Energizer Resources Inc. (TSX:EGZ) (OTCQX:ENZR) (WKN:A1CXW3) (“Energizer” or the “Company”) is pleased to announce the appointments of Mr. Dean Comand and Mr. Dalton Larson as independent members to the Board of Directors of Energizer. Both individuals are highly respected in their fields and have significant and relevant mining industry experience, which will be invaluable for the next phase of Energizer’s development.
Mr. Comand, P. Eng, CET MMP CDir, is a Mechanical Engineer with extensive Madagascar mining operations experience and holds his P. Eng designation in the province of Ontario as well as designation as a Certified Engineering Technologist. Mr. Larson is a Canadian attorney with more than 35 years as a member of the Law Society of British Columbia and has significant experience in the capital markets, specifically the equity and debt sectors.
Mr. Comand is a former executive of Sherritt International, where he held the position of Vice President of Operations for Sherritt’s Madagascar Ambatovy Project, which is one of the largest lateritic nickel mines in the world. Ambatovy is a joint venture between Sherritt International, Japan’s Sumitomo Corp, Korea’s Resources Corp (KORES) and Canada’s SNC Lavalin Inc.. Mr Comand is a Professional Engineer (P.Eng) and Certified Engineering Technologist (CET) who earned his Maintenance Manager Professional Designation (MMP) license in 2006 and his Charter Director designation (C.Dir) in 2012. He is currently consulting for numerous clients around the world in the mining and energy sectors. Mr. Comand spent the past 3.5 years in Madagascar and successfully led the organization through construction, commissioning and operations of the project to commercial production. Throughout his career he has consistently held senior positions in complex operations, business development, environmental management, maintenance, and project construction.
Mr. Larson is a former partner of a major Vancouver Law firm, now McMillan LLP and currently maintains a private practice along with a successful investment business. As an expert in alternate dispute resolution, Dalton has extensive experience as a professional arbitrator and mediator. He holds a Masters Degree in law from the University of London, England and has served more than 25 years as a director of several investment funds managed by the CW Funds group of companies, affiliated with Ventures West Management Inc., which was one of the largest venture capital firms in Canada. He has served as Chairman of the Board of Directors of a Philippine ethanol company and was a founding shareholder and first Chairman of the Board of Directors of the First Coal Corporation, which started operations in 2004 and raised in excess of $65 million in equity to finance its development activities. This company was sold to Xstrata in 2011 for in excess of $150 million.
The Company also wishes to advise that Mr. Johann de Bruin will be stepping down from the Board to focus on his increasing responsibilities at DRA as Managing Director. Mr. de Bruin, who has served as a member of Energizer’s board since 2012, provided guidance to the board relating to African mineral project development as well as supporting the transition of Energizer from an exploration company to a fully-fledged producer. The earlier appointment of Mr. Robin Borley, a former Director of DRA, and now Mr. Dean Command have augmented the team sufficiently from an operations and technical standpoint to continue to provide these inputs. Mr. de Bruin will continue to act as a key advisor to Energizer and remains the primary liaison between DRA and the Company, as he has over the past four years.
Peter Harder, Chairman commented, "We are very pleased to add two highly respected and accomplished mining executives as independent board members. Dean’s extensive technical knowledge of operations and optimization of process efficiency, as well as hands-on experience in Madagascar, will be a considerable asset to the Company as we move toward finalizing our feasibility study and the next phase of development. Dalton’s expertise in mediation and project investment experience will greatly assist us in our continued efforts and negotiations with regards to project financing and off-take arrangements.
I would also like to take this opportunity on behalf of the Board to sincerely thank Johann for his service, guidance and input over the past several years as a director in helping to move the Company forward. We wish him every success with his new responsibilities at DRA and remain grateful that he will provide continued oversight on the project.”
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 is one of the largest known all-flake graphite deposits in the world and hosts a NI 43-101 compliant measured mineral resource of 23.62 million tonnes (MT) grading 6.32% carbon (C), an indicated mineral resource of 76.75 MT grading 6.25% C and an inferred mineral resource of 40.91 MT at 5.78% C, for a combined total of 141.28 MT at 6.13%C, above a 2% C cut off.
Energizer expects to release the results of a feasibility study in respect of the Molo Graphite Project in the next 60-90 days. For more information on the Molo Graphite Project, please refer to the Company’s technical report entitled “Molo Graphite Project, Fotadrevo, Province of Toliara, Madagascar, Preliminary Economic Assessment Technical Report Update” dated April 12, 2013 available under the Company’s profile at www.sedar.com for a discussion in respect of certain key assumptions, parameters and methods in respect to the mineral resource disclosure.
Mr. Craig Scherba, P.Geo., President and COO is the qualified person who reviewed and approved the technical information provided in this press release.
For more information, please contact:
Brent Nykoliation, Senior Vice President, Corporate Development, +1.416.364.4911
or Craig Scherba, President and COO, email@example.com