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Giyani Metals Corp.
Summary
| Project: | K-Hill | |
|---|---|---|
| Deposit: | K-Hill | |
| Location: | Botswana | |
| Commodities: | Manganese-Iron-Silica-Aluminium | |
| Date: | 8/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-8-2019: Giyani Metals Corp. announces a PEA report for its K-Hill deposit at the K-Hill project. PEA results incl. post-tax NPV (10%) of US$285M. OAKVILLE, Ontario, Aug. 15, 2019 -- Giyani Metals Corp. (TSXV:EMM) (FRANKFURT:KT9) (WKN:A2DUU8) (“Gi | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael John Beare (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | OAKVILLE, Ontario, Aug. 15, 2019 -- Giyani Metals Corp. (TSXV:EMM) (FRANKFURT:KT9) (WKN:A2DUU8) (“Giyani” or the “Company”) is pleased to announce the results of the preliminary economic assessment (“PEA”) for its K.Hill manganese project. Robin Birchall, CEO of Giyani Metals Corp. commented: “We are extremely pleased with the completion of the PEA for K.Hill, our first deposit in Botswana, and we are even more delighted with the findings of this report which demonstrates the strong economic potential of the K.Hill manganese project. Our immediate next steps are to continue hydrometallurgical testing with electro-refining to produce high purity EMM samples for testing by battery makers. We will move forward with a definitive feasibility study in order to upgrade K.Hill into a mineral reserve through a targeted reserve drilling campaign, and ultimately develop a mine plan for the K.Hill project.” The PEA was undertaken by SRK Consulting (UK) Limited (“SRK”), with metallurgical testwork and design input from Lab 4 Inc. (“Lab4”), a metallurgy consulting firm managed by Dr. Ian Flint, the Department of Geology of Dalhousie University and the Minerals Engineering Centre of Dalhousie University, all in Halifax, Nova Scotia, Canada. The PEA is also based on an inferred mineral resource estimate as detailed in the NI 43-101 report prepared by MSA Group (Pty) Ltd. (“MSA”) in November 2018. An updated NI 43-101 Technical Report on the K.Hill manganese project including results of the PEA will be filed on SEDAR within 45 days of the issuance of this news release and made available on the Company’s website. | |
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