Giyani Metals Corp · TSXV:EMM
Giyani Metals — Investor Presentation (April 2023)
33 slides from Giyani Metals's investor presentation, April 2023
Slide 1: Developing Battery Grade Manganese For The EV Market
Developing Battery Grade Manganese For The EV Market Building a global battery metals player APRIL 2023 TSXV: EMM I OTC:CATPF
Slide 2: Forward Looking Statements
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 Company’s future perfo
Slide 3: Building a global battery metals player
Building a global battery metals player Demand for battery-grade China currently* controls over EV companies are seeking No new ex-China sources of manganese is set to soar 30- 94% of the high-purity responsible supply chains to HPMSM have been fold by 2036 with a significant manganese sulphate prov
Slide 4: A strong asset base in a pivotal, pro-mining jurisdiction
A strong asset base in a pivotal, pro-mining jurisdiction Beira Projects Maputo Giyani’s Kanye Basin prospects consist of eight prospecting licences, including three Walvis Bay wholly owned brownfield manganese oxide assets: K.Hill: historic mine near the village of Kanye Otse: 2 km from the A1 high
Slide 5: ESG responsibility central to Giyani
ESG responsibility central to Giyani • Responsibility underpins our business, and we are committed to operating at high standards of governance and in an ethical, sustainable manner that is beneficial to all stakeholders • Our goal is to be a producer with low CO2 emissions, enhancing positive impac
Slide 6: The Market
The Market
Slide 7: HPMSM price is not a key driver of cathode cost
HPMSM price is not a key driver of cathode cost Estimated NMC-622 Cathode Price Sensitivity • Batteries make up c.30% of the total cost of EVs • HPMSM is estimated to contribute approx. 1 – 2% of cathode cost • Lithium-ion batteries, therefore not Battery Cell Cost materially sensitive to the price
Slide 8: Battery manganese production landscape
Battery manganese production landscape • By 2036, HPMSM demand is expected to reach 5.5Mtpa, but supply is forecast to only be capable of producing 2.8Mtpa • China currently controls c.94% of the global supply market • Currently, there are only three new 94% projects at feasibility stage supply from
Slide 9: Giyani to be a globally significant HPMSM producer in a market set for a major deficit
Giyani to be a globally significant HPMSM producer in a market set for a major deficit Global HPMSM Production vs Demand (CPM Major Global HPMSM Producers by Initial Group) Capacity 300 (Current and Forecast) 5,500 5,000 Production Capacity (kt HPMSM) 250 4,500 4,000 200 3,500 (kt HPMSM) 3,000 150 2
Slide 10: Our Assets
Our Assets TSXV: EMM I OTC:CATPF
Slide 11: Focused on creating a positive legacy
Focused on creating a positive legacy Planning and development • Project development has focused mitigation hierarchy of avoid – minimise – mitigate 3.2kg • The project would be one of the first to fully beneficiate to final product wholly within Botswana Studies being undertaken • Environmental and
Slide 12: A fully-integrated battery metals operation
A fully-integrated battery metals operation FS pit shell • All operations to be located on site near Kanye, Botswana • Uncomplicated operation through a combination of low impurity ore and overburden which is largely amenable to free dig mining • Plant will treat 200 kt of ROM ore per annum • Direct
Slide 13: Material upside in K.Hill orebody
Material upside in K.Hill orebody Indicated Resource Inferred Resource K.Hill Project Resource Growth 7,000 1,000 Resource Tonnage ('000t) Contained MnO ('000t) 6,000 800 5,000 4,000 600 3,000 400 2,000 200 1,000 - - Apr-20 Apr-21 Sep-21 Feb-22 Indicated Inferred Cont MnO (RhS) Tonnage Grade MnO Con
Slide 14: K.Hill 2022 feasibility study highlights
K.Hill 2022 feasibility study highlights Project Economics US$481M 28% US$281M 3.6 years Post tax NPV8 Internal Rate of Initial capex incl Payback from first Return contingency of US$32M production Life of Project Financial Highlights US$2,993M US$1,369M US$1,624M US$1,093M Revenue Operating cost EB
Slide 15: Competitive initial capital cost with opportunity for operating cost optimization
Competitive initial capital cost with opportunity for operating cost optimization Initial Construction Capital Requirement Operating Cost Profile US$672/t milled Energy 10% Other Processing 5% reagent freight 26% Maintenance 12% Processing reagents Operating Cost 47% Mining G&A TMF Processing • Reag
Slide 16: Proven direct processing route to HPMSM
Sophisticated battery-grade manganese processing flowsheet K.Hill Process Plant Infrastructure Proven direct • Hydrometallurgical process developed over more than a year of testwork (optimisation processing • ongoing) No energy-intensive calcining or route to • electrowinning required No addition of
Slide 17: Demonstration plant to de-risk production process
Demonstration plant to de-risk production process • Contract signed with Met63 for the construction of the demonstration plant in South Africa • Replicating K.Hill’s proposed hydrometallurgical process, de-risking the commercial plant development and providing a platform for operational training • C
