(NewsDirect)
Firebird Metals Ltd (ASX:FRB) managing director Peter Allen sitsdown with Jonathan Jackson in the Proactive studio to discuss thecompany’s visit to a large investor site visit in China,demonstrating significant progress and strategic advantages in theregion. The primary focus was on Firebird's leading manganesesulphate team and their advancements in Jinshi, Hunan Province.Attendees toured the Pilot Plant and R&D centre for battery-grademanganese sulphate, the Jinshi Port and a proposed site for newprocessing facilities within the Jinshi High-Tech Industrial Park.Additionally, the visit included Canmax Technologies Co., Ltd’slithium hydroxide plant in Meishan, highlighting the project'sstrong local support and operational benefits in China. The companyalso revealed outcomes from a feasibility study conducted by HunanChemical Engineering Design Institute Co., Ltd., which supportsFirebird's strategy to produce high-purity manganese sulphate. Thestudy highlights the economic viability with low capital expenses ofUS$83.5 million and operational advantages due to local support andregulatory compliance. The planned plant has annual capacity for50,000 tonnes of battery grade MnSO4 and 10,000 tonnes of Mn3O4.Significant progress has been made in areas such as equipment supplierdue diligence, R&D and project permitting, aiming for completionby late Q3 2024. Additionally, Firebird is engaged in discussions withEuropean customers and has initiated profit and capital repatriationprocesses supported by local authorities. Finally, the company hasmade further progress in the development of its Stage 1 Battery GradeManganese Sulphate Plant in China, signing “critical” financingand construction agreements with the Jinshi Government, ChinaConstruction Bank (Jinshi division) and leading chemical engineeringcontractor China Chemical.
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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