Firebird Metals Limited (ASX:FRB) Reports Significant Milestones in December Quarterly Activity
Chinese LMFP Battery Strategy
Firebird Metals Limited (ASX: FRB) achieved a significant milestone in its lithium manganese iron phosphate (LMFP) battery strategy through its subsidiary, Hunan Firebird Battery Technology Co., Ltd. The company received preliminary design approval for its proposed battery-grade high-purity manganese sulphate plant from the Jinshi High-Tech Industrial Park Committee. Within less than a year of incorporation, Firebird secured essential permits and advanced to the next project phases on schedule and within budget.
Trial results on Firebird’s calcining kiln revealed remarkable energy efficiency, with operations consuming only 80-100 kWh per tonne compared to conventional kilns requiring over 300 kWh. This translates to an approximately USD30 reduction in cost per tonne. Additionally, Firebird forged a strategic collaboration with Central South University to develop processes aimed at producing LMFP as a cathode active material.
Oakover Project Developments
Progress continued at the Oakover Project, with Firebird signing an agreement with the Karlka Nyiyaparli Aboriginal Corporation concerning Mining Lease 52/1086. The agreement encompasses key developmental aspects and promises ongoing communication regarding cultural heritage and environmental protection. Oakover’s development is integral to Firebird’s strategy of utilising mined ore for its battery-grade operations.
Non-Core Holdings and Financial Position
Firebird successfully completed a farm-out of an 80% interest in its DSO Manganese Assets to Macro Metals Limited. The company streamlined its tenement holdings by surrendering non-core tenements while retaining key project areas. As of December 31, 2024, Firebird’s cash position stood at $3.1 million, enabling ongoing project support and operational activities.
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