Name of the Project
K. Hill manganese project.

Location
Kanye basin, south-eastern Botswana.

Project Owner/s
Manganese development company Giyani Metals Corp.

Project Description
The project will be developed to produce high-purity manganese sulphate monohydrate (HPMSM), a precursor chemical used in the manufacturing of rechargeable battery cathodes for electric vehicles.

The project is expected to produce 891 000 t of high-purity manganese sulphate monohydrate over its ten-year mine life.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The updated preliminary economic assessment (PEA) has increased the project’s pretax net present value, at a 10% discount rate, from $357-million in the April 2020 PEA to $431-million in the April 2021 PEA. The internal rate of return has decreased from 82.10% to 80% after tax. The project has a payback of three years.

Capital Expenditure
The project will require a capital investment of about $153-million.

Planned Start/End Date
First shipments are expected in 2023.

Latest Developments
Giyani Metals has completed a reverse circulation infill drill programme at the K. Hill Extension deposit for a total 4 561 m. The K. Hill Extension forms part of the K. Hill manganese oxide project.

The company aims to upgrade the current 3.1-million tonnes of inferred resources into indicated resources.

More drilling is planned along strike to the south of the K.Hill Extension.

A feasibility study on K. Hill remains on track for release in the third quarter of 2022.

Key Contracts, Suppliers and Consultants
Mintek (metallurgical testwork); SRK Consulting (updated mineral resources estimate); and Tetra Tech subsidiary Coffey Geotechnics (metallurgical testwork programme and process flowsheet development).

Contact Details for Project Information
Giyani Metals Corp, tel +128 9291 4032 or email info@giyanimetals.com.