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Investor Presentaiton

Australian VANADIUM LIMITED Post merger: Delivering synergies Aim: To deliver the same volume of 6,270 MTV* per year, whilst optimising capital and operating costs, in addition to maximising project value + 1031 - Areas of project integration focus . • · Optimise orebody utilisation Improve concentrate quality Enhance processing steps Confirm most economic vanadium, titanium and magnetite products Other project activities ⚫ Finalise project debt, grant and equity finance • Confirm best offtake strategy • Conclude approvals Deepen our relationships and develop partnerships with Traditional Owners and the local communities * MTV is Metric Tonnes of Vanadium - 6,270 MTV is equivalent to 11,200 tonnes of V205 Corporate Presentation | March 2024 | ASX:AVL • QQQ Deliverables Resolve preferred project pathway • Complete combined Mineral Resource • Publish integrated OFS • Deliver final investment decision 6
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