Giyani Metals Corp (TSX-V:EMM, OTC:CATPF) CEO Danny Keating joined Proactive's Stephen Gunnion with news the company has appointed Wood plc, an international engineering group, as its lead consultant for the definitive feasibility study (DFS) at its flagship high-purity K.Hill manganese project in Botswana.
Keating noted that Wood's strong reputation and expertise in hydrometallurgical processes are expected to enhance the quality of the DFS, crucial for project financing aimed at raising $300-400 million.
He explained the two-phase approach for the DFS. The first phase involves reviewing and validating historical assumptions while the demonstration plant is constructed and operated. This plant will provide essential data for the final DFS. The second phase will incorporate this information into a comprehensive DFS document, targeted for completion by the end of the year.
On-site activities include resource drilling, geotechnical and hydrogeological studies, aimed at updating the resource statement. These efforts are part of de-risking the project, ensuring the initial years of resource extraction are covered by measured reserves. The demonstration plant also aims to validate the flow sheet and secure customer approval.
Keating emphasised the importance of partnering with a reputable group like Wood for both the DFS and potentially future construction phases, to further de-risk the project and attract investment.