Ann: Investor Presentation - V-KOR Vanadium Battery Technology, page-12

Good research Ali,

Now you understand why POW is a great investment. Every man and his dog are now scrambling to pick up the remaining SURFACE outcrops of the Eromanga basin Toolebuc formation ..typically it's less than 10 metres thickness spread over a large areal extent. It gets thicker with greater depth.

Unfortunately, the Toolebuc formation Vanadium ore historically had inherent beneficiation problems .. oxidised or non oxidised ores. I say "HAD'" for a reason .. maybe the latest proponents have overcome those problems in the last few years.

It's all associated with the price of V2O5 at the time. The price today might make some of the proprietary processes commercially viable and that's a good outcome. However, the vast majority of Toolebuc Wannabees do not have an off taker partnership nor the prized end product up their sleeve .. POW has that .. right now.

Great pick up and research.

Cheers

HR

just my views.