Giyani Metals Lands Key Mining Licence In Botswana

2 min read | September 18, 2024 10:27 AM EDT | By Team Kalkine Media

Giyani Metals Lands Key Mining Licence In Botswana — Image source: Shutterstock

Licence Validity and Renewal Terms

The licence is valid for a period of 15 years, with the possibility of renewal for up to an additional 10 years, in accordance with Botswana’s Mines and Minerals Act. This approval marks a significant development for the K.Hill project and for Giyani Metals Corp (TSXV:EMM).

Acknowledgment and Industry Reputation

Charles FitzRoy, Chief Executive Officer of Giyani Metals Corp, acknowledged the Ministry of Minerals and Energy and the Department of Mines for their efficiency and professionalism throughout the licensing process. FitzRoy emphasized that the swift approval demonstrates the effectiveness of both the Giyani team and the Department of Mines. He also noted Botswana's reputation as a leading mining jurisdiction.

Adherence to International Standards

FitzRoy highlighted Giyani’s adherence to the IFC Performance Standards, which aligns with both international standards and Botswanan legislation. This commitment ensures that the project meets the requirements for construction financing set by international lenders.

Next Steps: Definitive Feasibility Study

In parallel with securing the licence, Giyani Metals Corp is advancing a Definitive Feasibility Study (DFS) for the K.Hill project. The DFS, expected to be completed in 2025, will include updated estimates of mineral resources and project optimizations.

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