Australian (ASX) Stock Market Forum

FRB - Firebird Metals (1 Viewer)


Jun 27, 2010
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.

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