Project Locations: Botswana
Stock Code: TSXV:EMM
Commodity Exposure: Manganese
Giyani is a vertically integrated mineral resource company focused on developing manganese projects for the battery electric vehicle (BEV) market. The Company’s Kanye Manganese Project in south eastern Botswana encompasses 3 prospects (K.Hill, Otse, and Lobatse) that contain shallow open pit mineable deposits of battery-grade manganese. The Company intends to refine manganese ore from its deposits to produce high purity electrolytic manganese metal (HPEMM) for the BEV and high-end steel markets. Giyani completed a preliminary economic assessment (PEA) for the K.Hill deposit, and associated EMM plant, in August 2019 and started the feasibility study and environmental impact assessment in December 2019.
CEO, Robin Birchall, has twenty two years of experience in the financing and management of resource companies. Before joining Giyani he was Executive Chairman of Silver Bear Resources, where he developed the company from an exploration/discovery startup into a fully operational company with a producing silver mine. Previous roles include, V.P. Investment and Corporate Banking with BMO Capital Markets, where he completed a variety of high profile transactions for resource companies, and V.P. Corporate Finance at Canaccord. Mr. Birchall has an MBA from the University of Cape Town, a MSc from Edinburgh University, and a BA from Queens University.
Recent News (as of 3rd February 2020)
13 December 2019
Giyani Awards Feasibility Study to SRK, Tetra Tech and Royal IHC
9 December 2019
Giyani Awards Reclamation Work to Lazenby
Giyani Metals Corp is a TSX-V-listed Canadianbased junior exploration company, focused on accelerating the development of its batterygrade manganese projects in the Kanye Basin, Botswana.
Giyani is currently developing three prospects (K.Hill, Otse, and Lobatse) within its large 88%-owned Kanye Manganese property of 8,135 sq km in the Kanye Basin, southeastern Botswana. These prospects encompass several past-producing manganese mines, with Giyani’s corporate objective being to revive these dormant resources and bring them back into production to become a leading independent supplier of lowcost high-grade feedstock manganese for the battery industry.
The Kanye Manganese Project has several advantages that make it quite unique including, near-surface deposition, low levels of impurities, access to infrastructure in a mining-friendly jurisdiction, and easy access to multiple shipping ports. The deposit lies within the Kanye Basin, which is underlain by rocks of the Transvaal Supergroup. The Transvaal hosts roughly 80% of
the world’s manganese reserves.
During 2018, the company announced its maiden mineral resource estimate for its 88%-owned K.Hill manganese deposit. The mineral resource estimate includes an inferred resource of 1.1 million tonnes grading 31.2% manganese oxide (MnO) at a cut-off grade of 18% MnO.
In August 2019 the company announced the results of the preliminary economic assessment (PEA) for its K.Hill manganese project. The PEA forecasts a 9-year potential project operating life producing 245,000 tonnes of high purity electrolytic manganese metal. A Pre-tax NPV is estimated of C$491 million (US$369 million) and an-after tax NPV of C$379 million (US$285 million), using a 10% discount rate.
The project will generate an after-tax IRR of 90.6% and a 1.5-year payback period, based on an estimated C$144.4 million (US$108.5 million) in pre-production capital, C$13.2 million (US$9.9 million) in sustaining capital, C$23.7 million (US$17.8 million) in contingency at 15%, and C$6.7 million (US$5 million) closure costs for a total project capital of C$188 million (US$141.3 million).
Giyani will now move forward with a definitive feasibility study in order to upgrade K.Hill into a mineral reserve through a targeted reserve drilling campaign, and ultimately develop a mine plan for the project.