Firebird Metals Ltd. · ASX:FRB
Firebird Metals — 121 Mining Investment London 2022
15 slides from Firebird Metals's conference presentation, Nov 22, 2022
Slide 1: Building WA's Next Major Manganese Operation
For personal use only BUILDING WA’S NEXT MA JOR MANGANESE OPERATION 121 Mining Investment London November 22-23 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 17 November 2022. The information in this presentation is of a general background and does not purport to be complete. This presentation
Slide 3: Emerging Manganese Developer
EMERGING MANGANESE DEVELOPER For personal use only • Successfully executing a growth strategy targeting production of: ➢ Manganese concentrate ➢ High purity manganese sulphate • Well-positioned, Western Australian based portfolio, underpinned by a 229Mt Resource base, with significant growth upside
Slide 4: 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 14/11/22 $0.20 67.5 M PETER ALLEN Managing Director Shares on issue * Excludes pending Tr
Slide 5: Manganese Market
MANGANESE MARKET BATTERIES STEEL ✓ Importance and ✓ Strong long-term For personal use only critical role of infrastructure (steel) market manganese in fundamentals battery cathodes ✓ No substitute for manganese continues to in Steel production grow ✓ Manganese consumed in form of manganese alloys Mn
Slide 6: Manganese Market: Alloy consumption
MANGANESE MARKET For personal use only Manganese Alloy consumption STEEL Mn metal and MLC FeMn (kt, gross weight) 20 3.0 18 2.5 SiMn vs HC FeMn consumption (Mt, gross weight) 16 14 2.0 12 10 1.5 ✓ SiMn is the largest manganese alloy market 8 1.0 ✓ Manganese concentrate 6 expected to be produced from
Slide 7: Li-ion Batteries and Manganese Importance
LI-IONBATTERIES AND MANGANESE IMPORTANCE For personal use only Manganese Sulphate CPM estimate approximately 90kgs of High Purity Manganese Sulphate is required per EV battery Manganese importance and content growing in both major cathode configurations NMC and LFP (new LMFP) 7
Slide 8: Flagship Oakover Project
FLAGSHIP OAKOVER PROJECT ✓ Located 85km East of Newman For personal use only ✓ Excellent geological characteristics, highlighted by near surface / shallow mineralisation ✓ 482 holes for 22,800 m completed through historical exploration and drilling by Firebird ✓ Mineral Resource of 172 Mt at 9.9% Mn
Slide 9: Oakover Mineral Resource Estimate
OAKOVER MINERAL RESOURCE ESTIMATE Highlighted by near-surface, gently dipping geology and multiple processing options, providing an For personal use only exciting production pathway to deliver superior value to shareholders Area Mineral Tonnes Mn (%) Fe (%) SiO2 (%) Al2O3 P (%) LOI Resource (Mt) (%)
Slide 10: Oakover – Advanced Metallurgical Test Work
OAKOVER – ADVANCED METALLURGICAL TEST WORK MANGANESE CONCENTRATE TEST WORK HIGH PURITY MANGANESE SULPHATE TEST WORK For personal use only Gravity Separation – Work Completed • Test work ongoing and delivering positive results: • Preliminary heavy liquid beneficiation test work on -8+1 mm • Amenable
Slide 11: Oakover – Concentrate Scoping Study Results
OAKOVER – CONCENTRATE SCOPING STUDY RESULTS Mining & Production • Processing plant throughput of ~4 Mtpa, to produce ~900 ktpa of 30% Mn concentrate annually For personal use only Profile (Based on MRE at • 10-year Life of Mine Sixty Sixer) ‐ First ~6.5 years of production based on 30.5Mt Indicated
Slide 12: Hill 616
HILL 616 ✓ 35km south of Oakover For personal use only ✓ Shallow, gently dipping geology, similar to Oakover ✓ Historical drilling of 116 holes for 4,900m completed, over a strike of 2.2km ✓ 57.5 Mt @12.2% Mn Inferred Mineral Resource Mineral Resource Tonnes Zone Mn (%) Fe (%) SiO2 (%) Al2O3 (%) P (
Slide 13: 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 14: Developing WA's Next Manganese Operation
DEVELOPING WA’S NEXT MANGANESE OPERATION ✓ Total Mineral Resource Estimate across Oakover and Hill 616 increased by 350% to 229Mt For personal use only ✓ Indicated Resource of 58.7Mt @ 10.4% Mn at Oakover ✓ Successfully progressing Manganese hub strategy, targeting manganese concentrate and high pur
Slide 15: Thank You
For personal use only THANK YOU Suite 20, 513 Hay Street Subiaco WA 6008 +61 (08) 6245 9818 www.firebirdmetals.com 15