Australian Vanadium Limited · ASX:AVL
Australian Vanadium — Diggers & Dealers Mining Forum 2026
16 slides from Australian Vanadium's conference presentation, Aug 5, 2026
Slide 1: The convergence of three value platforms
For personal use only The convergence of three value platforms AVL positioned to capture value across three integrated platforms Diggers and Dealers Mining Forum | Kalgoorlie, Western Australia August 2026 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: Three value platforms, one integrated strategy, multiple potential value catalysts
Three value platforms, one integrated strategy, multiple potential value catalysts Upstream Midstream Downstream For personal use only Vanadium Mining Vanadium Electrolyte Utility-scale and Processing Manufacture BESS Solutions Asset Australian Vanadium Project Electrolyte manufacturing facility VSU
Slide 4: Factors supporting increased VFB adoption
Factors supporting increased VFB adoption1 For personal use only STABLE and VERSATILE SAFE and RESILIENT Minimal degradation and full depth of No thermal runaway risk. Ideal for discharge support project economics deployment near critical infrastructure, such as data centres, and in hot climates LON
Slide 5: Electrolyte leasing – another potential accelerator of VFB adoption
Electrolyte leasing – another potential accelerator of VFB adoption Initial Capex ($/MWh) For personal use only • Electrolyte leasing: deployed at utility-scale in China3 and capable of converting electrolyte component, estimated at 40 -50% of VFB capex, into opex4 – a similar Electrolyte leasing mo
Slide 6: In 2026, utility-scale VFB projects across multiple markets
In 2026, utility-scale VFB projects across multiple markets • Over 8GWh of VFBs in operation globally, with a further 44GW of 2026 – Example Projects projects either in construction or announced4 For personal use only • If fully deployed, the Flexbase, Hunter VFB and Kalgoorlie VBESS would S: Switze
Slide 7: VFBs' unique attributes offer competitive advantages in key emerging markets
VFBs’ unique attributes offer competitive advantages in key emerging markets VFBs’ advantages over established BESS technology – including duration, no thermal runaway risk, minimal For personal use only degradation and full depth of discharge – position this technology for use in key emerging BESS
Slide 8: The case for new upstream supply: a single utility-scale VFB BESS would create significant demand
The case for new upstream supply: a single utility-scale VFB BESS would create significant demand for vanadium For personal use only 50 MW/ 4kt c.1.7% 500 MWh VFB BESS ~ V2O5 demand1 ~ Of global V2O5 supply2 “Western Australia, of itself, is going to have a strong demand for vanadium as part of our
Slide 9: Value Platform 1: VSUN Energy and Lumina
Value Platform 1: VSUN Energy and Lumina Proposed build-own-operate (BOO) BESS platform Examples of Australian BOO BESS platforms1 For personal use only Company Establishment year Ba Design: develop battery, customise to projects and secure financial resources Build: source, manufacture, assemble, s
Slide 10: Value Platform 2: Electrolyte manufacturing and V-NOMAD
Value Platform 2: Electrolyte manufacturing and V-NOMAD Established foundation Operational WA electrolyte manufacturing facility, For personal use only established technical expertise and ongoing product qualification and engagement with multiple OEMs.1 V-NOMAD A scalable vanadium electrolyte manufa
Slide 11: Value Platform 3: The Australian Vanadium Project
Value Platform 3: The Australian Vanadium Project Advancing readiness through the cycle A world-class asset located in Western For personal use only Australia, a Tier-1 mining jurisdiction Proposed open-pit mining with a conventional magnetite concentrator process Global vanadium MRE of 395.4Mt at 0
Slide 12: Forecast growth in vanadium demand has not yet been accompanied by a sustained price recovery
Forecast growth in vanadium demand has not yet been accompanied by a sustained recovery in vanadium spot price For personal use only • Vanadium demand is forecast to grow as VFB deployment accelerates in China and other regions such as North America, Europe and Australia1 • Independent industry comm
Slide 13: AVL's integrated capability positioned for VFB deployment
AVL’s integrated capability positioned for VFB deployment Value Platform 1 – VFB solution: VSUN Energy’s experience from Horizon Power project 1 and AVL’s Lumina For personal use only architecture2 provide expandible VFB solutions for utility- scale BESS projects in hot climate and remote locations
Slide 14: Investment proposition: a strategy to capture value across three integrated platforms
Investment proposition: a strategy to capture value across three integrated platforms For personal use only Three platforms, Positioned for one integrated Developing VFB Delivering a large-scale VFB Vanadium – vanadium value opportunity distinctive deployments demand tailwinds chain pipeline busines
Slide 15: Mineral Resource Estimate
Mineral Resource Estimate Zone Category Mt V 2 O5 % Fe % TiO2 % SiO 2 % Al2O3 % For personal use only Measured 30.6 1.14 46.3 12.9 7.4 6.2 HG Indicated 74.8 1.11 47.5 12.6 7.0 5.7 Inferred 67.9 1.06 45.3 12.1 9.0 6.6 Subtotal 173.2 1.09 46.5 12.5 7.8 6.1 Indicated 61.8 0.55 26.1 7.1 26.6 16.3 LG Inf
Slide 16: 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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