Australian Vanadium Limited · ASX:AVL
Australian Vanadium — Paydirt Battery Minerals Conference 2022
42 slides from Australian Vanadium's conference presentation, April 2022
Slide 1: Vanadium: Your 24/7 Battery Mineral
VANADIUM YOUR 24/7 BATTERY MINERAL Paydirt Battery Minerals Conference | April 2022 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 deposit und
Slide 3: Corporate Overview: Australian Vanadium
C O R P O R AT E O V E R V I E W Australian Vanadium K E Y S TAT I S T I C S A S AT 4 / 3 / 2 2 Ordinary Shares on Issue 3.34b Share Price A$0.105 Options on Issue 505,481,044 Exp 18/12/22 @ $0.025 Option Price (AVLO) A$0.072 Average Daily Traded Volume 39M (~$769k) Market Cap (Undiluted) A$350.8M S
Slide 4: Experienced Corporate Team
C O R P O R AT E O V E R V I E W Experienced Corporate Team International vanadium credentials Over 10 years of experience chairing Has over 25 years of experience Over 40 years of global vanadium public and private companies post in the mining industry, spanning experience including processing exte
Slide 5: Experienced Technical Team
C O R P O R AT E O V E R V I E W Experienced Technical Team 20 years of experience in Responsible for drilling and More than 20 years of resource development in WA field safety programs at the experience in multi across multiple commodities. Australian Vanadium Project. commodity metallurgy with Und
Slide 6: $49 Million grant from Australian Government
$49 Million grant from Australian Government Grant provides international investor confidence and reduces overall Project funding requirements In March 2022 AVL was awarded a $49M grant from the Australian Government towards developing the Australian Vanadium Project. The grant has been provided to
Slide 7: Bankable Feasibility Study
Bankable Feasibility Study AVL releases BFS allowing formal financial due diligence to progress • Significant primary vanadium producer targeting • Level of study provides a basis for engagement with critical mineral, steel and energy storage markets financing institutions including NAIF, Export Fin
Slide 8: Our Partners
ASX:AVL Our Partners ra EY Fated ALS Business stry, Science, Cooperative Research Centres Program | panera YY US VANADIUM | FUTURE i= BATTERY Ss GOLDER PRIM=RO_ Metso:Outotec ts INDUSTRIES «x g es CelliCUbeE EGaantThornton WOOD, jie, eh oN + —4 =E22 Dies TECH cH Re GOVERNMENT OF BUREAU 2 MINE CONSUL
Slide 9: Strong ESG Focus
ASX:AVL Strong ESG Focus Green hydrogen and renewable energy to reduce Scope 1 emissions Green hydrogen strategy ▸ Natural gas feed blend for the processing plant – collaborating with ATCO Australia. ▸ Power generation. ▸ Minesite and long-distance haulage vehicles. ▸ Ore reduction process. ▸ VRFBs
Slide 10: ESG in Action
ASX:AVL ESG IN ACTION Community Partners Early community engagement has provided a strong start for the Project. Community Partners ▸ AVL is working with the Yugunga-Nya People to provide employment opportunities and help build a brighter future for the younger members of the group. ▸ AVL is a proud
Slide 11: Our Markets
Our Markets 11
Slide 12: Vanadium Markets
Vanadium Markets 92% 7% 1% A S X : AV L 12
Slide 13: Global Vanadium
Global Vanadium 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 13
Slide 14: Vanadium Price
VA N A D I U M M A R K E T S Vanadium Price Long-Term Price ‣ Long-term average price for commodity grade V2O5 is $9/lb (inflated to 2020 USD) ‣ High purity V2O5 is typically sold at a premium to the commodity price ‣ AVL favours price of US$10.50/lb considering strong current pricing and growing fu
Slide 15: Projected impact of energy storage on demand
VA N A D I U M M A R K E T S Projected impact of energy storage on demand 300,000 250,000 200,000 Current global production ~118,000 150,000 MTV per MTV annum 100,000 AVL’s planned 50,000 production 6,270 MTV per annum - 2020 2021e 2022e 2023e 2024e 2025e 2026e 2027e 2028e 2029e 2030e Steel Energy S
Slide 16: Production expansion between 2020 - 2025
VA N A D I U M M A R K E T S Production expansion between 2020 - 2025 • TTP Squared’s forecast assumes significant new capacity in the coming years, with some coming from spent catalyst. • Forecast assumes 4,000 MTV of new production from new primary vanadium mines such as the Australian Vanadium Pr
Slide 17: The Australian Vanadium Project
THE AUSTRALIAN VANADIUM PROJECT 17
Slide 18: Project Location
Infrastructure – port, water, gas, rail, road, power, airport Access to local workforce Abundant renewable energy resources The Australian Vanadium Project Project Location 18
Slide 19: Resource Total Magnetic Intensity Section
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 Resource Total Magnetic Intensity Section A S X : AV L 19
Slide 20: Mining Layout
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 Layout A S X : AV L 20
Slide 21: Nickel, Copper and Cobalt from tails stream
C O L L A B O R AT I O N W I T H B R YA H R E S O U R C E S L I M I T E D ( A S X : B Y H ) Nickel, Copper and Cobalt from tails stream • Bryah holds a suite of mineral rights including nickel, copper and gold over the Australian Vanadium Project at Gabanintha • AVL holds the mineral rights to vanad
Slide 22: Key Project Differentiators
IN SUMMARY Key Project Differentiators In one of the world's most attractive Strong ESG focus embedded from jurisdictions for mining and mineral outset of Project investment Massive high grade orebody and Deploying technologies developed production of ultra-high >99.5% to drive operational efficienc
Slide 23: Project Metric Highlights
Project Metric Highlights 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-PRODUCTION Proved 10.5Mt @1.11% V2O5 Probable 20.4
Slide 24: VSUN Energy and the battery market
VSUN Energy and the battery market
Slide 25: AVL and VSUN Energy
VA N A D I U M I N E N E R G Y S T O R A G E AVL and VSUN Energy VSUN Energy was launched by AVL in 2016 to grow the vanadium redox flow battery (VRFB) market in Australia. VSUN Energy offers clients VRFBs from a range of manufacturers and is developing locally manufactured vanadium electrolyte. 25
Slide 26: Why use the VRFB for energy storage?
