Slide 1: IMARC 2022
For personal use only IMARC 2022 November 2022 ASX:AVL
Slide 2: ASX Chapter 5 Compliance and Cautionary and Forward-Looking Statements
ASX CHAPTER 5 COMPLIANCE AND CAUTIONARY AND FORWARD- LOOKING STATEMENTS For personal use only 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, comp
Slide 3: Corporate Overview
A S X : AV L C O R P O R AT E O V E R V I E W Australian Vanadium For personal use only AVL SHARE PRICE HISTORY (27/10/2022) $0.120 350,000,000 KEY STATISTICS AS AT 27/10/22 $0.100 300,000,000 Ordinary Shares on Issue 4.01b 250,000,000 $0.080 Share Price A$0.034 200,000,000 Options on Issue $0.060 2
Slide 4: Executive Summary
A S X : AV L A U S T R A L I A N VA N A D I U M L I M I T E D Executive Summary For personal use only Attractive Economics Front End Engineering Highest Grade and Contractor The Australian Vanadium Project is located Bankable Feasibility Study. 25+ year mine CMB EPC and Processing Plant EPCM near Me
Slide 5: Vanadium Markets
A S X : AV L Vanadium Markets For personal use only 92% 6% 2% 5
Slide 6: Global Vanadium Dominated by China and Russia
A S X : AV L Global Vanadium Dominated by China and Russia For personal use only Vanadium produced as a by-product from steel Vanadium produced as a by-product from steel 1 primary vanadium mine 2 primary vanadium mines Sources - iScience 24, 103277, November 19, 2021 & TTP Squared, Inc 6
Slide 7: Projected energy storage growth to shift demand
A S X : AV L VA N A D I U M M A R K E T S Projected energy storage growth to shift demand For personal use only 250,000 Current 200,000 global production ~118,000 MTV per annum 150,000 MTV 100,000 AVL’s planned 50,000 production 6,270 MTV per annum - 2020 2021 2022e 2023e 2024e 2025e 2026e 2027e 202
Slide 8: Experienced Corporate Team
A S X : AV L C O R P O R AT E O V E R V I E W Experienced Corporate Team International vanadium credentials For personal use only Experienced Chair Underground and open Over 40 years of Extensive and extensive cut mining operations, global vanadium experience as a executive career in greenfields exp
Slide 9: Strong ESG Focus
A S X : AV L ESG IN ACTION Strong ESG Focus For personal use only Renewable energy strategy ▸ Use of solar and/or wind generation at the minesite and processing plant ▸ Installation of VRFBs at both sites for energy storage and EV charging Community relationships ▸ Green hydrogen into the natural ga
Slide 10: The Australian Vanadium Project
For personal use only THE AUSTRALIAN VANADIUM PROJECT 10
Slide 11: Project Location
For personal use only Unique FeTi coproduct sales opportunity Infrastructure – port, water, gas, rail, road, power, airport Access to local workforce Abundant renewable energy resources The Australian Vanadium Project Project Location 1111
Slide 12: Recent BFS – Robust Project Metrics
A S X : AV L Recent BFS – Robust Project Metrics For personal use only STRONG OPEX, RESOURCE FINANCIAL CAPEX OUTCOMES Total Resource C1 OPEX 239Mt @ 0.73% V2O5 Pre-Tax NPV7.5 IRR High-grade 95.6Mt @ 1.07 V₂O₅ US$4.43/lb V2O5 A$833M 20.6% Ore Reserve 30.9Mt @ 1.09 V2O5 EBITDA Annual Average PRE-PRODU
Slide 13: Resource Total Magnetic Intensity
Resource Total Magnetic Intensity T H E A U S T R A L I A N VA N A D I U M P R O J E C T Section For personal use only A S X : AV L Note: Information within this slide as detailed in ASX Announcement "Bankable Feasibility Study for Australian Vanadium Project" dated 6th April 2022 13
Slide 14: Mining Layout
A S X : AV L A U S T R A L I A N VA N A D I U M P R O J E C T Mining Layout For personal use only 14
Slide 15: Recent Drilling – infill completed
A S X : AV L A U S T R A L I A N VA N A D I U M P R O J E C T Recent Drilling – infill completed For personal use only • 7,283 metres of Reverse Circulation (RC) drilling completed during September and October 2022 • 813.5 metres of diamond drilling completed during August 2022 • RC infills previous
Slide 16: Mining Sequence
A S X : AV L T H E A U S T R A L I A N VA N A D I U M P R O J E C T Mining Sequence For personal use only 16
Slide 17: Pit, Beneficiation Plant and Processing Plant
A S X : AV L T H E A U S T R A L I A N VA N A D I U M P R O J E C T Pit, Beneficiation Plant and Processing Plant For personal use only 17
Slide 18: Funding Model
A S X : AV L Funding Model For personal use only $49M Modern Manufacturing Initiative grant Equity Debt 18 18
Slide 19: Vertical Integration
Vertical For personal use only Integration Vanadium & PROCESSING Production A S X : AV L 19
Slide 20: Vanadium Electrolyte Plant
T H E A U S T R A L I A N VA N A D I U M P R O J E C T Vanadium Electrolyte Plant For personal use only • Vanadium electrolyte plant to be located at Kwinana industrial area, south of Perth • Partly funded by Australian Government manufacturing grant of $3.69M • Vanadium electrolyte technology and v
Slide 21: Project Delivery
A S X : AV L A U S T R A L I A N VA N A D I U M P R O J E C T Project Delivery For personal use only 01 02 03 04 05 Final Financial BFS EPC/EPCM Investment Close and Production Completed Partnerships Decision Construction Bankable Securing debt Selection of Execute FEED, Australian Feasibility Study
Slide 22: VSUN Energy
For personal use only VSUN ENERGY A 100% owned subsidiary of AVL, dedicated to energy storage and focused on growing the vanadium redox flow battery (VRFB) market in Australia
Slide 23: Why use the VRFB for energy storage?
VSUN ENERGY Why use the VRFB for energy storage? For personal use only Vanadium Lifespan over 20 Non-flammable Multiple daily Able to store Easy to scale electrolyte can be years with no making it safer cycles, with large amounts of power reused degradation in than other 100% depth of energy for lat
Slide 24: In Summary
A S X : AV L IN SUMMARY Australian Vanadium Project For personal use only Expertise Timing Project Business Model International vanadium Increased vanadium Globally significant Vertically integrated experience, skilled consumption in the steel resource, strong approach, collaboration knowledgeable t
Slide 25: For personal use only
For personal use only +61 (08) 9321 5594 info@australianvanadium.com.au Level 2, 50 Kings Park Road, West Perth, Western Australia 6005 Australian Vanadium Limited | ASX: AVL australianvanadium.com.au