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

EMERGING HIGH-GRADE MANGANESE OPPORTUNITY INVESTOR PRESENTATION – JUNE 2018 1

F O R W A R D L O O K I N G - S T A T E M E N T S This presentation contains forward-look ing statements and factual information that are current as of the date the presentation was originally delivered. Wh en used in th is presentation, words such as “may”, “wou ld”, “cou ld”, “will”, “expect”, “anticipate”, “estimate”, “believe”, “contemplate”, “intend”, “budget” “plan” and oth er similar expressions are intended to identify forward-look ing statements. F orward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activ ities, expenditures , permitting, and requirements for additional capital and access to data. F orward-looking statements involv e known and unknown risks, uncertainties, and oth er factors which may cause the actual results, performance or achiev ements of Giyani Metals Corp. (the “C ompan y”) to be materially different from any future results, performan ce or achievements expressed or implied by the forward-looking statements . Such factors include, among oth ers, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; th e ability to enter into joint v entures or to acqu ire or dispos e of pr operties; 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 econ omic dev elopments in the jurisdictions in which the Company carries on business; requirements for additional capital; and regulatory restrictions including delays in obtaining gov ernmental approvals . Although the Compan y has attempted to identify important factors that could cause actual results to differ materially from thos e contained in forward-look ing statements, there may be other factors that cause results not to be as anticipated, estimated or expected. Th e Compan y disclaims any intention or obligation to update or revise an y forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable law. 2

A U N I Q U E O P P O R T U N I T Y • GIYA NI’S COR PORA TE OBJ ECTIV E IS T O BE COME A LEA DING INDEPENDE NT S UPP LIER OF L OW- COS T HIGH-GRA DE F EEDS TOCK MA NGA NES E F OR THE BA TTERY INDUS TRY • THE COMPA NY IS CU RRENT LY DEV ELOP ING THREE P ROS PECTS (K.HI LL , OTS E, A ND L OBA TS E ) WITHIN ITS LA RGE LA ND PA CKA GE OF 8, 135 S QUA RE KIL OMETERS , L OCA TED IN THE KA NYE BA S IN, S OUTHEA S TERN B OTS WA NA , A F RICA . THES E PROS PECTS E NCOMPA S S S EV ERA L PA S T PRODUCING MA NGA NES E MINES • PHA S E-ONE OF 2018 OPERA TI ONA L P ROGRA M UNDE RWA Y Q2/ Q3, INC LUDING G ROUND GEOPHYS ICA L S URV EYING A ND A DIA MOND DRILLING CA MPA IGN • MA GNETIC A ND GRA V ITY GEOPHYS ICA L S URV EYING COMPLETED A T K.HILL A ND OTS E. DRILLING COMPLETED A T K.HILL. • HYDROMETA LLURGICA L TES TING COMMENCED MA Y 31, 2018 • NEA R S URF A CE DEPOS ITION MA KES IT RELA TIV ELY EA S Y A ND LOW-COS T TO OPEN PIT MINE A T THE K.HILL A ND OTS E • LOW LEV ELS OF IMPUR ITIES A L LOW F OR COS T EF F ECTIV E A ND S IMPLE BENEF I CIA TION PRO CES S TO UPGRA DE THE ORE TO A BA TTERY GRA DE MA NGA NES E 3

T H E P R O P E R T Y • 8 8 -1 00 % I N TER EST I N AN EX TEN SI V E LAN D P AC K AG E C O VER I N G 8 , 1 3 5 SQ UAR E K I L O MET ER S I N SO UTHEASTER N B O TSWAN A • SEV ER AL HI GH -GR AD E MAN G AN ES E O C C UR R EN C ES WHI C H P R O V I DES GI Y AN I WI TH A P I P EL I N E O F MUL TI P L E P R O JEC TS TO C O LLEC TI VELY FO R M A LAR GE-SC AL E R ESO UR C E • C L O SE P R O X I MI TY TO TH E TO WN S O F K AN YE, O T SE, AN D LO B AT SE WI T H AC C ES S TO GO O D I N FR ASTR UC TUR E, R AI L AN D R O AD SYSTEMS, WATER AN D EL EC TR I C I TY • O P TI O N S TO SHI P O UT O F 5 SEAP O R TS AC C ESSI B L E V I A R AI L N ETWO R K S AN D STR ATE GI C AL L Y L O C ATED FO R C O ST EFFEC TI VE SHI P P I N G TO C HI N A AN D I N DI A • B O TSWAN A I S O N E O F TH E MO ST AT TR AC TI V E AFR I C AN JUR I SDI C TI O N S SUP P O R TI N G MI N I N G O P ER ATI O N S WI TH FAVO R AB L E TAX R EGUL ATI O N S AN D EFFI C I EN T GO VER N MEN T P R O C ESSES KANYE PROJECT MANGANESE PROSPECT 4

M A N G A N E S E R I C H R E G I O N 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 KA LAHARIMANGANESE MINES 2.5 million tonnes P/A 40% Manganese 2.3 million tonnes P/A 37% Manganese 2.9 million tonnes P/A 37% Manganese 3.8 million tonnes P/A 37% Manganese 1.8 million tonnes P/A 33% Manganese 2 million tonnes P/A 35% Manganese Privatly owned (unknown production or grade) Source: Public companies annual reports and third party research. 5

