Australian Vanadium Limited · ASX:AVL
Australian Vanadium — Shareholder Meeting (November 2024)
26 slides from Australian Vanadium's shareholder meeting presentation, Nov 21, 2024
Slide 1: Annual General Meeting Chair Address
ASX ANNOUNCEMENT 21 NOVEMBER 2024 ANNUAL GENERAL MEETING CHAIR ADDRESS Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL”) is pleased to provide the Chair’s Address to be read at the Company’s Annual General Meeting today. Good afternoon and welcome to Australian Vanadium Limited’s 2024 A
Slide 2: Chair Address (continued): energy storage and multi-pronged strategy
The increasing adoption of renewable energy is reducing the historic reliance on coal and gas for base load power generation during daylight hours. However, due to the intermittent nature of renewables, ensuring a continuous supply of clean energy remains a challenge. As renewable generation expands
Slide 3: Chair Address: people, sustainability and outlook
With a large global and domestic opportunity for long duration energy storage, AVL’s multi-pronged strategic focus allows us to capture value across the vanadium supply chain, creating clear value opportunities for our shareholders. Our People The success of the AVL business includes the health, saf
Slide 4: About Australian Vanadium Ltd
This announcement has been approved in accordance with the Company's published continuous disclosure policy and has been approved by the Board. ABOUT AUSTRALIAN VANADIUM LTD AVL is a resource company focused on vanadium, seeking to offer investors a unique exposure to all aspects of the vanadium val
Slide 5: Mineral Resource Estimate
MINERAL RESOURCE ESTIMATE The Australian Vanadium Project – Mineral Resource estimate by domain and resource classification using a nominal 0.4% V2O5 wireframed cut-off for low-grade and nominal 0.7% V2O5 wireframed cut- off for high-grade (total numbers may not add up due to rounding). Zone Categor
Slide 6: ASX Chapter 5 Compliance and Cautionary and Forward-looking Statements
ASX CHAPTER 5 COMPLIANCE AND CAUTIONARY AND FORWARD-LOOKING STATEMENTS ASX Listing Rule 5.23 The information in this announcement relating to mineral resource estimates for the Australian Vanadium Project is extracted from the announcement entitled ‘39% Increase in High Grade Measured and Indicated
Slide 7: Annual General Meeting November 2024
Annual General Meeting November 2024 ASX:AVL
Slide 8: 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 9: FY24 in review
FY24 in review Upstream Midstream Downstream Completed TMT Merger Completed construction of Western Commissioning of vanadium flow Australia’s first vanadium electrolyte battery (VFB) with ASX-100-listed Commenced Optimised Feasibility manufacturing facility miner IGO Limited's Nova Nickel Study ope
Slide 10: Unlocking competitive advantage: AVL's energy storage investment platform
Unlocking competitive advantage: AVL’s energy storage investment platform 4
Slide 11: A renewables-based energy transition requires both electricity generation AND matched energy storage
A renewables-based energy transition requires both electricity generation AND matched energy storage Metal contribution to supply chain value • There is enormous effort and spend on 60% electricity generation – too little on energy storage despite ambitious 50% decarbonisation targets from State and
Slide 12: Utility scale energy storage required – Victoria case study
Utility scale energy storage required – Victoria case study Winter operational demand – Victoria 15 July 2024 MW 30min Generation Type/Operational Demand Victoria recently set a 8,000 new peak power demand record of 8.6GW 6,000 Brown coal and wind provided the 4,000 majority of supply Victoria needs
Slide 13: The VFB is a proven and commercialised technology at scale
The VFB is a proven and commercialised technology at scale VFBs are operational across 20+ countries Japan China USA Sumitomo Electric Industries Rongke Power Sumitomo Electric Industries 15MW x 4 hour and 17MW x 3 hour VFB in 100MW x 4 hour VFB in Dalian, China 2MW x 4 hour VFB in San Diego, USA Ho
Slide 14: 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 25 Announced VFB projects 20 GWh - China 15 10 VFBs under construction 5 VFBs in operation 0 Annual General Meeting | November 2024 | ASX:AVL Source: Vanitec and FerroAlloyNet 8
Slide 15: Project Lumina – modular, turnkey, utility scale VFB
Project Lumina1 – modular, turnkey, utility scale VFB Project Lumina - targeting deployment ready energy storage solution for utility scale long duration storage Opportunity for vertical integration of AVL’s business to capture margin across the supply • Project Lumina is the detailed design of a mo
Slide 16: Project Lumina - Leveraging proven technology and specialist EPC and OEM partners
Project Lumina - Leveraging proven technology and specialist EPC and OEM partners to minimise technical risk Vanadium electrolyte Sourced from an AVL Forward Planning electrolyte manufacturing Ensuring additional units can facility be installed as required to allow capital efficient augmentation to
Slide 17: Project Lumina – competitive LCOS unlocks benefits of VFB
Project Lumina – competitive LCOS unlocks benefits of VFB Levelised Cost of Storage (LCOS) Benefits of Vanadium Flow Batteries 500 With a competitive LCOS, the focus should shift to the Utility Scale competitive advantages of VFBs which include: 450 4-hour Lithium-ion1 Project Proven technology wi
Slide 18: Positive outlook for longer duration energy storage
Positive outlook for longer duration energy storage NEM and WEM Deep and Medium Storage Forecasts 2024 The Australian Energy Market Operator (AEMO) projects to 2042 medium to long-duration energy storage capacity (excluding pumped hydro) to grow to 120 GWh by 2040 Annual increase of around 7 GWh ove
Slide 19: VSUN Energy - leveraging partners to accelerate deployment
VSUN Energy - leveraging partners to accelerate deployment Technology and VFB Energy Land Deployment Funding Offtake Access • Currently in discussions • Long asset life provides • Advanced discussions • Advanced discussions with several multiple funding with BESS energy to secure land access sophist
Slide 20: Vertically integrated to generate value across the supply chain
Vertically integrated to generate value across the supply chain Upstream Midstream Downstream Vanadium Mining Electrolyte Utility scale and Processing Manufacture BESS Solutions Asset Australian Vanadium Project Electrolyte manufacturing facility VSUN Energy AVL High-grade project in Tier-1 Vertical
Slide 21: UPSTREAM: The world class Australian Vanadium Project
UPSTREAM The world class Australian Vanadium Project unlocks our vertically integrated strategy A world class asset located in Western Australia, a Tier-1 mining jurisdiction Simple open pit mining with standard magnetite concentrator process Proven processing technology that reduces project risk Op
Slide 22: MIDSTREAM: Proven vanadium electrolyte manufacturing capacity
MIDSTREAM Proven vanadium electrolyte manufacturing capacity AVL built, owns and operates a manufacturing facility in Perth, Western Australia, capable of commercial vanadium electrolyte production • 33MWh per annum energy storage equivalent of vanadium electrolyte production • First production comp
Slide 23: 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 allow for carbon free Horizon Power, a utility owned by the Western Australia gov
Slide 24: Progressing the project to production
Progressing the project to production Delivered Next steps BFS completed (pre-merger basis) AVL Project Downstream strategy Mining Leases approved Publish integrated Optimised Secure VFB technology partners Feasibility Study (OFS) Completion of large-scale process Secure priority locations for VFB p
Slide 25: Investment thesis
Investment thesis VFB rapid uptake into GWh scale World class Ability to capture Platform solution energy storage High metal Australian downstream to long duration systems content of VFBs Vanadium Project value energy storage • Led by China with • Access to quality • Project provides • Competitive •
Slide 26: 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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