EMERGING HIGH-GRADE MANGANESE OPPORTUNITY INVESTOR PRESENTATION - PowerPoint PPT Presentation

EMERGING HIGH-GRADE MANGANESE OPPORTUNITY INVESTOR PRESENTATION – DECEMBER 2017

F O R WA R D L O O K I N G - S TAT E M E N T S This presentation contains forward-looking statements and factual information that are current as of the date the presentation was originally delivered. When used in this presentation, words such as “may”, “would”, “could”, “will”, “expect”, “anticipate”, “estimate”, “believe”, “contemplate”, “intend”, “budget” “plan” and other similar expressions are intended to identify forward-looking statements. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Giyani Metals Corp. (the “Company”) to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of properties; future prices of commodities; fluctuations in currency markets; operating or technical difficulties in relation to the speculative nature of exploration and development; accidents, employee relations (including labour disputes) and other risks of the gold industry; ability to obtain financing; changes in costs and estimates associated with the Company’s projects; legislative, political or economic developments in the jurisdictions in which the Company carries on business; requirements for additional capital; and regulatory restrictions including delays in obtaining governmental approvals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or expected. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable law. 2 2

A U N I Q U E O P P O R T U N I T Y • GIYANI’S CORPORATE OBJECTIVE IS TO BECOME THE WORLD’S LEADING SUPPLIER OF LOW-COST HIGH-GRADE FEEDSTOCK MANGANESE FOR THE BATTERY INDUSTRY • THE COMPANY HAS ACQUIRED A LARGE LAND PACKAGE COVERING 8,135 SQUARE KILOMETERS IN THE KANYE BASIN, SOUTHEASTERN BOTSWANA, AFRICA. THE PROPERTY INCLUDES SEVERAL PAST PRODUCING MANGANESE MINES • HISTORICAL MANGANESE PRODUCTION AND EXTENSIVE GEOLOGICAL STUDIES OF THE AREA PROVIDES GIYANI WITH IN-DEPTH TECHNICAL INSIGHT AND THE ABILITY TO ACCELERATE THE PROJECT INTO PRODUCTION • UNIQUE GEOLOGICAL CHARACTERISTICS MAKE THE KANYE PROJECT A RARE OPPORTUNITY TO DELIVER LOW- COST, HIGH-GRADE MANGANESE IN A QUICK TIME-TO-MARKET • CONFIRMED MANGANESE OCCURRENCES AT TWO PROSPECTS, K.HILL AND OTSE • ASSAY RESULTS FROM THE FIRST 168 SURFACE SAMPLES REPORTED HIGH-GRADE MANGANESE OXIDE (MNO) UP TO 73.4% AT THE K.HILL PROSPECT AND UP TO 67.4% AT THE OTSE PROSPECT • NEAR SURFACE DEPOSITION MAKES IT EASY AND LOW-COST TO OPEN PIT MINE AT THE K.HILL AND OTSE PROSPECTS CO R P O R AT E A D V I S O R P O L I T I CA L A D V I S O R • LOW LEVELS OF IMPURITIES ALLOW FOR COST EFFECTIVE AND SIMPLE BENEFICIATION PROCESS • GIYANI IS UNIQUELY POSITIONED TO RETURN HIGH SHAREHOLDER VALUE IN A RELATIVELY SHORT TIME 3

T H E P R O P E R T Y • 88-100% INTEREST IN AN EXTENSIVE LAND PACKAGE COVERING 8,135 SQUARE KILOMETERS IN SOUTHEASTERN BOTSWANA • SEVERAL HIGH-GRADE MANGANESE OCCURRENCES WHICH PROVIDES GIYANI WITH A PIPELINE OF MULTIPLE PROJECTS TO COLLECTIVELY FORM A LARGE SCALE RESOURCE • CLOSE PROXIMITY TO THE TOWNS OF KANYE, OTSE, AND LOBATSE WITH ACCESS TO GOOD INFRASTRUCTURE, RAIL AND ROAD SYSTEMS, WATER AND ELECTRICITY • OPTIONS TO SHIP OUT OF 5 SEAPORTS ACCESSIBLE VIA RAIL NETWORKS AND STRATEGICALLY LOCATED FOR COST EFFECTIVE SHIPPING TO CHINA AND INDIA • BOTSWANA IS ONE OF THE MOST ATTRACTIVE AFRICAN JURISDICTIONS SUPPORTING MINING OPERATIONS WITH FAVORABLE TAX REGULATIONS AND EFFICIENT GOVERNMENT PROCESSES KANYE PROJECT MANGANESE PROSPECT 4

I N G O O D C O M PA N Y W I T H I N T H E K A L A H A R I B A S I N ESTIMATED PRODUCTION AND GRADE LEVELS OF SOUTH AFRICAN MANGANESE MINES 2.5 million tonnes P/A 40% Manganese 2.3 million tonnes P/A 37% Manganese 2.9 million tonnes P/A 37-55% Manganese 3.8 million tonnes P/A 37-44% Manganese 1.8 million tonnes P/A 33-44% Manganese Kalahari Manganese 2 million tonnes P/A Field 35-45% Manganese Private company (unknown production or grade) Source: Public companies annual reports and third party research. 5

