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 Metals Corporation has said that an infill drill programme to inform a feasibility study at the K. Hill manganese project has led to the discovery of a new mineralised horizon (B Horizon) below the main orebody.

The company is assessing the area for inclusion in an upcoming mineral resource and reserve statement.

The infill drilling programme was intended to upgrade the current inferred mineral resource to an indicated mineral resources and mineral reserve status.

Another extension drill programme, to the south of the K. Hill project, has involved 26 reverse circulation drill holes for a total 1 803 m, which has been completed.

This programme has also intersected a significant new mineralised horizon, which will be further explored with follow-up diamond drilling.

The existing drilling contractors will remain on site to undertake the new programme, which is expected to take about four weeks and will be completed during the fourth quarter.

Meanwhile, an induced polarisation survey at the Otse deposit has identified several geophysical anomalies over the 50 ha exploration area, which will define target locations for a 3 000 m drilling campaign due to start in the fourth quarter.

Otse is located about 40 km east of the K. Hill project.

Giyani explains that, while the K. Hill extension and infrill drill programmes will inform mineral estimates for the K. Hill project, any arising Otso mineral estimates will confirm a new resource.

Key Contracts, Suppliers and Consultants
Mintek (metallurgical testwork).

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