Australian Vanadium Limited · ASX:AVL
Australian Vanadium — Macquarie WA Forum 2023
15 slides from Australian Vanadium's conference presentation, November 2023
Slide 1: Macquarie WA Forum Presentation
ASX:AVL Macquarie WA Forum Presentation November 2023
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: Australian Vanadium Limited
Australian Vanadium Limited Project located in Western Australia, with access to key infrastructure including gas, rail and port BFS completed highlighting strong project metrics including cash cost sub US$5/lb V2O5 and 25+ year mine life Simple open pit mining, with proven processing method for red
Slide 4: Strong vanadium market fundamentals
Strong vanadium market fundamentals 85% of global Expected demand Classified as a supply sourced Steep cost curve acceleration from Supportive long- critical mineral in from China, driven by multiple vanadium flow term prices the US, EU, UK & Russia and South production routes batteries (VFBs) Japan
Slide 5: Vanadium Demand
Vanadium x Demand Vanadium market demand currently dominated by use in the steel industry, although its exposure to the energy transition through VFBs could provide a sizeable diversification from steel. MTV 350,000 300,000 Steel 250,000 87% 200,000 150,000 Tools Ships Construction Trains 100,000 In
Slide 6: VFB Technical Merit
VFB Technical Merit Non-flammable Multiple daily cycles, Vanadium electrolyte can making it one of the with 100% depth of be reused indefinitely safest and most stable discharge available or recycled for use in battery chemistries steel market or VFBs Low lifecycle cost over Easy to scale power Litt
Slide 7: AVL and TMT Merger overview
AVL and TMT Merger overview In September 2023 AVL and TMT announced a Board recommended merger via Scheme of Arrangement – with a combined market capitalisation of A$217 million (pro-forma) Enhanced project economics, expansion optionality and material synergies Improved funding capability, includin
Slide 8: AVL and TMT Merger Update
AVL and TMT Merger Update ▪ TMT Board of Directors have unanimously recommended the scheme ▪ Draft Scheme booklet lodged with the Australian Securities Investment Commission (ASIC) AVL and TMT integration workshop ▪ Integration working group has been formed and Scheme timetable commenced workstreams
Slide 9: Pit to Battery Strategy - Vanadium Electrolyte Project
Pit to Battery Strategy - Vanadium Electrolyte Project AVL is focused on developing vanadium market opportunities o The Company is building a 33MWh per annum electrolyte plant in Perth, co-funded through part of a $3.69M Federal Government Grant o The plant uses US Vanadium’s proven electrolyte manu
Slide 10: Pit to battery strategy - VSUN Energy
Pit to battery strategy - VSUN Energy VSUN Energy was launched by AVL in 2016 to grow the VFB market in Australia Current Projects o Horizon Power 78kW/220kWh pilot project in Kununurra, WA o IGO - supply and installation of an 80kW/300kWh VFB at Nova Nickel Operation o Water Corporation – successfu
Slide 11: AVL’s investment thesis
AVL’s investment thesis World class vanadium Growing vanadium Advancing funding Merger creates ASX orebody fundamentals strategies vanadium leader • Advanced project, low • Steel demand enough to • $49M Federal Grant • Logical consolidation of cost, 25+ year mine life underpin project offtake • Pote
Slide 12: Appendix
Appendix 12
Slide 13: AVL’s Board of Directors
AVL’s Board of Directors Cliff Lawrenson Daniel Harris Miriam Stanborough AM Non-Executive Non-Executive Non-Executive Director Director Director Experienced Chair and Over 40 years of Chemical engineer, with extensive executive career in global vanadium over 20 years of resources, energy, experienc
Slide 14: AVL’s Executive Team
AVL’s Executive Team International vanadium expertise − track record in project execution and operations Graham Arvidson Todd Richardson Louis Mostert Chief Executive Chief Operating Chief Legal and Officer Officer Commercial Officer 18 years of experience in the Over 20 years of experience 20 years
Slide 15: australianvanadium.com.au
+61 (08) 9321 5594 info@australianvanadium.com.au australianvanadium.com.au Level 2, 50 Kings Park Road, West Perth, Western Australia 6005 Australian Vanadium Limited | ASX: AVL