Australian Vanadium Limited · ASX:AVL
Australian Vanadium — Investor Presentation (June 2019)
20 slides from Australian Vanadium's investor presentation, June 2019
Slide 1: The Australian Vanadium Project Corporate Presentation
The Australian Vanadium Project Corporate Presentation June 2019 | ASX: AVL
Slide 2: Disclaimer
DISCLAIMER The views expressed in this presentation contain information derived from publicly available sources that have not been indep endently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. COMPETENT PERSON REFERENCES Competent
Slide 3: Developing the Globally Significant High-Grade Australian Vanadium Project
Developing the Globally Significant High-Grade Australian Vanadium Project ➢ Pre-feasibility study completed showing strong economic fundamentals ➢ Definitive study well underway with a highly experienced vanadium expert team 3 ASX: AVL
Slide 4: Investment Highlights
Australian Vanadium Limited Investment Highlights • Globally significant project with high-grade Resources and Reserves hosted in magnetite-bearing At a vanadium price of US$13/lb, the rocks project has a post-tax NPV₈% of • Pre-feasibility study completed with strong economic fundamentals through a
Slide 5: Expert Vanadium Team
Expert Vanadium Team Vanadium expertise separates AVL from other explorers At Australian Vanadium Limited, 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 h
Slide 6: Expert Vanadium Team
Expert Vanadium Team Vanadium expertise separates AVL from other explorers AVL is supported by a group of highly skilled external consultants which includes: ASX: AVL 6
Slide 7: The Australian Vanadium Project
The Australian Vanadium Project 7 ASX: AVL
Slide 8: The Australian Vanadium Project in active mining region close to road, rail, port and gas
The Australian Vanadium Project Project in active mining region close to road, rail, port and natural gas WA ranked 2nd in the list of world’s best mining investment locations 8 ASX: AVL
Slide 9: Tenure and Location Plan
The Australian Vanadium Project Tenure and LocationPlan 11.5km of known mineralisation under 100% AVL control 9 ASX: AVL
Slide 10: Geology
The Australian Vanadium Project Geology • Bushveld-type VTM deposit, drilled over 11km of AVL controlled strike • AVL holds significant ground position for project development • Highly consistent geology over 11.5km of AVL controlled strike • Massive magnetite averaging 15–20m in true thickness 10 A
Slide 11: Highlights
Highlights • Plant Capital US$260M (±25%) • Total project cost $US$354M • Production rate of 22.5Mlb V₂O₅ or 5,650MTV • Ability to produce high purity V₂O₅ powder for superalloys and energy storage • 17-year initial mine life defined, potential for extension • Resource strike covers 11km, current mi
Slide 12: ASX: AVL
ASX: AVL 12
Slide 13: Pilot Scale Testwork
Pilot Scale Testwork • Pilot scale metallurgical test program on 30 tonnes underway • Standard V2O5 product of 99.4% purity • Improvements reported increasing PFS vanadium yields by 6% to 94%, using key processing improvements (pelletising and APV) • Life-of-mine blends and recoveries being tested t
Slide 14: Social Responsibility
Social Responsibility Alongside the legal responsibilities for native title claims and environmental regulations, AVL is keen to ensure that its mining activities in the Meekatharra region bring additional benefits to the community AVL sponsors the Stephen Michael Foundation which helps to engage ch
Slide 15: Path Forward
The Australian Vanadium Project Path Forward ✓ Completion of PFS, options studies, Mineral Reserve – completed December 2018 ✓ Pilot Study sample collection (30t) – commenced January 2019 • Pilot Study, Environmental Impact Studies, Heritage review – August 2019 • Financing – partnership agreement /
Slide 16: Path Forward
The Australian Vanadium Project Path Forward Pilot Study and Definitive Feasibility Study (DFS) components Construction ✓Completion of Order long lead PFS/Options time equipment Studies (±25%) costing 2018 2019 2020 2021 2022 Front End Startup, commissioning Obtain financing Engineering and ramp-up
Slide 17: Vanadium Markets
Vanadium Markets Vanadium supply for steel currently in deficit, new markets for energy storage rapidly expanding • Demand projections indicate market to remain in deficit in all sectors • Increased demand from vanadium redox flow batteries (VRFBs) and other energy applications growing exponentially
Slide 18: Status of VRFB market
Status of VRFB market Vanadium price rises have led to innovations from manufacturers, with new entrants also entering the market • Stack technology advancements, utilising welded stack technology • Leasing of electrolyte, reducing capex and transferring some of the cost to opex • Changing power to
Slide 19: AVL Project Summary
AVL Project Summary ✓ High-grade VTM deposit ✓ Conventional vanadium processing route ✓ Strong project economics ✓ 30 Tonne pilot scale study well underway ✓ Team highly experienced in vanadium processing ✓ Offers exposure to steel and energy storage markets ✓ Ongoing studies to de-risk and improve
Slide 20: Contact Us
Contact Us +61 (08) 9321 5594 info@australianvanadium.com.au Level 1, 85 Havelock Street West Perth, Western Australia 6005 www.australianvanadium.com.au Australian Vanadium Limited | ASX: AVL
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