Australian Vanadium Limited · ASX:AVL
Australian Vanadium — Diggers and Dealers Mining Forum 2025
26 slides from Australian Vanadium's conference presentation, Aug 4, 2025
Slide 1: Kalgoorlie VBESS: Australia's need. WA's vision. AVL's capability.
For personal use only Kalgoorlie VBESS: Australia’s need. WA’s vision. AVL’s capability. Diggers and Dealers Mining Forum August 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: Why the WA Government is providing $150m to support a 500MWh Kalgoorlie VFB
Why the WA Government is providing $150m to support a 500MWh Kalgoorlie vanadium flow battery (Kalgoorlie VBESS) For personal use only 1. Boosting energy 2. Developing local 3. Creating jobs and reliability in the vanadium supply diversifying the Goldfields chains and regional economy manufacturing
Slide 4: Early leadership across full supply chain positions AVL for Kalgoorlie VBESS
Early leadership across full supply chain positions AVL to offer compelling solutions into the Kalgoorlie VBESS project Upstream Midstream Downstream For personal use only Vanadium Mining Electrolyte Utility scale and Processing Manufacture BESS Solutions Asset Australian Vanadium Project Electrolyt
Slide 5: 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 For personal use only Zero >99% Proven Thermal Nearly 20-year VFB commercial end- event risk – VFB is a history of grid- of-life reuse and non-flammable connected VFB BESS recyclability2 technology Cost 30+ Australian VFB BESS
Slide 6: Turnkey VFB BESS architecture for Australian build-own-operate delivery
AVL has advanced a turnkey VFB BESS architecture tailored for Australian build-own-operate delivery • Simple and scalable supply For personal use only chain: vanadium electrolyte, Control room tanks, pumps, piping, power stacks • Configuration optionality to meet specific land requirements • Utilisa
Slide 7: Early supply chain leadership and Lumina architecture maximise WA content
Early supply chain leadership and Lumina architecture enables AVL to maximise WA content Indicative capital cost breakdown of AVL’s Lumina solution for a 50MW/500MWh VFB1 0% 100% For personal use only Pumps, tanks, Civils Electrolyte Power stack Inverter and power EPCM & other pipework control syste
Slide 8: Kalgoorlie VBESS – update on expected timing and process
Kalgoorlie VBESS – update on expected timing and process For personal use only Commitment to long duration energy storage, WA vanadium, and battery manufacturing “"This [Kalgoorlie VBESS] project reflects our commitment to strengthening regional energy resilience, supporting long- duration storage s
Slide 9: Indicative VFB BESS development timeframe
Indicative VFB BESS development timeframe Kalgoorlie VBESS For personal use only AVL is well positioned to facilitate the deployment of the Kalgoorlie VBESS in line with the Government’s time frame while maximising alignment to Project additional objectives: Lumina Site selection Construction Operat
Slide 10: The case for new upstream supply: a single VFB BESS unlocks vanadium demand
The case for new upstream supply: a single utility scale VFB BESS unlocks globally significant demand for vanadium For personal use only 50MW/ 4kt c.1.7% 500MWh VFB BESS ~ V2O5 demand1 ~ Of global V2O5 supply2 “Western Australia, of itself, is going to have a strong demand for vanadium as part of ou
Slide 11: The Australian Vanadium Project delivers significant competitive advantage
The Australian Vanadium Project delivers significant competitive advantage for future VFB deployment A world class asset located in Western For personal use only Australia, a Tier-1 mining jurisdiction Simple open pit mining with standard magnetite concentrator process Global vanadium MRE of 395.4Mt
Slide 12: Investment highlights
Investment highlights For personal use only Utilisation of proven technology to bring cost competitive and sustainable solutions into the looming long duration storage market AVL can deliver a WA centric supply chain targeting +70% local content AVL’s Lumina VFB architecture delivers ability to expa
Slide 13: Appendix
For personal use only Appendix 13
Slide 14: Kalgoorlie power infrastructure will benefit from a long duration BESS
Kalgoorlie power infrastructure will benefit from the addition of a long duration battery energy storage system – Kalgoorlie “VBESS” Kalgoorlie is connected to the SWIS power network by a single 650km transmission line which, due to its length has a higher risk of transmission related outages, leavi
Slide 15: Vanadium demand and supply
Vanadium 101 Demand Supply For personal use only While current vanadium demand is largely driven use in Global vanadium market of 133,000 MTV* in 2024. Over steel, vanadium’s growing role in the energy transition 75% of global vanadium supply currently sourced from through vanadium flow batteries (V
Slide 16: Transitioning Australia's NEM requires rapid growth in longer duration storage
Transitioning Australia’s NEM1 will not happen without rapid growth in longer duration energy storage Generation from renewable sources – NEM (%) For personal use only Australia’s addressable market Renewable energy for VFB BESS generation is set to rapidly increase … 120 GWh by 2040 (excluding pump
Slide 17: VSUN Energy – Advancing opportunities across five states
VSUN Energy – Advancing opportunities across five states Growing government support for LDES1 across Australia Western Australia – $150M funding for For personal use only 50MW/500MWh 10-hour VFB BESS New South Wales – support for storage projects of at least 8 hours Federal Government support packag
Slide 18: Vanadium: delivering positive economic outcomes for Western Australia
Vanadium: delivering positive economic outcomes for Western Australia Benefits for Western Australia Vanadium For personal use only 1 Growing or improving industrial capability ✓ 2 Helping industry pursue value-adding opportunities ✓ 3 Improving economic diversity ✓ 4 Crowding-in private finance ✓ 5
Slide 19: 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 For personal use only GWh - China Announced VFB projects VFBs under construction VFBs in operation Source: https://vanitec.org/vanadium/map and China Iron & Steel Research Institute Group (CIS
Slide 20: Vanadium flow batteries are proven at scale globally; gigafactory capacity expands
Vanadium flow batteries are now proven at scale globally, gigafactory manufacturing capacity continues to expand Announced Gigafactories For personal use only Date Gigafactory Capacity Announced (per year) January 2023 1GWh February 2023 4GWh March 2023 1GWh April 2023 4GWh September 2023 2GWh Novem
Slide 21: Matching duration to the market: extending duration by adding tank capacity
Matching duration to the market: Extending duration is as simple as adding tank capacity For personal use only 2 Hour Duration Switch yard 4 Hour Duration • Deconstructed approach to VFB BESS deployment allows for low capital intensity duration expansion – as simple as adding additional tanks filled
Slide 22: Grant funding and approvals support
Grant funding and approvals support • AVL was awarded a $49 million grant under the Australian Government’s Modern Manufacturing Initiative Collaboration Stream (Grant)1 • The Grant enables AVL to pursue opportunities to minimise project execution For personal use only risks through enhanced project
Slide 23: Significant deliverables in advancing the Australian Vanadium Project towards FID
Significant deliverables in advancing the Australian Vanadium Project towards FID For personal use only Delivered Upcoming catalysts Bankable Feasibility Study (pre-merger basis)1 Complete integrated OFS9 targeting Q3 CY2025 Mining leases approved2 Progress approvals including full EPA approval and
Slide 24: Mineral Resource Estimate
Mineral Resource Estimate For personal use only Diggers and Dealers Presentation | August 2025 | ASX:AVL 24
Slide 25: Investment highlights
Investment highlights For personal use only VFBs provide a Australia’s grid proven, economic continues to solution for utility Ability to capture Commercial World class transition to scale energy downstream partnerships in Australian renewables storage value place Vanadium Project • Increases the ne
Slide 26: For personal use only
For personal use only +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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