Announcement PDF CORPORATE PRESENTATION DEVELOPING INTO A GLOBAL CATHODE PRODUCER OCTOBER 2023 ASX:FRB DISCLAIMER This presentation contains summary information about Firebird Metals Limited (Firebird) (ABN 24 610 035 535) and is current as of 18th October 2023. The information in this presentation is of a general background and does not purport to be complete. This presentation is not investment or financial product advice (nor tax, accounting or legal advice) and is not intended to be used for the basis of making an investment decision. The information contained in this presentation has been prepared without taking into account the objectives, financial situation or needs of individuals. Investors should obtain their own advice before making any investment decision. Firebird has prepared this document based on information available to it at the time of preparation. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information, opinions and conclusions contained in this presentation. This presentation contains certain “forward-looking statements”. Forward looking statements can generally be identified by the use of forward-looking words such as, “expect”, “should”, “could”, “may”, “predict”, “plan”, “will”, “believe”, “forecast”, “estimate”, “target” and other similar expressions. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward- looking statements, opinions and estimates provided in this presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements including projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance This presentation contains statements that are subject to risk factors associated with Firebird and the mining exploration industry. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables which could cause actual results or trends to differ materially. Firebird disclaim any intent or obligation to publicly update any forward-looking statements, whether as a result of new information, future events or results or otherwise. To the maximum extent permitted by law, Firebird, their related bodies corporate (as that term is defined in the Corporations Act 2001 (Cth)) and the officers, directors, employees, advisers and agents of those entities do not accept any responsibility or liability including, without limitation, any liability arising from fault or negligence on the part of any person, for any loss arising from the use of the presentation or its contents or otherwise arising in connection with it. Firebird is not aware of any new information or data that materially affects the information included in its announcement dated 30 August 2023, and all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. JORC Compliance Statement This announcement contains references to Exploration Results and Mineral Resource Estimates, which have been extracted from previous ASX announcements as referenced. For full details of Exploration Results and Mineral Resource Estimates in this release that have been previously announced, refer to those announcements. The Company confirms that it is not aware of any new information or data that materially affects the information included in the said announcements, and in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. EMERGING MANGANESE DEVELOPER FOR AN ELECTRIFIED WORLD Well-defined vision and strategic framework Poised to capitalise on the exponential surge in Li-ion and Na-ion battery demand Flagship Oakover Project - 177Mt Resource, with 106Mt in an Indicated Category Ore suitable to produce batterygrade MnSO4 DMS Manganese Concentrate SS generated excellent results Next major growth phase established - focused on Manganese (Mn) sulphate production in China Cornerstone investment of $1.7m by Canmax Technologies Co., Ltd, becoming Company’s biggest shareholder with 9.99% holding Primary objective to grow Firebird into a globally significant ESGfocused and fully integrated producer of manganese-based cathode materials Firebird team possesses extensive manganese experience, along with access to leading process and production specialists, providing the necessary platform to execute Company’s vision For full details refer ASX announcements dated 23/3/23, 10/3/2023, 30/8/2023, 30/1/23 and 18/10/23 3 THE FIREBIRD VISION FRB VISION Become a global leader in the manganese industry by seamlessly combining mining and downstream processing, with a profound dedication to the advancement of Li-ion & Na-ion battery sectors. By harnessing the power of