Samples reveal high grade manganese potential in Otse

• Grade could even be higher than the one in Kanye
• “The potential is world class” – Giyani CEO

𝑻𝒉𝒆 𝑷𝒓𝒐𝒋𝒆𝒄𝒕𝒔 | 𝑩𝒂𝒕𝒕𝒆𝒓𝒚 𝑴𝒊𝒏𝒆𝒓𝒂𝒍𝒔

Today Giyani Metals, the Canadian company developing the Kanye Manganese project announced another major catch around its exploration complex, this time in Otse.

The company says what preliminary exploration results are showing is the likes of which the world has never seen before, positioning Botswana as the next big player inthe battery minerals as the world transitions to electric cars and green energy.

In a statement Giyani said sample assaying from its Otse manganese oxide prospect has been complete,details reveal high grade manganese potential, even higher than what has been found in Kanye.

Giyani ‘s contractor SGS South Africa has assayed 5,126 samples from Giyani’s 2021 exploration program at Otse with a number of intersections exceeding 60.0% manganese oxide (“MnO”) including hole RCOT21_015 reporting 44.5% MnO over 27.5 metres

In late 2021, Giyani drilled 4,149 m of reverse circulation (“RC”) drill holes in both the north and south target areas at Otse.

In December 2021, the Company completed its initial exploration drilling campaign at Otse, focused on the site of historical workings based on excellent correlation between northwest-southeast trending chargeability anomalies and manganese mineralization.

Otse is located approximately 50 kilometres east of the K.Hill Battery Manganese Project and lies only two kilometres from the A1 highway between Gaborone and the border with South Africa.

Giyani is developing K.Hill to be a responsible, low carbon and sustainable producer of high-purity manganese sulphate monohydrate (“HPMSM”), a critical raw material for the electric vehicle (“EV”) market.

The company says Ore mined from Otse should be easily transportable to the envisaged site of the processing plant at the K.Hill Battery Manganese Project in Kanye.

Giyani says it is currently assessing the potential for high-grade Otse material to be blended with K.Hill ore to increase operational and economic efficiency.

Robin Birchall, CEO of Giyani says in the context of manganese projects being developed for HPMSM production by any listed company, Otse is showing its potential to be a class apart.

“To achieve multiple holes showing grades of over 30% MnO across widths greater than 10 m strengthens the prospect’s promise to have an even higher average grade than K.Hill and we look forward to its maiden Mineral Resource Estimate later this year” he said.

Birchall says through these initial results, Otse has shown the potential to further strengthen Giyani vs strategy of becoming a major producer of sustainable HPMSM for the electric vehiclea market.

“Sweetening the feedstock for the K.Hill Battery Manganese Project with high-grade Otse material could significantly enhance HPMSM production per tonne of ore and lower cash operating costs, thereby increasing profitability. Over the coming months, we will be undertaking mineralogical and metallurgical testwork to confirm ore characteristics and how best to integrate Otse into our development plans.” he said.