VSUN ENERGY Why use the VRFB for energy storage? 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 and reused degradation in than other 100% depth of energy for later energy indefini
Slide 27: VSUN Energy Overview
VSUN ENERGY Overview VRFB sales and vanadium electrolyte supply • VSUN Energy supplies VRFBs for all market segments including utility, commercial and industrial, mining, standalone power systems and rural residential. • Independence Group (ASX: IGO) to trial a standalone power system based on a 300
Slide 28: VRFBs – long duration energy storage
VSUN ENERGY VRFBs – long duration energy storage 10kW for 10 hours 200kW for 4 hours 15MW for 4 hours 5kW for 6 hours 28
Slide 29: VRFBs provide a technology pathway to net-zero
VRFBs PROVIDE A TECHNOLOGY PATHWAY, AVAILABLE TODAY, TO TARGET NET-ZERO EMISSIONS USING 100% GENERATED AND STORED RENEWABLE ENERGY 24/7 29
Slide 30: Project Delivery
Project Delivery 30
Slide 31: Vertical Vanadium Integration
A S X : AV L VERTICAL VANADIUM INTEGRATION FOR ENERGY & PROCESSING STORAGE 31
Slide 32: 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 • Vanadium electrolyte plant being built at Kwinana industrial area, south of Perth • Partly funded by Australian Government manufacturing grant of $3.69M • Vanadium electrolyte technology provided by U.S. Vanadium LLC
Slide 33: Pit, Beneficiation Plant and Processing 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 Pit, Beneficiation Plant and Processing Plant A S X : AV L 33
Slide 34: 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 Planned Completed Ongoing Priorities 2022 Planned 2022/3 ✓ Exploration success – large high quality VTM ‣ BFS completion ‣ Key funding partner selection and resource financial close ‣ Financing and resource bank ✓ Resourc
Slide 35: Australian Vanadium Project In Summary
A S X : AV L IN SUMMARY Australian Vanadium Project Right People Right Project The Australian Vanadium Project is a International vanadium experience, globally significant resource, strong skilled knowledgeable technical and business fundamentals, long mine life commercial team and focuses on more t
Slide 36: Contact details
+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
Slide 37: Resource Table
GEOLOGY & MINING Resource Table DOMAINS CATEGORY Mt V2O5 % Fe % TiO2 % SiO2 % Al2O3 % LOI % Measured 11.3 1.14 43.8 13.0 9.2 7.5 3.7 Indicated 27.5 1.10 45.4 12.5 8.5 6.5 2.9 HG 10 Inferred 56.8 1.04 44.6 11.9 9.4 6.9 3.3 Subtotal 95.6 1.07 44.7 12.2 9.1 6.8 3.2 Measured - - - - - - - Indicated 54.9
Slide 38: Ore Reserve Table
GEOLOGY & MINING Ore Reserve Table . The updated Ore Reserve for the Australian Vanadium Project 2022 Bankable Feasibility Study is detailed in the table below. V2O5 Ore Reserve Mt V2O5% Fe2O3% TiO2% SiO2% LOI% Ore Reserve Mt production kt Proved 10.5 1.11 61.6 12.8 9.5 3.7 70.9 Waste 238.5 Probable
Slide 39: Offtake status - Vanadium
Offtake status - Vanadium HBIS - Hebei Yanshan Vanadium and Titanium Industry Technology Research Co Ltd, a subsidiary of HBIS Group Chengsteel in China, one of the world’s largest steelmakers ▸ Letter of Intent to negotiate and sign a binding technical services and vanadium purchase agreement U.S.
Slide 40: FeTi coproduct after vanadium extraction
FETI COPRODUCT MARKETS FeTi coproduct after vanadium extraction • 3.5mm crushed FeTi pellet ready for shipping “as is” after vanadium extraction • Fe 55%, TiO2 15% material has established market in Chinese blast furnaces. • Used as blast furnace refractory protection • Unique sale opportunity for A
Slide 41: Offtake status – FeTi coproduct
Offtake status – FeTi coproduct Letters of Intent have been signed for offtake of iron titanium (FeTi) coproduct from the Australian Vanadium Project. ▸ Non-binding and record interest of the buyers to support Hebei Province the Project and to negotiate and agree a binding ore sale contract. ▸ AVL h
Slide 42: Contact details
+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
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