FRB - Firebird Metals

[System]

Firebird Metals Limited holds a 100% interest or has entered into agreements to acquire a 100% interest in the following projects:

(a) the Oakover Project, comprising one granted exploration licence and two explorations applications containing a JORC 2012 Inferred Resource and is situated approximately 90km east of Newman in Western Australia's East Pilbara Manganese Province;

(b) the Hill 616 Project comprising one granted exploration licence is located within the Southeast Pilbara region of Western Australia, approximately 85km south east of Newman within the Peak Hill Mineral Field (Hill 616 Project); and

(c) the Disraeli Project, comprising one pending exploration licence application and is located approximately 230km NNE of Newman, 110Km ESE of Nullagine in Western Australia.

The Company's main objectives on completion of the IPO and ASX listing are:

(a) completion of infill and extensional drilling at the Oakover Project, targeting resource expansion along strike and increased definition of higher grade domains;

(b) systematic exploration at the Company's Hill 616 and Disraeli Projects to deliver a maiden JORC resource;

(c) focus on mineral exploration and other resource opportunities that have the potential to deliver resource growth for Shareholders;

(d) continue to pursue other acquisitions that have a strategic fit for the Company;

(e) complete metallurgical beneficiation testing to be conducted in parallel with assessment of direct shipping ore opportunities in order to increase overall project scale potentially through capital phasing; and

(f) provide working capital for the Company.

It is anticipated that FRB will list on the ASX during March 2021.

http://firebirdmetals.com.au

 

[Dona Ferentes]

Listing date	19 March 2021 #
Company contact details	www.firebirdmetals.com.au Ph: +61 8 6245 9818
Principal Activities	Mineral exploration
GICS industry group	15104050 - Steel
Issue Price	$0.20
Issue Type	Ordinary Fully Paid Shares
Security code	FRB
Capital to be Raised	$5,500,000
Expected offer close date	22 February 2021
Underwriter	Euroz Hartleys Securities (L)

 

[Dona Ferentes]

off at a fair clip.. .... 5 days in from the 20c a share IPO

 

[Dona Ferentes]

acquired another Pilbara lease. Trading well and in the mid 30's a share

The Stoney Creek tenement is considered prospective for gold and base metal mineralisation, covering approximately 44km2 in the East Pilbara district of Western Australia. The tenement is located approximately 200km south east of Port Hedland and approximately 55km south east of the town of Marble Bar. Stoney Creek is approximately 35km east of Calidus Resources Limited’s (ASX: CAI) Warrawoona Gold Project, which is currently under development.

The Company considers that the tenement is a complimentary addition to its existing portfolio of tenements known as the Pilbara Gold Project and increases the Company’s land presence in the region.

 

[Dona Ferentes]

Barry FitzGerald - Garimpeiro ; 12 stocks in 12 different commodities to stuff in the Xmas stocking ... The focus has been finding those with leverage to exploration success and/or enhanced development prospects because of some of spectacular commodity price gains in 2021, and what 2022 [may have] in store.

MANGANESE : Trading at 39c for a market cap of $21m million. It is working on a low capex and fast start-up of a its Oakover manganese project in the East Pilbara now that it has confirmed a big supporting resource base.

Planning to eventually become a value-added producer of manganese sulphate for lithium-ion batteries is also underway. It is a similar playbook that Element 25 followed at its Butcherbird project, now an exporter. It has a $195m market cap.

 

[greggles]

FRB back to its IPO price a year and a half later, just in time for another capital raising. A lot of work has been done and there is plenty of potential here but until the CR is done and dusted I don't think this will be moving north anytime soon.

Worth keeping an eye on though, especially with a market cap of just ~$10 million.