Firebird Metals


Primary ticker: ASX:FRB
Stage of development: Exploration, Development
Primary minerals: Manganese
Project to promote: Oakover Manganese project
Project location: Western Australia

Firebird Metals Limited (ASX:FRB) is a West Australian company focused on the exploration and development of its 100% owned project portfolio.

The Company’s primary focus is on the development of the Oakover and Hill 616 Manganese Projects, which are located approximately 85 km east and southeast of Newman. These two projects give the company a significant total Mineral Resource Estimate of 229.7 million tonnes and provides a solid technical foundation for further development as the company targets production of manganese for two key markets:

a) manganese sulphate for use in the growing lithium ion battery market; and
b) manganese ore/concentrates for consumption in the global steel industries

Firebird is focused on creating and growing sustainable value for our stakeholders through the application of best practices in exploration and our commitment to protecting the health and wellbeing of our employees, the environment and the communities where we work.

Cash: AUD$2.3M
Debt: NIL

Major shareholders:

Tolga Kumova – 8.4%
Mining Equities – 5.57%
Board (incl related parties & Mgmt – 7.6%
Top 20 shareholders – 51%

Management Profile

Peter Allen – Managing Director
Peter Allen is a mining executive with more than 20 years experience in marketing of manganese, lithium and a range of other commodities. He previously was head of Marketing for Consolidated Minerals Limited which operates the Woodie Woodie and Nsuta Manganese mines. He has been involved with a number of manganese exploration and development companies worldwide.

What is your rationale for taking part in 121 Mining Investment?

Increase investor awareness of the company

What recent news would you like to highlight to investors attending?

Manganese Concentrate Scoping Study Announcement, Fund raising, Infill Drilling commencement

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Updated MRE based on Infill drilling completed in October

6 Months:
High Purity Manganese Sulphate Test work and Scoping Study

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Labour Shortage / Extremely busy mining sector – Key people and consultants engaged

What do you think makes your company such a compelling investment?

Significantly under valued, considering size of resource and development work complete

What are the top 3 key investor takeaways?

Significant resource, Well Advanced metallurgical test work and key studies, growing Battery Raw material market underpinned by strong long term fundamentals of the steel market