innovation and sustainability, Firebird aims to play a pivotal role in shaping the future of energy storage solutions and significantly contributing to a more sustainable and electrified world. BATTERY MINERALS MINING MnSO4 + Mn3O4 Production China Stage 1 China Stage 2 Cathode Producer Australian Production PFS Australian Production Oakover Manganese Concentrate Other battery grade project development opportunities Continue to increase Mn Resource base Rest of world Production GLOBAL CATHODE PRODUCER 4 LMFP IS THE FUTURE CATHODE FOR EV BATTERIES LFP is the world’s most used Li-ion cathode material - adding Manganese (LMFP) has delivered significant benefits, highlighted by the development of a fine balance of safety, cost & capacity LMFP is estimated to be >$US20 billion market by 2030 & MnSO4 is a key ingredient in LMFP production • 2012 - 32kt demand MnSO4 • 2022 - 330kt demand MnSO4 • 2030 - well over 5MT of MnSO4 of which LMFP alone is over 2MT • And most importantly, this rapid growth is expected to continue How much MnSO4 equivalent is used in cars? • For an average car battery, total MnSO4 is equivalent to: • Large car: 200-300kg • Medium car: 125-190kg • Small car: 90-125kg Who is driving LMFP growth and development? • Since June of 2023, more than 400kt of LMFP production has been announced in China, implying ~350kt of MnSO4 additional demand from current levels • SAMSUNG SDI and China’s Gotion have recently announced LMFP batteries It is not only about Li-ion batteries • Na-ion battery is becoming popular and estimated to drive MnSO4 demand by excess of 100kt per annum & is not included in estimate by market How is LMFP being used? • LMFP + NCM mix is becoming increasingly popular for battery makers, estimated to be 15% of nickel-based batteries market by 2030 • LMFP is expected to replace 50% of LFP batteries by 2030 • COST+SAFETY+CAPACITY=LMFP Typical High Mn Batteries (MnSO4 equivalent per mt cathode) • NCM532 – 354kg • NCM217 – 1.3mt • LMO – 1.9 mt • LMFP – average 875kg • With more Mn being used in batteries, these numbers are set to significantly grow Source: Benchmark Minerals, Soochow Securities, Company Research MANGANESE PROCESS FOR BATTERIES Mn Concentrate Process Mining Crushing, Screening, Scrubbing DMS Concentrate Value add: MnSO4 Battery Grade MnSO4 powder Crystallisation Purification Leaching Value add : Cathode material Battery Grade MnSO4 dissolution Mix solutions Or Solid mixing Drying and Roasting CAM i.e. “LMFP” 6 GROWING IMPORTANCE OF MANGANESE IN BATTERIES MANGANESE AND ITS USES – RAPID GROWTH IN BATTERIES Mineral Processing Preference Australia Gabon 1. Oxide ore MnO2 2. Carbonate ore MnCO3 Brazil China Ghana South Africa Steel & Stainless Steel Traditional Batteries Manganese Ore AA Batteries Rechargeable Batteries Na-ion Batteries Batteries Li-ion Batteries Semi 3. Carbonate ore Other industrial uses LMFP LNMO LMO NCM Some facts about Mn • • • • Seaborne priced in CIF (delivered port of discharge) Priced in USD per DMTU (Dry Metric Tonne Unit) or 1% High grade >40%, medium grade >30% Roughly 60MT seaborne ore traded and China buys 30MT Battery terms EMD EMM HPMSM Electrolytic Manganese Dioxide Li-ion Electrolytic Manganese Metal Battery Grade Mn Sulphate & High Purity MnSO4 & HPMSM means the same LMFP - Li Mn Fe PO4 NCM – Ni Co Mn LMO - Li Mn O LNMO - Li Ni Mn O 8 MANGANESE USES IN BATTERIES Traditional Uses Manganese Lithium-ion Batteries • Manganese has a long history of being a cathode material for batteries in the form of Electrolytic Manganese Dioxide (EMD) and in its natural form • Current production market sizes are 482kt in China and 107kt for rest of the world Manganese content (kg) in per battery in each vehicle above Source: Benchmark Mineral Intelligence • Mn is used Li-ion batteries, for example NCM, LMO and LMFP • Even though Mn content is not the highest in LMFP, the size and growth of market is potentially the largest in medium to long term Indicative Metals Intensity By Battery Type LFP NCA NCM 9½½ NCM 811 Mn NCM 712 Na-ion Batteries Ni NCM 622 • Na-ion batteries inherently have lower density • Sodium batteries contain around 30% Mn Co NCM 523 Li NCM 307 Research and advocates for manganese rich batteries is on the rise, due to Manganese being abundant and relatively inexpensive compared with nickel and cobalt. For example, Tesla plans to have 2/3 of their batteries as manganese based Emerging Manganese rich Battery configurations Fe NCM 217 P NCM 111 LMFP LMO 0 0.2 0.4 0.6 0.8 1 1.2 Source: Benchmark Mineral Intelligence and company research 1.4 9 LI-ION BATTERY – LITHIUM MANGANESE IRON PHOSPHATE (LMFP) • There is no perfect Li-ion battery cathode mix: the three key considerations for battery manufactures are Safety, Cost and Capacity • Phosphate (LFP) based batteries are safer and cheaper to manufacture, whereas Ternary batteries have more capacity, they are more expensive and not as safe as Phosphate based batteries LMFP is the finely balanced battery cathode material • LMFP is an upgrade from LFP by introducing manganese to replace iron • Manganese enhances the voltage platform, increasing energy density • Adding Mn increase capacity by 15-20%, nearing mid-range Ternary batteries • Flexible, used on its own or mixed with Ternary batteries Safety • The rise of LMFP is imminent • LFP battery capacity is reaching its theoretical energy density capacity • Battery manufacturing technology limits the amount of cathode material to be placed in cells • LMFP fits strategies of end users: cheaper, safer & provides strong range Capacity Cost • 2023 is seen by many industry participants as the beginning of the new era of Li-ion batteries by commercialising LMFP 10 INCREASING USE OF LMFP BY CAR MANUFACTURERS Battery Manufacturers LUXEED S7 (3rd quarter 2023 release) uses CATL M3P+TERNARY Cathode Material Manufacturers Tesla has stated plans to have two thirds of their batteries as manganese based New TESLA Model 3 uses CATL M3P 力泰锂 能 11 COMMERCIALISING OF LMFP SETS A NEW ERA FOR LI-ON BATTERIES No. of LMFP patents registered per year 162 109 67 LMFP ADVANTAGES LFP • Similar production process • Increase in energy density by 15-20% • Better performance in low temperature environment TERNARY • Policy makers in China encourage more safer batteries • Olivine structure = safer & more stable • Cheaper cost by a large margin vs LMFP CHALLENGES & ADVANCEMENTS Dual Voltage System ✓ Right level of Mn/Fe mix ✓ Better mixing methods Poor Conductivity ✓ Nanometerisation ✓ Carbon coating ✓ Metal doping Effort in R&D ✓ Significant increase in patents year-on-year 2 2 4 2011 2012 2013 9 11 13 2014 2015 2016 32 34 2017 2018 46 2019 2020 2021 2022 Cathode Comparison LMFP LFP NCM Structure Olivine Olivine Layered Capacity（mAh/g) 135-145 142-145 150-215 Voltage 3.2-3.9 3.2 3.7 2,000-2,500 4,000-10,000 1,000-3,000 Energy Density（Wh/kg） 160-240 150-210 200-320 Compacted Density（g/cm³） 2.3-2.4 2.2-2.6 3.4-3.7 Low Temperature Performance Good Poor Better High Temperature Performance Better Better Average Safety Good Good Poor Cost Low Low High Charging Cycling Source: Soochow Securities 16-8-23 12 COMMERCIALISING OF LMFP SETS A NEW ERA FOR LI-ON BATTERIES Potential market size? • IMnl estimates >3.1Mt MnSO4 by 2040, a massive increase considering in 2012, demand was 32kt • Existing capacity is 600kt for both battery grade and fertiliser manganese sulphate • 10-15Mt of LFP planned and in production, if converted to LMFP, it is material to MnSO4 LMFP Demand Forecast (excluding current manganese use in batteries) Unit 2023E 2024E 2025E 2026E 2027E 2028E 2029E 2030E Global Demand in EV GWh 879 1,183 1,626 2,152 2,739 3,385 4,106 4,853 LFP penetration rate % 42% 45% 46% 46% 47% 47% 49% 50% LFP Demand GWh 373 531 750 998 1,279 1,607 1,993 2,419 Ternary Batteries penetration rate % 58% 55% 54% 54% 53% 53% 51% 50% Ternary Batteries Demand GWh 506 652 876 1,155 1,460 1,778 2,113 2,434 Forecast LMFP to replace LFP % 0.5% 6.5% 13.0% 20.0% 30.0% 40.0% 45.0% 50.0% Forecast LMFP to mix with Ternary % 0.2% 1.5% 3.0% 5.0% 7.0% 11.0% 13.0% 15.0% Total LMFP Demand % 0.4% 3.7% 7.5% 11.8% 17.5% 24.5% 28.2% 32.1% LMFP Batteries Demand GWh 4 46 127 262 491 846 1,180 1,584 Growth rate year-on-year % - 1157.8% 177.8% 106.5% 87.6% 72.1% 39.6% 34.2% Equivalent MnSO4 required kt 3 62 156 343 624 1,092 1,716 2,278 Source: Soochow Securities 16-8-23 13 COMMERCIALISING OF LMFP SETS A NEW ERA FOR LI-ON BATTERIES 1,584GWh LMFP Batteries Demand (GWh) 1600 1,180GWh 1400 1200 GWh 846GWh 1000 491GWh 800 262GWh 600 127GWh 400 200 0 4GWh 2023E 46GWh 2024E 2025E 2026E 2027E 2028E 2029E 2030E Source: Soochow Securities 16-8-23 14 THE FRB LMFP GROWTH STRATEGY – NEXT STEPS EXPERIENCED TECHNICAL TEAM & KEY DIFFERENTIAL QUALITIES • Oakover ore suitable to produce battery-grade MnSO4 • Extensive research of Chinese MnSO4 market • Access to Chinese manganese sulphate experts with >25 years MnSO4 experience • In-house Scoping Study underway on Chinese process and location • Timeline, potential tonnages and equipment requirements included in Chinese Scoping Study • We understand the Chinese market • Environmentally friendly process in China - all tailings become input materials to other industrial plants • Use of Chinese technology to drive efficiencies Oakover battery grade MnSO4 Execution of this strategy will place FRB in a strong position to benefit from the growing demand for LMFP For Full details refer ASX announcement “ Battery Grade Manganese Sulphate produced from Oakover” dated 30/1/23 15 FIREBIRD PROJECT PORTFOLIO MANGANESE RESOURCES SNAPSHOT Significance of the Company’s flagship Oakover Project cannot be underestimated from the perspective of world supply, with continued decline of worldwide Mn production grades and limited number of ASX Mn developers GHANA (~6% of Seaborne Trade) • Full carbonate ore • Overall grade decreasing • 27% Mn • Production grown under Chinese ownership GABON (~20% of Seaborne Trade) • Oxide Ore • Only county to significantly increase high grade (>40% Mn) ore production SOUTH AFRICA (~50% of Seaborne Trade) • Semi Carbonate • Overall grade decreasing • Production mainly 35-37% Mn (semi-Carbonate ore) • Grown from 18% in 2011 to 39% in 2022 of World (IMnI) • However, plagued with logistics issues • Semi Carbonate most suited to steel production CHINA • Mainly carbonate ore • Combination of depleting resources and environmental policies making mines unprofitable • Overall grade decreasing • Production decreasing • Largest market for Mn ore • Imports grow each year (currently ~30Mtpa) AUSTRALIA (~16% of Seaborne Trade) • Oxide ore • Overall grade and production decreasing • Several existing producers • Some of existing mines approaching end of mine life and processing tailings 17 PROJECT PORTFOLIO OAKOVER (FLAGSHIP) • Large resource with strong growth upside • Near-surface, gently dipping geology and multiple processing options • Metallurgical test work demonstrated saleable 30 - 32% Mn Concentrate product achievable PORT HEDLAND • Hydrometallurgy test work demonstrated Battery Grade MnSO4 achievable 1 3 • Concentrate DMS Scoping Study – 18-year mine life, 1.2Mtpa with low strip ratio and mining costs • Concentrate DMS Scoping Study - Low CAPEX optionality Mineral Resource Classification Tonnes (Mt) Mn (%) Fe (%) SiO2 (%) 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 Total 176.65 9.9 8.6 38.1 9.7 0.10 HILL 616 2 Al2O3 (%) P (%) • 35km south of Oakover • 57.5 Mt @12.2% Mn Inferred Mineral Resource • Similar geology to Oakover NEWMAN 2 1 WANDANYA 3 • Exploration focused, high-grade, Direct Shipping Ore potential • 50km southwest of world class Woodie Woodie Manganese Mine PERTH • Rock chip results up to 64.9% Mn and 55.2% Mn For full details refer ASX announcement "Firebird grows Oakover Indicated Resource by 80% to 105.8 Million Tonnes" dated 23/3/2023 For fell details refer ASX announcement “ Game Changing Resource Upgrade at Oakover” Dated 10/3/2022 For full details refer ASX announcement "Hill 616 Maiden inferred Resources increases Mn 90%" dated 1/12/2021 For full details refer ASX announcement "High Grade Manganese Project Acquisition" dated 29/11/2022 18 CONCENTRATE SCOPING STUDY UPDATE – KEY RESULTS • Results confirm Oakover as long-life, high-quality operation, supported by an 18-year LoM, A$741.3 M NPV and IRR of 73.1% • Updated Study followed 80% uplift in Indicated Resource at Oakover to 105.8Mt • Study assessed two production scenarios, both utilising simple processing, crush, screen, scrub and Dense Media Separation (DMS) beneficiation: • • Scenario one: Full production from start-up • ~4Mtpa processing • ~1.2Mtpa of 30% - 32% Manganese (Mn) concentrate Scenario two: 2-Stage development with a low-cost capital start-up • ~1.5Mtpa processing for first 3 years, then ramp up to ~4Mtpa processing for the following 17 years • Producing ~500ktpa for the first 3 years then ramping up to ~1.2Mtpa of 30 - 32% Mn concentrate • FRB to pursue scenario one, due to highly attractive economics and Oakover commencing fullscale production from year-one • Mining & production profile • Low mine strip ratio of 0.45:1 • Indicated material accounts for 99.2% of the material processed For full details refer ASX announcement “ Updated Oakover DMS Concentrate Scoping Study” dated 30 August 2023 for full details 19 RAPID AND SUCCESSFUL MINERAL RESOURCE DEVELOPMENT Since listing in early 2021, FRB has rapidly grown and developed its project portfolio, with a key focus on Oakover 250 Dec 2021 Million Tonnes Resource 200 150 Aug 2021 Mar 2021 ASX listing, Oakover Inferred Mineral Resource of 64 Mt at 10% 1 Maiden 233hole,10,000m RC drill program Maiden Inferred Mineral Resource at Hill 616 of 57.5Mt at 12.2%Mn2 Mar 2022 108 Mt uplift in Mineral Resource to 172 Mt at 9.9% Mn Oct 2022 Completion of Infill Drill Program Mar 2023 100 July 2022 Completion of Mn conc Scoping Study – confirm excellent potential of Oakover 50 0 June 2023 Mining Lease Application MINERAL RESOURCE Notes 1. For Full Details refer ASX announcement "Prospectus" dated 16/3/2021 2. For Full details refer ASX announcement "Hill 616 Maiden inferred Resources increases Mn 90%" dated 1/12/2021 3. For full details refer ASX announcement "Game Changing Resource Upgrade at Oakover" dated 10/3/2022 4. For Full details refer ASX announcement "Firebird grows Oakover Indicated Resource by 80% to 105.8 Million Tonnes" dated 23/3/2023 Infill drill program results lift Indicated Resource by 80% from 58.7 Mt to 105.8 Mt FUTURE WORK Wandanya exploration – DSO potential INDICATED RESOURCE ESG Firebird’s ESG methodology plays a crucial role in our planning and business operations, including: CORPORATE GOVERNANCE SYSTEM HUMAN RESOURCES MANAGEMENT SYSTEM SUPPORT FOR LOCAL COMMUNITIES OPERATIONAL MANAGEMENT Establishing a sound corporate governance structure to ensure transparency, accountability, and compliance. This includes effective board operations, reasonable executive compensation, information disclosure, and risk management. Focusing on employee welfare, training, development, and diversity and inclusion. Establishing fair employment policies, measures to protect labour rights, ensuring employee health and safety, and providing career development and equal opportunities. Actively engaging with local communities and taking measures to protect the local environment, promote social welfare and economic development. This includes communication and collaboration with local residents and stakeholders, involvement in community projects, and corporate social responsibility activities. Paying attention to environmental protection, resource efficiency and carbon emissions reduction. By adopting sustainable operational practices, such as energy management, waste management and environmental monitoring, Firebird aims to reduce the consumption of natural resources and minimise environmental impact. By integrating the ESG methodology into planning and business practices, Firebird strives to ensure sustainable and responsible outcomes in terms of environment, society and corporate governance, while actively addressing future challenges and opportunities. 21 CORPORATE SNAPSHOT Firebird Metals Limited EVAN CRANSTON Chairperson Mr Cranston is an experienced mining executive, with a background in corporate and mining law. PETER ALLEN Managing Director Mr Allen is a mining executive, with more than 20 years' experience in marketing of manganese, lithium and a range of other commodities. WEI LI Finance Director Mr Li is a Chartered Accountant with extensive experience in the resource industry. Mr Li managed a private base metal exploration company in the Northern Territory and assisted in commissioning a A$150 million Electrolytic Manganese Dioxide (EMD) plant in Hunan China. ASHLEY PATTISON Non-executive Director Mr Pattison has over 20 years’ experience in the resources sector from both a corporate finance and operational perspective. Qualified as a chartered accountant, he has extensive experience in operations, finance, strategy and corporate finance. BRETT GROSVENOR Non-executive Director Mr Grosvenor is an experienced mining executive, with over 25 years’ experience in the Mining and Power industry. Holding a dual tertiary qualification in Engineering and a Master in Business. ASX:FRB Share price as of 18/10/2023 $0.165 Shares on issue 74.17 M Shares to be issued * 64.0 M Shares on Issue after Raise * 138.17M Market capitalisation after Capital Raise * $22.8 M Options @ $0.30 17.25 M Options @ $1 12.0 M Performance rights 2.2 M Options @ $0.30 * 12.5 M Options @ $0.40 * 12.5 M Cash on Hand (30th June 2023) $1.3 M Major Shareholders (projected) Canmax Technologies * 9.9% Tolga Kumova * 9.5% Mining Equities * 3.2% Board (incl related parties) & management * 10.2% * Subject to shareholder approval. For full details on Capital Raising refer to ASX