Giga files amended NI 43-101 report for Turnagain

Feb 23, 2021

2021-02-22 18:32 ET – News Release

Mr. Mark Jarvis reports

GIGA METALS FILES AMENDED PRELIMINARY ECONOMIC ASSESSMENT

Further to the news release dated Nov. 20, 2020, and a review by the B.C. Securities Commission, Giga Metals Corp. has filed an amended technical report for the 100-per-cent-owned Turnagain project in British Columbia, Canada. The technical report dated Nov. 18, 2020, has been amended to address the following issues:

Language was updated for consistency with National Instrument 43-101 (Standards of Disclosure for Mineral Projects);
The description of the deposit type was expanded;
Certain figures were added or modified for more clarity on past and intended works;
Tables of mined material were updated to clarify the distribution of measured, indicated and inferred resources;
Updates to the list and scope of qualified persons.

The amendment has not impacted the material components of the study, notably resources, metallurgy, mine plan, cost estimates, financial returns and environmental matters. The amended report dated Feb. 3, 2021, maintains the effective date of Oct. 28, 2020, and can be found under the company’s profile at SEDAR and on the company’s website. The Turnagain project continues to be capable of producing greater than 33,000 tonnes per year of nickel in concentrate for greater than 35 years at a low greenhouse gas intensity, with a life-of-mine operating cost (site gate, net of cobalt credits) of $2.81 (U.S.) per pound nickel.

The amended PEA was prepared under the supervision of Hatch Ltd. of Vancouver, Canada.

Cautionary statements

The preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and, as such, there is no certainty that the PEA results will be realized.

Qualified persons

The technical content of this news release has been prepared and reviewed by Lyle Trytten, PEng, a qualified person under National Instrument 43-101 standards.

About Giga Metals Corp.

Giga Metals is focused on metals critical to modern batteries, especially those used in electric vehicles and energy storage. The company’s core asset is the Turnagain project, located in Northern British Columbia, which contains one of the few significant undeveloped sulphide nickel and cobalt resources in the world.

We seek Safe Harbor.

https://gigametals.com/