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Giyani Metals Announces Filing of Feasibility Study and Operations Update
TORONTO, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Giyani Metals Corp. (TSXV: EMM, GR: A2DUU8) ("Giyani" or the "Company"), developer of the K.Hill battery-grade mangan
About this update from Giyani Metals Corp
[{"type":"text","content":" TORONTO, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Giyani Metals Corp. (TSXV: EMM, GR: A2DUU8) (\"Giyani\" or the \"Company\"), developer of the K.Hill battery-grade manganese project in Botswana (“K.Hill” or “K.Hill Battery Manganese Project”), is pleased to announce the filing of the National Instrument 43-101 Technical Report Feasibility Study for K.Hill (“FS”) and provide an operations update. Highlights Completed filing of the full FS for the K.Hill Battery Manganese Project. Construction of the demonstration plant (“Demo Plant”) progressing with agreement signed with Yokogawa Electric Corporation (“Yokogawa”), a global leading provider of industrial automation, test and measurement solutions, to provide specialist process control equipment. Launch of new interactive corporate presentation on the VRIFY Technology Inc. (“VRIFY”) platform. Filing of the FS for K.Hill Battery Manganese Project Following the announcement of the results of the FS on November 14, 2022, which demonstrated a robust post-tax NPV8 of US$481 million for K.Hill and a post-tax IRR in excess of 28%, the full FS report, prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has been filed on SEDAR at www.sedar.com and is available to download on the Company’s website at www.giyanimetals.com. Update on Construction of Demo Plant Construction of the Demo Plant, to be located north-west of Johannesburg, South Africa, is proceeding with engineering currently 85% complete and procurement 40% complete. As part of the procurement package, Giyani has entered into an agreement with Yokogawa to provide a Centum VP distributed control system (“DCS”). The agreement forms part of a wider commercial relationship being developed with Yokogawa to provide advanced automation control systems to Giyani within an attractive fixed budget package. The DCS will give the Demo Plant greater functionality and allow better transfer of programming and data from the Demo Plant to the commercial plant, to be built in Botswana. The Demo Plant will be capable of producing up to 600kg per day of high purity manganese sulphate monohydrate (“HPMSM”) crystals and the Company is on track to ship samples to potential off-takers in H2 2023. New VRIFY Corporate Presentation The Company has launched its new corporate presentation using VRIFY’s interactive...