Giyani Metals

Primary ticker: TSXV:EMM
Stage of development: Development
Commodity: Manganese
Project to promote: K.HIll Manganese Project
Project location: Botswana
Company presentation: click here

Live financials

Cash: CAD$1M
Debt: Nil

Major shareholders:
RAB Capital – 11%
Tribeca – 2%
Management ownership – 4%

Giyani Metals Corp. is a Canadian explorer and developer focused on the development of its K.Hill, Lobatse & Otse manganese prospects in the Kanye Basin, Botswana, Africa. The Company’s flagship K.Hill prospect is a near-surface manganese oxide deposit currently going through a feasibility study to produce high-purity electrolytic manganese metal (HPEMM), a key product needed for batteries in the expanding electric vehicle (EV) market.

Management Profile

Robin Birchall, CEO

Robin has twenty 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 exploration through to an operating 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.

What is your rationale for attending 121 Mining Investment?

To meet investors who have an interest in battery technology metals and the battery electric vehicle markets. We believe Giyani, as well as manganese as an cathode material, have very much been under the radar. Attending 121 is part of a wider focus to build investor awareness as the company develops its flagship K.Hill project.

What recent news would you like to highlight to investors attending?

Updated PEA –

Completed Financing –

There will be a number of newsflow items throughout the remainder of 2020 as the feasibility study progresses, the first of which will be the commencement of reserve drilling in the coming month.

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Feasibility study work streams

6 Months:
Completion of the ESIA, DFS and mine permitting

12 Months:
Commence mine construction

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Slow down in the adoption of electric vehicles

In a sentence, what do you think makes your company such a compelling investment?

Low Capex, low cost, located in a safe jurisdiction and well positioned to leverage the mass adoption of electric vehicles

Analyst Insight – provided by Independent Investment Research

Giyani Metals Corp is a TSX-V-listed Canadian-based junior exploration company, focused on accelerating the development of its battery-grade 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 low-cost 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.

During 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.