Australian Vanadium Limited · ASX:AVL

Australian Vanadium — Investor Presentation (January 2018)

32 slides from Australian Vanadium's investor presentation, January 2018

  1. Slide 1: The World’s Next High Grade Vanadium Mine

    The World’s Next HIGH GRADE Vanadium Mine January 2018

  2. Slide 2: Slide 2

  3. Slide 3: 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

  4. Slide 4: AVL Highlights

    AVL Highlights  Vanadium focused ASX listed company  Actively advancing a new, long-life vanadium project at Gabanintha in Western Australia  Significant project with large, high-grade Measured, Indicated and Inferred resources  Traditional steel markets actively seeking new sources of long term

  5. Slide 5: Gabanintha Vanadium Project

    Gabanintha Vanadium Project One of the highest grade vanadium deposits being advanced globally, having a Mineral Resource of:  92.8Mt Massive High Grade Zone at 0.96% V₂O₅  As part of a total 179.6Mt at 0.75% vanadium pentoxide (V₂O₅), extending over 11km of strike  Australian Vanadium Limited |

  6. Slide 6: Investment Highlights

    Investment Highlights Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 6

  7. Slide 7: AVL Share Price History

    AVL Share Price History Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 7

  8. Slide 8: Investment Highlights

    Investment Highlights Key Statistics (as at 16-1-18) Ordinary shares on issue 1,497m Listed Options (ex at 2c exp Dec 2018) AVLO 402.8m Share price AUD $0.048 Market capitalisation (undiluted) A$74.9m (Cash ~A$3m) Shareholders 4,177 Substantial Shareholders % holding JP Morgan Stanley Australian Lim

  9. Slide 9: Vanadium Markets

    Se yy “AE ; j Australian LIMITED Vanadium Markets

  10. Slide 10: 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 primary market (92% of vanadium consumption)  Addition of 0.2% vanadium increases steel strength up to 100% and reduces weight up to 30% St

  11. Slide 11: 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 $60 per kilogram and to about $43 per kilogram in Europe  Vanadium pentoxide prices have risen to $9.50/lb* and as high as $13

  12. Slide 12: Vanadium Markets - Overview

    Vanadium Markets - Overview In 2017 (based on first half actual results annualized) vanadium consumption will exceed production by more than 8,000 MTV, or 10% of the market. Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 12

  13. Slide 13: Vanadium Peer Comparison

    Vanadium Peer Comparison Gabanintha a globally significant deposit on grade and tonnage basis Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 13

  14. Slide 14: Vanadium Peer Comparison

    Vanadium Peer Comparison Market Capitalistion vs contained vanadium pentoxide (V2O5) Vanadium Resource Company Peer Comparison Contained V2O5 Market Cap (AUD) In Situ V2O5 Tons and Grade 2.50 $800.00 $683.62 $683.62 $700.00 2.00 $600.00 In-Situ V2O5 Tons (Millions) 1.50 $500.00 $400.00 1.00 $244.59

  15. Slide 15: Globally Significant Project

    Globally Significant Project Gabanintha Vanadium Project in Western Australia 15

  16. Slide 16: 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

  17. Slide 17: 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 17

  18. Slide 18: 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 18

  19. Slide 19: 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

  20. Slide 20: Metallurgical Test Work

    Metallurgical Test Work Prior studies strongly support further work  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 Ore)  High mass recovery from all high grade ores, including oxidise

  21. Slide 21: Proposed Process Flowsheet

    Gabanintha Vanadium Project Proposed Process Flowsheet Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 21

  22. Slide 22: Mine to Market

    Mine to Market  Simple, safe and reliable transport from our Australian fully owned vanadium resource  Road transport option from Gabanintha to Geraldton Port  Possibility for initial shipment of 1.5% V2O5 ore concentrate in good market conditions  Potential to further process to final vanadium

  23. Slide 23: Timelines

    Timelines  Project feasibility study and approval applications during 2018  Mine financing and construction planned for 2019  First production of V2O5 ore concentrate planned for 2019/20 (subject to approvals, funding and market conditions) 2018-2020 PFS (Concentration Plant Marketing, Offtakes &

  24. Slide 24: Vanadium Markets – Energy Storage

    Vanadium Markets – Energy Storage “Energy storage has the potential to transform our entire energy system.” Clean Energy Australia Australian Vanadium Limited | ASX: AVL australianvanadium.com.au 24

  25. Slide 25: Vanadium Markets – Energy Storage

    Vanadium Markets – Energy Storage Unique characteristics of Vanadium Redox Flow Batteries (VRBs)  Flow battery technology is well established and at commercial deployment status  VRBs provide a way to store and re-supply renewable energy. Their very high capacity is ideal for large-scale energy st

  26. Slide 26: Vanadium Markets – Energy Storage

    Vanadium Markets – Energy Storage Defining the space for flow battery technology VRBs 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 26

  27. Slide 27: Redox Battery Market Beckons in Australia

    Redox Battery Market Beckons in Australia Can VRBs be the ultimate grid energy storage solution for Australia?  Rising power costs: VRBs 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 opportunit

  28. Slide 28: Management

    Management At Australian Vanadium Ltd our management are 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. Within a reliable Australian mini

  29. Slide 29: Gabanintha Forward Plan

    Gabanintha Forward Plan • Previous (2016) Concept Engineering Study and pit optimisation satisfied Board to advance with definitive studies. • Appointment of vanadium industry expert Daniel Harris to the Board of AVL brings key expertise and relationships to execute project. • Previous metallurgical

  30. Slide 30: Summary

    Summary The World’s Next High Grade Vanadium Mine At Australian Vanadium we believe we have the opportunity to be the world’s next vanadium mine. Our Gabanintha project is world class and in the top few deposits for size and high grade. Located in what’s considered one of the world’s best mining jur

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  32. Slide 32: Vincent Algar | Managing Director

    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 Australian Vanadium Limited | ASX: AVL

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