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 the results of a
life cycle assessment (“
LCA”) prepared by Minviro
Limited (“
Minviro”) based on the feasibility study
for K.Hill (“
FS”).
Highlights
- The LCA assesses the global warming
potential (“GWP”) of the production of one
kilogram (“kg”) of high-purity manganese sulphate
monohydrate (“HPMSM”) produced from manganese
oxide resources, extracted at K.Hill.
- The LCA was conducted according to
the requirements of relevant ISO standards, including a critical
review.
- Results conclude a total product GWP
of 3.2 kg carbon dioxide equivalent
(“CO2 eq.”) per kg HPMSM.
- Scope 1 and scope 2 emissions
contribute 1.4 kg CO2 eq. per kg HPMSM.
The goal of this LCA is to determine the significant project and
process parameters contributing to the GWP from production of HPMSM
at K.Hill. The LCA is a cradle-to-gate study, meaning the product
GWP is assessed from the point of ore and waste rock extraction
(cradle) to the end-gate (a set point at the end of processing,
with HPMSM being ready for transport to customers), modelled in the
two distinct stages of mining and processing using data developed
as part of the FS.
The total GWP of 3.2 kg CO2 eq. per kg HPMSM can be classified
into scope 1, 2 and upstream scope 3 emissions:
- Scope 1 (direct) emissions, which
reflect greenhouse gas (“GHG”) emissions
associated with the combustion of fuels on-site and emissions from
reagents used in processing, total 0.2 kg CO2 eq. per kg
HPMSM;
- Scope 2 (indirect) emissions, which
reflect GHG emissions from imported power, total 1.2 kg CO2 eq. per
kg HPMSM; and
- Scope 3 (indirect) upstream emissions,
which reflect other GHG emissions such as the extraction and
production of purchased materials and fuels, total 1.8 kg CO2 eq.
per kg HPMSM.
The LCA will support Giyani in understanding the GWP of the
K.Hill Battery Manganese Project, its main drivers and inform
decision-making on advancing project development. The main impact
driver of the GWP is the consumption of electricity from the
national grid in Botswana, corresponding to approximately 37% of
total GWP. The plan, as laid out in the FS for K.Hill, includes a
4.5 MW photovoltaic solar plant and Giyani is currently assessing
various options to further reduce the GWP for K.Hill and to develop
a roadmap for decarbonization.
Robin Birchall, CEO of the Company,
commented:
“The results of the LCA confirm the potential of the K.Hill
Battery Manganese Project to be a low-carbon producer of a critical
battery raw material. One of Giyani’s key strengths will be our
ability to produce HPMSM directly from our high-grade manganese
oxide ore without the need for calcining or electrorefining, both
potentially significant emitters of greenhouse gases.
In addition to calculating our global warming potential, the LCA
will also act as a guide to help develop a roadmap to decarbonize
our operation, which is part of our long-term strategic objective.
Further information on K.Hill and its development plan will be
available in the FS, which is expected to be published in the
coming weeks.”
About Giyani
Giyani is a mineral resource company focused on
becoming one of Africa’s first low-carbon producers of high-purity
manganese sulphate monohydrate (“HPMSM”) precursor
materials directly from manganese oxide ore, used by battery
manufacturers for the expanding electric vehicle market through the
advancement of its manganese assets in the Kanye Basin in
south-eastern Botswana, (the “Kanye Basin
Prospects”) through its wholly-owned Botswana subsidiary
Menzi Battery Metals (Pty) Limited. The Company’s Kanye Basin
Prospects consist of eight prospecting licences and include the
past producing Kgwakgwe Hill mine and project, referred to as the
K.Hill Battery Manganese Project, the Otse and Lobatse manganese
prospects, both of which have seen historical mining
activities.
Qualified Persons / NI 43-101 Disclosures
Mr. Jacques du Toit CEng. PrEng. MscEng. PMP is a qualified
person, as defined by National Instrument 43-101. Mr. du Toit is
the Company’s VP, Technical Services and has reviewed and approved
the scientific and technical content contained in this press
release but is not independent for the purposes of NI 43-101.
