Firebird Metals Ltd. · ASX:FRB
Firebird Metals — Investor Presentation (August 2025)
23 slides from Firebird Metals's investor presentation, Aug 12, 2025
Slide 1: Manganese Rich Battery Chemicals – The Future
For personal use only Manganese Rich Battery Chemicals – The Future ASX: FRB firebirdmetals.com.au A division of Firebird Metals Limited
Slide 2: Disclaimer
DISCLAIMER This presentation contains summary information about Firebird Metals Limited (Firebird) (ABN 24 610 035 535) and is current as of 11th August CAUTIONARY STATEMENT – SULPHATE FEASIBILITY STUDY 2025. The information in this presentation is of a general background and does not purport to be
Slide 3: Mn-Rich Future: Vertically Integrated Battery Tech
Mn-Rich Future Vertically Integrated Battery Tech FIREBIRD METALS For personal use only Pioneering next-generation Maximizing margin capture through a manganese-rich battery cathodes world-class R&D lab with “Ore to Company with superior performance. Cathode capability”. Overview World-class Technic
Slide 4: The Shift To Manganese-Rich Cathodes
The Shift To Manganese- Rich Cathodes LFP Today For personal use only Lithium Iron Phosphate (LFP) 80% of cathode market % Rising Mn Content 50 50 Emerging Manganese Content (%) 40 LMFP Lithium Manganese Iron Phosphate (LMFP) rapid adoption in 2025 30 25 20 20 15 10 The Future 0 0 LMR Lithium Mangan
Slide 5: LMFP Has Taken Off
LMFP Has Taken Off Manganese-rich Outpace Other Cathode Mixtures For personal use only LMFP Market growth • 2 new LMFP plants commenced production in China in 2025 • Over a million tonnes of LMFP production planned • High Purity Manganese Sulphate (HPMSM) is a key ingredients for LMFP Market Forecas
Slide 6: For personal use only
For personal use only 1 2 3 4 5 Raw Precursor (pCAM) & Cathode Active Mn-Rich Mn-Rich Materials Input Materials Materials (CAM) Battery Cell Battery Pack ASX: FRB firebirdmetals.com.au 6
Slide 7: Manganese Use & Firebird's Chemistry Focus
Manganese Use & Firebird's Chemistry Focus For personal use only Firebird's Strategic Advantage Experienced Core Focus & Experienced Ore to Cathode R&D Lab MnSO₄ Mn₃O₄ & MnCO₃ • Vertically integrated from ore to high-purity manganese chemicals HPMSM Manganese Tetroxide • Capability to supply ALL typ
Slide 8: Competitive Advantage: Our Team & IP
Competitive Advantage: Our Team & IP For personal use only Sector-leading expertise and propriety technology positions Firebird at the forefront of manganese innovation Sector-Leading Australian-Chinese Team Over 50 years of combined expertise in manganese and chemical sectors, unmatched in Western
Slide 9: Firebird Lab: Ore to Cathode
Firebird Lab: Ore to Cathode Our state-of-the-art research facility demonstrates complete integration from manganese ore to finished battery cathodes Fully operational 3rd Party Regional Multiple Manganese For personal use only since Dec 2023 Battery Testing Advantage for R&D Chemistry Capabilities
Slide 10: LMFP Margin Opportunity
LMFP Margin Opportunity US$1,476/t LFP v LMFP Price Differential1 5,000 100% US$/t (VAT Excluded) MN CHEMICAL & MARGIN FRB 4,000 80% Driving Market Growth For personal use only process savings Firebird estimates that China’s LMFP cathode production capacity will 3,000 Lithium, iron, Lithium, iron, c
Slide 11: Proprietary Tech Platform
Proprietary Tech Platform FRB Process Savings FRB 5th Gen Crystalliser CSU and Firebird’s innovative technologies deliver significant efficiency and Kiln (standard operating) For personal use only improvements and cost savings across the production chain by bypassing the manganese sulphate crystalli
Slide 12: High-level HPMSM Process Flow Diagram
Firebird Firebird’s technical team brings extensive Special Tech Manganese Ore commercial production experience For personal use only High-level HPMSM Process Flow Diagram Leaching Reduction Roasting Grinding Sustainable and Eco-Friendly The process is designed to be environmentally sustainable, ens
Slide 13: Industry-leading cost position
Industry-leading cost position Lowest energy Advanced process consumption engineering HPMSM OPEX Advantage use only Firebird maintains the lowest OPEX among US$579/t1 global manganese sulfate producers Proprietary technology advantages Strategic China production base Capital Intensity US$/10,000t Of
Slide 14: Oakover Project
Oakover Project Strategic resource securing long-term manganese supply for our battery materials For personal use only Oakover provides the future upstream security for our manganese PORT HEDLAND chemicals business, with favorable geology, near-surface deposits and metallurgical testing confirming b
Slide 15: Rapid Low-cost Development Of Technologies
Rapid Low-cost Development October 2024 Central Southern University – LMFP collaboration agreement Of Technologies For personal use only Firebird-Sunward kiln testing 2025 – FRB delivered impressive results Continued cathode test work and development June 2024 Sunward Agreement on Potential offtakes
Slide 16: Proven Team
Proven Team Chairperson Managing Director Special Advisor to Board For personal use only Evan Cranston Peter Allen Ken Hoffman Mr. Cranston is an experienced mining Mr. Allen is a mining executive, with Mr. Hoffman was formerly Global executive, with a background in more than 20 years' experience in
Slide 17: Sustainability & ESG Commitment
Sustainability & ESG Commitment Firebird is committed to responsible mining and chemical For personal use only production practices with transparent ESG standards Low-Carbon Process Our kiln technology reduces energy consumption by 70%, while our 5th-gen crystalliser cuts energy usage by 50% compare
Slide 18: Investment Snapshot
Investment Snapshot Unique LMFP Technology Global Technology Platform For personal use only $0.125 142.36 M Positioned in a rapidly growing Scalable IP model designed in China, manganese-rich cathode market owned in Australia, deployable worldwide Share Price (18 July 2025) Shares on issue with prop
Slide 19: Market Cap Comparison
Resource Adjacent Technology Company ASX Code Market Cap Stage Market Cap Comparison IperionX use only IPX $1.3BN Pilot Limited 1,400 1.33 B Alpha HPA 1,200 A4N $1BN Pre-production 1.07 B Limited 1,000 MTM Critical For personal A$M MTM $441M Pilot 800 Metals Limited 600 Titomic 448 M 441 M TTT $378M
Slide 20: Firebird: At The Forefront Of Battery Cathode Innovation
For personal use only Pioneering Mn-Rich Tech Proprietary Technology Australian-owned with China- 70+ patents across Technical Firebird: based R&D, delivering world-class LMFP technology as EVs shift to manganese-rich batteries Team with significant cost and energy saving innovations At The Forefron
Slide 21: Thank you
For personal use only A division of Firebird Metals Limited Thank you 38 / 460 Stirling Highway Peppermint Grove WA 6011 +61 (08) 6245 9818 firebirdmetals.com.au ASX: FRB
Slide 22: Addendum - Benchmarking Manganese Sulphate Developers
Addendum - Benchmarking Manganese Sulphate Developers 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 Feasibili
Slide 23: Addendum: Sources
Addendum : Sources COMPANY LFMP PRODUCTION ARTICLE REFERENCES Production Capacity t/a Output t/a Production Start Date Link Shanxi Tevashi Energy Technology Co., Ltd. 100,000 100,000 In Operation, May 2025 https://news.qq.com/rain/a/20250529A01X8Z00 For personal use only Jiangsu Qianyun High Tech Ne
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