Name of the Project
K.Hill manganese project.

Location
The Kanye Basin, in south-eastern Botswana.

Project Owner/s
Giyani Metals Corp.

Project Description
A preliminary economic assessment (PEA) has demonstrated the strong potential of the project. The PEA is based on an estimated mineral resource, at a cutoff grade of 18% manganese oxide, of 1.1-million tonnes grading 31.2% manganese oxide, 8.9% aluminium oxide, 26.3% silicon dioxide and 16.9% iron (III) oxide.

The project envisages an operation with a nine-year life-of-mine, producing 245 000 t of high-purity electrolytic manganese metal.

The PEA proposes traditional truck-and-shovel mining methods. The proposed process for the production of electrolytic manganese metal includes comminution, leaching, solid/liquid separation and solvent-extraction, as well as electrowinning and refining.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 10% discount rate, of C$491-million and an after-tax internal rate of return of 90.6%, with a payback of 1.5 years.

Capital Expenditure
Preproduction capital expenditure is estimated at $369-million.

Planned Start/End Date
The project aims to break ground in July 2020.

Latest Developments
Giyani plans to continue hydrometallurgical testing, with electrorefining to produce high-purity electrolytic manganese metal samples for testing by battery makers.

It will also progress with a definitive feasibility study to upgrade K.Hill into a mineral reserve.

Key Contracts and Suppliers
SRK Consulting (PEA).

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Giyani Metals Corp, tel +1289291 4032 or email info@giyanimetals.com.