Firebird Metals Ltd. · ASX:FRB
Firebird Metals — Euroz Hartleys Institutional Investor Conference 2026
30 slides from Firebird Metals's conference presentation, Mar 18, 2026
Slide 1: Next Gen Battery Materials Company
For personal use only Australian Made Next Gen Battery Materials Company Euroz Hartleys Institutional Investor Conference | 17- 19 March 2026 ASX: FRB firebirdmetals.com.au
Slide 2: Company Overview
Mn- Rich Future Vertically Integrated - Pioneering next - generation - Maximising margin capture through FIREBIRD METALS manganese - rich battery cathodes with “Concentrate to Cathode” single processing For personal use only superior performance. circuit capability. - Demand for energy storage (ESS)
Slide 3: Market Drivers
For personal use only Market Drivers ASX: FRB firebirdmetals .com.au 3
Slide 4: The Shift To Manganese-Rich Cathodes
The Shift To Manganese - Rich Cathodes Manganese is Cheaper, Safer, Abundant & Secure For personal use only Today LFP Lithium Iron Phosphate (LFP) 80% of cathode market % Rising Mn Content 50 >50 Manganese Content (%) 40 Rapidly Emerging 30 LMFP Lithium Manganese Iron Phosphate (LMFP) rapid 25 adopt
Slide 5: BYD Blade 2.0 Validates LMFP transition + the Manganese Supply Chain
BYD Blade 2.0 Validates LMFP transition + the Manganese Supply Chain For personal use only BYD’s March 2026 launch demonstrates LMFP batteries are reaching next - generation performance at scale BYD’s 2nd - Gen Blade Battery (LMFP) BYD’s scale turns this from a technology shift • 5 min charge: 10% →
Slide 6: Blade II to Drive Significant Manganese Demand
Blade II to Drive Significant Manganese Demand 1 BYD is pursuing LMFP technology 2 EV market growth significantly drives battery demand For personal use only 3 Manganese demand scales rapidly with LMFP adoption BYD Blade II signals the beginning of large - scale adoption of manganese - rich cathode
Slide 7: Lithium–Manganese Battery Tech is Advancing
Lithium – Manganese Battery Tech is Advancing Manganese - rich Outpace Other Cathode Mixtures LMFP & LMR Market growth For personal use only Forecast Demand by Cathode type & HPMSM (tonnes) 16,000,000 4,000,000 14,000,000 3,500,000 12,000,000 3,000,000 10,000,000 2,500,000 8,000,000 2,000,000 6,000,
Slide 8: Battery Energy Storage Opportunity
Battery Energy Storage Opportunity LMFP Advantage LMFP uses less expensive metals to produce higher density prismatic batteries leading to: For personal use only + more energy in an equivalent size pack + lower overall costs and + a smaller development footprint This is the reason LMFP battery energ
Slide 9: Battery grade material to become largest segment of manganese market
On a value basis, within 10 years, battery grade material will become the largest segment of the global manganese market For personal use only $60 $40 $20 PCAM Powders could hit $60Bn $0 2020 2025 2030 2035 2035 Battery Steel Other LMFP/LMR ($Billion) Manganese Raw Materials PCAM (Source: Traubenbac
Slide 10: Firebird Metals Next Gen Technology Driven Value Proposition
For personal use only Firebird Metals Next Gen Technology Driven Value Proposition ASX: FRB firebirdmetals .com.au 10
Slide 11: Manganese battery value chain
For personal use only 1 2 3 4 5 Raw Input Materials (HPMSM) Cathode Active Mn- Rich Mn- Rich Materials (Mn conc.) & Precursor (p - CAM) Materials (CAM) Battery Cell Battery Pack ASX: FRB firebirdmetals .com.au 11
Slide 12: Competitive Advantage: Our Team & IP
Competitive Advantage: Our Team & IP For personal use only Sector - leading expertise and propriety technology, at the forefront of manganese battery materials innovation Sector - Leading Australian - Chinese Team Over 50 years of combined expertise in manganese and chemical sectors, unmatched in We
Slide 13: Firebird Lab: Concentrate to Cathode
Firebird Lab: Concentrate to Cathode Fully operational since Dec 2023 - Multiple Manganese Chemistry Capabilities. For personal use only Our state - of - the - art facility (650 sqm) demonstrates complete integration from manganese concentrate to LMFP and LMR battery cat hodes. CAM Process CAM Leach
Slide 14: Firebird MFP p-CAM Exceeds China Industry Standards
Firebird MFP p - CAM Exceeds China Industry Standards Across all Key Performance Parameters For personal use only China Industry FRB Results Q2 FRB Results Q4 Parameter FRB 2026 Target Standard 2025 2025 Impurity content (K, 150 –300 ppm ≤ 100 ppm Na, Ca, Mg, Cu, Zn, ≤ 150 ppm (High impurity) (Low i
Slide 15: Extensive Development Work Completed to Date
Extensive Development Work Completed to Date For personal use only ACTIVITY Nov Jan May Jun Oct Mar Jun July Nov Dec Jan 2023 2024 2024 2024 2024 2025 2025 2025 2025 2025 2026 Establishment of a world - class, sector leading technical team Commencement of Pilot Plant operations Completion of highly
Slide 16: Australian Demonstration Plant
