Giyani Metals Corp · TSXV:EMM
Giyani Metals — Investor Presentation (January 2022)
29 slides from Giyani Metals's investor presentation, January 2022
Slide 1: Developing Battery Grade Manganese for the EV Market
DEVELOPING BATTERY GRADE MANGANESE FOR THE EV MARKET JANUARY 2022 giyanimetals.com
Slide 2: Cautionary Note – Forward Looking Statements
CAUTIONARY NOTE – FORWARD LOOKING STATEMENTS This presentation contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as “forward-looking statements”). These statements relate to future events or the Comp
Slide 3: Executive Summary
EXECUTIVE SUMMARY HIGH VALUE EXPOSURE TO THE RAPIDLY EXPANDING EV MARKET • Feasibility stage battery-grade manganese oxide deposits with leading economics for flagship K.Hill Project: • 80% IRR and CAD442M post tax NPV10 • Low project capex of CAD159M • Initial capacity 100,000tpa high purity batter
Slide 4: Manganese in Li-ion Batteries
MANGANESE IN LI-ION BATTERIES HIGH MANGANESE CATHODE CHEMISTRIES WILL DOMINATE THE MARKET • Manganese is a critical component in Li-ion batteries used in EVs • Highest growth battery segment = NCM (nickel + cobalt + manganese) • Battery-makers and consumers looking to eliminate cobalt due to concern
Slide 5: Policy Not People Will Dictate Industry
POLICY NOT PEOPLE WILL DICTATE INDUSTRY REGULATION AND SUPPLY CHAIN SECURITY WILL DRIVE HPMSM DEMAND Supply Chain Giyani Advantage • OEM concerns with Chinese supply • Production of HPMSM directly from ore indicates 70-80% • Lack of transparency and sustainable practices lower carbon footprint than
Slide 6: ESG at the Heart of Everything We Do
ESG AT THE HEART OF EVERYTHING WE DO RESPONSIBILITY, SUSTAINABILITY AND ACCOUNTABILITY • Giyani is committed to conducting its business in a manner that is sustainable and beneficial to all stakeholders • The Company seeks to adhere to best international standards: • ICMM’s Mining Principles • Equat
Slide 7: Giyani Project Portfolio
GIYANI PROJECT PORTFOLIO THREE HIGHLY PROSPECTIVE PROJECTS IN EXCELLENT LOCATION PROJECTS (100%) • Three previously producing battery-grade manganese oxide prospects • K.Hill: historic mine with 1.6Mt indicated and 1.4Mt inferred resources (NI 43-101, August 2021) • Otse: exploration target 2km from
Slide 8: K.Hill Project PEA (April 2021)
K.HILL PROJECT PEA (APRIL 2021) UPDATED PEA TO INCLUDE ADDITIONAL RESOURCES EXPECTED IN Q4 2021 • K.Hill is the highest valued project in its peer group on an NPV/t Mn resources basis but Giyani trades at the lowest P/NAV • April 2021 PEA highlights • After tax NPV10 of USD332M and IRR of 80% • Star
Slide 9: K.Hill Project Updated Resource (Aug 2021)
K.HILL PROJECT UPDATED RESOURCE (AUG 2021) 25% INCREASE IN CONTAINED METAL FROM K.HILL B HORIZON Tonnage Grade MnO Contained Contained • Newly discovered B Horizon increased contained metal by Classification (Mt) (%) MnO (kt) Mn (kt) 25% to 1.7 Mt of HPMSM equivalent Indicated Mineral • Samples from
Slide 10: Significant Exploration Upside
SIGNIFICANT EXPLORATION UPSIDE TRANSFORM POTENTIAL AT K.HILL EXTENSION AND OTSE • K.Hill Extension or Otse could K.Hill Extension Otse North and South fundamentally shift project life and economics • K.Hill Extension mineralization over aerial extent comparable to K.Hill Main • Combined K.Hill resou
Slide 11: Making High Purity Manganese
MAKING HIGH PURITY MANGANESE INITIAL METALLURGICAL TEST RESULTS ANNOUNCED JUNE 2021 LOW COST OPERATION Low cost of mining Friable ore amenable to free dig mining, plus located near surface Low cost of grinding Grinds easily to 150 μm DEMONSTRATION PLANT Low cost of processing K.Hill oxide ore leache
Slide 12: Demonstration Plant
DEMONSTRATION PLANT KEY STEP IN DE-RISKING PROJECT DEVELOPMENT • The Demonstration Plant will replicate the proposed hydrometallurgical process • Plant will fundamentally derisk the hydrometallurgical process implementation of full-scale operation • Usable samples of Giyani HPMSM product will be pro
Slide 13: Project Timeline
PROJECT TIMELINE KEY WORKSTREAMS IN HAND FOR FIRST COMMERCIAL PRODUCTION IN 2024 2021 2022 2023 Resources for K.Hill Extension Resources for Otse Lobatse exploration Feasibility study Optimised FS-K.Hill Extension and Otse Approval of ESIA Life cycle caron assessment Finalised flowsheet Demo plant e
Slide 14: High Purity Manganese Peers
