K.Hill Project Investment Highlights

Vertically integrated battery metals developer, well positioned to leverage the growth in the battery electric vehicle market

Vertically integrated battery metals developer, well positioned to leverage the growth in the battery electric vehicle market

Low carbon, sustainability focussed, fully beneficiated project in one of the top mining jurisdictions in Africa

Low carbon, sustainability focussed, fully beneficiated project in one of the top mining jurisdictions in Africa

Experienced management and board with a track record of successful project delivery

Experienced management and board with a track record of successful project delivery

PEA 2023 - Robust economic returns: A Base Case post tax NPV8 of US$984M (C$1.3bn) and a post-tax IRR of 29%

PEA 2023 - Robust economic returns: A Base Case post tax NPV8 of US$984M (C$1.3bn) and a post-tax IRR of 29%

PEA 2023 - Base Case annual production capacity of c.80,000 tonnes of battery grade HPMSM per year

PEA 2023 - Base Case annual production capacity of c.80,000 tonnes of battery grade HPMSM per year

Demonstration Plant on track to produce HPMSM for offtaker testing by H2 2024

Demonstration Plant on track to produce HPMSM for offtaker testing by H2 2024

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ROUTE TO MARKET

5 seaports accessible by rail and road with cost effective shipping to Asia, Europe and North America

INFRASTRUCTURE

The K.Hill Project is located near the 45,000-inhabitant town of Kanye, which hosts good rail and road connections, sufficient water supply, a 167-bed hospital and reliable power connectivity

JURISDICTION

Botswana is consistently rated as one of the most attractive African countries for supporting investment in mining, due to favourable tax regulations and efficient government processes

CAPACITY

Up to 600 kg per day of HPMSM

OFFTAKER QUALIFICATION

The Demo Plant will enable offtaker testing of our HPMSM product in H2 2024

DEMONSTRATION PLANT

SCALE

1:350 compared to the planned commercial scale plant

HPMSM MARKET

Once construction is completed, the facility will be the largest HPMSM Demo Plant globally

PRELIMINARY ECONOMIC ASSESSMENT  (July 2023)

Net Present Value
Post-tax NPV(8%) US$984 M (C$1.3B)
Internal Rate of Return
29.4% after tax
Capex
US$284M
Project Life
57 years
Total Project Production
3,561 Kt of High Purity Manganese Sulphate Monohydrate
Mining Method
Open pit, free-digging mining

Other Prospects

OTSE

  • High-grade supergene podiform manganese oxide mineralisation, with a high manganese to iron ratio of ~8:1
  • The licenses includes two small-scale historically mined pits (<20m depth x ~70m long), which are 2km apart
  • Mineralisation at surface and in present in the old pits
  • Work to date consists of 6 diamond core drill holes and geophysical survey 
  • 40km from K.Hill 
  • Within 2km of a railway the A1 highway 

LOBATSE

  • Manganese oxide mineralisation hosted in a siliceous shale (similar mineralisation style to K.Hill)
  • Outcropping at surface and dipping at ~30 degrees towards the east
  • Strike length ~2km
  • Work to date consists of 3 diamond core exploration drill holes
  • Historical artisanal mining in the area
  • 50km from K.Hill 
  • Adjacent to the A1 highway and 1km from the border with South Africa