Firebird Metals : Updated Presentation Materials

ersonal use only

BUILDING THE NEXT WA MANGANESE OPERATION

PRESENTATION - DECEMBER 2021

DISCLAIMER

This presentation contains summary information about Firebird Metals Limited (Firebird) (ABN 24 610 035 535) and is current as of 1 December 2021. The information in this presentation is of a general background

onlyand 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, fi ancial situation or needs of individuals. Investors should obtain their own advice before making any

i vestment 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

c mpleteness of the information, opinions and conclusions contained in this presentation.

This presentation contains certain "forward-looking statements". Forward looking statements can generally be useid ntified 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.

ersonalThis 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

fficers, 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 lo s arising from the use of the presentation or its contents or otherwise arising in connection with it.

FIREBIRD METALS

COMPETENT PERSONS

STATEMENT

The information in this Report that relates to Mineral Resources of the Company is based on, and fairly represents, information and supporting documentation that has been reviewed and prepared by Robert Wason, who is a Senior Consultant - Geology at Mining Insights Pty Ltd and is a member of AusIMM.

Mr. Wason has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which they are undertaking to qualify as an Expert and Competent Person as defined under the VALMIN Code and in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' ("JORC Code 2012"). Mr. Wason consents to the inclusion in this announcement of the matters based on the information in the form and context in which they appears.

The information in this report that relates to the Hill 616 Mineral Resources is based on information compiled by Mr Mark Pudovskis and Mr Aaron Meakin. Mr Mark Pudovskis is a full- time employee of CSA Global Pty Ltd and is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Aaron Meakin is a full-time employee of CSA Global Pty Ltd and is a Member and Chartered Professional of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Mark Pudovskis and Mr Aaron Meakin have sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2012 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Mark Pudovskis and Mr Aaron Meakin consent to the disclosure of the information in this report in the form and context in which it appears. Mr Mark Pudovskis assumes responsibility for matters related to Sections 1 and 2 of JORC Table 1, while Mr Aaron Meakin assumes responsibility for matters related to Section 3 of JORC Table 1.

Dr Parry has sufficient experience of the ore sorting test work under consideration to be aware of problems that could affect the reliability of the data and to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr Parry consents to the inclusion in this report of the matters based on information in the form and context in which they appear.

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EMERGING WA MANGANESE DEVELOPER

Focused on building a DSO/ Simple Beneficiation Low CAPEX Project

Significant total Inferred Mineral Resources to 121mt over two projects:

▪	Oakover Project
	▪ Inferred JORC 2012 Mineral Resource estimate of 64 Mt @ 10% Mn*
▪	Hill 616 Project
only	▪ Inferred JORC 2012 Mineral Resource estimate of 57.5 Mt @ 12.2% Mn*
Targeting initial production through DSO / simple processing potential
use	to deliver early production and cash-flow
DSO potential from Supergene zone
Ore sorting and DMS
Long term strategy to evaluate potential to supply growing Manganese Sulphate
for Li-Ion Batteries market
Led by a proven and experienced management and board, with strong
manganese credentials
FIREBIRD METALS
		2
ersonal		• 8% Mn cut-off applied), reported in accordance with the JORC Code 2012

OAKOVER RAPID DEVELOPMENT PROGRAM STRATEGY

onlyuse ersonalFIREBIRD METALS

Evaluate low capital, fast start up potential of Oakover Core workstreams progressing as planned:

Completion of RC Drill program

233 holes for ~ 10,000m, assays pending

Combination of infill and extensional RC drilling

Program developed to improve and grow existing 64Mt Inferred Mineral Resource estimate

Bulk samples to be used for metallurgical testing

Sixty Sixer Bulk Sample taken

Karen Bulk Sample planned for December 2021

Beneficiation study focusing on both DMS and/or ore sorting

Initial Hydrometallurgy test work

Haulage and Port Infrastructure Study

Program to provide key inputs for expected commencement of PFS in

Q4 2021

• (8% Mn cut-off applied), reported in accordance with the JORC Code 2012 (H&SC Consultants, August 2012)

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CORPORATE OVERVIEW

only	EVAN CRANSTON
	Chairperson
	Mr Cranston is an experienced mining
use	executive with a background in corporate
and mining law.
ersonal	Shareholders (31-8-21)
Tolga Kumova

Mining Equities

Board & management

Top 20 shareholders

FIREBIRD METALS

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.

10.4%

6.67%

4.35%

47%

WEI LI	ASHLEY PATTISON

Finance Director	Non-executive Director
Mr Li is a Chartered Accountant with	Mr Pattison has over 20 years' experience
extensive professional experience in the	in the resources sector from both a
resource industry, international trade,	corporate finance and operational
capital markets, project managing initial	perspective. Qualified as chartered
public offers and spin-outs and financial	accountant, he has extensive experience
accounting.	in operations, finance, strategy and
	corporate finance.

ASX code	FRB
Share price (26-11-21)	$0.415
Shares on issue	54.575m
Market capitalisation	$23.0m
Options	18m
Performance rights	3.3m
Cash (30-9-21)	$3.0 m

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