Australian Vanadium (AVL) investor relations material

Integrated value platforms and strategy

• Three integrated platforms: upstream mining, midstream electrolyte manufacturing, and downstream VFB BESS deployment are positioned to capture value across the vanadium supply chain.

• Focus on finalizing the Optimised Feasibility Study (OFS) by H2CY2026 and securing offtake and funding for the Australian Vanadium Project.

• WA's only operational vanadium electrolyte manufacturing facility is advancing OEM qualifications and deploying new cost-reduction platforms.

• VSUN Energy's Lumina architecture and commercial VFB BESS projects support a growing pipeline of Australian and international opportunities.

• Electrolyte leasing and the V-NOMAD™ platform are designed to accelerate VFB adoption and reduce delivered costs for utility-scale projects.

Market trends and demand outlook

• Global VFB deployment is accelerating, with over 8GWh operational and 44GW in construction or announced as of 2026.

• Vanadium demand is projected to grow 13-fold from 11,600 MTV in 2024 to 154,500 MTV in 2030, driven by VFB adoption.

• VFBs are gaining traction in data centres, remote mine sites, and hot climates due to their safety, long life, and minimal degradation.

• A single 50MW/500MWh VFB BESS could require 4kt of vanadium, about 1.7% of global supply.

• Electrolyte leasing, stack innovation, and economies of scale are expected to further improve VFB cost competitiveness.

Project and platform highlights

• The Australian Vanadium Project holds a global MRE of 395.4Mt at 0.77% V2O5, with 104.5Mt at 1.12% V2O5 classified as Measured or Indicated.

• VSUN Energy's BOO BESS platform leverages project experience, Lumina architecture, and AVL's supply chain for long-duration storage.

• The V-NOMAD™ relocatable electrolyte production platform supports both domestic and international VFB projects.

• Government support includes a $49 million federal grant and Green Energy Major Project status in WA.

• Engagement with leading technology providers and local partners enhances project delivery and market reach.