Impact: Very Positive
Giyani Metals announced the completion of exploration drilling at its Otse prospect, part of the 100%-owned K.Hill manganese project in Botswana. After increasing its K.Hill deposit resource estimate by 25% earlier this year (read more), we view these nearby Otse drill results very positively. High-grade mineralization has been intercepted in multiple drill holes which we believe will bode well for updated resource estimate expected in H1/22. In our view, the K.Hill project continues to impress as recent discoveries such as the B Horizon, K.Hill Extension, and Otse and Lobatse prospects, could potentially become sources of high-grade mill feed to the plant helping to lower future operating costs and eventually extend the mine life of the K. Hill project.
