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Firebird Metals Limited (ASX:FRB)

ALERT: Price-sensitive ASX Announcement for FRB
Current share price for FRB : $0.170 -0.025 (-12.82%)+
Announcement
Release
28 Apr 2026 8:18AM
Price at Release
$0.195
Full Release
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Summary
Firebird Metals Limited's quarterly report for the period ending 31 March 2026 highlights its focus on developing an Australian-based strategy for producing manganese-rich cathode materials, leveraging its Oakover Manganese Project. The report details minimal exploration expenditure and significant investment in the development of a Chinese pilot plant, with directors and related party payments amounting to $309,000. The cash balance at quarter-end was $4.37 million. The company is advancing its Australian Demonstration Plant to validate its end-to-end manganese conversion process, while maintaining focus on downstream initiatives.
Key Points
  • Firebird Metals Limited focused on developing an Australian ore-to-cathode strategy for manganese-rich lithium-ion cathode materials.
  • The Oakover Manganese Project in Western Australia is a key upstream resource with a JORC Mineral Resource of 176.65 Mt at 9.9% Mn.
  • Appendix 5B Cash Flow Report for the quarter ended 31 March 2026 shows exploration expenditure of approximately $4,000.
  • Expenditure on the Chinese pilot plant development was approximately $129,000.
  • Payments to Directors and related parties amounted to $309,000.
  • Cash and cash equivalents at the end of the quarter were approximately $4.37 million.
  • The Australian Demonstration Plant (ADP) is planned to validate manganese feedstocks into high-purity manganese sulphate monohydrate (HPMSM), precursor cathode active material (p-CAM), and cathode active material (CAM).
  • No significant activity took place at the Oakover Project during the quarter, with focus on LMFP/LMR and ADP initiatives.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.