DGAP-News: Energizer Resources Inc.: Energizer Resources Inc. Initiates Process for Mine Permit and Provides Update on Preliminary Economic Assessment
(firmenpresse) - DGAP-News: Energizer Resources Inc. / Key word(s): Miscellaneous
Energizer Resources Inc.: Energizer Resources Inc. Initiates Process
for Mine Permit and Provides Update on Preliminary Economic Assessment
22.08.2011 / 12:00
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Energizer Resources Inc. Initiates Process for Mine Permit and
Provides Update on Preliminary Economic Assessment
NEWS RELEASE
TORONTO, ON - August 19, 2011
Energizer Resources Inc.'s (TSX: EGZ) (OTCBB: ENZR) (FWB: YE5) ('Energizer'
or the 'Company') Green Giant Vanadium Project site located near the town
of Fotadrevo, was selected for a visit this past May by a group of
high-level ministerial officials from the Madagascar government. This
prestigious delegation was led by the Prime Minister, the Minister of
Mines, the Minister of Finance, the Secretary General, the Director General
of Mines, the Director of Geology, the head of the Madagascar police force,
the engineer in charge of environmental evaluation for the Ministry of
Mines, as well other governmental officials.
Craig Scherba, P.Geol., Vice President of Exploration, and a Director of
the Company, hosted the tour and provided a thorough outline of the planned
mine project, including the mine site and surrounding infrastructure
build-out planned for this region. The site visit served to showcase the
Green Giant Vanadium Project as the next significant mining project in
Madagascar. It also placed Energizer in a unique position by illustrating
to the government the minimal environmental and social impact expected,
given the Project location is away from populated and environmentally
sensitive areas.
The Company's engineering group DRA Mineral Resources (DRA) of South
Africa, armed with this positive outcome, has now evolved to where it has
begun to layout the mine facility, which will include a residential village
to support the future mine, with accomodations and infrastructure for a
full 550 personnel.
Craig Scherba stated, 'We are pleased that the government recognizes the
potential magnitude of our Project - both in the acknowledgement of the
minimal environmental impact our Project would have to the area, and the
positive social impact it would have to the region.' It should be noted
that during the Company's exploration programs, Energizer employs up to 50
local people daily, thereby significantly contributing a positive impact to
the area.
Craig Scherba and the Company's Vice President of Business Development,
Brent Nykoliation, will visit Madagascar next week to initiate the
permitting process for mine development.
PEA Progress To Date
Some of the key parts of the presentation being made to the Ministers will
include:
- Building Layouts are 98% complete with minor adjustments required for
the laboratory, Canteen/Shop and an additional building added for the
Power Plant Offices
- Preliminary Layouts for the buildings have been prepared and are under
review, with layouts for each building sent out for pricing
- The residential village plan is complete - designs, layout and costs.
The layout formed part of the drawing pack issued for comments /
approval. The residential village will cater for the full 550 people
and will have executive, white collar and blue collar dormitories, a
general kitchen / canteen / laundry block, a recreation block and a
small all-purpose shop
- A tool list for all mechanical equipment required in the various
workshops has been compiled with costs
- The fire fighting system is being designed and costed and is expected
to be complete in early August 2011
- The preliminary block plant layout is expected to be complete by the
end of the first week of August 2011
- The water demand and supply has been estimated and a trade off study
will be completed to determine the best option
- The water treatment plant and sewage treatment plants have been
sized and are being designed and costed including all water/sewage
storage tanks
- A logistical study to determine costs and the best options
regarding shipping and transportation to and from site and to and
from Madagascar is currently underway
- Environmental and socio-economic studies are ongoing by local
company, AGETIPA.
Metallurgical Update
The main component of the PEA study currently underway is the continued
optimization of the metallurgical process. SGS Mineral Services
(Lakefield) continues the advanced metallurgical test work as part of the
PEA to optimize the vanadium extraction process confirmed by SGS Lakefield
in 2010 under the direction of George Annandale, a consultant to the
Company and a vanadium expert with over 30 years of international
experience.
George Annandale stated, 'We are well underway in optimizing the alkaline
pressure leach process, which resulted in up to 82% vanadium extraction,
and is a well-established and proven technology that is in use today, in
particular, in connection with the treatment of uranium ores.'
Resignation of Officer and Director
The Company announces that Julie Lee Harrs, President, Chief Operating
Officer and director of the Company has resigned effective August 18, 2011
to pursue other opportunities.
The Board of Directors would like to take this opportunity to thank Ms. Lee
Harrs for her contribution and efforts over the past two years and wish her
every success in her future endeavours.
About DRA
A leading project management enterprise headquartered in South Africa, DRA
specializes in project management and engineering in mining, infrastructure
and mineral process plant design and construction. Their expertise and
services include Project Management, Infrastructure Engineering, Minerals
Processing, Materials Handling, Mining, 3D Modeling and Contract Operations
through Minopex (Pty) Ltd., who are specialists in the field of contract
operation and maintenance of metal and mineral processing facilities for
the mining sector. To learn more about DRA, please visit their website at
www.drainternational.com.
DRA has extensive experience with global mining projects. DRA's Mineral
Projects Group located in Johannesburg, South Africa will be providing
oversight on the development of Energizer Resources' Green Giant vanadium
project.
About Energizer Resources
Energizer Resources Inc. is a mineral exploration and development company
based in Toronto, Canada, which is developing its 100%-owned Green Giant
Vanadium Project located in Madagascar. The Green Giant vanadium deposit
is one of the largest known vanadium deposits in the world. 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.
For more information, please visit our website at
www.energizerresources.com, or contact:
Brent Nykoliation, Vice President of Business Development
Toll Free: 800.818.5442 or 416.364.4911
Email: bnykoliation(at)energizerresources.com
or Kirk McKinnon, Chairman and CEO
Safe Harbour Statement: 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.
Forward-looking statements include, receipt of regulatoryapproval,
statements on the proposed use of proceeds; completion of financing on
terms proposed; the ability to raise additional funds as required; the
development potential and timetable of the Company's properties and
minerals; the current and future price of minerals the Company explores;
the estimated size of mineral deposits on the Company's properties; the
realization of those mineral deposit estimates; the timing and amount of
estimated future exploration, development and production; costs of future
exploration, development and production activities; success of exploration
activities; government regulatory matters; discussion of political and
environmental risks.
Forward-looking statements are based on the opinions and estimates of
management of the Company. Forward-looking statements are subject to known
and unknown risks that may cause actual results to be materially different
from stated opinions and estimates of management. Some of the Company's
more material risks are: availability and timing of external financing;
unexpected events and delays during exploration; receipt of government and
stock exchange approvals; results of current exploration activities; future
price of minerals; political risks in the locations of the Company's
properties; appreciation/depreciation of foreign currencies relative to the
United States Dollar (the Company's functional currency) and other risks
inherent in the mining and exploration industry.
This press release does not constitute an offer to sell or a solicitation
of an offer to sell any of the securities in the United States. The
securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the 'U.S. Securities Act') or any state
securities laws and may not be offered or sold within the United States or
to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such registration is
available.
End of Corporate News
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