Firebird Metals Ltd. · ASX:FRB
Firebird Metals — Non-Deal Roadshow (August 2026)
30 slides from Firebird Metals's roadshow presentation, Aug 10, 2026
Slide 1: Manganese: From Critical Mineral to Next Generation Battery Material
FIREBIRD METALS Manganese: From Critical Mineral to Next For personal use only Generation Battery Material A Fully Integrated Proprietary Platform Investor Roadshow | August 2026 firebirdmetals.com.au ASX: FRB firebirdmetals.com.au
Slide 2: Why Firebird, why now
FIREBIRD METALS TRANSFORMING A FRAGMENTED, MULTI - FACILITY, MULTI - COUNTRY CRITICAL MINERALS AND BATTERY SUPPLY CHAIN INTO A SINGLE INTEGRATED PROCESS For personal use only Why Firebird, why now Four catalysts converging behind a single, World - first Tech Government - validated sovereign manganes
Slide 3: From concentrate to cathode in one circuit
FIREBIRD METALS FIREBIRD PROPRIETARY MN CONCENTRATE TO CAM PROCESS INTEGRATED PROCESS From concentrate to For personal use only cathode in one circuit Mn Concentrate HPMSM LMFP & LMR Feedstock purified metal battery cathode A focused Australian processor pairing proven IP with the only Western fully
Slide 4: Strategic significance
FIREBIRD METALS STRATEGIC SIGNIFICANCE TODAY WITH FIREBIRD'S ADP Concentrated, First credible Western Sovereign western HPMSM & For personal use only dependent supply chain pathway cathode production Battery materials processing is concentrated in China. Western OEMs, energy storage developers and g
Slide 5: Australian Demonstration Plant
FIREBIRD METALS AUSTRALIAN DEMONSTRATION PLANT For personal use only
Slide 6: Perth Site Ready for Deployment
FIREBIRD METALS 13 Sangiorgio Court Osborne Park, Perth WA ADP - SITE SECURED ~7 km from Perth CBD Perth Site Ready for Deployment For personal use only 10 min drive time Osborne Park Multi year lease + options to extend April 2026: Multi year lease over a 775 sqm purpose - fit facility August 2026:
Slide 7: ADP - Site Secured
FIREBIRD METALS ADP - SITE SECURED For personal use only ASX: FRB ASX: FRB | firebirdmetals.com.au 7
Slide 8: ADP Site Layout
FIREBIRD METALS ADP - SITE SECURED ADP Site Layout For personal use only “The ADP is designed to demonstrate Firebird's world-first, fully integrated technology platform, converting manganese ore directly into high- purity manganese sulphate monohydrate (HPMSM), precursor cathode active material (p-
Slide 9: A world-first, end-to-end manganese cathode facility
FIREBIRD METALS AUSTRALIAN DEMONSTRATION PLANT A world - first, For personal use only end - to- end manganese WHY IT WHAT IT cathode facility MATTERS PRODUCES From manganese concentrate to high purity manganese De - risked HPMSM sulphate to advanced cathode active material (CAM) in a single integrat
Slide 10: CY 2026 Development Timeline
FIREBIRD METALS Australian Demonstration Plant CY 2026 Development Timeline For personal use only ACTIVITY Q1 Q2 Q3 Q4 IP Licence Agreement Federal Government Grant Funding Site Selection Equipment Order Site Readiness Equipment Delivery ADP Assembly & Commissioning ADP Sample Production Customer /
Slide 11: A$2.0M ARENA grant secured, A$1.0M received
FIREBIRD METALS A$2.0M ARENA grant secured, A$1.0M received FEDERAL GOVERNMENT BACKING For personal use only Non - dilutive funding under the Battery Breakthrough Initiative, validating Firebird's technology platform and delivery track record GRANT VALIDATION AND DELIVERY A$2.0M Technical viability
Slide 12: The Proven Integrated Process
FIREBIRD METALS THE PROVEN INTEGRATED PROCESS For personal use only Delivering exceptional performance and cost metrics benchmarked against China Industry Standards
Slide 13: Proven, patented, ready to deploy
FIREBIRD METALS TECHNOLOGY FOUNDATION Proven, patented, ready to deploy For personal use only ADP de - risked by an operating pilot plant, an extensive patent portfolio and a sector - leading technical team 650 sqm 5+1 +50 yrs HUNAN LMFP & MANGANESE PILOT PLANT KILN PATENTS EXPERTISE Operating since
Slide 14: Advanced China R&D & Pilot Plant Facility
FIREBIRD METALS Fully operational since 2023 - Multiple Manganese Battery Chemistry Capabilities Advanced China R&D & Pilot Plant Facility For personal use only CAM Process CAM Leaching/ Process Pristine Co - LMFP and CELL Maker Mn Reduction Filtration / MFP and LMR HPMS precipitation Milling, Metal
Slide 15: Independent Validation – High Purity Manganese Sulphate
FIREBIRD METALS INDEPENDENT VALIDATION – High Purity Manganese Sulphate IMPURITY LEVELS BENCHMARKED TO CHINA INDUSTRY STANDARD Customer testing For personal use only Element China standard (Superior) Firebird HPMSM (Jun 2026) confirms >99.99% Iron (Fe) ≤ 10 ppm <0.5 ppm purity Copper (Cu) ≤ 10 ppm <
