Firebird Metals Ltd. · ASX:FRB
Firebird Metals — Investor Presentation (October 2023)
26 slides from Firebird Metals's investor presentation, Oct 19, 2023
Slide 1: Corporate Presentation: Developing into a Global Cathode Producer
For personal use only CORPORATE PRESENTATION DEVELOPING INTO A GLOBAL CATHODE PRODUCER OCTOBER 2023 ASX:FRB
Slide 2: Disclaimer
DISCLAIMER This presentation contains summary information about Firebird Metals Limited (Firebird) (ABN 24 610 035 535) and is current as of 18th October 2023. The information in this presentation is of a general background and does not purport to be complete. This presentation is not investment or
Slide 3: Emerging Manganese Developer for an Electrified World
EMERGING MANGANESE DEVELOPER FOR AN ELECTRIFIED WORLD For personal use only Well-defined vision and strategic framework Next major growth phase Cornerstone investment of $1.7m established - focused on by Canmax Technologies Co., Ltd, Poised to capitalise on the Manganese (Mn) sulphate becoming Compa
Slide 4: The Firebird Vision
THE FIREBIRD VISION FRB VISION For personal use only Become a global leader in the manganese industry by seamlessly combining mining and downstream processing, with a profound dedication to the advancement of Li-ion & Na-ion battery sectors. By harnessing the power of innovation and sustainability,
Slide 5: LMFP Is the Future Cathode for EV Batteries
LMFP IS THE FUTURE CATHODE FOR EV BATTERIES LFP is the world’s most used Li-ion cathode material - adding Manganese (LMFP) has delivered significant benefits, highlighted by the development of a fine balance of safety, cost & capacity For personal use only LMFP is estimated to be >$US20 billion mark
Slide 6: Manganese Process for Batteries
MANGANESE PROCESS FOR BATTERIES Mn Concentrate Process For personal use only Mining Crushing, Screening, DMS Concentrate Scrubbing Value add: MnSO4 Battery Grade Crystallisation Purification Leaching MnSO4 powder Value add : Cathode material Battery Grade Mix solutions Drying and Roasting CAM i.e. “
Slide 7: Growing Importance of Manganese in Batteries
For personal use only GROWING IMPORTANCE OF MANGANESE IN BATTERIES
Slide 8: Manganese and Its Uses – Rapid Growth in Batteries
MANGANESE AND ITS USES – RAPID GROWTH IN BATTERIES Mineral Processing Steel & Preference Stainless Steel Australia For personal use only Oxide ore Gabon 1. MnO2 Traditional AA Batteries Brazil Batteries Rechargeable Batteries China Carbonate ore Manganese Na-ion 2. Batteries LMFP Ghana MnCO3 Ore Bat
Slide 9: Manganese Uses in Batteries
MANGANESE USES 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) and in its natural form • Current production market sizes are 482kt in Manganese content (kg) in per battery
Slide 10: Li-ion Battery – Lithium Manganese Iron Phosphate (LMFP)
LI-ION BATTERY – LITHIUM MANGANESE IRON PHOSPHATE (LMFP) • There is no perfect Li-ion battery cathode mix: the three key considerations for battery manufactures are Safety, Cost and Capacity For personal use only • Phosphate (LFP) based batteries are safer and cheaper to manufacture, whereas LMFP is
Slide 11: Increasing Use of LMFP by Car Manufacturers
INCREASING USE OF LMFP BY CAR MANUFACTURERS For personal use only Battery Manufacturers LUXEED S7 (3rd quarter 2023 release) uses CATL M3P+TERNARY Cathode Material Manufacturers Tesla has stated plans to have two thirds of their batteries as manganese based 力泰锂 能 New TESLA Model 3 uses CATL M3P 11
Slide 12: Commercialising of LMFP Sets a New Era for Li-ion Batteries
COMMERCIALISING OF No. of LMFP patents registered per year LMFP SETS A NEW ERA FOR LI-ON BATTERIES 162 For personal use only 109 67 LMFP 46 LMFP vs 32 34 CHALLENGES & ADVANTAGES 13 ADVANCEMENTS 2 2 4 9 11 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 LFP Dual Voltage System • Similar p
Slide 13: Commercialising of LMFP Sets a New Era for Li-ion Batteries
COMMERCIALISING OF LMFP SETS A NEW ERA FOR LI-ON BATTERIES • IMnl estimates >3.1Mt • Existing capacity is 600kt • 10-15Mt of LFP planned For personal use only Potential market MnSO4 by 2040, a massive for both battery grade and in production, if size? increase considering in and fertiliser manganese
