TSX-listed Canadian explorer and developer Giyani Metals Corporation has filed an updated and amended National Instrument (NI) 43-101-compliant technical report for its Botswana-based K.Hill manganese project.
The amended technical report was required after a review of a previous technical report, filed on September 25, 2019, was found to be incomplete by staff of the Ontario Securities Commission (OSC), as it did not address all of the disclosure items required of a technical report under NI 43-101.
Subsequently, Giyani has met the NI 43-101 criteria in the amended technical report.
Giyani is the developer of the K.Hill, Lobatse & Otse manganese projects in the Kanye basin, in Botswana.
The amended technical report also includes a new mineral resource statement for K.Hill.
Giyani CEO Robin Birchall says that, in the amended technical report, Giyani had the opportunity to increase its mineral resource and update the preliminary economic assessment for K.Hill.
“In doing so, the project economics continue to be robust, with a small increase in mine life and tonnage.”
In addition, he says that despite the various national lockdowns in place, Giyani is continuing to advance the K.Hill feasibility study, which it still plans to deliver on schedule.
The updated mineral resource statement now reflects K.Hill with 1.24-million tonnes, grading 27.3% manganese oxide, at a cut-off grade of 8.9% manganese oxide.