporation. Prior to July 1998, Mr. Liabotis worked for two years at PriceWaterhouseCoopers in Bermuda and two years with KPMG in Canada Mr. Liabotis is a member of the Board of Directors of Honey Badger Exploration, Inc. Mr. Liabotis is a Chartered Accountant (through the Institute of Chartered Accountants of Ontario), received his Bachelor of Commerce, Honours from the University of Windsor and received his Bachelor of Arts from the Western University (in Ontario, Canada).
Richard Schler – Executive Vice President Operations, Director
Richard E. Schler, MBA, has been our Vice President and a director since April 2006. He is also currently serving as Vice President and Chief Financial Officer of both MacDonald Mines Exploration Ltd. and Red Pine Exploration Inc., both of which are resource exploration companies headquartered in Toronto, Canada. Before joining these companies, Mr. Schler held various senior management positions with noted corporations. He also has over 25 years of experience in the manufacturing sector.
Brent Nykoliation – Senior Vice President of Corporate Development
Brent Nykoliation brings significant skills and experience to the Company. With a career that has spanned 15 years in various senior management roles in Marketing and Business Development (Nestle), Retail Sales and Merchandising (Home Depot) and Merchandising Operations (Whirlpool), Brent is well positioned to market Energizer Resources’ exploration initiatives.
Jacob McKinnon - Vice President of Operations
Over the last 6 years, Mr. McKinnon has been exposed to all levels of the mining industry which has given him the necessary experience to take on the role as director of Operations. He is currently the VP of Operations for three TSX Venture Exchange listed companies: MacDonald Mines Exploration Ltd., Red Pine Exploration Inc. and Honey Badger Exploration Inc.
Joseph Heng, CA – Corporate Secretary
Joseph Heng is a Chartered Accountant with over 36 years of industry experience in public accounting.
Roland Fok Seung - Chartered Accountant and Madagascar Country Manager
Mr. Fok Seung is a Chartered Accountant of the Institute of England and Wales and the Association of Chartered Certified Accountants. Employed as Energizer’s Madagascar Country Manager for the past 5 years, Mr. Fok Seung is based full time in Madagascar and will continue to act in this capacity with a focus on financial related business activity.
As of January 1, 2012
Shares Issued: 156,697,178
Outstanding Options: 19,105,000 (Exercise between US$0.15-$0.40, expire between July 2011 & October 2014)
Outstanding Warrants: 43,619,694 (Exercise between US$0.10 - $0.58, expire between June 2011 & May 2013)
Fully Diluted Shares: 216,421,872
Market Capitilization (USD): 49 Million
52 wk High: $0.70
52 wk Low: $0.15
Ownership: Management 9%
141 Adelaide Street West Suite 520
Toronto, Ontario, Canada, M5H 3L5
Toll Free: 1.800.818.5442
Senior Vice President – Corporate Development
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