K A N Y E B A S I N M A N G A N E S E • MULTIPLE SURFACE OUTCROPS OF UNIQUE HIGH- GRADE MANGANESE • THE MANGANESE MINED AT K.HILL 1957-1967 CONSISTED, ALMOST ENTIRELY, OF HIGH-GRADE MANGANESE OXIDE NODULES • THE GIYANI GEOLOGICAL TEAM LOCATED MULTIPLE AREAS WHERE THESE NODULES ARE PRESENT • THE MANGANESE ORE DEPOSITS AT K.HILL WERE F O R M E D B Y O X I D A T I O N A N D S U P E R G E N E ENRICHMENT RESULTING IN A VERY STABLE FORM OF MANGANESE OXIDE (SOURCE: BOTSWANA NOTES AND RECORDS VOL.30) • CHEMICAL STABILITY OF K.HILL MANGANESE ORE M A K E S I T C O S T E F F E C T I V E T O S T O R E , A N D TRANSPORT 6

K . H I L L A S S AY R E S U LT S HIGH GRADE MINERALIZED SHALE GRADING UP TO 73% M N O A L O N G 5 0 0 M E T E R S S T R I K E L E N G T H W I T H I N A 1 0 - M E T E R - T H I C K , 1 K M X 1KM ENVELOPE 7 7

K . H I L L I N T E R L A M I N AT E D M A N G A N I F E R O U S S H A L E U N I T CO R P O R AT E A D V I S O R T E C H N I CA L A D V I S O R P O L I T I CA L A D V I S O R 8

K . H I L L G E O L O G I C A L M O D E L 9 9

O T S E A S S AY R E S U LT S HIGH GRADE MANGANESE, UP TO 67.4% MNO AT THE O T S E P R O S P E C T, 4 0 K M E A S T O F T H E K . H I L L PROSPECT 10 10

R O A D M A P Metallurgical studies • Process report • Environment impact • studies Environmental • Mine permitting • management plan RC drill program • Pilot production • Test pit • Mine construction • Initial resource • Vertical integration • estimates Preliminary testing • Mineralogical studies • Q4 2018 Market analysis • Regional mapping • Q3 2018 Surface sampling • Bulk sampling • Q2 2018 Execution Q1 2018 Design Plant design • Plant costing • Q4 2017 Testing Mine plan • Off-take partners • Q2 2017 Economic impact • Understanding assessment Pilot testing • Assessment Product testing and • proto-typing 11

S U C C E S S FA C T O R S STRONG ECONOMIC FUNDAMENTALS STRONG INVESTMENT FUNDAMENTALS GROWING DEMAND OUTSTRIPPING LIMITED 88-100% INTEREST IN 8,135 SQUARE KILOMETERS • • GLOBAL SUPPLY OF HIGH-GRADE MANGANESE CONTIGUOUS LAND PACKAGE MANGANESE AND COBALT ARE CRITICAL FOR A UNDERLAIN BY TRANSVAAL SUPER-GROUP, HOST • • GROWING BATTERY INDUSTRY TO 75% OF WORLD’S MANGANESE RESOURCES R A P I D LY I N C R E A S I N G D E M A N D D R I V E N B Y 3 I D E N T I F I E D P R O S P E C T S T H A T C A N B E • • E L E C T R I C V E H I C L E S , R E S I D E N T I A L E N E R G Y DEVELOPED INDEPENDENTLY S T O R A G E S Y S T E M S , A N D G R I D E N E R G Y- HIGH GRADE, UP TO 73% MNO • STORAGE FARMS S T A B L E O X I D I S E D S T A T E A N D S H A L L O W • SIGNS OF THE BEGINNING OF A COMMODITIES • D E P O S I T I O N R E S U LT I N G I N L O W M I N I N G , SUPER CYCLE PROCESSING, AND REFINING COSTS MANGANESE BASED BATTERY CHEMISTRY IS • STRONG MANAGEMENT AND TECHNICAL TEAMS • USED IN TESLA’S POWER WALL, NISSAN LEAF, C H E V Y V O LT, M O S T P O W E R T O O L S , A N D PROXIMITY TO GOOD INFRASTRUCTURE – ROADS • A L M O S T A L L H E A LT H C A R E A P P L I C AT I O N S AND RAIL SYSTEMS, WATER, AND POWER AMONGST OTHERS COST EFFECTIVE ACCESS TO 5 SEA PORTS • COBALT IS AT RISK OF SEVERE SHORTAGE • FAVOURABLE MINING JURISDICTION WITH LOW • W I T H I N F E W Y E A R S , G I V I N G M A N G A N E S E TAXES AND NO RESTRICTIVE REGULATIONS BASED CHEMISTRY STRONGER POTENTIAL FOR GROWTH MULTIPLE OFF-TAKE OPTIONS TO SHARE PROJECT • FUNDING MANGANESE BASED BATTERIES HAVE SUPERIOR • T H E R M A L S TA B I L I T Y C O M PA R E D T O O T H E R BATTERY CHEMISTRIES 12

S I M P L E , E C O N O M I C A N D FA S T P R O C E S S I N G Secondary Crushing Mobile Rock Breaker +900MM 0-900MM 75-250MM <0.5-75MM 0-250MM LUMPY PRODUCT STOCKPILES Run of mine feed 6-75MM 0- 900MM FINES PRODUCT Screening Primary Crushing STOCKPILE 0.5-6MM <0.5MM FINES DISCARD FINES DISCARD HANDLING <0.5MM MAKE UP PLANT WATER SERVICES RESERVOIR 13