Investor Presentaiton

What is a vanadium flow battery (VFB)? • • • . A VFB is made up of two tanks filled with vanadium electrolyte fluid The electrolyte acts as cathode and anode, tank size determines capacity Vanadium electrolyte contains 145g of high-purity V205 per litre Invented over 40 years ago and commercialised at very large scale Economic: offers compelling cost of storage for applications where greater than 4 hours of storage is required Positive Electrolyte Corporate Presentation | March 2024 | ASX:AVL V4+ V5+ Electrolyte Tank Australian VANADIUM LIMITED Electrolyte Tank V3+ Electrode Membrane Electrode Pump Pump Power Source Load V²+ Negative Electrolyte 15

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