Slide 18: Nearby upside potential
Nearby upside potential Additional projects in Otse, Lobatse and Mogobane provide further nearby resource upside to feed the K.Hill operation. MOGOBANE Otse • High-grade supergene podiform manganese oxide mineralisation from surface, located 50 km from K.Hill with direct access to highway for ore tr
Slide 19: The Opportunity
METALS CORP. a. tC Opportunity
Slide 20: FS project completion timeline
FS project completion timeline 2022 2023 2024 2025 2026 Feasibility 1 2 ESIS & permitting 3 4 Engineering Construction 5 6 1 Completion of metallurgical test work and confirmation of target high purity quality spec 2 Completion of feasibility study for K.Hill project 3 Regulatory review of ESIS and
Slide 21: Unlocking overlooked value in the battery metals market
Unlocking overlooked value in the battery Metals market Near-Term Catalysts Submission of ESIS Q1 2023 Strong base case Operating in a Leadership team Commissioning of Building a responsible to supply a growing premier jurisdiction with a track record supplier of premium Demonstration Plant EV marke
Slide 22: For More Information
FOR MORE INFORMATION Jonathan Henry George Donne Executive Chair VP of Business Development info@giyanimetals.com @GiyaniMetals Giyani-metals TSXV: EMM I OTC:CATPF Giyanimetals.com
Slide 23: Appendix
aN Appendix
Slide 24: A track record of successful project delivery
A track record of successful project delivery Senior Management Jonathan Henry Danny Keating Eugene Lee George Donne Dirk Geerligs Executive Chair President & CEO CFO VP Business VP Project Development Development & Construction Jacques du Toit Marion Thomas Luhann Theron Elisa Davis Justin Taylor V
Slide 25: Strong share structure and debt-free
Strong share structure and debt-free Share Price Cash TSXV: EMM I OTC: CATPF CA$0.20 CA$16.1M 52 week - CAD0.125 - 0.44 As of Sept 30 2022 Shares in issue Debt 218M Zero Market Cap Last fundraising CA$44M CA$11.5M @ C$0.44/share (Dec 3, 2021) Major Shareholders Total Exercise Price Expiry RAB Capita
Slide 26: Building strong stakeholder relations
Building strong stakeholder relations 2022 Site visit with Verkor and the Honourable Dr Kwape (MP for Kanye South and Minister of Foreign Affairs) and other leaders Giyani supporting Hope Worldwide – Giyani geologist Ilaki Tsabang Mining Indaba, Cape Town - Elisa Davis (Giyani Country Manager) and T
Slide 27: Future pointing to Mn-rich batteries for the mass market sector
Future pointing to mn-rich batteries for the mass market sector • Increasing numbers of original equipment manufacturers (OEMs) and battery companies are looking at manganese(Mn)-rich solutions to feed the mass market sector • Price and responsibility concerns are driving end-users away from cobalt
Slide 28: Opportunity to establish market share with major customers
Opportunity to establish market share with major customers • Giyani’s product can be sold to a wide range of consumers who demand traceable, responsible raw materials • Facility in Botswana to service both western and eastern markets • Targeting multiple international cathode active material (CAM),
Slide 29: EV battery metals supply chain
EV battery metals supply chain PROCESSED BATTERY RAW MATERIALS BATTERY PACKS EVS MATERIALS Mineral ores are mined These metal salts are Cathodes, anodes and Completed battery packs and processed into battery- combined into precursor other components inserted into EVs by car grade salts e.g. HPMSM, m
Slide 30: Feasibility study: upside price forecast potential
Feasibility study: upside price forecast potential FS Price Forecast vs CPM Group 6,000 • CPM projects demand for HPMSM in LI Batteries to grow by nearly 30 times between 2021 and 2036 5,000 • FS model uses CPM HPMSM forecast adjusted to run a flat HPMSM Price (US$/t) price from Year 6 of the produc
Slide 31: Feasibility study: K.Hill operating profile on 2Mt probable reserve
Feasibility study: K.Hill operating profile on 2mt probable reserve Life of Project (LOP) Mining Profile LOP Plant Operating Profile 400 12 250 25% 350 10 200 20% 300 Processed / Produced (kt) RoM Ore Mined (kt) 8 MnO Grade 250 Strip Ratio 150 15% 200 6 100 10% 150 4 100 50 5% 2 50 0 0 0 0% 1 2 3 4
Slide 32: Feasibility study: robust K.Hill project economics
Feasibility study: robust K.Hill project economics LOP Post-Tax Net Free Cash Flow LOP Key P&L Results Profile 400 1,200 350 70% 1,000 300 300 60% 800 Net Free Cash Flow (US$M) Cumulative NFCF (US$M) 250 50% Revenue/Opex (US$M) 200 600 EBITDA Margin 200 40% 400 100 150 30% 200 0 0 100 20% -2 -1 1 2
Slide 33: Significant progress towards development
Significant progress towards development Resource Milestones Sep. 2021: New MRE of Feb. 2022: 1.6Mt in Indicated New MRE of Category and 2.1Mt in Indicated 1.4Mt in Inferred Category and 3.1Mt in Inferred Aug. 2021: New Dec. 2021: Nov. 2020: Mar. 2021: discoveries at Completion of Commenced Complete