Canegrass and AVL

Got sent this information. Questions need answers.

Canegrass is in AVL's Stage 2 plans.

In January Canegrass appeared in the AVL Quarterly as being part of Australian Vanadium's Project's Stage 2 which will be processing the concentrates from Canegrass and a few other nearby projects.

By May however, there was a slight change to the Stage 2 part of the AVL presentations with the Stage 2 companies now mentioned as "Other projects with published Resources", but still part of Stage 2.

AVL's Technical Director is also a Flinders board member and most likely the connection with anything that may or may not eventuate in the future.

VKA shareholders should be asking a few questions about any negotiations, communications or discussions between VKA and AVL that are or may have been occurring.