Firebird Metals Ltd. · ASX:FRB
Firebird Metals — IMARC Conference 2024
31 slides from Firebird Metals's conference presentation, Oct 28, 2024
Slide 1: Manganese: The Key to Powering Tomorrow's Batteries
For personal use only MANGANESE: THE KEY TO POWERING TOMORROW’S BATTERIES IMARC CONFERENCE OCTOBER 2024 ASX:FRB
Slide 2: Disclaimer Cautionary Statement – Sulphate Feasibility Study
DISCLAIMER CAUTIONARY STATEMENT – SULPHATE FEASIBILITY STUDY The Feasibility Study referred to in this presentation is a Technical Feasibility of the establishment of the Battery Grade Manganese This presentation contains summary information about Firebird Metals Limited (Firebird) (ABN 24 610 035 S
Slide 3: Market Overview
For personal use only MARKET OVERVIEW
Slide 4: The Shift Towards Manganese-Rich Cathode Materials
THE SHIFT TOWARDS MANGANESE-RICH CATHODE MATERIALS • Focus on Cathode Development: The performance of Li-ion batteries is largely driven by cathode materials. There are countless chemical combinations, making cathode development a key focus area For personal use only • Market Shift to LFP: Nickel-ba
Slide 5: Critical Role of Manganese in Batteries
CRITICAL ROLE OF MANGANESE IN BATTERIES Traditional • Manganese has a long history of being a cathode For personal use only Uses material for batteries in the form of Electrolytic Manganese Dioxide (EMD) Manganese content (100% Mn metal basis) in per battery in each vehicle above Source: Benchmark M
Slide 6: Current Trends in Cathode Development
For personal use only September Suzhou Conference Highlights CURRENT TRENDS Leading researchers and companies showcased the latest developments and new products in manganese- IN CATHODE based battery technology DEVELOPMENT Key Areas of Focus • Current Trends: Continued advancement of Lithium Mangane
Slide 7: Successfully Establishing a Battery Grade Manganese Operation in China
For personal use only SUCCESSFULLY ESTABLISHING A BATTERY GRADE MANGANESE OPERATION IN CHINA
Slide 8: Industry-Leading Manganese Expertise
INDUSTRY-LEADING MANGANESE EXPERTISE BOARD & MANAGEMENT • Proven Track Record - Since listing in 2021, Firebird has focused exclusively on developing a world-class manganese business. The team has consistently met its EVAN CRANSTON objectives on time and within budget, driven by a vision to become a
Slide 9: Strategic Location – Jinshi High-Tech Industrial Park
STRATEGIC LOCATION – JINSHI HIGH-TECH INDUSTRIAL PARK • Premier Chemical Industrial Hub: Jinshi High-Tech Industrial Park is one of the top-rated parks in Hunan Province, known for its For personal use only exceptional services and state-of-the-art facilities • Strategic Connectivity: Located on the
Slide 10: Aerial View of Proposed Plant
ASX: FRB AERIAL VIEW OF PROPOSED PLANT • Preliminary design and key permits secured in less than 12 months For personal use only • Production Capacity – Battery grade 50kt MnSO4 plus 10kt Mn3O4, (72.5Kt MnSO4 equivalent) • 12.09 hectares land with 84,399sqm building area • >5,000 sqm land available
Slide 11: For personal use only
For personal use only Precipitation & Filter Press Plant Water Treatment Plant Ore & Tailing Storage, Calcining Kiln Mn3O4 Plant Office, R&D Facility, Central Control Crystallisation & Packaging Refer ASX announcement 2/10/24
Slide 12: Leading Project Economics – Low-Cost Pathway to Production
LEADING PROJECT ECONOMICS – LOW-COST PATHWAY TO PRODUCTION • Project Economics: Feasibility Study outlined a significant opportunity to establish a near-term, cost-competitive, battery-grade manganese sulphate operation • Low Capital Expenditure (CAPEX): US$83.5 million For personal use only • Worki
Slide 13: Peer Comparison
PEER COMPARISON Firebird Metals Element 25 Train 1 Euro Manganese (ASX: FRB) (ASX: E25) (ASX:EMN, TSXV: EMN, OTCQB: EUMNF) For personal use only Study Complete Feasibility Study Feasibility Study Feasibility Study Production Capacity 72,500 t/a HPMSM 65,000 t/a HPMSM 100,000 t/a HPMSM & 15,000 t/a H
Slide 14: Low-Cost and Strong Economic Profile
For personal use only LOW-COST AND STRONG ECONOMIC PROFILE
Slide 15: Process Flow Diagram – Simple & Effective