Slide 14: LMFP Batteries Demand (GWh)
COMMERCIALISING OF LMFP SETS A NEW ERA FOR LI-ON BATTERIES 1,584GWh LMFP Batteries Demand (GWh) For personal use only 1600 1,180GWh 1400 1200 846GWh 1000 GWh 491GWh 800 600 262GWh 127GWh 400 46GWh 4GWh 200 0 2023E 2024E 2025E 2026E 2027E 2028E 2029E 2030E Source: Soochow Securities 16-8-23 14
Slide 15: The FRB LMFP Growth Strategy – Next Steps
THE FRB LMFP GROWTH STRATEGY – NEXT STEPS For personal use only EXPERIENCED TECHNICAL TEAM & KEY DIFFERENTIAL QUALITIES • Oakover ore suitable to produce battery-grade MnSO4 • Extensive research of Chinese MnSO4 market • Access to Chinese manganese sulphate experts with >25 years MnSO4 experience •
Slide 16: Firebird Project Portfolio
For personal use only FIREBIRD PROJECT PORTFOLIO
Slide 17: Manganese Resources Snapshot
MANGANESE RESOURCES SNAPSHOT Significance of the Company’s flagship Oakover Project cannot be underestimated from the perspective of world supply, with continued decline of worldwide Mn production grades and limited number of ASX Mn developers For personal use only GHANA (~6% of Seaborne Trade) • Fu
Slide 18: Project Portfolio
PROJECT PORTFOLIO OAKOVER (FLAGSHIP) For personal use only • Large resource with strong growth upside • Near-surface, gently dipping geology and multiple processing options • Metallurgical test work demonstrated saleable 30 - 32% Mn Concentrate product achievable • Hydrometallurgy test work demonstr
Slide 19: Concentrate Scoping Study Update – Key Results
CONCENTRATE SCOPING STUDY UPDATE – KEY RESULTS • Results confirm Oakover as long-life, high-quality operation, supported by an 18-year LoM, A$741.3 M NPV and IRR of 73.1% For personal use only • Updated Study followed 80% uplift in Indicated Resource at Oakover to 105.8Mt • Study assessed two produc
Slide 20: Rapid and Successful Mineral Resource Development
RAPID AND SUCCESSFUL MINERAL RESOURCE 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 250 Mar 2022 108 Mt uplift in Dec 2021 Mineral Resource to 172 Maiden Inferred Mt at 9.9% Mn 200 Mineral Aug 202
Slide 21: ESG
ESG Firebird’s ESG methodology plays a crucial role in our planning and business operations, including: For personal use only CORPORATE GOVERNANCE HUMAN RESOURCES SUPPORT FOR LOCAL OPERATIONAL SYSTEM MANAGEMENT SYSTEM COMMUNITIES MANAGEMENT Establishing a sound corporate Focusing on employee welfare
Slide 22: Corporate Snapshot
CORPORATE SNAPSHOT Firebird Metals Limited ASX:FRB EVAN CRANSTON Chairperson Share price as of 18/10/2023 $0.165 Mr Cranston is an experienced mining executive, with a background in corporate and mining law. Shares on issue 74.17 M For personal use only Shares to be issued * 64.0 M Shares on Issue a
Slide 23: Strong Financial Position to Execute Key Workstreams
STRONG FINANCIAL POSITION TO EXECUTE KEY WORKSTREAMS • Firm commitments received to raise A$8 million through heavily oversubscribed Placement • Placement was strongly supported by several institutional and sophisticated investors and highlighted by: For personal use only • Follow-on investment from
Slide 24: Cornerstone Investment by Canmax Technologies Co., Ltd
CORNERSTONE INVESTMENT BY CANMAX TECHNOLOGIES CO., LTD • Strategic cornerstone investment of $1.7 million by Canmax Technologies Co., Ltd (Canmax) and will become FRB’s biggest shareholder, with 9.90% holding post Placement completion For personal use only • Canmax is listed on the Shenzhen stock ex
Slide 25: Platform Set to Become a Global Cathode Producer
PLATFORM SET TO BECOME A GLOBAL CATHODE PRODUCER Dedicated to execution of the LMFP growth strategy, which will position Firebird as a key cathode For personal use only producer and in a strong position to benefit from growing demand for LMFP Advanced in planning for potential site for processing pl
Slide 26: Thank You
For personal use only THANK YOU Suite 20, 513 Hay Street Subiaco WA 6008 +61 (08) 6245 9818 www.firebirdmetals.com.au
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