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The layered delafossite compound AgNiO with stacking symmetry undergoes a structural metal-to-metal transition at K. It has been described in the past as a charge-ordering transition, where local spins are formed on part of the Ni sites. By means of first-principles many body calculations, we show that the transition is in fact a site-selective Mott transition on the Ni sublattice with only minor charge differentiation. Key to this finding is the uncovering of ligand-hole physics, rendering a Ni instead of a formal Ni oxidation state, in conjunction with strong local Coulomb repulsions.

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