Richmond Vanadium Quarterly Activities Report for the Period Ending 31st December 2023 December 2023 Quarterly Highlights

Technical, preliminary engineering, logistics and approvals work continued as part of the Bankable Feasibility Study (BFS).

Metallurgical test work progressed at multiple laboratories and research institutes focused on flowsheet optimisation on various ore types within the project area.

Post quarter end, RVT announced that following a detailed review of initial results from all work programs and the current vanadium market, the Company has extended the timeframe to complete the BFS by 6 months to the June Quarter 2025. Regulatory approvals and a final investment decision for the Project are expected in the September Quarter 2025.

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