| Announcement Date: | 2022-03-30 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | NI43-101 |
| Company name: | Giyani Metals Corp. |
| Project name: | K-Hill |
| Location: | Botswana |
| Commodities: | Manganese |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | TORONTO, Ontario, February 16, 2022 — Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) (“Giyani” or the “Company”), developer of the K.Hill manganese oxide project (“K.Hill Project”) in Botswana, is pleased to announce an updated Mineral Resource Estimate (“MRE”) for the K.Hill Project that incorporates its recently discovered southerly extension (“K.Hill Extension”) The MRE has been prepared by SRK Consulting (“SRK”) in accordance with the CIM Code and National Instrument 43-101 (“NI 43-101”) and also includes the results of mineralogical test work on the previously announced additional mineralized horizon (“B Horizon”) located below the main ore body of the K.Hill Project. The K.Hill Project is being developed to produce HPMSM, a precursor chemical used in the manufacture of rechargeable battery cathodes for electric vehicles. Major Mineral Resource Upgrade Following completion of the reverse circulation (“RC”) extensional drilling program over the K.Hill Extension in 2021 and mineralogical analysis of samples from the B Horizon, SRK has developed an updated MRE for the enlarged K.Hill Project, encompassing results from all zones of the K.Hill Project, including the B Horizon and the new K.Hill Extension area. SRK has also updated the geological model in the FS to include the expanded Indicated Resources. |
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