About Minviro
Minviro (www.minviro.com) is a London based and globally
recognized consultancy and technology company specialized in
carrying out life cycle assessments in the technology metals space.
The company provides quantitative environmental and climate impact
data for mineral resource projects, battery manufacturers and
original equipment manufacturers to make environmentally informed
decisions.
On behalf of the Board of Directors of Giyani
Metals Corp.
Robin Birchall, CEO
Contact:
Robin Birchall CEO, Director+44 7711
313019rbirchall@giyanimetals.com
George DonneVP Business Development+44 7866 591
897gdonne@giyanimetals.com
Judith WebsterCorporate Secretary +1 416 453
8818 jwebster@giyanimetals.com
Neither the TSX Venture Exchange (the "TSXV")
nor its Regulation Services Provider (as that term is defined in
the policies of the TSXV) accepts responsibility for the adequacy
or accuracy of this news release.
The securities described herein have not been
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), or any state securities laws,
and accordingly, may not be offered or sold to, or for the account
or benefit of, persons in the United States or "U.S. persons," as
such term is defined in Regulation S promulgated under the U.S.
Securities Act ("U.S. Persons"), except in compliance with the
registration requirements of the U.S. Securities Act and applicable
state securities requirements or pursuant to exemptions therefrom.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any of the Company's securities to,
or for the account of benefit of, persons in the United States or
U.S. Persons.
Forward Looking Information
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. All statements in this news release, other than
statements of historical fact, that address events or developments
that Giyani expects to occur, are "forward-looking statements".
Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words
"expects", "does not expect", "plans", "anticipates", "does not
anticipate", "believes", "intends", "estimates", "projects",
"potential", "scheduled", "forecast", "budget" and similar
expressions, or that events or conditions "will", "would", "may",
"could", "should" or "might" occur. Specific forward-looking
statements and forward-looking information herein includes
completion of receipt of TSXV approval for the private placement
and completion of the private placement.
All such forward-looking statements are based on
the opinions and estimates of the relevant management as of the
date such statements are made and are subject to certain
assumptions, important risk factors and uncertainties, many of
which are beyond Giyani's ability to control or predict.
Forward-looking statements are necessarily based on estimates and
assumptions that are inherently subject to known and unknown risks,
uncertainties and other factors that may cause actual results,
level of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking
statements. In the case of Giyani, these facts include their
anticipated operations in future periods, planned exploration and
development of its properties, and plans related to its business
and other matters that may occur in the future. This information
relates to analyses and other information that is based on
expectations of future performance and planned work programs.
Forward-looking information is subject to a
variety of known and unknown risks, uncertainties and other factors
which could cause actual events or results to differ from those
expressed or implied by the forward-looking information, including,
without limitation: inherent exploration hazards and risks; risks
related to exploration and development of natural resource
properties; uncertainty in Giyani's ability to obtain funding;
commodity price fluctuations; recent market events and conditions;
risks related to the uncertainty of mineral resource calculations
and the inclusion of inferred mineral resources in economic
estimation; risks in how the world-wide economic and social impact
of COVID-19 is managed; risks related to governmental regulations;
risks related to obtaining necessary licences and permits; risks
related to their business being subject to environmental laws and
regulations; risks related to their mineral properties being
subject to prior unregistered agreements, transfers, or claims and
other defects in title; risks relating to competition from larger
companies with greater financial and technical resources; risks
relating to the inability to meet financial obligations under
agreements to which they are a party; ability to recruit and retain
qualified personnel; and risks related to their directors and
officers becoming associated with other natural resource companies
which may give rise to conflicts of interests. This list is not
exhaustive of the factors that may affect Giyani's forward-looking
information. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in the
forward-looking information or statements.
Giyani's forward-looking information is based on
the reasonable beliefs, expectations and opinions of their
respective management on the date the statements are made, and
Giyani does not assume any obligation to update forward looking
information if circumstances or management's beliefs, expectations
or opinions change, except as required by law. For the reasons set
forth above, investors should not place undue reliance on
forward-looking information. For a complete discussion with respect
to Giyani and risks associated with forward-looking information and
forward-looking statements, please refer to Giyani's Annual
Information Form, all of which are filed on SEDAR at
www.sedar.com.
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