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Investor Presentaiton

Australian Yarrabubba Mineral Resource Estimate (original TMT Resource) VANADIUM LIMITED Yarrabubba Mineral Resources as at 7th November 2022 Classification Material Mt V₂O= % Fe % Al2O3 % SiO2 % TiO2 % LOI % P% 5% Measured Massive 4.4 1.1 48.1 5.5 7.3 12.4 -0.4 0.01 0.3 Measured Disseminated 1.5 0.6 30.0 10.8 23.4 7.7 2.5 0.01 0.2 Measured Massive + disseminated 5.9 1.0 43.5 6.8 11.4 11.2 0.3 0.01 0.3 Indicated Massive 8.0 1.1 48.1 5.4 7.1 12.5 0.0 0.01 0.3 Indicated Disseminated 6.9 0.6 28.4 12.5 25.2 7.2 2.6 0.02 0.3 Indicated Massive + disseminated 14.9 0.9 39.0 8.7 15.5 10.0 1.2 0.01 0.3 Inferred Massive 5.7 1.1 47.4 5.6 7.8 12.3 0.1 0.01 0.3 Inferred Disseminated 11.4 0.6 27.9 12.6 25.8 7.2 2.0 0.02 0.3 Inferred Massive + disseminated 17.1 0.8 34.4 10.3 19.8 8.9 1.4 0.02 0.3 Total Massive + disseminated 37.9 0.8 37.6 5 9.1 16.8 9.7 1.1 0.01 0.3 Notes: The Mineral Resource was estimated within constraining wireframe solids using a nominal 0.9% V₂Os lower cut-off grade for the massive magnetite zone and using a nominal 0.4% V₂Os lower cut-off grade for the banded and disseminated magnetite mineralisation zones. The Mineral Resource is quoted from all classified blocks within these wireframe solids above a lower cut-off grade of 0.4% V₂Os. Differences may occur due to round For further information, refer to ASX Announcement 7 November 2022. Source: TMT ASX Announcement dated 7 November 2022 'MTMP Global Mineral Resource Upgrade Delivers 26% Increase to Measured and Indicated Resource' Corporate Presentation | March 2024 | ASX:AVL 37
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