Giyani Metals reports positive feasibility study for Botswana manganese project

Giyani Metals Corp (TSX-V:EMM, OTC:CATPF, FRA:KT9) has released a definitive feasibility survey for its K.Hill Battery-Grade Manganese Project successful Botswana, which outlined a projected post-tax nett contiguous worth of $481.5 cardinal and an interior complaint of instrumentality of 20.3%.

The survey covers the company’s 100%-owned K.Hill task successful the Kanye Basin and supports the declaration of mineral reserves for the planned open-pit excavation and hydrometallurgical processing facility.

The task is designed to nutrient high-purity manganese sulphate monohydrate (HPMSM) and high-purity manganese oxide (HPMO), materials utilized successful electrical conveyance and vigor retention batteries.

According to the study, the task would person a 25-year excavation beingness and make estimated post-tax cumulative escaped currency travel of astir $1.6 cardinal implicit the beingness of mine.

Initial superior expenditures are estimated astatine astir $535 million, including contingency, portion full life-of-project superior costs are projected astatine $679 million.

Giyani said the task is expected to execute an operating borderline of 46%, based connected projected revenues of astir $4.86 cardinal from HPMSM and $395 cardinal from HPMO. The institution estimated mean realized prices of $3,220 per tonne for HPMSM and $4,004 per tonne for HPMO.

The feasibility survey assumes an yearly processing capableness of astir 220,000 tonnes of adust run-of-mine ore utilizing accepted drill-and-blast mining methods. Steady-state metallurgical betterment is projected astatine 87%.

The reserve estimation includes 5.35 cardinal tonnes grading 12.0% manganese, consisting of 1.92 cardinal tonnes of proven reserves and 3.42 cardinal tonnes of probable reserves.

Measured and indicated mineral resources full 6.0 cardinal tonnes grading 16.5% manganese oxide, with an further 4.4 cardinal tonnes classified arsenic inferred resources.

Giyani said inferred resources were excluded from the excavation program but could supply imaginable excavation beingness extensions oregon enactment higher-grade accumulation implicit time.

“These results show beardown economical returns and endorse K.Hill arsenic a unique, mine-to-market battery-grade supplier of manganese to conscionable increasing Western demand, and supply a coagulated instauration for further optimization and continued improvement of the project,” Giyani Metals interim enforcement seat Nigel Robinson said successful a statement.

“Building connected the palmy accumulation of some HPMO and HPMSM from our Demonstration Plant successful Johannesburg, we are present well-positioned to conscionable the evolving requirements of the artillery and vigor retention markets.”

The institution besides highlighted ongoing optimization enactment aimed astatine improving task economics, including further metallurgical trial work, front-end engineering and plan activities, expanded usage of star power, and valuation of lower-carbon reagent sourcing options.