Firebird Metals : Replacement - Strong Assay Results Confirm Oakover Dev.

only	ASX ANNOUNCEMENT	07/02/2022
REPLACEMENT ANNOUNCEMENT:
use	STRONG ASSAY RESULTS CONFIRM OAKOVER DEVELOPMENT
	POTENTIAL
On 2 February 2022 Firebird Metals Limited (ASX: FRB, "Firebird" or "the Company") lodged an
announcement- "STRONG	ASSAY RESULTS CONFIRM OAKOVER DEVELOPMENT POTENTIAL"
("Announcement").

Table 5 on Page 15 of the Announcement, labelled as "Jay-EyeSignificant Drill Intercepts (No Mn Cut- off)" did not contain the correct data for that heading. A replacement announcement, incorporating a personalFor

corrected Table 5, is now being lodged as a replacement of that document and is attached. There are no other changes to the Announcement.

Authorised for release by Alex Neuling, Company Secretary.

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ABN: 24 610 035 535

A: Suite 20, 513 Hay Street, Subiaco WA 6008 | P: [phone] | E: [e-mail]| W: www.firebirdmetals.com.au

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• Sixty Sixer (Infill Drilling)

o	FRB	-	m @	. % Mn from	m
o	FRB	-	m @	. % Mn from	m
o	FRB	-	m @	. % Mn from	m
o	FRB	-	m @	. % Mn from m

• Sixty Sixer (Extensional Drilling)

o	FRB	-	m @	. % Mn from	m
o	FRB	-	m @	. % Mn from	m
	▪	Including	m @ . % Mn from m
o	FRB	-	m @	. % Mn from	m

• Jay Eye (Extension Drilling)

o	FRB	-	m @	. % Mn from	m
o	FRB	-	m @	. % Mn from	m
o	FRB	-	m @	. % Mn from	m
o	FRB	-	m @	. % Mn from	m

Company's overall Resource base

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Majority of the 233-hole, 10,145m RCP infill and extension program was completed across the Sixty Sixer onlyand Jay Eye deposits, which host the existing 64Mt, 10% Mn Inferred Mineral Resource estimate at Oakover.

Sixty Sixer and Jay Eye have been drilled on an approximate variable 50m by 50m and 100m by 50m grid with drilling on 100m by 200m grid spacing also completed at Jay Eye.

The closer spaced infill drilling grid over Sixty Sixer and Jay Eye will allow an increased confidence level in the JORC Mineral Resource classification. The drilling was complemented by downhole geophysics for density and differential GPS for collar survey.

useCommenting on the significant results from the maiden drill program at Oakover, Firebird Managing Director Mr Peter Allen said: "We are very pleased with the results delivered to date. We developed this program to be extensive and provide a platform to upgrade our current Resource at Oakover. The results so far provide us with confidence in delivering on this objective.

"As a manganese developer, we are fortunate to have an excellent project which provides us with near- term production opportunities along with significant exploration upside. We have a detailed two-stage strategy in place and are well advanced on stage one work, with our Rapid Development Program

personalgenerating excellent results across all various workstreams.

"We are still awaiting around 20% of assays from Sixty Sixer and Jay Eye, along with results from the 41- hole, 1,656m program completed at our Karen deposit in the coming weeks. Once the drill program has been finalised our focus will quickly turn to delivering an upgraded Mineral Resource Estimate at Oakover and commencing the critical Pre-Feasibility Study in the coming weeks."

The primary objective of the maiden drill program was to deliver an updated Mineral Resource Estimate at Oakover and following receipt of all results, Firebird will turn its attention to delivering a robust Resource upgrade, which is expected to be completed during the March quarter. The intention of the updated Mineral Resource estimate will be to delineate and domain the higher grade near surface supergene manganese mineralisation.

Finalisation of the drill program completes another key Rapid Development Program workstream, as Firebird continues to progress stage one of its two-stage development strategy. Firebird commenced the Rapid Development Program in June 2021 to evaluate the potential at Oakover for a low-capital, fast- start up through a direct shipping ore and simple beneficiation process of supergene material to generate early-stage cash flow through sales into steel industries.

ForImportantly, results from various Rapid Development Workstreams completed over the past six months continue to highlight the significant opportunity of Oakover to become a critical supplier of high-quality manganese ore and sulphate. The Company is making great strides towards completing the Rapid Development Program, with the Oakover Pre-Feasibility Study due to commence in the coming weeks.

A drill hole summary table included as Table 1. Full collar details for each drill hole completed on Sixty Sixer and Jay Eye are included as Table 2 and Table 3.

Drill hole location plans showing select drill holes with significant manganese intercepts are included in Figure 1.

ABN: 24 610 035 535

A: Suite 20, 513 Hay Street, Subiaco WA 6008 | P: [phone] | E: [e-mail]| W: www.firebirdmetals.com.au

only	Deposit	Drill Holes	Drill method	No. Drill Holes	Metres
				233	10,145
	Sixty Sixer	FRB0001	-	RCP	174	7,753
		FRB0016,	FRB
		0035 -	0168,
		FRB0211 - 233
	Jay Eye	FRB0017 - 0034	RCP	18	736
	Karen	FRB0169 - 210	RCP	41	1,656
		Table 1: Oakover 2021 drill hole summary table
Significant close to surface higher grade supergene shale hosted manganiferous mineralisation drill
intercepts are shown in Table 4 for Sixty Sixer and Table 5 for Jay Eye.
personaluse
For				ENDS-
	Figure 1: Sixty Sixer and Jaye Eye drill hole location plan with significant intercept drill holes

ABN: 24 610 035 535

A: Suite 20, 513 Hay Street, Subiaco WA 6008 | P: [phone] | E: [e-mail]| W: www.firebirdmetals.com.au

Michael Weir / Cameron Gilenko Citadel-MAGNUS

0402 347 032/ 0466 984 953

For enquiries regarding this release please contact: onlyMr Peter Allen

Managing Director

Ph [phone]

Email:[e-mail]

useAbout Firebird Metals Limited

Firebird Metals Limited (ASX:FRB) is a West Australian company focused on the exploration and development of its 100% owned project portfolio, comprising of four highly prospective manganese projects in the renowned East Pilbara Manganese province of Western Australia:

• Oakover Manganese Project
• Hill 616 Manganese Project
• Disraeli Manganese Project
• Raggard Hills Manganese Project

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 and together cover approximately 375 km2. These two projects give the company a significant total Inferred Mineral Resource Estimate of 121 million tonnes:

• Oakover Project - 64 Mt @ 10% Mn
• Hill 616 Project - 57.5 Mt @ 12.2% Mn

personalThe total Inferred Mineral Resources Estimate of 121 million tonnes provides a solid technical foundation for further development as the company targets production of manganese for two key markets:

1. manganese sulphate for use in the growing lithium ion battery market that is used in electric vehicles, where manganese is a critical battery raw material; and
2. manganese concentrates for consumption in the global steel industries, where manganese plays an important and un-substitutable role in the strength and hardness of steel

ForFirebird 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.

ABN: 24 610 035 535

A: Suite 20, 513 Hay Street, Subiaco WA 6008 | P: [phone] | E: [e-mail]| W: www.firebirdmetals.com.au