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Giyani Metals Corp
Symbol WDG
Shares Issued 81,779,628
Close 2019-02-19 C$ 0.185
Recent Sedar Documents

Giyani Metals hires SRK Consulting for PEA at K.Hill

2019-02-19 11:03 ET - News Release

Mr. Robin Birchall reports

GIYANI COMMENCES PRELIMINARY ECONOMIC ASSESSMENT AND BULK SAMPLE CHARACTERIZATION

Giyani Metals Corp. has engaged SRK Consulting to complete a preliminary economic assessment (PEA) at its K.Hill manganese deposit in Botswana. Furthermore, the company has also engaged WorleyParsons South Africa to conduct a bulk sample characterization test for its direct shipping ore (DSO) program from the K.Hill and Otse manganese deposits.

The scope of the PEA study by SRK will include geology, mining, processing, water management, infrastructure, environment and financial modelling, and will provide conclusions and recommendations for the definitive feasibility study (DFS), which is planned to commence in Q3 2019.

The scope of the bulk sample characterization testing by WorleyParsons will include sample collection criteria, lab testing and process flowsheet design. Upon the completion of this engagement, Giyani will have a more detailed understanding of the economics of the DSO program as well as the specifications of the various manganese products that can be produced from K.Hill and Otse.

Robin Birchall, chief executive officer of Giyani, commented: "The commencement of the PEA for K.Hill and the DSO test program are very important steps to kick-start our operational program for 2019. We will have a very active year with multiple work streams developing in parallel as we work towards our ultimate goal of producing high-purity electrolytic manganese metal (EMM) for the battery electric vehicle market."

The company has appointed Aamer Siddiqui as chief financial officer. Mr. Siddiqui is a chartered professional accountant (CPA) and chartered accountant (CA). He has seven years of experience in providing financial advisory, budgeting and tax services to help fast-growing companies manage their reporting requirements. The company thanks outgoing chief financial officer Daniel Crandall for his services and wishes him continued success in his future endeavours.

About Giyani Metals Corp.

Giyani Metals is a Canadian junior exploration company focused on creating shareholder value by accelerating the development of its high-grade manganese project in the Kanye basin, Botswana, Africa.

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