G R O W I N G D E M A N D F O R L I T H I U M - I O N B A T T E R I E S D E M A N D F O R B A T T E R I E S I S G R O W I N G E X P O N E N T I A L L Y A S G L O B A L S A L E S O F • E L E C T R I C V E H I C L E S A R E F O R E C A S T E D T O I N C R E A S E F R O M 1 . 1 M I L L I O N I N 2 0 1 7 T O 1 1 M I L L I O N I N 2 0 2 5 A N D T H E N S U R G E T O 3 0 M I L L I O N I N 2 0 3 0 * B Y 2 0 4 0 5 5 % O F A L L N E W C A R S A L E S A N D 3 3 % O F G L O B A L F L E E T W I L L B E • E L E C T R I C * • E L E C T R I C V E H I C L E C O S T W I L L B E C O M E C O M P E T I T I V E W I T H O U T S U B S I D I E S S T A R T I N G I N 2 0 2 4 A N D W I L L R E A C H P A R I T Y W I T H I N T E R N A L C O M B U S T I O N E N G I N E V E H I C L E S B Y 2 0 2 9 * • L I T H I U M - I O N B A T T E R Y M A N U F A C T U R I N G C A P A C I T Y I S 1 3 1 G W H P E R Y E A R I N 2 0 1 8 J U M P I N G T O 4 0 0 G W H P E R Y E A R B Y 2 0 2 1 B A S E D O N E X I S T I N G A N D U N D E R C O N S T R U C T I O N P L A N T S * • T H E G R O W T H O F E L E C T R I C V E H I C L E S R E Q U I R E S A D R A M A T I C S C A L E - U P I N T H E B A T T E R Y S U P P L Y C H A I N I N C L U D I N G M A N G A N E S E • O T H E R E N E R G Y S T O R A G E A P P L I C A T I O N S L I K E R E S I D E N T I A L A N D G R I D - S U P P O R T A R E A L S O G R O W I N G A N D D R I V I N G D E M A N D F O R B A T T E R I E S * Source: Bloomberg New Energy Finance 2018 6

R I S I N G D E M A N D F O R M A N G A N E S E B Y B A T T E R Y M A K E R S • M A N G A N E S E I S R E Q U I R E D I N T W O O F T H E M O S T P R O M I N E N T B A T T E R Y C A T H O D E C H E M I S T R I E S , N I C K E L - M A N G A N E S E - C O B A L T ( N M C ) A N D L I T H I U M - M A N G A N E S E - O X I D E ( L M O ) • N M C B A T T E R I E S C O N T A I N 7 0 % L E S S C O B A L T T H A N S O M E C U R R E N T B A T T E R I E S A N D W I L L B E A D O P T E D I N C R E A S I N G L Y D U E T O R I S I N G C O B A L T P R I C E S * P R E V A L E N C E O F T H E N M C B A T T E R Y W I L L D R I V E D O W N T H E C O S T O F • B A T T E R Y P A C K S A C C E L E R A T I N G T H E P A C E T O M E E T E V A D O P T I O N L E V E L T A R G E T S D E M A N D F O R T H E C O M P O N E N T S O F T H E L I T H I U M - I O N B A T T E R I E S W I L L • I N C R E A S E F R O M ~ 0 . 7 M I L L I O N M E T R I C T O N S I N 2 0 1 8 T O O V E R 1 0 M I L L I O N M E T R I C T O N S I N 2 0 3 0 * • R A W M A T E R I A L P R I C E S A R E S E T T O R I S E , S P E E D I N G U P T H E A D O P T I O N O F L O W - C O B A L T B A T T E R Y C H E M I S T R I E S * U M I C O R E , O N E O F T H E L A R G E S T B A T T E R Y C A T H O D E S U P P L I E R S , • A N N O U N C E D A N I N V E S T M E N T P R O G R A M O F € 3 0 0 M I L L I O N B E T W E E N 2 0 1 7 A N D 2 0 1 9 T O I N C R E A S E I T S P R O D U C T I O N O F N M C C A T H O D E M A T E R I A L S * Source: Bloomberg New Energy Finance 2018 7

K . H I L L A N D O T S E P R O S P E C T S K.Hill Prospect near the town of Kanye Otse Prospect near the village of Otse 8

K A N Y E B A S I N M A N G A N E S E ▪ MULT IP LE S U RF A CE O UT CR O PS O F UNIQUE HIGH-GRA DE MA NGA NES E ▪ THE MA N GA NES E MIN ED A T K.H IL L 1 957 - 1967 C ONS IS TED , A LM OS T E NTI RE LY, O F HIGH -G RA D E MA NGA NES E OX ID E NODULES ▪ THE GIYA NI GE OL OG ICA L TEA M L OCA TE D MULT IP LE A REA S W HER E THES E NO DU LE S A RE S TILL PRES ENT TODA Y ▪ THE MA NGA NES E ORE D EP OS ITS A T K.HI L L WER E F ORM ED BY O XIDA T IO N A N D S UPE RGE NE E NR IC HME NT RES U LTI NG I N A V ERY S TA B LE F O RM OF MA NGA NES E OXI DE (S O UR CE : B OTS WA NA N OTES A N D RECORDS V OL.30) ▪ CHEM ICA L S TA BI LIT Y OF K.H IL L MA NGA N ES E O RE MA KES I T C OS T EF F ECTIV E TO S TORE, A ND TRA NS PORT 9