EXPLORATION & DEVELOPMENT

A flicker of market attention for Firebird on Oakover manganese results

Scoping work for concentrate venture completed, scoping work for associated downstream play underway

Oakover country, WA

Oakover country, WA

The Oakover project east of Newman would involve a 4 million tonnes per annum processing plant producing about 1.2Mt of a concentrate grading 30-32% manganese for 18 years.

Firebird had $1.3 million cash at the end of June and a recent market capitalisation of around $10 million.

Meanwhile, a scoping study for production of battery grade manganese sulphate is underway.

Firebird's managing director is Peter Allen, while resource sector entrepreneur Evan Cranston's is the non-executive chairman.

Firebird listed in 2021.

The more advanced ASX manganese play Element 25 reached its equities zenith in mid-2021 when its shares were trading around the $2.50 mark.

At a share price this week of 40c, Element 25 was capitalised at $88 million.

Firebird's shares, which went past 60c in mid-2021, were up 11.5% to 14.5c in afternoon trade Wednesday, capitalising the company at $9.5 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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