Appointment Of Chief Financial Officer

Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL”) is pleased to announce that it has appointed Mr Tom Plant as Chief Financial Officer (CFO) of the Company with effect from 6^th June 2023.

KEY POINTS

• Experienced finance professional Tom Plant appointed as Chief Financial Officer.
  
• Mr Plant has almost 30 years of experience as a Chartered Accountant and finance professional within mining and financial sectors.
• Key strategic appointment as AVL progresses the Australian Vanadium Project.

Incoming CFO, Tom Plant comments, “I am excited to be joining AVL at a pivotal time for both the Company and the vanadium industry more broadly. The energy transition is accelerating and sufficient large-scale battery storage is a critical supporting element in this process. The Company’s world-class Australian Vanadium Project is uniquely positioned to capitalise on the expected significant role vanadium redox flow batteries will play in delivering the required battery storage capacity.”

Mr Plant is a seasoned finance executive, with almost 30 years of experience in various corporate and commercial roles. He has a strong background in debt and equity funding solutions, investment evaluation and corporate transactions. Mr Plant’s experience in these areas will complement the existing capabilities in the AVL team as it progresses the Australian Vanadium Project.

Mr Plant most recently served as interim CFO at Leo Lithium Limited (ASX: LLL), the developer of the Goulamina Lithium Project in Mali and prior to that, CFO of Firefinch Limited (ASX: FFX). Previous roles have included ten years at global mineral sands and rare earths producer Iluka Resources (ASX: ILU) and various positions in investment banking and professional services with Macquarie Group, Dresdner Kleinwort Wasserstein and Arthur Andersen.

Mr Plant is a Chartered Accountant (CAANZ) and holds an MBA from INSEAD, an MSc (Mineral Economics) from Curtin University, a Bachelor of Commerce from The University of Western Australia and a Graduate Diploma of Applied Corporate Governance and Risk Management from the Governance Institute of Australia.

Interim CFO, Ms Liesl Strachan, will continue to work within the Company on the development of the finance function. We thank her for her leadership in this role.

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