HIGH PURITY MANGANESE PEERS GIYANI IS THE LOWEST OPEX/CAPEX PURE PLAY PRE-PRODUCTION HPMSM PROJECT K.Hill has the highest NPV per tonne (Mn) in the ground and is the most profitable project in its peer group, but Giyani trades at the lowest P/NAV 13 giyanimetals.com Notes: Market data as at October
Slide 15: Board
BOARD EXTENSIVE MINING PROJECT DEVELOPMENT AND PROJECT FINANCING GIYANI BOARD JONATHAN HENRY JOHN PETERSEN MICHAEL JONES STEPHANIE HART ROBIN BIRCHALL B.A.(HONS) J.D, B.S. C.ENG. CPA, CA MBA, M.SC. NON-EXECUTIVE CHAIR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR EXECUTIVE DIR
Slide 16: Management Team
MANAGEMENT TEAM PROVEN RECORD IN MINING COMPANY MANAGEMENT & PROJECT DELIVERY ROBIN BIRCHALL DERK HARTMAN EUGENE LEE GEORGE DONNE MARION THOMAS MBA, M.SC. M.SC. CPA, CA M.A. CENV, FIMMM CEO PRESIDENT & COO CFO VP BUSINESS DEVELOPMENT VP ESG 20 years of experience in 20 years of experience in Over 20
Slide 17: Share Structure
SHARE STRUCTURE Warrants/ Options / TICKER MARKET CAP* SHARE PRICE* 52 WEEK RANGE SHARES O/S RSUs O/S TSXV : EMM C$ 75.2M C$0.37 C$ 0.28 - 0.87 203,175,629 60,647,094 1 MAJOR SHAREHOLDERS RAB Capital 10.0% Directors and Management 3.0% 2 MMCAP Asset Management 2.9% APAC Resources 1.4% Sentry Resourc
Slide 18: Contact Us
CONTACT US Giyani Metals Corp. 2010 Winston Park Drive Suite 200, Oakville, Ontario L6H 5R7 Canada info@giyanimetals.com giyanimetals.com @GiyaniMetals #GiyaniMetals 17 giyanimetals.com
Slide 19: Appendix: Technical Slides
APPENDIX TECHNICAL SLIDES 18 giyanimetals.com
Slide 20: Manganese vs Battery Metals Peers
MANGANESE VS BATTERY METALS PEERS K.HILL PROFITABILITY RANKS AMONG TOP TIER PRE-CONSTRUCTION LITHIUM PROJECTS 19 giyanimetals.com
Slide 21: K.Hill Profitability in Context
K.HILL PROFITABILITY IN CONTEXT ON EQUIVALENT BASIS, K.HILL WOULD RANK AS PREMIER JUNIOR PRODUCER 20 giyanimetals.com Footnotes: Market data as at October 4, 2021; Peer production and opex data = company 2021 forecast; EMM data = PEA Yr2 operating data Prices used: Au – USD1,750; Cu – USD4.20/lb 1 A
Slide 22: Botswana Overview
BOTSWANA OVERVIEW AFRICA’S PREMIER MINING JURISDICTION STABLE ECONOMY TO INVEST IN • Well established mining industry with investor friendly laws and processes for exploration, development and operations • Local currency is the Botswanan Pula; freely convertible and pegged to basket of currencies in
Slide 23: Project Milestones Achieved
PROJECT MILESTONES ACHIEVED Aug. 2020: Completed high Dec. 2020: Received Jun. 2021: Sep. 2021: Dec. 2019: purity manganese market approval for ESIA Mar. 2021: Results of the initial New MRE of 1.6mt in Commencement of K.Hill analysis, price forecasting & Scoping & Terms Completed K.Hill metallurgic
Slide 24: K.Hill Project PEA (April 2021)
K.HILL PROJECT PEA (APRIL 2021) VISUALIZATIONS OF OPEN PIT AND PROCESSING PLANT 23 Aerialgview i y of an imetals.com the K.HILL Deposit
Slide 25: Targeting Low Carbon Manganese
TARGETING LOW CARBON MANGANESE THREE OPTIONS CONSIDERED IN SOLAR PLANT STUDY OTHER ATTRIBUTES THAT No Export’ Net Zero Transition to IPP CONTRIBUTE TO LOW CARBON FOOTPRINT OPERATION: Scenario 1 2 3 • Ore source is high grade and Export of excess power to grid? No Yes Yes located close to the process
Slide 26: Manganese in Li-ion Batteries
MANGANESE IN LI-ION BATTERIES LI-ION BATTERIES HAVE DIFFERENT TYPES OF CATHODE CHEMISTRIES MANGANESE: A SMALL COMPONENT, BUT HERE TO STAY NCM – THE DOMINANT CATHODE FOR AT LEAST THE NEXT 8 YEARS Battery Critical metals required (kg/kWh)1 • NCM cathodes are expected to be used in at least 50% of all
Slide 27: Mass Adoption of EVs Imminent
MASS ADOPTION OF EVS IMMINENT AS BEVS BECOME PRICE COMPETITIVE, ADOPTION WILL ACCELERATE Over the next decade 130 individual lithium-ion Battery Megafactories Economies of scale drive down the cost of a lithium-ion battery are planned, which will produce a capacity of 2,397.5 GWh1 below the USD100/k
Slide 28: Manganese in Li-ion Batteries: Where Is the Supply?
MANGANESE IN LI-ION BATTERIES WHERE IS THE SUPPLY? • The market balance of high purity manganese required for batteries is forecast to be in a growing deficit • Few announcements have been made of new capacity planned to meet demand 27 giyanimetals.com Source: Benchmark Mineral Intelligence, August
Slide 29: Current Battery Manufacturer Landscape
CURRENT BATTERY MANUFACTURER LANDSCAPE 28 giyanimetals.com Source: Visual Capitalist