Firebird Metals : Updated Presentation Materials

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INVESTOR PRESENTATION 2022
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BUILDING THE NEXT
AUSTRALIAN
MANGANESE OPERATION
For	ASX: FRB

DISCLAIMER

This presentation contains summary information about Firebird Metals Limited (Firebird) (ABN 24 610 035 535) and is current as of 14 March 2022. 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
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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.
use	presentation	contains certain "forward-looking	statements". Forward	looking
This

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
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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

Formaximum 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.

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COMPETENT PERSONS STATEMENT

The information in this report that relates to 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.

TABLE OF CONTENT

PROJECT PORTFOLIO	03 - 12
MANGANESE	13 - 17
HIGHLIGHTS	18
ESG	19
CORPORATE	20 - 21
CONTACT	22

ASX: FRB

PROJECT PORTFOLIO

EMERGING MANGANESE DEVELOPER
only	Significant JORC Resource
use	Oakover and Hill 616 Projects - Combined Resource 229Mt
Oakover Project - 172 Mt @ 9.9% Mn (7% Mn Cut off):
	Sixty Sixer: 109.4 Mt at 10.1% Mn
	58.7 Mt at 10.4% Mn Indicated
personal	50.7 Mt at 9.6% Mn Inferred
Karen: 40.9 Mt at 9.5% Mn Inferred
	Jay Eye: 21.9 Mt at 9.5% Mn Inferred
	Hill 616 Project - 57.5 Mt @12.2% Mn (8% Mn Cut Off)
	Hill 616 is approx. 35km south of Oakover
	Two Phase Development Strategies
	Phase 1 - "Simple (Ore Sorting / DMS) Beneficiation Strategy" for steel industry
	Phase 2 - "High Purity Manganese Sulphate Strategy" for Li-IonBattery / EV markets
For	Advancing studies to support strategies

3	Refer ASX announcement "Game Changing Resource Upgrade at
Oakover" dated 10/3/2022

PROJECT PORTFOLIO

OAKOVER PROJECT onlyuse

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• Located in premier mining jurisdiction
• Near surface / shallow order body
• Number exploration prospects within tenement to expand Supergene potential
• Completion of 233 holes for ~ 10,000m RC Drill campaign
• Combination of infill and extensional RC drilling
• Expanded Resource including Indicated
• Bulk sampling complete

Sixty Sixer & Jay-Eye

Karen

ASX: FRB

PROJECT PORTFOLIO

OAKOVER - Significant Development Potential
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			GAME CHANGING RESOURCE UPGRADE AT OAKOVER
	Area		Mineral Resource	Domain	Tonnes (Mt)	Mn (%)	Fe (%)	SiO2 (%)	Al2O3 (%)	P (%)	LOI (%)
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Sixty Sixer	Indicated	2	31.6	11.6	10.2	41.9	10.6	0.11	10.5
	Sixty Sixer	Indicated	3	25.7	8.8	7.8	38.3	9.6	0.11	16.7
	Sixty Sixer	Indicated	5	1.3	14.7	12.9	37.0	10.4	0.06	9.9
	Sixty Sixer	Indicated		58.7	10.4	9.2	40.2	10.1	0.10	13.2
	Sixty Sixer	Inferred	2	19.3	11.0	9.7	40.6	10.2	0.12	12.0
	Sixty Sixer	Inferred	3	30.7	8.7	7.6	37.8	9.7	0.10	17.0
personal	Sixty Sixer	Inferred	5	0.7	13.4	12.0	36.8	12.7	0.05	9.6
Sixty Sixer	Inferred		50.7	9.6	8.5	38.9	9.9	0.11	15.0
Oakover	Grand Total		172.3	9.9	8.9	40.4	10.1	0.11	13.6
	Sixty Sixer	Indicated + Inferred		109.4	10.1	8.9	39.6	10.0	0.11	14.1
	Jay Eye		Inferred	2	9.3	10.9	9.5	40.9	9.9	0.13	11.5
	Jay Eye		Inferred	3	12.7	8.5	7.8	39.3	9.7	0.10	16.1
	Jay Eye		Inferred	5	-	-	-	-	-	-	-
	Jay Eye		Inferred		22.0	9.5	8.5	40.0	9.8	0.11	14.2
	Karen		Inferred	2	18.0	10.6	10.0	43.9	10.6	0.10	10.1
	Karen		Inferred	3	22.3	8.6	8.6	41.6	10.6	0.11	13.7
	Karen		Inferred	5	0.5	14.1	11.8	44.0	9.6	0.07	8.2
	Karen		Inferred		40.9	9.5	9.3	42.7	10.5	0.11	12.0
	Oakover		Indicated		58.7	10.4	9.2	40.2	10.1	0.10	13.2
	Oakover		Inferred		113.6	9.6	8.8	40.4	10.1	0.11	13.8
	Notes:
	•	Mineral Resources reported at a cut-off grade of 7% Mn.
For	•	P2O5 converted to P% using a factor of 0.4364 calculated from atomic mass and molecular weight.
•	Due to the effects of rounding, the total may not represent the sum of all components.
	•	Refer to ASX announcement "Game Changing Resource Upgrade at Oakover" dated 10/3/2022

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ASX: FRB