Giyani Metals Corporation has identified multiple new manganese oxide ore targets at its K.Hill project in Botswana.
Additionally, the company has successfully renewed six of its seven prospecting licenses in southern Botswana, extending them until September 30, 2026.
The smallest of the licenses was not renewed due to a lack of substantial geological anomalies compared to the other licenses in the portfolio.
However, the company assures shareholders that this decision will not affect the overall success of the project.
These new targets emerged from a remote sensing survey conducted in the second quarter, which revealed anomalies across many of Giyani’s licenses, warranting follow-up exploration for additional manganese oxide ore sources.
“These newly identified manganese oxide ore targets within the company’s prospecting licenses further reinforce Giyani’s overall exploration and development strategy and demonstrate the potential to increase the company’s battery-grade manganese production beyond the 60-year project life outlined in our 2023 preliminary economic assessment,” said President and CEO Charles FitzRoy.
Before the survey, Giyani had already pinpointed three other potential manganese oxide ore sources within its prospecting licenses—Otse, Lobatse, and Mogobane— which could extend the project life of K.Hill.
“Relinquishing unprospective licenses allows us to consolidate our efforts and intensify our focus on our long-term strategy while meeting the legislative requirements of the Botswana Ministry of Mines.
This decision also enables us to allocate resources effectively toward high-potential areas for increased ore sources, which will support our goal of becoming a leading producer of battery-grade manganese,” FitzRoy concluded.
