BCI Minerals Ltd
ASX:BCI
BCI Minerals Ltd
BCI Minerals Ltd. is a resource company, which engages in the exploration and development of assets in the Pilbara region of Western Australia. The company is headquartered in Perth, Western Australia. The company went IPO on 2006-12-15. The Company’s projects include Mardie Salt and Potash, Iron Valley and Carnegie Potash. The Mardie Salt and Potash Project is owned by the Company’s subsidiary, Mardie Minerals Pty Ltd (BCI). The Project engaged in the development multi-generational solar evaporation operation on the Pilbara coast of Western Australia. Iron Valley is an operating mine located in the Central Pilbara, which is being operated by Mineral Resources Limited (MIN) under royalty-type agreement. The Carnegie Project is a potash exploration project located approximately 220 kilometers north-east of Wiluna, which consists one granted exploration license and two exploration license applications covering a total area of approximately 1,700 square kilometers.
BCI Minerals Ltd. is a resource company, which engages in the exploration and development of assets in the Pilbara region of Western Australia. The company is headquartered in Perth, Western Australia. The company went IPO on 2006-12-15. The Company’s projects include Mardie Salt and Potash, Iron Valley and Carnegie Potash. The Mardie Salt and Potash Project is owned by the Company’s subsidiary, Mardie Minerals Pty Ltd (BCI). The Project engaged in the development multi-generational solar evaporation operation on the Pilbara coast of Western Australia. Iron Valley is an operating mine located in the Central Pilbara, which is being operated by Mineral Resources Limited (MIN) under royalty-type agreement. The Carnegie Project is a potash exploration project located approximately 220 kilometers north-east of Wiluna, which consists one granted exploration license and two exploration license applications covering a total area of approximately 1,700 square kilometers.
Construction Progress: The Mardie project is 77% complete, remains within budget, and is on track for first salt shipments in the December 2026 quarter.
Strong Liquidity: BCI reported $601 million in available liquidity at quarter-end and says it is fully funded to complete construction and working capital needs through ramp-up.
SOP Pilot Success: The SOP (sulphate of potash) pilot crystallizers reached steady-state operation, meeting expectations and supporting future revenue streams.
Market Outlook: Demand for high-grade industrial salt is expected to rise, with new Asian chemical plants increasing regional requirements by 10.2 million tonnes per year through 2028.
Port Opportunity: The Port of Cape Preston West is nearing completion and has received interest from potential third-party users, offering significant future revenue potential.
Sustainability & