s708A Notice
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
6 December 2023
S708A Notice – Share Issues
Firebird Metals Limited (ASX: FRB) (“Firebird” or “the Company”) advises that the Company
has today issued a total of 46,946,401 new fully paid ordinary shares in the Company (New
Shares) as follows:
•
•
•
42,760,000 under the second tranche of the Company’s share placement as originally
announced on 18 October 2023 and approved by Shareholders at the Company’s 2023
AGM held on 29 November 2023;
972,800 issued to suppliers as share-based payment (also as approved by Shareholders
at the 2023 AGM); and,
3,213,601 issued as part-consideration under the Heads of Agreement announced by
the Company on 30 November 2023 (issued using the Company’s capacity under
Listing Rule 7.1)
Appendices 2A in respect of the New Shares have been lodged today.
s708A Notice
This notice is given by Firebird under section 708A(5)(e) of the Corporations Act 2001
(Corporations Act).
The Company advises that:
(a) The New Shares were issued without disclosure to investors under Part 6D.2 of the
Corporations Act.
(b)
As at the date of this notice, the Company has complied with:
(i)
(ii)
(c)
the provisions of Chapter 2M of the Corporations Act as they apply to the
Company; and
section 674 of the Corporations Act.
As at the date of this notice, there is no information:
(i) that has been excluded from a continuous disclosure notice in accordance with the
ASX Listing Rules; and
(ii) that investors and their professional advisors would reasonably require for the
purpose of making an informed assessment of:
(A) the assets and liabilities, financial position and performance, profits and losses
and prospects of the Company; or
(B) the rights and liabilities attaching to the New Shares.
This announcement has been approved for release by the Board.
Unit 38, 460 Stirling Highway
Peppermint Grove WA 6011
ABN: 24 610 035 535
+61 8 6245 9818
admin@firebirdmetals.com.au
ASX:FRB
www.firebirdmetals.com.au
For further information contact:
Mr Peter Allen
Managing Director
+61 8 6245 9818
admin@firebirdmetals.com.au
Michael Weir / Cameron Gilenko
Citadel-MAGNUS
0402 347 032/ 0466 984 953
About Firebird Metals Limited
Firebird Metals is a manganese developer focused on its advanced, 100% owned project portfolio,
located in the renowned East Pilbara manganese province of Western Australia. The portfolio
boasts a total Resource of 234Mt, with exciting exploration and development growth upside.
The Company’s flagship Oakover Project holds a Mineral Resource Estimate1 of 176.7Mt at 10%
Mn, with 105.8Mt in an Indicated category. A Scoping Study completed by Firebird at Oakover
highlighted the outstanding long-term potential of the Project as a manganese operation. This
potential was further strengthened through production of >99.8% purity manganese sulphate
monohydrate crystal, which confirmed Oakover manganese ore can be processed into battery
grade HPMSM.
The Company’s other key Projects are Hill 616 and Wandanya which provide Firebird with
compelling growth opportunities.
Hill 616 contains an Inferred Mineral Resource2 of 57.5Mt @ 12.2% Mn and shares similar
geological traits to Oakover. Wandanya is a high-grade exploration opportunity, with Direct
Shipping Ore potential.
Importance of manganese within EV’s, due to its cost reduction abilities without reducing energy
density and range, along with growing demand for battery grade manganese sulphate, highlights
the critical need for projects like Oakover to become operational mines. With a limited number of
advanced ASX manganese developers, Firebird is in a strong position to develop Oakover and
supply a high-quality product into a growing and supply-constrained market.
The Company is committed to generating sustainable long-term value and growth for
stakeholders, through the implementation of best practice exploration methods while prioritising
the well-being, health and environmental protection of its employees and communities it operates
in.
1
For full details refer ASX announcements dated 10/3/2022 and 23/3/2023
2
For full details refer ASX announcement dated 1/12/2021
Unit 38, 460 Stirling Highway
Peppermint Grove WA 6011
ABN: 24 610 035 535
+61 8 6245 9818
admin@firebirdmetals.com.au
ASX:FRB
www.firebirdmetals.com.au
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.
Unit 38, 460 Stirling Highway
Peppermint Grove WA 6011
ABN: 24 610 035 535
+61 8 6245 9818
admin@firebirdmetals.com.au
ASX:FRB
www.firebirdmetals.com.au
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