Australian Vanadium Limited · ASX:AVL
Australian Vanadium — Paydirt Battery Minerals Conference 2021
34 slides from Australian Vanadium's conference presentation, June 2021
Slide 1: Corporate Presentation
Corporate Presentation Paydirt Battery Minerals Conference June 20212021 February ASX: AVL
Slide 2: Disclaimer
Disclaimer 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. Competent Person References in which it
Slide 3: Corporate Overview
Corporate Overview
Slide 4: Corporate Overview
Corporate Overview Australian Vanadium Limited Strong technical and commercial team with global vanadium experience (ASX: AVL) is an emerging vanadium producer developing High quality deposit The Australian Vanadium Focus on delivering through all vanadium price cycles Project at Gabanintha in BFS p
Slide 5: Key Statistics
Corporate Overview KEY STATISTICS (31/05/21) Ordinary Shares on Issue 2.93b Share Price A$0.02 Average Daily Traded 5,845,499 Volume Market Cap (Undiluted) A$59m Cash ~A$4.5m Shareholders 8,471 SHAREHOLDER SPLIT MAJOR SHAREHOLDERS 1 JP Morgan Nominees Australia Pty Ltd Top 200, 2 HSBC Custody Nomine
Slide 6: Experienced Team
Corporate Overview Experienced Team Cliff Lawrenson Vincent Algar Daniel Harris Non-Executive Director Managing Director Technical Director Over 10 years of experience chairing public and Geologist with over 25 years of experience in the Over 40 years of global vanadium experience private companies
Slide 7: AVL provides a globally unique investment opportunity in a key critical and battery metal
AVL provides a globally unique investment opportunity in a key critical and battery metal “ AVL is developing one of the highest-grade vanadium projects currently underway in the world. Our aim is to become a low-cost producer, able to withstand long-term commodity price cycles. Adding value in West
Slide 8: Vanadium Markets
Vanadium Markets
Slide 9: Vanadium Markets
Vanadium Markets PRIMARY EMERGING ADDITIONAL Steel Energy Storage Ti, Chemical and Accounts for 90% of current global Accounts for 2% of current global vanadium consumption. Total vanadium consumption, with significant Other Consumption in 2019, 102,000 MTV potential for growth 8% of vanadium consum
Slide 10: Critical mineral and battery mineral
Vanadium Markets Critical mineral • Vanadium’s use in alloyed steel for aerospace makes it a critical mineral • There is no acceptable substitute for vanadium in aerospace titanium alloys • Alloys containing vanadium are used in virtually every jet aircraft – from jet engine components to high-speed
Slide 11: Sustainability
Sustainability Steel Using vanadium microalloyed steel can result in a reduction of the total global carbon footprint by as much as 0.385%* due to: • Increased strength of steel resulting in less steel required • Less steel required means less manufacturing of steel, with related energy use and carb
Slide 12: Growth in energy storage and solar
Global energy storage market Growth in energy storage and solar • According to IHS Markit, annual battery storage installations will exceed 10GW/28GWh in 2021. • Combined solar and storage will be a core focus for new deployment in 2021. • Strong growth in solar and both new and retrofitted storage
Slide 13: The Australian Vanadium Project
The Australian Vanadium Project
Slide 14: The Australian Vanadium Project Overview
The Australian Vanadium Project Overview High quality vanadium titanium magnetite (VTM) deposit TOTAL RESOURCE MASSIVE HIGH-GRADE ZONE 208 Mt 0.74% V2O5 87.9 Mt 1.06% V2O5 32.1 Mt Reserve 1.05% V2O5 Proved 9.8Mt | Probable 22.4 Mt V2O5 PRODUCTION INITIAL MINE LIFE 25 years 24.3 Mlbs per annum (6,175
Slide 15: Resource Total Magnetic Intensity
The Australian Vanadium Project Resource Total Magnetic Intensity ASX: AVL 15
Slide 16: Mining Layout
The Australian Vanadium Project Mining Layout ASX: AVL 16
Slide 17: AVL's Innovative Approach
AVL’s Innovative Approach Vanadium processing flowsheet patent applied for Grate Kiln extractions of up to 94.9% Ammonium polyvanadate (APV) processing route demonstrated Extensive pilot study work completed on 20t of representative drill core Developing a 99.9% high-purity vanadium process and tita
Slide 18: Unique points of difference
The Australian Vanadium Project Overview Unique points of difference ‣ Experienced vanadium team ‣ Unique mineral resource and metallurgical characteristics ‣ Proven processing path with industry leading vanadium recovery using grate kiln ‣ Focus on innovation - CRC-P grant for vanadium research; pr
Slide 19: Current Key Objectives
Current Key Objectives Offtake Finance Environmental Agreements Maintain strong financial position Approval Complete secured offtake for 100% of through to construction Environmental approval for mine and vanadium products and FeTi Prequalification with financiers for concentrate facility submitted
Slide 20: VSUN Energy – Developing Vanadium Energy Storage Market in Australia
VSUN Energy – Developing Vanadium Energy Storage Market in Australia
Slide 21: VSUN Energy
Vanadium redox flow batteries VSUN Energy A Renewable Energy Company • VSUN Energy was launched by AVL in 2016 to target the energy storage market for vanadium redox flow batteries (VRFBs). • VSUN Energy supplies VRFBs for all market segments including utility, commercial and industrial, mining, agr
Slide 22: Why use the VRFB for energy storage?
