Investor Presentaiton

Australian VANADIUM LIMITED Merger unlocks the orebody Opportunity to maximise economic return through access to high-grade areas of the orebody, which previously straddled the two projects 7 025 000mN 655 000mE 660 000mE Meekatharra -40km 665 000mE 670 000mE -7020 000mN -7015 000mN N 5 kilometres M51/883 (AVL) Gabanintha MGA 1994 Zone 50 Australian M51/897 (AVL) VANADIUM LIMITED THE AUSTRALIAN VANADIUM PROJECT AT GABANINTHA AVL MINING LEASES February 2024 Corporate Presentation | March 2024 | ASX:AVL Meekatharra- Sandstone Road High Grade Mineralisation Domain over TMI Image M51/878 (AVL) M51/ 884 (AVL) 675 000mE Australian Vanadium Limited Mining Leases Australian Vanadium Limited ML Application Total Magnetic Intensity Contiguous orebody • Prior to the merger, TMT owned tenements at the northern end of the orebody and a significant, small block at the southern end of the orebody, which was surrounded by AVL's tenements, constraining development Merger delivered 17km of strike for high-grade massive magnetite domain Allows for efficient mine infrastructure layout design Grade benefits • Potential higher vanadium, titanium and iron grades in southern part of the orebody, now unconstrained, offers opportunity to improve economics Shallower depth of weathering in unconstrained southern part of the orebody delivers potential for simpler, cost- effective concentrator design OFS can now test all scenarios over the unconstrained orebody to best optimise economics 7

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