Australian Vanadium Limited · ASX:AVL

Australian Vanadium — Yellow Rock Resources — Investor Presentation (September 2013)

22 slides from Australian Vanadium's investor presentation, September 2013

1. Slide 1: Gabanintha Vanadium: A World Class Fe-Ti-V Project

   Yellow Rock Resources ĆÑ»þ-J Gabanintha Vanadium Gabanintha \_. A World Class Fe-Ti-V Project Æ3Ê_-]-\dË September 2013 2013n9œ

2. Slide 2: Project Highlights

   Project Highlights dËë¿ • V2O5 JORC Indicated and Inferred Resource of 125.8 million tonnes at 0.7% V2O5 and 32.6% Fe ¾\:ê.Q»Q.Ñ ûP?挔 1.258N.Ñ ³A\ ĎĈ0.7Ċ č_ĈĎ 32.6Ċ • One of the highest grade V2O5 resources in Australia ¾\:-Oû›ą ĉ • Prospective to expand current resource +Q »f\ • The tenements ha

3. Slide 3: Presentation

   Presentation 6 • Vanadium Peers \.-JLç²S • Project Overview d˪2 • Geology and Resource UOQ» • Project Development dËr – Concept Study ªyÓÚ – Scoping Study ªÇÓÚ – Prefeasibility Study fIç{ÓÚ – Definitive Feasibility study ›5Iç{ÓÚ • Corporate Snapshot -J1

4. Slide 4: ASX Listed Peers with Vanadium Resources

   ASX Listed Peers with Vanadium Resources ASXlÊ\Q»-J sorted by grade " #!+ !) $"& !) %")$% / 1 " -!$%$*%. $ "!&"!!% -4. $$'0'#*'.)* "%"+ &"&+! @AD9)*'.): ?6F ') *'.)* "%"+ $$$$ CDE9)*'.):4AAH ?6EC4?6EA 9)*)/: *'.)* "%"+ ))%" CF6A9)*'.): ?6EB $"&)* "&* + & )** @?F9)*'.): ?6E +$&, "%"+ "&"%.))9"&()'.,'

5. Slide 5: World Titanium Resource Deposits

   World Titanium Resource Deposits Æ]Q» sorted by grade " #!+ &!) $"& &!) %")$% "!&"!!% $ -4. "'"&+'+"+& "' @AD BCK *'.)* + ))%" CF6A AAK ) 1 "&"& $! CC @HK "+&"9 )'&'*: $$&** C?? @GK ') *'.)* + $$$$ CDE @CK !"& "&"& )"'.* C@H @?K $$'0'#*'.)* + &"&+! @AD HK ($$*'.)* )'&8 @C FK + +# @E? DK "& "/)'(() +

6. Slide 6: Current Status

   Current Status Ë>dËÁ • World class Fe-Ti-V resource Æ3Ê\_dË • Large JORC-compliant resource in developing iron and vanadium province \WÜKJOR C&4Ê.CĈčĈ ­TrÊQ»Î • Project has economic advantages including high grade component dË07* Ê ąR - • Secure tenure over the property Ê<w • Metallurgical sampling

7. Slide 7: Immediate Corporate Objectives

   Immediate Corporate Objectives ðžË& • To prove technical and economic feasibility of Gabanintha Ferro-Vanadium Project W ¯F™Gabanintha\_dËÊ $Q7 *Iç{ • Establish pathways for company and project development qÛ-JQdËgÊ óu • Provide the required level of information for Yellow Rock to promote and fund t

8. Slide 8: Developing the Project

   Developing the Project rdË • Further drilling to expand JORC resources base W¯^Š\JORCQ» • Project assessment will use proven, industry accepted engineering standards in a staged, cost eective approach dËGf¦‰Æ-BÊiØ&4¡rgŸ Êr • Each stage will develop opportunities for Yellow Rock without restrictin

9. Slide 9: Location

   Location à • Located in the Murchison-Midwestt Region ć^© êöUC • Proposed Rail Port Development at Oakajee C ÊOakajee _îQº º Hg • Feasibility studies to be undertaken n to realign Morowa to Wiluna historic railway fërgú–M‘ ĈMorowa wa ; Wiluna _îÊIç{ÓÚ • One of the highest grade V2O5 deposits in Aust

10. Slide 10: ow Rock Res

    % ow Rock Res oe? MWe RESOURCES PTY LTD iw Railway +—> Planned +—+ Possible F ++ Decommissioned line being reviewed by WA State Government a) 50 100 150 Kilometres Jack Hills Meekathat Weld Range sage Mount Magnet | @Karara “Mount Gibson | / — Yarrabubbg Barramble fouanmi Gabanintha_.— peri al AUSTR

