TSX-V-listed Giyani Metals has published an updated indicated mineral resource estimate of 1.6-million tonnes and an inferred mineral resource estimate of 1.4-million tonnes for the K.Hill manganese oxide project, in Botswana.
The company has also completed a three-hole diamond drilling programme totalling 260 m, after discovering a new mineralised horizon at the K.Hill Extension in September.
The samples from this drill programme will soon undergo X-ray fluorescence analysis at a laboratory in South Africa, while more metallurgical test work will be completed prior to the release of maiden resources for this area.
The mineral resource estimate does not take into account any additional resources from the K.Hill Extension.
CEO Robin Birchall says as Giyani completes another phase in its exploration of the K.Hill Extension, the company is enhancing its understanding of the potential of just one of three Botswana manganese prospects.
“Our previously updated preliminary economic assessment for the K.Hill project does not reflect the expanded mineral resource base and we are in discussions with consultancy SRK to prepare a revised report to include the new numbers.
“The economics of the K.Hill project are already highly attractive, but we expect that they will continue to increase in value as the resource grows,” he notes.
While Giyani’s resource expands, interest in the project is intensifying as current and prospective consumers of high-purity manganese sulphate monohydrate seek to secure supply of what is a critical component for battery electric vehicles.