Firebird Metals (ASX:FRB)

Firebird Metals’ Integrated Strategy Well-placed in Booming LMFP Batteries Market, Analyst Says

Description

The growing demand for high-purity manganese sulphate monohydrate (HPMSM) used in lithium manganese iron phosphate (LMFP) batteries positions Firebird Metals (ASX:FRB) to become significant player in the manganese market for LMFP batteries and EV manufacturers, according to an analyst report published by Terra Studio.

“Compared to its peers, Firebird Metals and its Hunan high-purity manganese sulphate monohydrate project accumulate a number of enviable characteristics: lowest capital expenditure; lowest capital intensity; life of project not limited by a mineral resource; lowest operating cost; highest profitability index (NPV/capex) with the lowest HPMSM price assumption; best expertise in lithium-ion batteries and in particular LFP and

LMFP batteries; and largest market at its doorstep,” stated the report prepared by JF Bertincourt, director of Terra Studio.

Firebird Metals is focused on developing its Oakover high-purity manganese project in Western Australia and integrating a downstream processing facility in China to produce battery-grade HPMSM for the LMFP battery market.

Hunan manganese teamHunan Chemical Engineering Design Institute (PFS engineering group) and Hunan Firebird Battery Technology staff


“Firebird Metals is extremely well positioned to take advantage of the booming market for LMFP batteries,” Bertincourt wrote, citing the significant market outlook for LMFP batteries, which is expected to replace 50 percent of lithium-ion phosphate batteries (LFP) by 2030.

Highlights of the report:

  • Firebird Metals is extremely well positioned to take advantage of the booming market for LMFP batteries, given its strategy to develop a processing facility in China, which will be fed by concentrate from its Oakover project
  • If successful, Firebird is poised to become a significant player in the manganese market for LMFP batteries and EVs, and also become a supplier for the silica-manganese alloy market.
  • LMFP is expected to dominate the cathode market for EV batteries, due to the manganese’s ability to make LFP batteries safer, cheaper and have more range.


Read the full report here.

This content is intended only for persons who reside or access the website in jurisdictions with securities and other applicable laws which permit the distribution and consumption of this content and whose local law recognizes the scope and effect of this Disclaimer, its limitation of liability, and the legal effect of its exclusive jurisdiction and governing law provisions [link to Governing Law section of the Disclaimer page].

Any investment information contained on this website, including third party research reports, are provided strictly for informational purposes, are general in nature and not tailored for the specific needs of any person, and are not a solicitation or recommendation to purchase or sell a security or intended to provide investment advice. Readers are cautioned to seek the advice of a registered investment advisor regarding the appropriateness of investing in any securities or investment strategies mentioned on this website.

FRB:AU
The Conversation (0)
Apollo Minerals Limited

Exploration Update - Visible Gold Intersected at Salanie

Apollo Minerals Limited (ASX: AON) (‘Apollo Minerals’ or ‘the Company’) provides an update on its exploration activities at the Salanie Gold Project (“Salanie”) in Gabon and the Belgrade Copper Project in Serbia. The first round of drilling has now been completed at both projects. Visible gold has been intersected at the A1 Prospect at Salanie, an area that has not seen exploration or modern drilling in 70 years.

Keep reading...Show less
Metal Bank Limited

Wadi Al Junah VMS-Style Copper-Zinc-Gold-Silver Project in Saudi Arabia

Metal Bank Limited (ASX: MBK) (‘Metal Bank’, ‘MBK’ or the ‘Company’) is pleased to announce further details regarding the Wadi al Junah Copper-Zinc-Gold-Silver Project (‘Wadi al Junah’ or ‘the Project’), which has been awarded to Consolidated Mining Company (CMC) following a highly competitive Saudi government exploration licensing Round 6.

Keep reading...Show less
Octava Minerals Limited

Octava to Commence Drilling at Yallalong High-Grade Antimony Project

Octava Minerals Limited (ASX:OCT) (“Octava” or the “Company”), a Western Australia focused explorer of the new energy metals antimony, REE’s, Lithium and gold, is pleased to report that the drill rig is relocating to site at the Yallalong antimony project and will commence drilling this weekend. Drilling will focus on two antimony targets, Discovery and Central, with No.4 and North targets to be drilled in the new year.

Keep reading...Show less
Warriedar Resources

Targeted Exploration Focus Delivers an Additional 471koz or 99% Increase in Ounces, and a Higher Grade for Ricciardo

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to report on an updated MRE for its flagship Ricciardo Gold Deposit, part of the broader Golden Range Project located in the Murchison region of Western Australia.

Keep reading...Show less
Octava Minerals Limited

Octava Selects Drilling Contractor for its Yallalong Antimony Project in Western Australia

Australian mineral exploration company Octava Minerals (ASX:OCT) has selected the drilling contractor for the exploration work commencing at its 100-percent-owned Yallalong antimony project, according to an article by Business News - Australia. The deal will kick off the company’s 3,000-metre program focused on the Discovery target.

Keep reading...Show less
Australian flag with "economy" and "growth" blocks.

Western Australia Allocates AU$14 Million to Improving Environmental Approval Process

Western Australia's governmentsaid on Monday (November 11) that it is allotting AU$14 million to support the employment of additional staff at the Environmental Protection Authority (EPA) and the Office of the Appeals.

The boost comes in response to the Vogel-McFerran Review commissioned by the government in 2023. It recommended various steps to speed up the state's environmental approval system and secure major projects.

According to the government, employing additional staff will help address existing backlogs and provide faster decisions “without impacting the high standard for protecting WA's unique environment.”

Keep reading...Show less

Latest Press Releases

Related News

×