Firebird Metals Ltd. · ASX:FRB
Firebird Metals — Investor Presentation (April 2023)
17 slides from Firebird Metals's investor presentation, Apr 4, 2023
Slide 1: Building WA's Next Major Manganese Operation
For personal use only BUILDING WA’S NEXT MA JOR MANGANESE OPERATION ASX:FRB
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation contains summary information about Firebird Metals Limited (Firebird) (ABN 24 610 035 535) and is current as of 31 March 2023. The information in this presentation is of a general background and does not purport to be complete. This presentation is
Slide 3: A Tier-One Manganese Opportunity
A TIER-ONE MANGANESE OPPORTUNITY Successfully executing well-defined growth strategy to produce manganese For personal use only concentrate and high-purity sulphate (HPMSM) 234 Mt1 in Resources across Western Australian based project portfolio, with significant exploration and development growth ups
Slide 4: A Well-Positioned Project Portfolio
A WELL-POSITIONED PROJECT PORTFOLIO For personal use only OAKOVER (FLAGSHIP) • Located 85km east of Newman PORT HEDLAND 1 • Large MRE of 176.7 Mt at 10% Mn, with 105.8 Mt at 10.1% in an indicated category and strong growth upside 3 • Near-surface, gently dipping geology and multiple processing optio
Slide 5: Rapid and Successful Project Development
RAPID AND SUCCESSFUL PROJECT DEVELOPMENT Since listing in early 2021, FRB has rapidly grown and developed its project portfolio, with a key focus on Oakover For personal use only 2021 March 2021 ASX listing, Oakover Inferred Mineral Resource of 64 Mt at 10% 1 August 2021 Maiden 233-hole,10,000m RC d
Slide 6: Oakover Growing in Size and Scale
OAKOVER GROWING IN SIZE AND SCALE • 80% increase in Indicated Resources at Oakover to 105.8 Mt For personal use only • Impressive Resource upgrade a result of the 82 hole, 2,828m infill drill program at the Jay Eye and Karen deposits, completed in October 2022 • Oakover Mineral Resource Estimate sta
Slide 7: Oakover – Concentrate Scoping Study Results
OAKOVER – CONCENTRATE SCOPING STUDY RESULTS For personal use only Profile (Based on MRE at • Processing plant throughput of ~4 Mtpa, to produce ~900 ktpa of 30% Mn concentrate annually Sixty Sixer) • 10-year Life of Mine based on Sixty Sixer deposit ‐ First ~6.5 years of production based on 30.5 Mt
Slide 8: Outstanding Metallurgical Testwork Results
OUTSTANDING METALLURGICAL TESTWORK RESULTS • Major milestone through completion of HPMSM test work program, which delivered For personal use only excellent results: • Production of >99.8% purity manganese sulphate monohydrate crystal • Meets battery grade specification • HPMSM crystals contain >32%
Slide 9: Growing Importance of Manganese in Li-ion Batteries
GROWING IMPORTANCE OF MANGANESE IN LI-IONBATTERIES For personal use only Importance of manganese within the EV battery sector is growing, due to its use in both Nickel and LFP battery cathode streams : • Why is this? Higher manganese allocations within EV batteries can drive cost reductions, without
Slide 10: Manganese Value Proposition in EV Batteries
MANGANESE VALUE PROPOSITION IN EV BATTERIES For personal use only Typically, Manganese accounts Manganese importance and for only content growing in both major 1-2% of the cost of cathode cathode configurations materials NCM and LFP (new LMFP) 10
Slide 11: Manganese Demand
MANGANESE DEMAND For personal use only • HPMSM demand driven by lithium-ion battery usage in EV’s • Mn demand in lithium-ion batteries is forecast to rise from 0.129Mt • Manganese rich cathodes are still at an early stage contained Mn units in 2022 to 1.37Mt contained Mn units by 2040 (Wood Mackenzi
Slide 12: Manganese Rich NCM Cathodes
Manganese Rich NCM cathodes For personal use only Development of Manganese rich NCM batteries continues to grow Volkswagen, Tesla and Stellantis all announced high Manganese content in nickel-based batteries Indicative Metals Intensity By Battery Type NCA 0.76 0.13 NCM 9½½ 0.83 0.04 0.1 NCM 811 0.76
Slide 13: Manganese Demand
MANGANESE DEMAND For personal use only Global HPMSM demand by the lithium-ion battery industry is forecast to grow by 33% CAGR to 2.915 Mt manganese between 2021-2031. (Source: E Source) Forecasts of global Manganese sulphate demand by the Li-ion battery industry 2020-2031 3,500 2,951 3,000 2,660 In
Slide 14: Building Long-Term Value for Stakeholders
BUIDLING LONG-TERM VALUE FOR STAKEHOLDERS For personal use only Oakover Wandanya Hill 616 • Completion of High-Purity Sulphate • Progressing relevant heritage • Strategic location to Oakover Manganese Scoping Study in Q3 agreements and surveys • Shallow, near-surface significant 2023 • Mapping progr
Slide 15: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only EVAN CRANSTON Chairperson Mr Cranston is an experienced mining executive, with a background in corporate and mining law Firebird Metals Limited ASX:FRB Share price as of 29/3/23 $0.14 Shares on issue 69.99 M PETER ALLEN Managing Director Mr Allen is a mining
Slide 16: The Firebird Advantage
THE FIREBIRD ADVANTAGE For personal use only A sizeable manganese portfolio, with 234 Mt1 in Resources and 105.8 Mt in an Indicated Resource category 2 Further exploration and development growth upside across entire Project portfolio Successful Manganese Concentrate Scoping Study complete, confirmin
Slide 17: Thank You
For personal use only THANK YOU Suite 20, 513 Hay Street Subiaco WA 6008 +61 (08) 6245 9818 www.firebirdmetals.com 17