Giyani Metals Corp. (TSXV:EMM) (FRANKFURT:KT9) (WKN:A2DUU8)
(“
Giyani” or the “
Company”)
announces the completion of the feasibility study (“FS”) tendering
process by selecting SRK Consulting Limited (“SRK”) and a joint bid
by Coffey, a Tetra Tech Company & Royal IHC, all highly
reputable multinational mining engineering and technical consulting
companies, to conduct the feasibility study for its K.Hill
manganese deposit in Botswana.
The tendering process began in early November
2019 with six service providers invited to bid. The scope of work
in the request for proposal (“RFP”) was divided into two work
packages which will run in parallel. Work Package 1 (“WP1”)
encompasses all of the technical mining disciplines but will
exclude processing, infrastructure and environmental / social. Work
Package 2 (“WP2”) mainly encompasses the processing,
infrastructure, and project execution disciplines. Bidders were
given the option to bid for both work packages, but the RFP stated
that Work Packages may be awarded individually.
After several rounds of formal RFP queries the
Company received final proposals. SRK, who completed the PEA for
Giyani earlier this year, was awarded WP1 while WP2 was awarded to
the joint Coffey and Royal IHC bid. The joint bid provides Giyani
with specialized experience from Tetra Tech in the process of
making electrolytic manganese metal (“EMM”) in a solvent extraction
/ electrowinning (“SX/EW”) plant and mining engineering and
construction experience from Royal IHC.
The Environmental and Social Impact Assessment
(“ESIA”) was tendered separately and bids are currently being
assessed by the Company. The Company will update the market in due
course as to the selection of the ESIA contractor.
Giyani will now move to the contracting phase
which commences with a site visit with SRK, Coffey, and Royal IHC
during the week of December 16, 2019.
Robin Birchall, CEO of Giyani commented:
“We are extremely excited to start this crucial
phase of Giyani’s development. Commencing the FS for K.Hill, along
with the ESIA which we will kick off shortly thereafter, is a very
important step forward, one that will prepare the Company for the
next and most important phase of its development, becoming one of
the leading independent producers of high purity manganese for the
battery electric vehicle market.”
Mike Beare, Project Manager for SRK
commented:“SRK is very much looking forward to building on the work
of the PEA and applying its skills to further development of the
K.Hill project. This will assist Giyani with their continued
growth into the burgeoning battery metals sector which we see as an
area of considerable investment in years to come.”Jacques du Toit,
Project Director for Coffey & Derk Hartman, Director EPC &
Project Delivery for IHC Mining, part of the Royal IHC Group,
commented:
“Coffey & Royal IHC are delighted to have
been awarded the processing, infrastructure and project execution
work package for the feasibility study. We recognise that Giyani’s
K.Hill manganese project offers outstanding potential for investors
and look forward to providing our combined services and solutions
to Giyani for the 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: http://giyanimetals.com/.
On behalf of the Board of Directors of Giyani
Metals Corp.
About SRKSRK 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 TechTetra Tech is a leading provider
of construction, 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. www.coffeygeotechnics.co.uk/sectors/,
www.tetratech.com
About Royal IHCRoyal 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/
Robin Birchall, CEO
Contact:Giyani Metals CorporationRobin
BirchallCEO, 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. Specific forward-looking
statements and forward-looking information herein includes
statements regarding the size of and completion of the private
placement and the intended use of the net proceeds from the
financing.
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.
GIYANI METALS
CORP.1155 North Service
Road West,
Unit 11Oakville,
Ontario L6M
3E3T:
289-291-4032www.giyanimetals.com
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