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Botswana – Kanye

KANYE MANGANESE PROJECT

(Updated 5 June 2026 – refer to our announcements page for subsequent updates)

PROJECT SUMMARY


The Kanye Manganese Project in Botswana is a strategically located exploration asset with high-grade manganese mineralisation and potential relevance to the battery materials market. Positioned near the K-Hill deposit, the project has delivered encouraging exploration, drilling and metallurgical results that support further resource definition and technical advancement.

  • Exploration has focused on PL 129/2019 near the K-Hill deposit, where multiple known manganese occurrences indicate district-scale potential.
  • Geophysical surveying, mapping and sampling have helped refine targets and support expansion of the mineralised footprint.
  • Initial drilling at Moshaneng confirmed shallow manganese-iron mineralisation over at least 400m of strike, with strong assay results including 6m at 28.64% MnO, including 4m at 35.38% MnO.
  • Less than 25% of the more than 2km geochemical target has been drill tested, indicating significant upside for further exploration and resource delineation.
  • Metallurgical test work demonstrated high manganese recoveries of up to 99.5% under moderate leach conditions, supporting the project’s potential suitability for high-purity manganese products.
  • The results to date support continued exploration, step-out drilling and ongoing technical studies aimed at defining a resource and advancing the project toward development assessment.

MANGANESE MINERALISATION EXPOSED IN THE MOSHANENG BORROW PIT:

KANYE MANGANESE PROJECT IMAGE GALLERY

Figure 1: Manganese mineralisation at Moshaneng Borrow Pit

Figure 2: Loltware Prospect – Detrital Manganese Mineralisation from trench

Figure 3: Drill rig set up at Moshaneng

Figure 4: Soil sampling at Kanye Project

Geological setting

The project targets manganiferous shale horizons at the contact between the Taupone Group and the underlying Black Reef Formation. This setting is analogous to Giyani Metals Corp’s nearby K-Hill, Otse and Lobatse manganese projects.


PREVIOUS EXPLORATION PRIOR TO ACQUISITION

Historic work identified several manganese prospects across the Kanye property, many of which remain underexplored. Reported results include grab samples of up to 71% MnO at Moshaneng Borrow Pit, channel samples of 53.1% to 74.2% MnO at Mheelo within PL129/2019, assays of up to 43.6% MnO at Loltware, up to 58.5% MnO at Lowe, and up to 54% MnO from trenches at a local talc mine.