Firebird Metals entered into a contract with Macro Metals Limited

Firebird Metals Ltd (ASX:  FRB) entered into an enforceable contract with Macro Metals Limited that allows Macro to purchase an 80% stake in three manganese assets located in Western Australia's East Pilbara region. To offer life-of-mine services for the projects, Macro additionally establishes Macro Mining Services Pty Ltd (MMS).

The acquisition terms call for ten reverse circulation drill holes totalling at least 100 metres per project, and a minimum of AU$150,000 to be spent on the projects within a 12-month period. Firebird keeps 20% of the equity, which is convertible to a FOB royalty of 1%. By September 30, 2024, completion is contingent upon regulatory permissions and due diligence. MMS intends to assist upcoming investments and improve Macro's supply chain capabilities.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com