Giyani Metals Corp · TSXV:EMM
Giyani Metals — Investor Presentation (October 2021)
30 slides from Giyani Metals's investor presentation, October 2021
Slide 1: Developing Battery Grade Manganese for the EV Market
DEVELOPING BATTERY GRADE MANGANESE FOR THE EV MARKET OCTOBER 2021 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: 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 7: Giyani Project Portfolio
GIYANI PROJECT PORTFOLIO THREE HIGHLY PROSPECTIVE PROJECTS IN EXCELLENT LOCATION Francistown PROJECTS (100%) Zimbabwe • Three previously producing battery-grade manganese oxide prospects • K.Hill: historic mine with 1.6Mt indicated and 1.4Mt inferred Europe & resources (NI 43-101, August 2021) N. Am
Slide 8: K.Hill Project PEA (April 2021)
K.HILL PROJECT PEA (APRIL 2021) UPDATED PEA TO INCLUDE ADDITIONAL RESOURCES EXPECTED IN Q4 2021 Annual Production (LHS) vs Accumulative Cash • K.Hill is the highest valued project in its peer group on an NPV/t Mn Flow (RHS) resources basis but Giyani trades at the lowest P/NAV 140 700 120 600 • Apri
Slide 9: 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 Comparison of Project Profitability vs Market Value
Slide 10: Manganese vs Battery Metals Peers
MANGANESE VS BATTERY METALS PEERS K.HILL PROFITABILITY RANKS AMONG TOP TIER PRE-CONSTRUCTION LITHIUM PROJECTS Illustrative Comparison of Pre-Construction Lithium and Manganese Projects on Contained Metal Basis 800 NPV/t LCE 700 NPV/t Mn contained NPV/t Resource (USD) 600 500 400 300 200 100 - 9 giya
Slide 11: K.Hill Profitability in Context
K.HILL PROFITABILITY IN CONTEXT ON EQUIVALENT BASIS, K.HILL WOULD RANK AS PREMIER JUNIOR PRODUCER Illustrative Relative Production vs Small Cap Gold Producers Illustrative Relative Production vs Small Cap Copper Producers 160 1,200 120 3.0 Production Opex Production AISC 140 1,000 100 2.5 Annual Pro
Slide 12: K.Hill Project Updated Resource (Sept 2021)
K.HILL PROJECT UPDATED RESOURCE (SEPT 2021) 25% INCREASE IN CONTAINED METAL FROM K.HILL B HORIZON Classification Tonnage Grade Contained Contained • Newly discovered B Horizon increased contained metal by (Mt) MnO (%) MnO (kt) Mn (kt) 25% to 1.7 Mt of HPMSM equivalent Indicated Mineral 1.6 22.0 352
Slide 13: Significant Exploration Upside
SIGNIFICANT EXPLORATION UPSIDE TRANSFORM POTENTIAL AT K.HILL EXTENSION AND OTSE • K.Hill Extension and/or Otse could fundamentally shift project life and economics • K.Hill Extension showing mineralization over an aerial extent comparable to K.Hill Main • Resource model under review by SRK and infer
Slide 14: 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 15: Project Timeline
PROJECT TIMELINE KEY WORKSTREAMS IN HAND FOR FIRST COMMERCIAL PRODUCTION BY 2024 14 giyanimetals.com
Slide 16: 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 17: 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 18: 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 19: Share Structure
SHARE STRUCTURE Warrants/ Options / TICKER MARKET CAP* SHARE PRICE* 52 WEEK RANGE SHARES O/S RSUs O/S TSXV : EMM C$ 89 M C$0.51 C$ 0.17 - 0.87 174,590,234 48,646,656 2 MAJOR SHAREHOLDERS RAB Capital 10.5% Directors and Management 3.0% MMCAP Asset Management 2.9% 1 APAC Resources 1.4% Sentry Resource
Slide 20: 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 19 giyanimetals.com
Slide 21: Appendix
APPENDIX TECHNICAL SLIDES 20 giyanimetals.com
Slide 22: Project Milestones Achieved
PROJECT MILESTONES ACHIEVED Aug. 2019: Completed Apr. 2020: Amended Nov. 2020: Commenced Jan. 2021: Completed Apr. 2021: Updated Aug. 2021: New K.Hill PEA with NPV10 of K.Hill PEA increased hydrometallurgical & in- K.Hill Solar Plant Study K.Hill PEA increased discoveries at K.Hill (the CAD379M & IR
Slide 23: K.Hill Deposit
K.HILL DEPOSIT MINING, PROCESSING AND UPSIDE North MINING & PROCESSING CHARACTERISTICS North Northern portion Northern portion • Low tonnage mining – 175,000 tpa operation Southern portion 930m • Life of Mine stripping ratio of 7.3:1 Southern portion • 3 months of pre-stripping in year 1 • Small min
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: Making High Purity Manganese
MAKING HIGH PURITY MANGANESE INITIAL METALLURGICAL TEST RESULTS ANNOUNCED JUNE 2021 Acid DEMONSTRATION PLANT TetraTech appointed for design and engineering of ROM 3-Stage Grinding scaled down Demo Plant, based in Botswana. Crushing LOW COST OPERATION Leaching Lime & NaHS • Low cost of mining → friab
Slide 26: Targeting Low Carbon Manganese
TARGETING LOW CARBON MANGANESE THREE OPTIONS CONSIDERED IN SOLAR PLANT STUDY No Export’ Net Zero Transition to IPP Scenario 1 2 3 Export of excess power to OTHER ATTRIBUTES THAT CONTRIBUTE TO No Yes Yes grid? LOW CARBON FOOTPRINT OPERATION: Requires Regulatory No Yes Yes approval • Ore source is hig
Slide 27: 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 28: 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 Economies of scale drive down the cost of a lithium-ion Megafactories are planned, which will produce a capacity of battery below the USD100/kWh - the poin
Slide 29: 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 Battery Suitable Supply Demand Balance High Purity Manganese Supply
Slide 30: Current Battery Manufacturer Landscape
CURRENT BATTERY MANUFACTURER LANDSCAPE 29 giyanimetals.com Source: Visual Capitalist