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OAKVILLE, Ontario, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Giyani Metals Corp. January 13, 2019 (TSXV:EMM) (FRANKFURT:KT9) (WKN:A2DUU8) (“Giyani” or the “Company”) announces the commencement of the feasibility study (“FS”) for its K.Hill manganese deposit in Botswana with positive initial feedback from SRK, Tetra Tech, and Royal IHC after their three-day site visit to K.Hill in late December 2019.
Following the successful FS bid from SRK Consulting (“SRK”), and joint bid from Tetra Tech and Royal IHC, that was announced on December 13, 2019, Giyani organized a three-day site visit for the team of consultants, who will be the project leads for their respective practices to survey the K.Hill project area. The aim was to provide them with first-hand experience of the location, terrain, infrastructure and various other aspects related to the overall project.
During the site visit, the team surveyed the K.Hill deposit, and the surrounding area; to consider potential locations for the mine, processing plant, waste rock and tailings facilities. The team also assessed the area’s infrastructure to develop an initial understanding of the requirements to build and operate the K.Hill project.
Additionally, the team inspected the drill hole locations from the 2018 resource drilling program and considered potential drill hole locations for the infill drilling program for 2020.
Another aspect the team considered during the site visit was any potential benefits and impacts of the K.Hill project on the town of Kanye, which will be examined in detail in the environmental and social impact assessment (“ESIA”) to be run in parallel with the FS.
Robin Birchall, CEO of Giyani commented:
“It was very important for the Company to kick start the K.Hill feasibility study with a comprehensive site visit with all of the project leads from SRK, Tetra Tech and Royal IHC. I believe that the three-day site visit was a beneficial use of time that provided valuable input to the planning process for all participants.”
Mike Beare, Project Manager for SRK commented:
“The site visit was a quality opportunity to kick start the feasibility study with all team members present. It was certainly apparent that the K.Hill deposit has a significant history and the new process route will open a new chapter in this history.”
Jacques du Toit, Project Director for Tetra Tech & Derk Hartman, Director EPC & Project Delivery for IHC Mining, part of the Royal IHC Group, commented:
“The site visit confirmed that Giyani has a unique opportunity to benefit from some of the best infrastructure in Southern Africa which includes well-maintained roads and close access to the robust power supply network that also feeds Debswana’s nearby Jwaneng diamond mine. Established supply routes and power will enable a fast and cost-efficient development of the K.Hill manganese project.”
About Giyani
Giyani Metals Corp. is a Canadian junior explorer and developer focused on creating shareholder value by accelerating the development of its high-grade manganese project in the Kanye Basin, Botswana, Africa. Additional information and corporate documents may be found on www.sedar.com and on Giyani Metals Corp. Website: https://giyanimetals.com/.
About SRK
SRK Consulting is an independent global mining consulting firm that is owned by its worldwide employees and specialises in technical studies that deliver added value and reduced risk to all stakeholders. Website: https://www.srk.co.uk/en
About Tetra Tech
Tetra Tech is a leading provider of consulting, engineering, program management, construction management and technical services worldwide. The work on the K.Hill project will be completed through Tetra Tech’s wholly owned subsidiary Coffey Geotechnics Ltd, A Tetra Tech Company, in the United Kingdom. Website: www.tetratech.com
About Royal IHC
Royal IHC is an independent global engineering and contracting company with more than 3,000 employees working in 39 locations worldwide. It is privately owned with a head office in The Netherlands. IHC Mining is a leading service provider in mining and mineral processing, metallurgical & bulk test work programs, design & engineering, project management services and EPC(M) contracting. Website: https://www.royalihc.com/
On behalf of the Board of Directors of Giyani Metals Corp.
Robin Birchall, CEO
Contact:
Giyani Metals Corporation
Robin Birchall
CEO, Director
+447711313019
rbirchall@giyanimetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly, may not be offered or sold to, or for the account or benefit of, persons in the United States or “U.S. persons,” as such term is defined in Regulation S promulgated under the U.S. Securities Act (“U.S. Persons”), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company’s securities to, or for the account of benefit of, persons in the United States or U.S. Persons.
Forward Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that Giyani expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur.
All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to certain assumptions, important risk factors and uncertainties, many of which are beyond Giyani’s ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of Giyani, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in Giyani’s ability to obtain funding; commodity price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect Giyani’s forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements.
Giyani’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made, and Giyani does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to Giyani and risks associated with forward-looking information and forward-looking statements, please refer to Giyani’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.