VSUN Energy Why use the VRFB for energy storage? An energy Lifespan of over The VRFB is non- Can charge and The vanadium battery, able to Easy to scale by 20 years with no flammable, discharge electrolyte in a store large adding modules or cycle-life making it safer simultaneously, VRFB can reused a
Slide 23: Agreements and MOUs
VSUN Energy Agreements and MOUs VRFB sales and vanadium electrolyte supply ‣ Enerox GmbH, manufacturer of the CellCube VRFB which offers systems from 250kW/1MWh and upwards ‣ CEC VRFB, a Chinese VRFB manufacturer with an Australian grid-compliant residential system ‣ V-Flow Tech, a Singaporean manuf
Slide 24: Residential Battery
VSUN Energy Residential Battery Manufacturing in Australia • VSUN Energy has procured a 5kW/30kWh VRFB from CEC VRFB in China. • Electrical testwork is underway, with feedback being provided to the manufacturer. • Local manufacturer CADDS Group has undertaken design work, with one of the prospective
Slide 25: Downstream revenue opportunities for AVL
VSUN Energy Downstream revenue opportunities for AVL Vanadium Electrolyte Vanadium electrolyte (produced from high purity vanadium) is in short supply ‣ Low levels of investment in refining V2O5 and electrolyte production ‣ Investment needed in VRFB market development and electrolyte production incr
Slide 26: Vanadium in electrolyte – market implications
Vanadium in electrolyte – market implications 145g/l V2O5 in H2SO4 at 1.6 molar Estimated VRFB installs @10% 1GWh V2O5 required to supply VRFB 10kt 9.89t Amount of V2O5 used in 1MWh demand Projected global annual energy Current annual global production 140kt 11GWh storage per year of V2O5 equivalent
Slide 27: Contact AVL
Contact AVL +61 (08) 9321 5594 info@australianvanadium.com.au Level 1, 85 Havelock Street West Perth, Western Australia 6005 Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 27
Slide 28: Additional Information
Additional Information
Slide 29: Vanadium Price
Vanadium Markets Vanadium Price Long-Term Price Long-term average price for commodity grade V2O5 is $8.67/lb (inflated to 2017 USD) ‣ High purity V2O5 is typically sold at a premium to the commodity price Vanadium Market Analysis ‣ Consumption of vanadium has started to rise above production globall
Slide 30: Resource Table
The Australian Vanadium Project Resource Table Material JORC Resource Class Million Tonnes V2O5 % Fe % TiO2 % SiO2 % Al2O3 % LOI % High Grade Measured 10.1 1.14 43.9 13.0 9.2 7.5 3.9 Indicated 25.1 1.10 45.4 12.5 8.5 6.5 2.9 Inferred 52.7 1.04 44.6 11.9 9.4 6.9 3.3 Subtotal – High Grade 87.9 1.06 44
Slide 31: Reserve Table
The Australian Vanadium Project Reserve Table Ore Reserve Ore Reserve Million Tonnes V2O5 % Fe2O3 % TiO2 % SiO2 % LOI % V2O5 production kt Ore Reserve Million Tonnes Proved 9.8 1.08 59.9 12.4 8.7 3.5 63.2 Waste 244.5 Probable 22.4 1.04 61.7 11.8 8.3 2.8 158.9 Total Material 276.7 Total Ore 32.1 1.05
Slide 32: Bryah Resources Base Metals
The Australian Vanadium Project Bryah Resources Base Metals AVL retains the rights to the Cobalt and has a 7.14% shareholding in BYH Mineral Million Tonnes Nickel Nickel Copper Copper Cobalt Cobalt Resource ppm tonnes ppm tonnes ppm tonnes Indicated 17.7 760 13,451 205 3,636 229 4,055 Inferred 13.6
Slide 33: Updated 2020 PFS Comparison
The Australian Vanadium Project Updated 2020 PFS Comparison Category Updated PFS (Dec 2020) Original PFS (Dec 2018) Change Mine Life 25 years 17 years 8 years Mineral Resource 208.2Mt 183.6Mt 24.6Mt Ore Reserve 32.1Mt @ 1.05% V2O5 18.24Mt @1.04% V2O5 13.86Mt Magnetic concentrate produced pa 90
Slide 34: Contact AVL
Contact AVL +61 (08) 9321 5594 info@australianvanadium.com.au Level 1, 85 Havelock Street West Perth, Western Australia 6005 Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 34
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