K. Hill manganese project, Botswana
Name of the Project
K. Hill manganese project.
Location
The Kanye basin, in south-eastern Botswana.
Project Owner/s
Giyani Metals Corp.
Project Description
An updated preliminary economic assessment (PEA) has incorporated 1.7-million tonnes of inferred mineral resources into the project grading 25.7% manganese oxide, 10.5% aluminium oxide, 30.9% silicone oxide, 16.8% iron and 8.7% LOI.
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 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 82.1% to 80%. 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
Not stated.
Latest Developments
Giyani hopes to add additional resource tonnes as it completes the assaying of the resource holes and starts its exploration programmes at the K.Hill extension and at Otse.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Giyani Metals Corp, tel +1289291 4032 or email info@giyanimetals.com.
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