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Giyani Metals Receives Renewal of Licences and Defers Filing of First Quarter 2020 Results
OAKVILLE, Ontario, June 26, 2020 (GLOBE NEWSWIRE) -- Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) ("Giyani" or the "Company") is pleased to announce the successful
About this update from Giyani Metals Corp
[{"type":"text","content":" OAKVILLE, Ontario, June 26, 2020 (GLOBE NEWSWIRE) -- Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) (\"Giyani\" or the \"Company\") is pleased to announce the successful renewal of nine (9) prospecting licences in Botswana (“Renewed Prospecting Licences”). Renewal of Licences Giyani’s wholly owned subsidiary, Menzi Battery Metals (Pty) Ltd (“Menzi”), a company incorporated in accordance with the laws of Botswana, was granted the Renewed Prospecting Licences by the Department of Mines on June 25, 2020. The Renewed Prospecting Licences include the Company’s flagship K.Hill project and the Otse prospect. The Renewed Prospecting Licences have been granted for a term of 2 years, ending on June 30, 2022. Pursuant to the renewal process, the Company consolidated the larger licence area it held since July 2017 to focus on the most prospective regions. Aided by results from various field programs during the past three years, the Company decided to relinquish four (4) of its previously held licences and renew 50% of the area of nine (9) licences. The renewal brings Menzi’s total licence area to 2,641km2 as detailed in the following table: Menzi’s Current Licences PL Number Licence Area (km2) District Expiry Date PL258/2017* 148 South East District December 31, 2020 PL294/2016 479 South East District June 30, 2022 PL297/2016 483 Southern District June 30, 2022 PL298/2016 479 South East District June 30, 2022 PL322/2016 438 Southern District June 30, 2022 PL336/2016 118 Southern District June 30, 2022 PL337/2016 144 Southern District June 30, 2022 PL338/2016 127 Southern District June 30, 2022 PL339/2016 77 Southern District June 30, 2022 PL340/2016 148 Southern District June 30, 2022 * The licence covering the Lobatse prospect was not up for renewal Robin Birchall, CEO of Giyani Metals Corp. commented: “We are delighted by the renewal of our licences in Botswana. The K.Hill Definitive Feasibility Study is progressing well and this renewal by the Government of Botswana represents a vote of confidence in the Company and its ability to continue its expansive exploration and development program across the licences, and accelerate the development of the K.Hill feasibility study.” Deferral of Filing of First Quarter 2020 Results Further to the Company's news release of May 28, 2020, due to logistical challenges and delays caused by the COVID-19...