Firebird Metals Ltd. · ASX:FRB
Firebird Metals — Corporate Update (April 2024)
28 slides from Firebird Metals's corporate update, Apr 23, 2024
Slide 1: China-Based Battery Grade High-Purity Manganese Production Strategy
For personal use only CHINA-BASED BATTERY GRADE HIGH-PURITY MANGANESE PRODUCTION STRATEGY INVESTOR SITE VISIT PRESENTATION APRIL 2024 ASX: FRB
Slide 2: Disclaimer
DISCLAIMER ASX: FRB This presentation contains summary information about Firebird Metals Limited (Firebird) (ABN 24 610 035 535) and is current as of 2ND APRIL 2024. The information in this presentation is of a general background and does not purport to be complete. This presentation is not investme
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 manganese sulphate strategy to supply into the rapidly Speed-to-Market expanding LMFP battery market . Investor Site visit in China to demonstrate the compelling Stra
Slide 4: Development Progress in China Continuing as Planned
DEVELOPMENT PROGRESS IN CHINA CONTINUING AS PLANNED • Preliminary design work, R&D centre, equipment supplier due For personal use only diligence & project permitting are all being progressed at full speed • Estimated permitting & design on track for completion by late Q3 2024 • European customer si
Slide 5: The Firebird Vision
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 and sustainabili
Slide 6: The Critical Role of Manganese in Batteries
THE 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 M
Slide 7: LMFP Is the Future Cathode for EV Batteries
LMFP IS THE FUTURE CATHODE FOR EV BATTERIES EV manufacturers using LFMP • 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
Slide 8: China Operations
For personal use only CHINA OPERATIONS
Slide 9: Industry Leading Manganese Team
INDUSTRY LEADING MANGANESE TEAM • Firebird has recruited an industry leading, high- purity manganese team to ensure the Company develops into a long-term, low-cost MnSO4 For personal use only producer • In-country team brings proven track record of success and value generation across the development
Slide 10: Industry Leading Manganese Partners
INDUSTRY LEADING MANGANESE PARTNERS • Firebird’s partners are leaders within their industries • Cooperation agreement with China Chemical Strategic Cooperation For personal use only Agreement, which will deliver Firebird a significant amount synergies and advantages: • China Chemical invested in and
Slide 11: Operations Located in the Epicentre of MnSO4 Demand
OPERATIONS LOCATED IN THE EPICENTRE OF MNSO4 DEMAND • Excellent location for operations. Close proximity to existing and potential customers - within a 150km radius, LFP capacity is just under 3Mt/a For personal use only • Even if a fraction of conversion from LFP to LMFP is actioned, it After thoro
Slide 12: Hunan Is at the Epicentre of Chinese MnSO4 Demand
HUNAN IS AT THE EPICENTRE OF CHINESE MNSO4 DEMAND For personal use only 12
Slide 13: Jinshi High-Tech Industrial Park
JINSHI HIGHTECH INDUSTRIAL PARK • The High-Tech Industrial Park (Park) is located ~8km away from town centre For personal use only • The Park is ranked as one of the highest in Hunan Province for its services and facilities • The Park is conveniently located on Lishui River, which connects onto the
Slide 14: Rapid Development Progress
For personal use only RAPID DEVELOPMENT PROGRESS
Slide 15: 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 produce samples of MnSO4 and Mn3O4 for potential customers and offtake parties For personal use only •
Slide 16: Stage Battery-Grade MnSO4 & Mn3O4 Plant Layout
STAGE 1 BATTERY-GRADE MNSO4 & MN3O4 PLANT LAYOUT For personal use only 16
Slide 17: 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 patents
Slide 18: 5th Generation Continuous High Pressure Crystallisation Reactor
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 19: Calcining Unit
CALCINING UNIT • Conventional Calcining technology consumes minimum 300kwh per tonne of feed FRB designed and applied for patent For personal use only • Materials are heated to 900 degrees Celsius and then cooled down by using a combination of water and air - energy is wasted during cooling • Firebi
Slide 20: Progress Update – Engineering & Civil Design
PROGRESS UPDATE – ENGINEERING & CIVIL DESIGN • Firebird is currently focused on preliminary engineering & civil work design • More than 50% of preliminary design work has been completed For personal use only • Firebird has engaged several high-quality equipment suppliers • Equipment costs being fed
Slide 21: Progress Update - Permitting
PROGRESS UPDATE - PERMITTING • Government permitting is progressing rapidly • 8 major permits required before construction begins, key permits being: For personal use only • Environmental impact assessment report should be completed in April and then goes on Expert Panel review. Full approval is exp
Slide 22: Oakover Project
For personal use only OAKOVER PROJECT ASX: FRB
Slide 23: Oakover Update
OAKOVER UPDATE For personal use only Over the long term, Oakover will be an integral part of Firebird’s manganese battery material strategy PORT HEDLAND • Near-surface, gently dipping geology • Metallurgical test work demonstrated saleable 30 - 32% Mn Concentrate product achievable NEWMAN 1 • Hydrom
Slide 24: Large Resource with Strong Growth Upside
LARGE RESOURCE WITH STRONG GROWTH UPSIDE • Firebird has successfully explored and developed Oakover into a sizeable manganese project, with exciting growth potential • Development work, including completion of a Dense Media Separation (DMS) For personal use only Manganese Concentrate Scoping Study a
Slide 25: Corporate Snapshot
CORPORATE SNAPSHOT EVAN CRANSTON Chairperson Firebird Metals Limited ASX:FRB Mr Cranston is an experienced mining executive, with a background in corporate and mining law. For personal use only Share price as of 18th April 2024 $0.15 Shares on issue 142.36 M Market capitalisation $21.3 M PETER ALLEN
Slide 26: Thank You
For personal use only THANK YOU ASX:FRB 38 / 460 Stirling Highway Peppermint Grove WA 6011 +61 (08) 6245 9818 www.firebirdmetals.com.au
Slide 27: Manganese and Its Uses - Rapid Growth in Batteries
For personal use only MANGANESE AND ITS USES - RAPID GROWTH IN BATTERIES mae Mineral Processing Steel & Preference . Stainless Steel Australia Oxide ore Gabon Traditional AA Batteries Brazil Batteries Rechargeable Batteries China Carbonate ore Manganese B Na atteries Ghana Mnco.: Ore Batteries n Sar
Slide 28: Manganese Resources Snapshot
MANGANESE RESOURCES SNAPSHOT Significance of the Oakover Manganese Project cannot be underestimated from the perspective of global supply, with continued decline of worldwide manganese production grades and limited number of ASX manganese developers For personal use only GHANA (~6% of Seaborne Trade