Energizer said it was beginning to define a new graphite camp in southern Madagascar.
Energizer, which holds 75% of the JV with Malagasy holding the rest, said assays from the Molo zone at the prospect confirmed graphite mineralization at surface, and to a down hole depth of 108 metres at a grade of 8.80% carbon.
Energizer said the Molo Zone can be characterized as a multi-folded graphitic zone with a surface-exposed strike length of over 2km.
The prospect has been characterized by resistant ridges of graphite-rich rock, and abundant graphite-rich float with individual graphitic ridges between 20 and 150m in width.
