Australian Vanadium Limited · ASX:AVL
Australian Vanadium — Investor Presentation (February 2025)
23 slides from Australian Vanadium's investor presentation, February 2025
Slide 1: AVL: Unlocking Australia's vanadium advantage
AVL: Unlocking Australia’s vanadium advantage February 2025 ASX:AVL
Slide 2: Compliance & Cautionary Forward-looking Statements
Compliance & Cautionary Forward-looking Statements The views expressed in this Presentation contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information.
Slide 3: Vertically integrated to generate value across the supply chain
Vertically integrated to generate value across the supply chain Downstream Midstream Upstream Utility scale vanadium Vanadium electrolyte Vanadium mining flow batteries manufacture and processing AVL Asset VSUN Energy Electrolyte manufacturing facility Australian Vanadium Project Commercial VFB BESS
Slide 4: AVL: Working to unlock Australia's vanadium advantage in Western Australia
AVL: Working to unlock Australia’s vanadium advantage in Western Australia Downstream Midstream Upstream Utility scale vanadium Electrolyte Vanadium mining flow batteries manufacture and processing If re-elected Pledged $150m to support Net zero royalty on vanadium Royalty of 2.5% on vanadium WA Lab
Slide 5: Vanadium: delivering positive economic outcomes for Western Australia
Vanadium: delivering positive economic outcomes for Western Australia Benefits for Western Australia Vanadium 1 Growing or improving industrial capability ● 2 Helping industry pursue value-adding opportunities ● 3 Improving economic diversity ● 4 Crowding-in private finance ● 5 Decarbonisation ● 6 C
Slide 6: The world class Australian Vanadium Project is at the core of our vertical integration strategy
The world class Australian Vanadium Project is at the core of our vertical integration strategy A world class asset located in Western Australia, a Tier-1 mining jurisdiction Simple open pit mining with standard magnetite concentrator process Global vanadium MRE of 395.4Mt at 0.77% V2O5 including 10
Slide 7: An Australian VFB industry unlocks demand for vanadium
An Australian VFB industry unlocks demand for vanadium 7
Slide 8: A single utility scale VFB BESS unlocks globally significant demand for vanadium
A single utility scale VFB BESS unlocks globally significant demand for vanadium 50MW/ 4kt c.1.7% 500MWh VFB BESS ~ V2O5 demand1 ~ Of global V2O5 supply2 Sources: 1. AVL internal, utility scale VFB BESS 2. TTP Squared, Inc – 2024 global vanadium market size 133,000 metric tonnes vanadium (equivalent
Slide 9: The NEM cannot meet the forecasted transition away from fossil fuels without rapid growth in longer duration energy storage
The NEM cannot meet the forecasted transition away from fossil fuels without rapid growth in longer duration energy storage Generation from renewable sources Deep and medium duration energy storage – NEM (%) (excluding large scale pumped hydro) Renewable energy generation is set to rapidly increase
Slide 10: Why VFB BESS is best positioned to meet demand for long duration storage
Why VFB BESS is best positioned to meet demand for long duration storage AVL targeting a high Zero >99% Proven level of local content to Thermal VFB commercial end- Nearly 20-year VFB deployment event risk – VFB is a of-life reuse and history of grid- 80% non-flammable recyclability2 connected VFB B
Slide 11: VFB adoption in China is already at GWh scale
VFB adoption in China is already at GWh scale Australia has all the right ingredients to be a fast follower GWh - China Announced VFB projects VFBs under construction VFBs in operation Source: https://vanitec.org/vanadium/map and China Iron & Steel Research Institute Group (CISRI) VTC Workshop 23 Oc
Slide 12: Government support drives technology acceptance and scale
Government support drives technology acceptance and scale Hornsdale - 20171 Collie - 20232 Kalgoorlie VFB – ~2027 TBC3 • 100MW/129MWh • 500MW/2000MWh • 50MW/500MWh • World's largest lithium BESS when • Australia’s largest Li-BESS in • If built, will be Australia’s largest built in 2017 2023 VFB BESS
Slide 13: Vanadium flow batteries are proven at scale globally, Gigafactory manufacturing capacity expanding
Vanadium flow batteries are proven at scale globally, Gigafactory manufacturing capacity expanding Announced Gigafactories Date Gigafactory Capacity Announced (per year) January 2023 1GWh February 2023 4GWh March 2023 1GWh April 2023 4GWh September 2023 2GWh November 2023 1GWh December 2024 1GWh 400
Slide 14: Project Lumina: Developing a utility scale vanadium flow battery
Project Lumina: Developing a utility scale vanadium flow battery • Project Lumina1 is the detailed design of a scalable, Project Lumina - Rendering of 50MW VFB BESS turnkey, utility-scale vanadium flow battery (VFB) designed for Australian conditions • Following a deconstructed pathway removes elect
Slide 15: Funding framework and development timeframe
Funding framework and development timeframe Indicative project timeline: Funding example: The Melbourne Renewable Energy Hub will be one of Australia’s largest lithium BESS projects with an initial capacity of 600MW/1600MWh. Project capital is expected to cost $1.2bn, supported by equity financing f
Slide 16: Progressing towards investment decisions
Progressing towards investment decisions Delivered Next steps Bankable Feasibility Study (pre- Upstream Strategy – Australian Downstream strategy – VSUN Energy merger basis) Vanadium Project Secure VFB BESS technology partners Mining Leases approved Publish integrated OFS Secure priority locations f
Slide 17: Investment highlights
Investment highlights VFBs provide a Australia’s grid proven, economic World class continues to solution for Ability to capture Commercial Australian transition to utility scale downstream partnerships in Vanadium renewables energy storage value place Project • Increases the need • VFB rapid uptake
Slide 18: Appendix
Appendix 18
Slide 19: Upstream: Grant funding and approvals support
Upstream Grant funding and approvals support • AVL was awarded a $49 million grant under the Australian Government’s Modern Manufacturing Initiative Collaboration Stream (Grant) • The Grant enables AVL to pursue opportunities to minimise project execution risks through enhanced project definition, s
Slide 20: Midstream: Proven vanadium electrolyte manufacturing capacity
Midstream Proven vanadium electrolyte manufacturing capacity AVL built, owns and operates a manufacturing facility in Perth, Western Australia, producing vanadium electrolyte • 33MWh per annum energy storage equivalent of vanadium electrolyte production, with first production completed in 2024 • Fir
Slide 21: Downstream: VSUN Energy – engaging with mining and utility customers
Downstream VSUN Energy – engaging with mining and utility customers IGO Limited Horizon Power Nova Nickel Operation (Western Australia) Kununurra (Western Australia) Installation of a VFB to provide storage capacity to assist Horizon Power, a utility owned by the Western Australia carbon free electr
Slide 22: Policy settings: Growing support for long duration storage in Australia
Policy settings: Growing support for long duration storage in Australia Western Australia – $150M election commitment for 50MW/500MWh 10-hour VFB BESS New South Wales – support for storage projects of at least 8 hours Latest Federal Government support package targeted 4-hour projects Investor Presen
Slide 23: www.avl.au
+61 (08) 9321 5594 info@avl.au www.avl.au Level 2, 50 Kings Park Road, West Perth, Western Australia 6005 Australian Vanadium Limited | ASX: AVL
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