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Investor Presentaiton

Global VFB roll-out led by China - increasing in scale to GWh VFB proven technology with over 200 operational batteries globally At least 45 countries have VFBS operating or under construction 120 Global VFB projects Australian VANADIUM LIMITED 87 Announced VFB projects China accelerating roll out with over 52 VFBs under construction or approved 600MWh average battery size in Chinese VFB pipeline 100 GWh 80 60 60 60 40 40 208 VFBs in operations 51 VFBs under construction 0 Operational Under construction Announced Source: Vanitec China launching grid scale rollout with VFBs forecast to reach 15-20% of Recent announcements from China indicate the potential for 180 GWh of VFB deployment by 2030, installed battery storage by requiring 1.4 million tonnes 2025 of V205 20 20 Source: FerroAlloy Net Corporate Presentation | March 2024 | ASX:AVL 17
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