Australian Demonstration Plant For personal use only WORLD FIRST: Firebird to develop Australia’s first demonstration - scale, end - to- end, high purity manganese battery materials facility Ore/ HPMS p- CAM CAM concentrate (solution) Watch the video showcasing our advanced manganese-based battery t
Slide 17: Australian Demonstration Plant (ADP)
Australian Demonstration Plant (ADP) For personal use only DE - RISKED: The ADP integrates China - developed process know - how with Western engineering, safety and regulatory standards, enabling deployment - ready technology suitable for Australian and broader international markets. EXPERTISE: Purp
Slide 18: ADP Process Flow – Firebird's Experience
ADP Process Flow – Firebird’s Experience Oakover Mn concentrate + PATENTED Manganese Project Carbon EXPERTISE NCM & For personal use only LMFP pCAM Crystallisation HPMSM or CAM (customer) EXPERTISE EXPERTISE Reduction Leaching/Filtration EXPERTISE Roasting /Impurity Removal Mn₃O ₄ / LMFP & LMO Oxida
Slide 19: ADP – De-risked Pathway to Commercialisation
ADP – De - risked Pathway to Commercialisation ✓ Validated to Date (China) 1 What ADP Maintains 2 What ADP Improves 3 China Pilot Plant Learnings 4 For personal use only ▪ End - to- end + standalone validation ▪ Purpose - built, fully integrated ▪ Operating since 2023: continuous ▪ China lab capacit
Slide 20: Next Steps: ADP 2026 Development Timeline
Next Steps Australian Demonstration Plant (ADP) For personal use only 2026 Development Timeline ACTIVITY Q1 Q2 Q3 Q4 IP Licence Agreement ✓ Site Selection Equipment Order Equipment Delivery Site Readiness ADP Commissioning ADP Sample Production Customer / Investor / Govt Site Visits Australia Patent
Slide 21: Proven Team
Proven Team For personal use only Executive Chairman CEO Special Advisor to Board Evan Cranston Ron Mitchell Ken Hoffman Mr. Cranston is an experienced mining Mr. Mitchell has more than 25 years’ Mr. Hoffman was formerly Global executive, with a background in experience in senior commercial, Head of
Slide 22: Corporate Snapshot
Corporate Global technology platform Shareholders Snapshot Scalable IP model designed in China, owned in Australia, deployable worldwide For personal use only $0.22 182.36 M Capital Share price 16 Mar 2026 Shares on issue structure $40.12 M 49 M Market Options Board & Management 13.64% capitalizatio
Slide 23: Sustainability & ESG Commitment
Sustainability & ESG Commitment Firebird is committed to responsible mining and chemical For personal use only production practices with transparent ESG standards Low - Carbon Process Our kiln technology reduces energy consumption by 70%, while our 5 th - gen crystalliser cuts energy usage by 50% co
Slide 24: At The Forefront Of Manganese Battery Cathode Innovation
For personal use only Pioneering Mn - Rich Tech Proprietary Technology Australian - owned, delivering Multiple patents and Firebird: world - class LMFP and LMR technology as EVs shift to lower proprietary know - how, now strengthened by an exclusive At The Forefront cost manganese - rich batteries e
Slide 25: Thank you
For personal use only Thank you Ron Mitchell Chief Executive Officer ron.mitchell@firebirdmetals.com.au ASX: FRB firebirdmetals .com.au 25
Slide 26: Appendix 1: Oakover Manganese Project
For personal use only Appendix 1: Firebird Metals’ 100% Owned Oakover Manganese Project ASX: FRB firebirdmetals .com.au 26
Slide 27: Oakover Project
Oakover Project Strategic resource securing long - term manganese supply for our battery materials For personal use only Oakover provides the future upstream security for our manganese PORT HEDLAND chemicals business, with favorable geology, near - surface deposits and metallurgical testing confirmi
Slide 28: Mining Lease and DMS Manganese Concentrate Scoping Study
Mining DMS Manganese concentrate Lease scoping study Updated Dense Media Separation (DMS) Manganese Concentrate Scoping Study For personal use only (30/8/23) results confirm flagship Oakover Firebird has been granted Project as long - life, tier - one manganese operation. Mining Lease ML 52/1086 Key
Slide 29: Rapid and Successful Mineral Resource Development
Rapid and Successful Mineral Resource Development March 2025 Since listing in early 2021, FRB has rapidly grown and developed its Mining Lease For personal use only project portfolio, with a key focus on Oakover Aug 2023 Granted Updated Dense Media 250 Mar 2022 Separation 108 Mt uplift in (DMS) scop
Slide 30: Disclaimer
DISCLAIMER CAUTIONARY STATEMENT – SULPHATE FEASIBILITY STUDY This presentation contains summary information about Firebird Metals Limited (Firebird) (ABN 24 610 035 535) and is current a s o f 18th November 2025. The information in this presentation is of a general background and does not purport to
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