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MOLO Graphite Project MADAGASCAR


Why Graphite?

Graphite is essential to products we use everyday.



Graphite is an extremely unique material. It is an excellent conductor of heat and electricity, is corrosion resistant, is a natural lubricant and has almost no recycling or substitution


Tonnes of natural graphite is produced every year. Global consumption has doubled in the past decade and continues to grow


Graphite is a globally strategic commodity that has critical mineral status in the European Union and United States

Graphite Basics Graphite occurs in three natural forms: FLAKE



55% global production 45% global production <0.4% global production Most desirable Lower purity Very niche applications Greatest demand Lowest price Controlled market High purity Little growth Flat growth Highest price / Lowest supply

Itâ&#x20AC;&#x2122;s all about the flake.

The Molo deposit is 100% flake. Flake graphite is the most sought-after form. Itâ&#x20AC;&#x2122;s vital to top demand markets today and for tomorrow:

Steel Refractories 39%

Batteries 9%

Specialty Graphite (Foils) 6%

Why invest in ENERGIZER? Molo is the worldâ&#x20AC;&#x2122;s largest known all-flake graphite deposit. Extremely large and expandable resource

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Mt indicated resources at 6.36% C, above a 2% C cut-off*

Mt inferred resources at 6.29% C, above a 2% C cut-off* *N1 43-101 Compliant Resource

Robust Preliminary Economic Assessment (2013) NPV (10% discount): US$ 421M Payback: 3 years IRR: 48% (pre tax) Average head grade: 8.5% Annual production: 84,000 tonnes / year Operating costs: US$ 418 / tonne Capital costs: US$ 160 M Average selling price: $1526 / tonne Please read cautionary note on the back page.

About the MOLO Advancing a world-class graphite project to production

Madagascar is mining friendly and views mining as a key growth industry Billion dollar mining projects are established in the country Molo is situated in a flat and accessible region thatâ&#x20AC;&#x2122;s close to existing roadways and ocean ports Ideally located near key graphite demand markets: China, India, Europe, South Korea and Japan

Molo has the right expertise in place:

Energizer has the ideal team to realize the potential of Molo as a worldclass deposit

Molo’s superior flake quality meets all of the biggest demand markets’ needs:

Mine commissioning Mining permit application

Environmental impact assessment

Preliminary economic analysis


N1 43-101 resource


Pilot plant testing




Bankable feasibility study




Mine construction




Full-scale production

100% flake deposit High % of flakes are large and extra large (>+80 mesh) 98% purity with flotation alone Easy upgrading to greater than 99.9% purity


Executing key milestones for mine development:

1. 2. 3. 4.

Cautionary Notes: A Preliminary Economic Assessment as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") is based on Indicated Resources (as defined in NI 43-101), and is preliminary in nature. Inferred Resources are considered too geologically speculative to have mining and economic considerations applied to them and to be categorized as Mineral Reserves (as defined in NI 43-101). Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that the reserves development, production, and economic forecasts on which the PEA is based will be realized. The capital expenditure estimate is based on a +/- 25 % cost accuracy and does not include any ancillary costs outside of actual production of possible investment in infrastructure related assets. According to the Ontario Securities Commission, a PEA is held to be accurate to +/- 50% accuracy. A copy of the Molo PEA Study NI 43-101 Technical Report Update, dated April 12, 2013 with full technical details of the Study can be found on SEDAR at and on Energizer’s website at Mr. Robin Borley, SVP of Mining Operations is the Company’s Qualified Person for all technical aspects of the Study and the Company’s President and COO, Craig Scherba, has read and approved all technical content contained in this fact sheet.

Why you should invest in ENERGIZER:

Strong leadership: V. PETER HARDER, CHAIRMAN Political strength; former Deputy Minister of Foreign Affairs RICHARD SCHLER, CEO Technical, engineering and management strength; former steel company executive CRAIG SCHERBA, PRESIDENT & COO Geotechnical strength; geologist ROBIN BORLEY, SVP, MINING OPERATIONS Technical strength; engineer, mine construction and management experience

Share Structure (Jan. 15, 2014)


Issued Shares Outstanding Options Outstanding Warrants Market Capitalization Share Price

(Exercisable between US$0.11 - $0.40, expires between May 2014 and Jan. 2019) (Exercisable between US$0.12 - $0.35, expires between Aug. 2014 and Jan. 2017)

33,070,000 40,185,729

US $37.0 Million US $0.14

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