Slide 16: LMR cathode matches commercial benchmark
FIREBIRD METALS LMR CATHODE PROGRAM LMR cathode matches commercial benchmark For personal use only One of the first western companies to report Independent electrochemical testing Confirms Firebird's proprietary LMR cathode performance in line with commercial benchmark material 0.1C discharge capaci
Slide 17: Commercial Opportunity: first quartile of the cost curve
FIREBIRD METALS TECHNOLOGY POSITIONED ON THE FIRST QUARTILE OF THE COST CURVE IN A MARKET THAT IS GROWING SIGNIFICANTLY Commercial Opportunity For personal use only Firebird maintains the lowest OPEX among Bloomberg GWh forecast (Dec 2025) and FRB US$579/t¹ global manganese sulphate producers GWh HP
Slide 18: The Market Drivers
FIREBIRD METALS THE MARKET DRIVERS For personal use only
Slide 19: The shift to manganese-rich cathodes
FIREBIRD METALS MARKET DRIVER Manganese content of cathode (%) The shift to For personal use only 65 manganese - rich 55 Firebird Tech >50 cathodes 45 Manganese is cheaper, safer, more abundant and supply - secure, and it is moving up the cathode mix 35 TODAY Lithium Iron Phosphate dominates LFP ~80
Slide 20: LMR v NCM: ~1/3 the p-CAM raw-material cost
FIREBIRD METALS MARKET DRIVER Raw - material cost per tonne of p - CAM (¥) LMR v NCM: delivers For personal use only Nickel (NiSO₄) Cobalt (CoSO₄) Manganese (MnSO₄) ~1/3 the p - CAM raw - 120000 material cost 100000 vs high - nickel NCM811: comparable high energy density at a fraction of the input c
Slide 21: Strong fit across the defence battery value chain
FIREBIRD METALS DEFENCE APPLICATIONS Strong fit across the defence battery value chain For personal use only LMFP and LMR address distinct defence requirements, from low - cost attritable drones to high - energy missile - replacement systems Soldier systems Remote power Swarm / attritable drones Por
Slide 22: Oakover Manganese Project
FIREBIRD METALS OAKOVER MANGANESE PROJECT For personal use only 100% owned Granted mining lease 176Mt JORC resource Tier 1 mining jurisdiction
Slide 23: Upstream Security: JORC Mineral Resource Estimate
FIREBIRD METALS UPSTREAM SECURITY JORC Mineral resource estimate 100% Owned Oakover Classification Tonnes (Mt) Mn (%) Fe (%) SiO₂ (%) Al₂O ₃ (%) P (%) For personal use only Manganese Project Indicated 105.78 10.1 8.9 39.2 9.8 0.10 Inferred 70.87 9.6 8.0 36.5 9.5 0.09 234 Mt of manganese resources in
Slide 24: Mining Lease and DMS Concentrate Scoping Study
FIREBIRD METALS Mining DMS Manganese concentrate scoping study Lease Updated Dense Media Separation (DMS) Manganese Concentrate Scoping Study For personal use only (30/8/23) results confirm flagship Oakover Firebird has been granted Project as long - life, tier - one manganese operation. Mining Leas
Slide 25: Leadership & Corporate
FIREBIRD METALS LEADERSHIP & CORPORATE For personal use only
Slide 26: Leadership
FIREBIRD METALS LEADERSHIP Sector - leading Battery Materials Australian -Chinese team For personal use only Over 50 years of combined manganese expertise paired with deep battery materials and capital markets experience Evan Cranston Ron Mitchell Wei Li Executive Chairman Chief Executive Officer Ex
Slide 27: Corporate Snapshot
FIREBIRD METALS Corporate Shareholders Snapshot For personal use only Global technology platform Scalable IP model designed in China, owned in Australia, deployable worldwide Capital structure $0.165 182.36 M Share price Shares on issue 7 August 2026 Board & Management 13.64% $30.09 M 49 M Tolga Kum
Slide 28: Thank You
For personal use only THANK RON MITCHELL CHIEF EXECUTIVE OFFICER YOU ron.mitchell@firebirdmetals.com.au +61 407 726 325 ASX: FRB firebirdmetals.com.au firebirdmetals.com.au
Slide 29: Important Information: JORC Compliance
FIREBIRD METALS JORC COMPLIANCE This presentation contains references to Exploration Results and Mineral Resource Estimates, which have been reported in compliance with ASX Listing Rules 5.7 and 5.8 and extracted from previous ASX IMPORTANT INFORMATION announcements as referenced. The Company confir
Slide 30: Important Information: Cautionary statements
FIREBIRD METALS IMPORTANT INFORMATION Cautionary statements For personal use only DMS Concentrate Scoping Study The Updated Scoping Study announced to the ASX on 30 August 2023 has been undertaken for The Company considers all the material assumptions in this Study to be based on reasonable the purp