Firebird Metals Ltd. · ASX:FRB
Firebird Metals — Investor Presentation (August 2024)
27 slides from Firebird Metals's investor presentation, Aug 5, 2024
Slide 1: Executing a China-Based, Battery Grade High-Purity Manganese Production Strategy
For personal use only EXECUTING A CHINA-BASED, BATTERY GRADE HIGH- PURITY MANGANESE PRODUCTION STRATEGY AUGUST 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: Building a Low-Cost, High-Purity Manganese Sulphate Plant
BUILDING A LOW-COST, HIGH-PURITY MANGANESE SULPHATE PLANT For personal use only Unique, Low-Cost, Successfully executing a high-purity, battery grade manganese sulphate strategy to supply into the Speed-to-Market rapidly expanding LMFP battery market Strategy Due to low-cost MnSO4 production profile
Slide 4: Delivering on the Firebird Vision
DELIVERING ON THE FIREBIRD VISION COMPANY VISION For personal use only Become a global leader in the manganese industry by seamlessly combining mining and downstream processing, with a profound dedication to the advancement of Li-ion & Na-ion battery sectors. By harnessing the power of innovation an
Slide 5: Industry Leading Manganese Team
INDUSTRY LEADING MANGANESE TEAM BOARD • Board brings impressive credentials, leveraging previous successes moving companies through development into operations EVAN CRANSTON Non-Executive Chairperson • Firebird boasts extensive manganese experience: For personal use only • Peter Allen (Managing Dire
Slide 6: LMFP Strategy – Fast Execution
LMFP STRATEGY – FAST EXECUTION For personal use only Completed Looking ahead September 2023 November 2023 January 2024 April and May May 2024 Mid-Q3 2024 August 2024 Late H2 2025 Release of China- Establishment of Commencement 2024 Financing Preliminary Firebird- Commencement Based High- a World-Cla
Slide 7: China-Based Feasibility Study and Financing
STAGE 1 CHINA-BASED FEASIBILITY STUDY AND FINANCING • Feasibility Study confirmed unique opportunity to establish a near- term, highly competitive-cost, battery grade manganese sulphate operation. For personal use only • Projected CAPEX of US$83.5M, working capital US$10.7M • Plant Capacity: Battery
Slide 8: Rapid Development Progress Being Made On-the-Ground in China
RAPID DEVELOPMENT PROGRESS BEING MADE ON-THE-GROUND IN CHINA For personal use only • Preliminary design work, R&D centre, equipment supplier due diligence & project permitting all being progressed at full speed • Estimated permitting & design on track for completion by late Q3 2024 • European custom
Slide 9: Growing Importance and Need for Manganese in Batteries
For personal use only GROWING IMPORTANCE AND NEED FOR MANGANESE IN BATTERIES
Slide 10: Critical Role of Manganese in Batteries
CRITICAL ROLE OF MANGANESE IN BATTERIES Traditional • Manganese has a long history of being a For personal use only Uses cathode material for batteries in the form of Electrolytic Manganese Dioxide (EMD) • Current production market sizes are 482,000t in China and 107,000t for rest of the world Manga
Slide 11: LMFP Is the Future Cathode for EV Batteries
LMFP IS THE FUTURE CATHODE FOR EV BATTERIES BYD's Chairman, Wang Chuanfu, emphasized the significance of their LMFP technology: EV manufacturers using LFMP "Our LMFP Blade Battery represents a significant leap forward in EV battery technology. We believe it will set a new standard for safety, energy
Slide 12: LMFP Is the Future Cathode for EV Batteries
LMFP IS THE FUTURE CATHODE FOR EV BATTERIES • Lithium Iron Phosphate (LFP) is the world’s most used Li-ion cathode material for EV batteries For personal use only • Three critical key considerations for battery manufacturers when assessing and developing a cathode mix is safety, cost and capacity •
Slide 13: China Operations
For personal use only CHINA OPERATIONS
Slide 14: Industry Leading Manganese Partners
