TORONTO, April 12, 2021 (GLOBE NEWSWIRE) Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) (
Giyani or the
Updated
PEA”) to its previously published PEA update in Q1 2020. The Updated PEA incorporates a 36% increase in the Inferred Mineral Resource estimate resulting in a 21% increase in after-tax NPV from US$275 million to US$332 million (at a 10% discount rate) and are driven by changes in the following parameters:
Change in final saleable product from High Purity Electrolytic Manganese Metal (“
HPEMM”) to High Purity Manganese Sulphate Monohydrate (“
HPMSM”). HPMSM requires fewer processing steps and consumes less energy compared to production of HPEMM. Based on feedback from battery manufacturers during the last year, the Company believes HPMSM is the preferred precursor material for the production of the Nickel-Cobalt-Manganese (“