Announcement Date: | 2022-12-12 |
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Announcement Type: | Feasibility Study |
Announcement Code: | NI43-101 |
Company name: | Giyani Metals Corp. |
Project name: | K-Hill |
Location: | Botswana |
Commodities: | Manganese |
Highlight: | Feasibility Study result incl. Post Tax NPV (8%) of USD $481M & IRR of 28.3% |
Resources: | only available to subscribers |
CP/QP: | only available to subscribers |
Announcement summary: | Giyani Metals Corp. (Giyani) intends to develop the K.Hill Battery-Grade Manganese (Mn) Project (K.Hill, the K.Hill Project, or the Project) as an integrated mining and processing operation for the manufacture of high-purity manganese sulphate monohydrate (HPMSM) on site, directly from manganese oxide (MnO) ore. HPMSM is a refined precursor material used to produce cathode powders for lithium-ion batteries deployed in electric vehicles (EVs). As the automotive industry increases EV production as part of a global move toward decarbonisation and electrification, CPM Group LLC (CPM) reports that demand for lithium-ion batteries used in EVs is projected to grow by 25% annually between 2021 and 2031. CPM demonstrates that the resulting demand for HPMSM in lithium-ion batteries will increase nearly 30-fold between 2021 and 2036, reaching 1.8 Mt on a contained metal basis and up to 4.5 Mt by 2050. |
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