INDUSTRY LEADING MANGANESE PARTNERS • Firebird’s partners are leaders within their industries • Strategic Cooperation Agreement with China Chemical will deliver Firebird For personal use only a significant amount synergies and advantages: • China Chemical invested in and manages the Jinshi High-Tech
Slide 15: Operations Located in the Epicentre of Chinese MnSO4 Demand
OPERATIONS LOCATED IN THE EPICENTRE OF CHINESE MnSO4 DEMAND • Plant to be located in the world-class Jinshi High-Tech Industrial Park, Hunan Province, China For personal use only • Strategic location and within close proximity (150km radius) to existing and potential customers - LFP capacity is just
Slide 16: Jinshi High-Tech Industrial Park
JINSHI HIGH-TECH INDUSTRIAL PARK • The Park is ranked as one of the highest in the Hunan Province for its services and facilities For personal use only • The Park is conveniently located on Lishui River, which connects onto the Yangtze River. The bulk terminal has a capacity of over 10 Mt/annum • Pr
Slide 17: Rapid Development Progress Being Delivered in China
For personal use only RAPID DEVELOPMENT PROGRESS BEING DELIVERED IN CHINA
Slide 18: R&D Lab Complete, Pilot Plant Trials Underway
R&D LAB COMPLETE, PILOT PLANT TRIALS UNDERWAY • Firebird completed construction of the Research and Development lab in January 2024, ahead of schedule and under budget • Pilot Plant operational and producing samples of MnSO4 and Mn3O4 for potential customers and offtake parties For personal use only
Slide 19: High-Level Process Flow Diagram
HIGH-LEVEL PROCESS FLOW DIAGRAM - 50KTPA HIGH PURITY MnSO4·H2O AND 10KTPA HIGH PURITY Mn3O4 For personal use only • Firebird’s Chinese technical team’s expertise reflected in low capital intensity and low operating cost process • Reduction roasting, crystallisation and drying & packing all have pate
Slide 20: 5th Generation Continuous High Pressure Crystallisation Reactor Is World Leading
5th GENERATION CONTINUOUS HIGH PRESSURE CRYSTALLISATION REACTOR IS WORLD LEADING 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-h
Slide 21: Calcining Unit – Sunward Agreement
CALCINING UNIT – SUNWARD AGREEMENT • Conventional calcining technology consumes minimum 300kwh per tonne of feed, materials are heated to 900 degrees celsius and cooled down by using a combination of water and air - energy is wasted during cooling For personal use only • Firebird’s technology (paten
Slide 22: Engineering & Permitting - Progressing as Planned
ENGINEERING & PERMITTING - PROGRESSING AS PLANNED • Firebird currently focused on completing key preliminary PERMIT STATUS engineering & civil work design works 1 Project Initiation Permit by the Granted For personal use only NDRC (National Development and • More than 50% of preliminary design work
Slide 23: Oakover Project
For personal use only OAKOVER PROJECT
Slide 24: Oakover Project
OAKOVER PROJECT Over the medium to long term, Oakover will play an integral role in the delivery of Firebird’s manganese For personal use only battery material strategy PORT HEDLAND Key Highlights • Near-surface, gently dipping geology • Metallurgical test work demonstrated saleable 30 - 32% Mn NEWM
Slide 25: Large Resource with Strong Growth Upside
LARGE RESOURCE WITH STRONG GROWTH UPSIDE • Through the successful exploration and development, Firebird has grown Oakover into a sizeable manganese project • Updated DMS Manganese Concentrate Scoping Study generated strong For personal use only results and highlighted Oakover as a long-life, high-qu
Slide 26: Investment Summary
INVESTMENT SUMMARY Proven Team ASX:FRB Leading experience across high-purity manganese sulphate For personal use only Share price as of 1 August 2024 $0.115 development & production and growing projects through the mining lifecycle Shares on issue 142.36 M Market capitalisation $16.4 M Leading Locat
Slide 27: 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
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