PROCESS FLOW DIAGRAM – SIMPLE & EFFECTIVE For personal use only • Efficient and Cost-Effective Operations: Firebird’s Chinese technical team has developed a process with low capital intensity and operational costs, demonstrating their expertise in the field • Sustainable and Eco-Friendly: The proces
Slide 16: Research & Development Lab
RESEARCH & DEVELOPMENT LAB • R&D Lab Completed Early: Firebird successfully completed the construction of its Research and Development lab in January 2024, ahead of schedule and under budget • Pilot Plant in Operation: Producing samples of MnSO4 and Mn3O4 for evaluation by potential customers and of
Slide 17: World's Most Energy-Efficient Manganese Reduction Roasting Kiln
WORLD’S MOST ENERGY-EFFICIENT MANGANESE REDUCTION ROASTING KILN • Innovative Technology for Reduced Energy Consumption: Traditional Manganese calcining technology requires a minimum of 300 kWh per tonne of feed, heating materials to 900°C and then cooling with water and air, leading to significant e
Slide 18: Kiln Testing
For personal use only Speed of Development • R&D – 1 month • Design – 1 month KILN TESTING • Engineering – 1 month • Fabrication and installation – 1 month • Testing and reporting – 1 month • Minimum 70% energy reduction For full details refer to ASX announcement dated 5/6/24, 12/9/24 and 21/10/24 1
Slide 19: World-Leading 5th Generation Continuous High-Pressure Crystallisation Reactor
WORLD-LEADING 5TH GENERATION CONTINUOUS HIGH- PRESSURE CRYSTALLISATION REACTOR 1st generation Single effect evaporator 1st For personal use only •Indirect heating to concentrate solution 2nd generation Multi-effect evaporator 2nd •60% energy use of 1st generation •Recycle residual heating to pre-hea
Slide 20: Why China First? A Strategic Choice for the Future
WHY CHINA FIRST? A STRATEGIC CHOICE FOR THE FUTURE • Dominant Electric Vehicle Market: China became the largest car exporter in 2023, with electric vehicles (EVs) making up nearly all of these exports. Half of all new car sales in China are EVs, and this percentage For personal use only continues to
Slide 21: Hunan Is at the Epicentre of Chinese MnSO4 Demand
HUNAN IS AT THE EPICENTRE OF CHINESE MNSO4 DEMAND For personal use only 21
Slide 22: LMFP with Central South University
For personal use only LMFP WITH CENTRAL SOUTH UNIVERSITY
Slide 23: How Does Firebird Capture the Wave of the Next-Gen Li-ion Batteries?
HOW DOES FIREBIRD CAPTURE THE WAVE OF THE NEXT-GEN LI-ION BATTERIES? • FRB’s vision is to combine its traditional mining business with downstream processing and grow into a global cathode producer For personal use only • Firebird has a strategic advantage on integrating MnSO4 into LMFP production •
Slide 24: Resources
For personal use only RESOURCES
Slide 25: Oakover Project
OAKOVER PROJECT Over the medium to long term, Oakover will play an integral role in the delivery of Firebird’s manganese battery material strategy For personal use only KEY HIGHLIGHTS PORT HEDLAND • Near-surface, gently dipping geology • Metallurgical test work demonstrated saleable 30 - 32% Mn conc
Slide 26: Summary
For personal use only SUMMARY
Slide 27: Delivering on Strategy – Transformative Months
DELIVERING ON STRATEGY – TRANSFORMATIVE 12 MONTHS For personal use only November 2023 January 2024 April and May 2024 May 2024 June 2024 September 2024 October 2024 Establishment of Commencement Investor site visits Financing Sunward Firebird-Sunward Firebird-Sunward a world-class of Pilot Plant agr
Slide 28: Investment Summary
INVESTMENT SUMMARY Proven Team ASX:FRB Leading experience across high-purity manganese sulphate For personal use only development & production, growing projects through the mining Share price as of 22 October 2024 $0.115 lifecycle and delivering long-term stakeholder value Shares on issue 142.36 M M
Slide 29: For personal use only
For personal use only ASX:FRB 38 / 460 Stirling Highway Peppermint Grove WA 6011 +61 (08) 6245 9818 www.firebirdmetals.com.au
Slide 30: References
For personal use only REFERENCES
Slide 31: Comparisons with Other Manganese Sulphate Developers - Sources
Comparisons with other Manganese Sulphate Developers - Sources Euro Manganese Firebird Metals Source: Element 25 Train 1 Source: Source: (ASX:EMN, TSXV: EMN, (ASX: FRB) ASX Announcement (ASX: E25) ASX Announcement ASX Announcement OTCQB: EUMNF) For personal use only Study Complete Feasibility Study