Mr. Danny Keating reports

K.HILL PROJECT GRANTED ENVIRONMENTAL AUTHORISATION AND SUBMITS MINING LICENCE APPLICATION

Giyani Metals Corp. has received the environmental authorization (EA) for its K.Hill battery-grade manganese project in Botswana. This enabled the company to finalize the mining licence application for the project, which was submitted to the Department of Mines before the end of 2023.

Highlights:

• The company completed the environmental impact assessment (EIA) process in accordance with the Environmental Assessment Act of 2011, the Environmental Assessment Regulations of 2012, and the International Finance Corp. performance standards on environmental and social sustainability of 2012.
• The EIA process culminated in the submittal of a comprehensive environmental impact statement (EIS) to the Botswana Department of Environmental Affairs (DEA) in March, 2023. Following detailed review and public consultation, the DEA approved the EIA and issued the EA with a validity period of 25 years, subject to renewal thereafter.
• Receipt of the EA, together with the required Land Board surface rights approvals and other technical studies, enabled the company to complete the mining licence application process for K.Hill. The mining licence application was submitted to the Department of Mines in late December, 2023.
• The proposed mining licence area is sufficient to accommodate K. Hill's requirements over the extended 57-year life of operations as defined in the preliminary economic assessment prepared in July, 2023.

Danny Keating, president and chief executive officer of the company, commented: "Securing environmental approvals for mining projects can often take a number of years; so, achieving this major milestone in such a short period of time is testament to the diligent approach adopted by the Giyani E&S team and the efficient and rigorous review undertaken by the DEA. Our experience to date validates Botswana's global ranking as a top mining investment jurisdiction.

"Giyani's pre-emptive decision to commit to the IFC performance standards, in addition to the high requirements of Botswana legislation, as part of this process not only aligns with our values as a company but ensures all work streams and activities align with international lenders' requirements for construction financing.

"We will continue to work closely with the Department of Mines with the aim of being granted the mining licence in the first half of 2024."

About Giyani Metals Corp.

Giyani's mission is to become a sustainable, low-carbon producer of battery materials for the electric vehicle (EV) industry. The company has developed a hydrometallurgical process to produce high-purity manganese sulphate monohydrate, a lithium-ion battery cathode precursor material critical for EVs, directly from ore from its manganese oxide deposits in Botswana.

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