announcement dated 18/10/23 22 STRONG FINANCIAL POSITION TO EXECUTE KEY WORKSTREAMS • Firm commitments received to raise A$8 million through heavily oversubscribed Placement • Placement was strongly supported by several institutional and sophisticated investors and highlighted by: • Follow-on investment from Mr Tolga Kumova to remain a 9.5% shareholder in FRB post Placement completion • Firebird Directors applied for $1.68 million of Placement Shares, subject to shareholder approval • Cornerstone investment by Canmax for $1.7 million and will become FRB’s biggest shareholder, with 9.90% holding post Placement completion • Placement completed at a price of $0.125, which is a 14.0% discount to the last close of price on Friday 13 October ($0.145). Placement Shares will be issued across two tranches • Funds raised provides Firebird with a strong balance sheet to advance key LMFP battery activities in China and ongoing development of the Oakover Project. Key workstreams over the next 12 months are outlined below LMFP Strategy Oakover Development • • • • • • • • Establishment of Chinese subsidiary Recruitment of in-country technical, high-purity Mn experts Completion of Chinese Battery Grade manganese sulphate PreFeasibility Study Securing Industrial land and Chinese operating permits Pilot plant for battery grade manganese sulphate to enable delivery of finished product to LMFP battery manufacturers Secure product off-take and associated construction finance • • • • Completion of environmental surveys and studies Completion of diamond drill program for ongoing metallurgical test work Completion of the Concentrate Pre-Feasibility Study Pre-Feasibility Study metallurgical test work program Hydrology / water monitoring Finalisation of mining lease application. including native tile and heritage negotiations 23 Note: For Full details refer ASX announcement dated 18/10/23 CORNERSTONE INVESTMENT BY CANMAX TECHNOLOGIES CO., LTD • Strategic cornerstone investment of $1.7 million by Canmax Technologies Co., Ltd (Canmax) and will become FRB’s biggest shareholder, with 9.90% holding post Placement completion • Canmax is listed on the Shenzhen stock exchange, has a market capitalisation of ~US$3.1bn and has rapidly become China's leading lithium chemical producer • Canmax recently increased its own exposure to the battery sector for electric vehicles through its majority ownership in China-based lithium hydroxide producer Yibin Tianyi. Yibin Tianyi is a joint venture between Canmax and CATL. • Canmax’s involvement in lithium includes three substantial lithium chemical facilities: • 75,000 tonne per annum lithium hydroxide plant in Yibin, • 60,000 tonne per annum lithium hydroxide plant in Meishan and • 30,000 tonne per annum lithium carbonate plant in Yichun. • Investment by Canmax is a strong endorsement of Firebird and the LMFP growth strategy • Firebird is in a strong position to execute on the growth vision of becoming a global leader in the manganese industry with both mining and downstream processing to deliver into the Li-ion and Na-ion battery sectors 24 Note: For Full details refer ASX announcement dated 18/10/23 PLATFORM SET TO BECOME A GLOBAL CATHODE PRODUCER Dedicated to execution of the LMFP growth strategy, which will position Firebird as a key cathode producer and in a strong position to benefit from growing demand for LMFP Advanced in planning for potential site for processing plant in China and assembling a highlyexperienced in-country team of Manganese sulphate experts Updated Manganese Concentrate Scoping Study results reinforce Oakover as long-life, high-quality operation underpinned by an 18-year Life-of-Mine, A$741.3 M NPV and IRR of 74.8% Growing use and demand for Manganese in batteries continue to rise. Due to the low number of ASX-manganese developers and increasing use of LMFP by car manufacturers, Firebird is in a strong position to benefit from this growing market Led by an experienced and proven management and Board who have built companies that generate significant shareholder returns. Well-funded to deliver on a busy 12 months ahead and generate long-term stakeholder value Strong financial position to execute key work streams for both China Sulphate and Oakover For full details refer ASX announcement “ Updated Oakover DMS Concentrate Scoping Study” dated 30 August 2023 for full details 25 THANK YOU Suite 20, 513 Hay Street Subiaco WA 6008 +61 (08) 6245 9818 www.firebirdmetals.com.au