Australian Vanadium Limited · ASX:AVL
Australian Vanadium — Diggers and Dealers 2022
26 slides from Australian Vanadium's conference presentation, Aug 1, 2022
Slide 1: Diggers and Dealers 2022
For personal use only DIGGERS AND DEALERS 2022 August 2022 ASX:AVL
Slide 2: ASX Chapter 5 Compliance and Cautionary and Forward-Looking Statements
ASX CHAPTER 5 COMPLIANCE AND CAUTIONARY AND FORWARD- LOOKING STATEMENTS For personal use only 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, comp
Slide 3: Corporate Overview
A S X : AV L C O R P O R AT E O V E R V I E W Australian Vanadium AVL SHARE PRICE HISTORY (22/7/2022) For personal use only KEY STATISTICS AS AT 22/07/22 Ordinary Shares on Issue 3.94b Share Price A$0.041 Options on Issue 355,385,353 Exp 18/12/22 @ $0.025 Option Price (AVLOA) A$0.017 Average Daily T
Slide 4: Executive Summary
A S X : AV L A U S T R A L I A N VA N A D I U M L I M I T E D Executive Summary For personal use only Attractive Economics Front End Engineering Highest Grade and Contractor The Australian Vanadium Project is located Recently announced Bankable Feasibility CMB EPC and Processing Plant EPCM near Meek
Slide 5: Vanadium Markets
A S X : AV L Vanadium Markets For personal use only 92% 6% 2% 5
Slide 6: Global Vanadium Dominated by China and Russia
A S X : AV L Global Vanadium Dominated by China and Russia For personal use only 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 6
Slide 7: Projected energy storage growth to shift demand
A S X : AV L VA N A D I U M M A R K E T S Projected energy storage growth to shift demand For personal use only 250,000 Current 200,000 global production ~118,000 MTV per annum 150,000 MTV 100,000 AVL’s planned 50,000 production 6,270 MTV per annum - 2020 2021 2022e 2023e 2024e 2025e 2026e 2027e 202
Slide 8: Why use the VRFB for energy storage?
VSUN ENERGY Why use the VRFB for energy storage? For personal use only Vanadium Lifespan over Non-flammable Multiple daily Able to store Easy to scale electrolyte can 20 years with no making it safer cycles, with large amounts power and be reused degradation in than other 100% depth of energy for en
Slide 9: Experienced Corporate Team
A S X : AV L C O R P O R AT E O V E R V I E W Experienced Corporate Team International vanadium credentials For personal use only 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 e
Slide 10: Experienced Technical Team in Place and Growing
A S X : AV L C O R P O R AT E O V E R V I E W Experienced Technical Team in Place and Growing For personal use only 20 years of experience in Responsible for drilling and More than 20 years resource development in WA field safety programs at the of experience in multi across multiple commodities. Au
Slide 11: Strong ESG Focus: Carbon emissions intensity
A S X : AV L ESG IN ACTION Strong ESG Focus For personal use only Carbon emissions intensity of global vanadium production operations Evraz Highveld Steel & Vanadium co-production 39 (historical) China-based recovery from vanadium slag 33 Largo Resources Ltd - Menchen Mine 9 The vanadium produced by
Slide 12: Strong ESG Focus: Community Partners
AA SXS :X :AV AVLL ESG IN ACTION Strong ESG Focus For personal use only 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 supporter of the Stephen Michael Foundati
Slide 13: Strong ESG Focus: Governance and Renewable energy strategy
A S X : AV L ESG IN ACTION Strong ESG Focus For personal use only Governance Renewable energy strategy ▸ Experienced and competent Board of Directors ▸ AVL will utilise renewable energy resources on its sites ▸ Tight adherence to ASX listing rules ▸ Use of solar and/or wind generation at the minesit
Slide 14: The Australian Vanadium Project
For personal use only THE AUSTRALIAN VANADIUM PROJECT 14
Slide 15: The Australian Vanadium Project Location
For personal use only Unique FeTi Co Product sales opportunity Infrastructure – port, water, gas, rail, road, power, airport Access to local workforce Abundant renewable energy resources The Australian Vanadium Project Project Location 15
Slide 16: Recent BFS – Robust Project Metrics
A S X : AV L Recent BFS – Robust Project Metrics For personal use only 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-PRODU
Slide 17: 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 For personal use only A S X : AV L Note: Information within this slide as detailed in ASX Announcement "Bankable Feasibility Study for Australian Vanadium Project" dated 6th April 2022. 17
Slide 18: Pit, Beneficiation Plant and Processing Plant
A S X : AV L 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 For personal use only 18
Slide 19: Project Delivery
For personal use only Project Delivery 19
Slide 20: Vertical Integration: Vanadium and Processing
A S X : AV L Vertical For personal use only Integration Vanadium & PROCESSING Production 20
Slide 21: Vanadium Electrolyte Plant
A S X : AV L 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 For personal use only • Vanadium electrolyte plant being built at Kwinana industrial area, south of Perth • Partly funded by Australian Government manufacturing grant of $3.69M • Vanadium electrolyte techn
Slide 22: 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 For personal use only 01 02 03 04 05 Final EPC/EPCM Financial BFS Investment Partnerships Close and Production Completed Decision Construction Bankable Securing debt Selection of Execute FEED, Australian Feasibility Study
Slide 23: In Summary
A S X : AV L IN SUMMARY Australian Vanadium Project For personal use only Expertise Timing Project Business Model International vanadium Increased vanadium Globally significant Vertically integrated experience, skilled consumption in the steel resource, strong approach, collaboration knowledgeable t
Slide 24: For personal use only
For personal use only +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 25: Geology & Mining: Resource table
A S X : AV L GEOLOGY & MINING Resource table For personal use only 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 Me
Slide 26: Geology & Mining: Ore Reserve Table
A S X : AV L GEOLOGY & MINING Ore Reserve Table For personal use only . The 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.