Giyani produces first battery-grade manganese from Botswana project
Giyani Metals (TSXV: EMM) has produced its first batch of high-purity manganese oxide (HPMO) from the K.Hill project in Botswana.
The material, a precursor for the production of high-purity manganese sulfate monohydrate (HPMSM) used in electric vehicles and energy storage systems, was produced at the company’s demonstration plant in Johannesburg, South Africa.
According to Giyani, the HPMO samples are expected to be shipped this month to prospective offtake partners.
HPMO is becoming the preferred precursor for lithium-manganese-iron-phosphate (LMFP) and lithium-manganese-nickel-oxide (LMNO) batteries. While HPMSM remains the preferred precursor for nickel-manganese-cobalt (NMC) batteries, both HPMO and HPMSM can be used for LMFP and LMNO batteries.
Shares of Giyani rose 6.25% Monday morning in Toronto, giving the company a market capitalization of C$23.3 million ($16.2 million).
K.Hill project
Giyani said its demonstration plant remains on track to produce HPMSM during the first quarter 2025.
Subsequently, a commercial plant is expected to be constructed, also in Botswana. The company is currently working on a definitive feasibility study, expected to be completed this year.
A preliminary economic assessment in 2023 gave K.Hill a base case post-tax net present value (discounted at 8%) of $984 million and an internal rate of return of 29%. Over a projected 57-year mine life, the project is expected to produce over 3.5 million tonnes of HPMSM.
The K.Hill deposit is estimated to contain over 2.2 million tonnes in manganese oxide resources.
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5 Comments
SAMUEL RAMOTEBELE
This is a very big achievements for the country. It’s a show up that African country can do more better and best if they are united. The trading should be more benefit not to the outsider practically the exchange of trading should be more profitable to the country and its peoples.
Mpho Mmbara
This is great news, and we would be happy to see the manufacturing of those batteries here in Africa, and when there is a need, we can sell to the global market a finished product (Batterie)
Mandandi
What’s the shareholding on the mines? Is it similar to that of the diamond mines? If not, the Botswana is not benefitting much, beyond taxation.
LG Taa
The company pays for licence fees and all the production costs are borne by the shareholders & they carry the products is ready for the market. If only BW is committed to part with certain millions for operations monthly then they can partner with them. With the current state of finances in BW it will be costly.
Dimpho Mosiakgabo
Good going, K.Hill that means jobs creations to our peoples