Firebird Metals Ltd. (AU:FRB) has released an update.
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Firebird Metals Ltd. has entered a farm-out agreement with Macro Metals Ltd. to advance its non-core manganese tenements, allowing Macro to earn an 80% interest by investing $150,000 and drilling 10 holes across four sites within 12 months. Firebird retains a 20% interest and a 1% sales commission, focusing its efforts on the Oakover Project and a Chinese manganese sulphate plant. This strategic partnership aims to maximize the potential of the tenements while minimizing immediate capital expenditure for Firebird.
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