11. Slide 11: Geology

    Geology UO • In tabular magnetite rich “Sill” in dierentiated mafic intrusive • Outcropping over 12 km ā5UíU12-ù • Continuous X9 • Dips 600 west Mê ì60 p • Two adjacent zones Í[ÊC – High grade massive ąR ÁC – Low grade disseminated !R ¸¥C • Mineralisation up to +100m wide in places .AąïÉÞÊU—

12. Slide 12: Mee AUSTRALIAN VANADIUM

    Mee AUSTRALIAN VANADIUM Toe ona Fors caine OG ONE Magnetic unit, probably Current Gabanintha Resource Drill Lines STOLE Gsbaninths EM Target Zone esiaa9s New eastern EM Target Zone — Proposed IP Lines iE ES11528, @ Bandad tron Formation Godeankeths Vanuatu Projce EM Target Zones fed propcurel IF tur

13. Slide 13: Cross Section Looking North

    Cross Section Looking North MBʬĄ

14. Slide 14: Vanadium-Magnetite-Ilmenite Mineral Resource

    Vanadium-Magnetite-Ilmenite \]Õ_R è Mineral Resource &$ "! !%&)) / 14 4 /4 /4 / 04 4 %")$ &"!!% !%&+ %% " ! ) &"+ @C6C C6@F @6?B CA6@C @A6?F @@6CA F6GC B6BF &)) CE C6@E ?6HF CA6@D @@6@H @A6BF G6AG B6A? '0 ) &"+ CA6F A6F@ ?6CC AB6BF E6?G AH6AD @G6?H G6HC &)) AA6F A6EF ?6CA AA6ED E6?G B?6EA @E6HE E6HA

15. Slide 15: What does it look like

    ce k Sh lo my Rock R sou" W Ay peg Ss a t d oe S) it e : h ook k ES A aK /ZS : Ag]

16. Slide 16: Concept Study: Completed (2009)

    Concept Study: Completed (2009) ªyÓÚĎkc  • Outcomes 8£ – Mining of high grade vanadium-iron ore for direct shipping ąR \_.ÑrøÌ å – Simple beneficiation of highgrade ore to produce product for shipping 1ÊąÝ 3.ÑY.Ä – Beneficiation of massive ore and disseminated ore as feed to a ferro-vanadium process

17. Slide 17: Possible Development Options

    Possible Development Options IçÊr—¨ ).*!"& &*)&"& +'()'.()'.+')")+*!"(("& +'*("$"*+*%$+) ).*!"& 4*)&"& &&",'&+'()'.()'.+')")+*!"(("& +' *("$"*+*%$+) ).*!"& 4 )"&"& &&",'&'$$'02))'8/&".%()'**+'()'. ))'8/&".%

18. Slide 18: Metallurgical Testwork Results

    Metallurgical Testwork Results G'ÓÚ8£

19. Slide 19: Helitem Survey Results

    Helitem Survey Results HelitemM%8£ • Modelling by Fugro Airborne Services Pty Ltd indicates exploration target of between 500 million tonnes – 800 million tonnes with grades between 23.12%-43.14% Fe 6.08% - 12.07% Ti and 0.43% to 1.03% V2O5, subject to further resource drilling #Ö ûT500N - 800N R 23

20. Slide 20: Yellow Rock Corporate Snapshot

    Yellow Rock Corporate Snapshot -J1 +&'%'% )"&)2*!)*'&"**. BCH4?AE4A?D .$$2"$.+("+$*+).+.) EDE4?AE4A?D !)()" <?6?G9*+@H7H7@B: )#+("+$"*,'& <A4FHA4A?H )%&!'$"$% 4"! "%)"#"'%"&* D6?AK "$"$&"$% & 2&2!**'& !")%& *$" & )!% 1.,/")+') )&+'& 0"* '&81.,/")+') "%'&!**'& '%(&2)+)2

21. Slide 21: Contacts

    Contacts Oce Location : 420 Newcastle Street -U¿ West Perth, Western Australia 6005 Postal Address: PO Box 332 ZŽUV Leederville, Western Australia 6903 Telephone: +61 (08) 9227 6300 ,I Facsimile: +61 (08) 9227 6400 Ï Email: [email protected] ,_Z Website: www.yellowrock.com.au ßV

22. Slide 22: Disclaimer

    Disclaimer +NZ™ • This Presentation contains information about Yellow Rock Resources Ltd (YRR). It does not purport to contain all the information that a prospective investor may require. The Presentation should not be considered as an oer or invitation to subscribe for or purchase of any securities

Yellow Rock Resources — Investor Presentation (September 2013) on 6ix