Firebird Metals

China-Based Battery Grade High-Purity Manganese Production Strategy

Investor Site Visit Presentation - April 2024

Firebird Metals Limited (ASX:FRB) is pleased to present its investor presentation.

BUILDING A LOW-COST HIGH-PURITY MANGANESE SULPHATE PLANT

Unique, Low-Cost, Speed-to-Market Strategy

Successfully executing a high-purity manganese sulphate strategy to supply into the rapidly expanding LMFP battery market . Investor Site visit in China to demonstrate the compelling opportunity for Firebird to establish itself as a key, low-cost, near-term producer

Sustainable Economics and Perfect Timing

Firebird to become of one of the lowest-cost battery grade MnSO4 producers, placing the Company in a competitive position in all market environments, at a time when the LMFP market is forecasted for exponential growth and become a >US$20 billion market by 2030

Management, Board and In-Country Team with Sector Leading Credentials

Led by a Board and Management team with proven abilities of building companies through the lifecycle and into production. Assembled a proven and high-quality team in China, who are leaders in the development and production of high-purity manganese

Well-Funded and Supported

Strong cash position of $7.36m (as of 31 Dec 2023) to fund key workstreams across China strategy and at Oakover. Firebird has attracted a strong investor register supported by a highly-reputable investor Canmax Technologies Co., Ltd with a 9.7% holding

DEVELOPMENT PROGRESS IN CHINA CONTINUING AS PLANNED

  • Preliminary design work, R&D centre, equipment supplier due diligence & project permitting are all being progressed at full speed
  • Estimated permitting & design on track for completion by late Q3 2024
  • European customer site visits & off-take discussions commenced with excellent feedback
  • Formal advice from Jinshi Government & relevant departments on process to repatriate profits and capital from operations
  • As further proof of the strong levels of support in-country, Firebird will also receive a preferential tax rebate for 6 years
  • Australian investor & broker site visit to key areas in China, including Jinshi High-Tech Industrial Park, Pilot Plant and Jinshi Port to take place on April 23
  • Oakover project development continues as planned and forms an integral part of Firebird’s long term manganese battery materials strategy


Click here for the full ASX Release

This article includes content from Firebird Metals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

FRB:AU
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