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Giyani Metals Signs Construction Contract for a Demonstration Plant for the K.Hill Battery Manganese Project
TORONTO, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) ("Giyani" or the "Company"), developer of the K.Hill battery-grade mangane
About this update from Giyani Metals Corp
[{"type":"text","content":" TORONTO, Sept. 06, 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 Battery Manganese Project” or “K.Hill”), is pleased to announce that it has signed a design-build contract (“Contract”) with specialist South African-based hydrometallurgical engineering firm Met63 (Pty) Ltd. (“Met63”) for the construction of a demonstration plant (“Demo Plant”). Highlights Specialist hydrometallurgical engineering and consulting company Met63 engaged to construct and commission the Demo Plant in Johannesburg, South Africa; The Demo Plant will be built according to the process flowsheet developed by Coffey Geotechnics Ltd., a Tetra Tech company (“Tetra Tech”), and completed and accepted by Met63; The Demo Plant will produce high-purity manganese sulphate monohydrate (“HPMSM”) samples that will be sent for testing by lithium-ion battery manufacturers and automotive original equipment manufacturers (“OEM”); and Construction of the Demo Plant currently anticipated to be completed by mid-2023 with first HPMSM product samples expected to be available for shipment in H2 2023. The Demo Plant project has the following key objectives: To demonstrate that Giyani’s HPMSM product specifications can be achieved based on the process flowsheet developed by Tetra Tech, and completed and accepted by Met63 earlier this year, for the K.Hill Battery Manganese Project; To provide HPMSM samples to potential buyers for their supply chain testing and product qualification; To de-risk the commercial plant development by using the Demo Plant for optimization of the ongoing process engineering work; and To use the Demo Plant as a training facility. The Contract covers the engineering, construction and commissioning of the Demo Plant, on an open book and cost-reimbursable basis. The capital expenditure of approximately USD9.2 million, plus incentives for Met63 based on delivery of the Demo Plant on time, within budget and on specification, will be funded from the Company’s existing cash resources. Met63 is a specialist hydrometallurgical engineering and consulting company based in South Africa with a team that has extensive experience in designing hydrometallurgical circuits and specializes in advanced modular process plants for battery-grade met...