Firebird Metals Ltd. · ASX:FRB
Firebird Metals — Investor Presentation (July 2022)
20 slides from Firebird Metals's investor presentation, Aug 1, 2022
Slide 1: Building WA's Next Major Manganese Operation
For personal use only BUILDING WA’S NEXT MA JOR MANGANESE OPERATION INVESTOR PRESENTATION - JULY 2022 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 28 July 2022. The information in this presentation is of a general background and does not purport to be complete. This presentation is n
Slide 3: Emerging Manganese Developer
EMERGING MANGANESE DEVELOPER For personal use only 229Mt in Resources across Project Completion of Scoping Study at Successful metallurgical testwork Portfolio flagship Oakover Project, with programs highlight commercial results confirming outstanding 58.7Mt @10.4% Mn in Indicated concentrate produc
Slide 4: Flagship Oakover Project
FLAGSHIP OAKOVER PROJECT ✓ Located 85km East of Newman For personal use only ✓ Characterised by near surface / shallow mineralisation ✓ 400 holes for 20,090 m completed through historical exploration and recent drilling by Firebird ✓ Firebird's maiden 233-hole, 10,145m reverse circulation percussion
Slide 5: Oakover Mineral Resource Estimate
OAKOVER MINERAL RESOURCE ESTIMATE Deposit underpinned by near-surface, gently dipping geology and multiple processing options, providing For personal use only an exciting production pathway to deliver superior value to shareholders Area Mineral Tonnes Mn (%) Fe (%) SiO2 (%) Al2O3 P (%) LOI Resource
Slide 6: Oakover Metallurgical Test Work
OAKOVER METALLURGICAL TEST WORK Work Completed – Ore Sorting For personal use only • Excellent ore sorting results, with beneficiated product grades up to 31% Mn (11.4% Mn feed) • Importance of multi-sensor sorting (incl XRT which approximates DMS density upgrade), not dependent on colour and total
Slide 7: Impressive Scoping Study Financials
IMPRESSIVE SCOPING STUDY FINANCIALS For personal use only NPV@8% ~A$329m IRR of 47% Payback Period of <3 years Total CAPEX $A143.8m Average annual A$73.4M for plant EBITDA ~A$72.7m A$70.4M for renewable power plant, road upgrades and other infrastructure 7 Refer to ASX Release 20 July 2022 “Impressi
Slide 8: Scoping Study Results
SCOPING STUDY RESULTS For personal use only Mining & Production • Processing plant throughput of ~4 Mt annually, to produce ~900 kt of 30% Mn concentrate annually Profile (Based on MRE • 10-year Life of Mine at Sixty Sixer) ‐ First ~6.5 years of production based on 30.5Mt Indicated Resource ‐ Last ~
Slide 9: High-Purity Sulphate Scoping Study
HIGH-PURITY SULPHATE SCOPING STUDY For personal use only • Targeting production of High Purity Manganese Sulphate Monohydrate (HPMSM) for the Battery Industry • Sulphate test work commenced , with completion expected by H2 2022, key results include: • Amenable to Reductive Leaching using SO2 with ex
Slide 10: Hill Project – Exploration Growth
HILL 616 PROJECT – EXLPORATION GROWTH ✓ 35km south of Oakover For personal use only ✓ Shallow gently dipping geology, similar to Oakover ✓ Historical drilling of 116 holes for 4,900m over a strike of 2.2 km ✓ 57.5 Mt @12.2% Mn Inferred Mineral Resource Mineral Resource Tonnes Zone Mn (%) Fe (%) SiO2
Slide 11: Manganese Market
MANGANESE MARKET Manganese Sulphate For personal use only BATTERIES STEEL EMD EMM SiMn MLC FeMn HCFeMn Mn consumption by first-use (Mt Mn contained) SiMn vs HC FeMn consumption (Mt, gross weight) 20 3.0 Mn metal and MLC FeMn (kt, gross weight) 18 16 2.5 SiMn vs HC FeMn consumption (Mt, gross ✓ SiMn
Slide 12: Li-Ion Batteries: Understanding the Manganese Potential
LI-IONBATTERIES UNDERSTANDING THE MANGANESE POTENTIAL For personal use only NMC (Nickel, Manganese & Cobalt) is the dominant EV Li-ion battery cathode chemistry today and is expected to be so for at least the next two decades 12
Slide 13: Oakover Being Developed in a Timely Manner
OAKOVER BEING DEVELOPED IN A TIMELY MANNER • No substitute for manganese in steel production For personal use only • Manganese importance rising as a critical battery mineral and leveraging forecast growth in EVs and battery storage • Growing push to source ‘ethical’ manganese from jurisdictions wit
Slide 14: Strong Commitment to ESG Objectives
STRONG COMMITMENT TO ESG OBJECTIVES • Committed to developing Oakover in line with ESG strategy and objectives For personal use only • Key focus on integration of clean energy technologies where possible through development and operational stages • Energy management plan will ensure local community
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 per 28/7/22 $0.19 PETER ALLEN Managing Director Shares on issue 54.6 M Mr Allen is a mining exec
Slide 16: Developing WA's Next Manganese Operation
DEVELOPING WA’S NEXT MANGANESE OPERATION For personal use only ✓ Total Mineral Resource Estimate across Oakover and Hill 616 increased by 350% to 229Mt ✓ Indicated Resource of 58.7Mt @ 10.4% Mn at Oakover ✓ Manganese hub strategy targeting manganese concentrate and high purity manganese sulphate ✓ E
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
Slide 18: Oakover Project – Scoping Study – Addendum
OAKOVER PROJECT – SCOPING STUDY – Addendum For personal use only Ore Sort and Jig - All In Sustaining Cost Summary Capital Cost C1 CASH COSTS Unit LOM – TONNE LOM – CONC TONNE Process Plant Mining Bulk Earthworks $1 M Power $/t 0.0 0.1 Crushing & Stockpiles $9.3 M Mining Labour | Salaries $/t 0.3 1.
Slide 19: Oakover Project – Scoping Study – Addendum
OAKOVER PROJECT – SCOPING STUDY – Addendum For personal use only Cross Section 1 (for clarity 5 times vertical exaggeration has been applied) Cross Section 1 location19 Full thickness Cross Section of Block Model (for clarity 5 times vertical exaggeration has been applied)
Slide 20: Oakover Project – Scoping Study – Addendum
OAKOVER PROJECT – SCOPING STUDY – Addendum For personal use only Life of Mine Schedule by Phase, in tonnes 30% Mn Product Tonnes 20