Botswana

Giyani Metals' K. Hill manganese project in Botswana shows a post-tax NPV of $481.5 million, half the value estimated in the 2023 preliminary economic assessment. This valuation reduction indicates higher costs or lower returns for manganese production, affecting supply chain planning for this critical battery mineral.

Botswana Minerals has started Phase 1 work on its copper licences in Ngamiland, north-west Botswana, located in the underexplored Damara Belt. This exploration program targets a region with significant copper potential, which is crucial for investors given copper's role in electrification and renewable energy infrastructure.