Australian Vanadium Limited · ASX:AVL
Australian Vanadium — Paydirt Battery Minerals Conference 2018
27 slides from Australian Vanadium's conference presentation, March 2018
Slide 1: Vanadium in Energy Storage
Vanadium in Energy Storage March 2018
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. COMMENT It is common practice for a com
Slide 3: Gabanintha on pathway to vanadium production
Gabanintha on pathway to vanadium production Company ▪ ASX listed company since 2008. Vanadium Markets ▪ Vanadium price on long term uptrend as traditional steel markets actively seek new sources of long term supply. ▪ Focus offers leverage to rising vanadium prices and new applications in energy st
Slide 4: Corporate Snapshot
Corporate Snapshot Key Statistics (as at 13-3-18) Ordinary shares on issue 1,526m Listed Options (ex at 2c exp Dec 393.46m 2018) AVLO Share price AUD $0.057 Market capitalisation (undiluted) A$86m (Cash ~A$3m) Shareholders 5,660 Substantial Shareholders % holding J P Morgan Nominees 3.52 % Managemen
Slide 5: Management
Management At Australian Vanadium Ltd our management is committed to fast-track this significant global resource. Our team brings together experts in geoscience, mining, chemical engineering, marketing and corporate governance and has an extensive vanadium network and knowledge. Within a reliable Au
Slide 6: Project location in well developed mining region
Project location in well developed mining region Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 6
Slide 7: Vanadium Markets
Vanadium Markets Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 7
Slide 8: Vanadium Markets - Steel
Vanadium Markets - Steel Despite reduced rate of steel production, demand for vanadium continues to grow. Steel remains a price driver for vanadium. ▪ Steel is the primary market (92% of vanadium consumption) ▪ Addition of 0.2% vanadium increases steel strength up to 100% and reduces weight up to 30
Slide 9: Vanadium Markets - Steel
Vanadium Markets - Steel Global inventory levels are decreasing as evidenced by rising prices over the past three years. ▪ Ferrovanadium prices in China have risen to about $62 per kilogram ▪ Vanadium pentoxide prices have risen to $14/lb* ▪ Vanadium prices close to six times higher than 2016* ▪ Sup
Slide 10: Vanadium Markets - Overview
Vanadium Markets - Overview In 2017 (based on three quarter actual results annualized) vanadium consumption exceeded production by more than 9,000 MTV, or over 10% of the market. Global Vanadium Production vs Consumption 95000 90000 85000 Shortage 9,309 MTV MTV 80000 75000 70000 65000 2011 2012 2013
Slide 11: Vanadium Markets – Energy Storage
Vanadium Markets – Energy Storage Unique characteristics of Vanadium Redox Flow Batteries (VRFBs) ▪ Flow battery technology is well established and at commercial deployment status ▪ VRFBs provide a way to store and re-supply renewable energy. Their very high capacity is ideal for large-scale energy
Slide 12: Vanadium Markets – Energy Storage
Vanadium Markets – Energy Storage Defining the space for flow battery technology VRFBs have the unique ability to significantly time-shift very large amounts of previously generated energy. Source: GILDEMEISTER Energy Storage Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 12
Slide 13: Energy Storage Market Beckons in Australia
Energy Storage Market Beckons in Australia Can VRFBs be the ultimate grid energy storage solution for Australia? ▪ Rising power costs: VRFBs can reduce power bills by peak/off-peak shifting and demand management ▪ Australia has world’s most extended networks - many fringe-of-grid and off-grid opport
Slide 14: Flow Battery Installation Completed
Flow Battery Installation Completed Rural site benefitting from Solar PV plus CellCube VRFB to shift to 100% renewable energy self consumption. First opening into large Australian market. 14
Slide 15: Largest battery under construction in the world
Largest battery under construction in the world 200MW / 800MWh VRFB in Dalian, China Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 15
Slide 16: Value Addition in V-electrolyte
Value Addition in V-electrolyte Vanadium electrolyte production at the source de-risks and adds options ▪ Vanadium electrolyte is battery “fuel” ▪ Mild acid solution of V2O5 with all oxidation states available for electron transfer ▪ Can be produced in stand-alone plant or as part of mine process ▪
Slide 17: Vanadium in electrolyte – Market implications
Vanadium in electrolyte – Market implications 145g/l V₂O₅ in H₂SO₄ at 1.6 molar Amount of V₂O₅ used in 1MWh 9.89t energy storage per year 11GWh Projected global annual Estimated VRFB installs @ 10% 1GWh V₂O₅ per year needed to supply VRFB demand 10kt Current annual global production of V₂O₅ equivale
Slide 18: Globally Significant Project
Globally Significant Project Gabanintha Vanadium Project in Western Australia Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 18
Slide 19: Project Highlights Gabanintha
Project Highlights Gabanintha Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 19
Slide 20: Gabanintha Vanadium Project
Gabanintha Vanadium Project High grade resource in favourable mining jurisdiction - Murchison, Western Australia One of the highest-grade vanadium deposits being advanced globally ▪ The Mineral Resource includes a distinct massive magnetite high-grade zone of 92.8 Mt at 0.96% V2O5 consisting of: • M
Slide 21: Gabanintha Vanadium Project
Gabanintha Vanadium Project Deposit identified over 11km drilled strike length. Good access to infrastructure. Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 21
Slide 22: Gabanintha Vanadium Project
Gabanintha Vanadium Project Discrete high-grade zone, simple geometry, suitable for open pit mining Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 22
Slide 23: Vanadium Resource
Vanadium Resource Resource Table Material JORC Resource Class Million Tonnes V2O5 % Fe% TiO2 % SiO2 % Al2O3 % LOI% High grade Measured 10.2 1.06 41.6 12 11.6 8.6 4.2 Indicated 4.8 1.04 41.9 11.5 12 8 3.6 Inferred 77.8 0.94 41.2 10.7 12.7 7.9 3.3 Subtotal High Grade 92.8 0.96 41.3 10.9 12.6 8 3.4 Low
Slide 24: Metallurgical Test Work
Metallurgical Test Work ▪ New test work delivering excellent early results – work ongoing ▪ Metallurgy and economics focused on opportunities presented by exceptional high grade ore horizon (92Mt at 0.96% V2O5, 15Mt at 1.05% V2O5 Measured and Indicated Resources) ▪ Fresh material high mass recovery
Slide 25: Gabanintha Vanadium Project
Gabanintha Vanadium Project Conventional Salt Roast – Aqueous Leach - Proposed Process Flowsheet Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 25
Slide 26: Gabanintha Forward Plan
Gabanintha Forward Plan • Appointment of vanadium industry expert Daniel Harris to the Board of AVL brings key expertise and relationships to execute project. • Appointment of globally recognised consultants Wood Group to manage test programmes and circuit design. • Detailed metallurgical test work
Slide 27: The World's Next High Grade Vanadium Mine
Vincent Algar | Managing Director info@australianvanadium.com.au australianvanadium.com.au +61 (8) 9321 5594 Level 1, 85 Havelock Street West Perth Western Australia 6005 The World’s Next HIGH GRADE Vanadium Mine Australian Vanadium Limited | ASX: AVL
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