Investor Presentaiton

Progressing the project to production Australian VANADIUM LIMITED wwwwww Delivered BFS completed (pre-merger basis) Mining Leases approved Completion of large-scale process plant pilot programs Board and management team established for project execution ☑ Australian government grant agreement for up to $49 million executed 1.2GL pa water licence for proposed processing plant granted Merger to deliver project synergies Next steps Project Integration Offtake Combined Mineral Resource update (April target) Project development strategy update (CY24Q2 target) Publish integrated Optimised Feasibility Study (OFS) Approvals Progress approvals including EPA and Traditional Owner agreement Finalise permitting of proposed Tenindewa processing hub site Secure bankable vanadium offtake including option for project finance Secure iron titanium coproduct offtake agreements Secure ilmenite offtake agreements Finance Progress discussions with Government debt and export finance agencies Additional grant milestone payments Deliver final investment decision Corporate Presentation | March 2024 | ASX:AVL 9

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