Tag: Giyani Metals Corp.

Giyani Metals announced the completion of exploration drilling at its Otse prospect, part of the 100%-owned K.Hill manganese project in Botswana. After increasing its K.Hill deposit resource estimate by 25% earlier this year, we view these nearby Otse drill results very positively. High-grade mineralization has been intercepted in multiple drill holes which we believe will bode well for updated resource estimate expected in H1/22. In our view, the K.Hill project continues to impress as recent discoveries such as the B Horizon, K.Hill Extension, and Otse and Lobatse prospects, could potentially become sources of high-grade mill feed to the plant helping to lower future operating costs and eventually extend the mine life of the K. Hill project.

Giyani Metals announced a resource update for its 100%-owned K.Hill manganese project in Botswana. Importantly, the new resource saw a ~25% increase in total contained MnO, and included a maiden indicated resource estimate (the previous estimate was inferred only). In our view, the conversion to indicated resources has further de-risked the K.Hill project, and we expect the new resource to be incorporated in the all-important, upcoming feasibility study (FS) for the project.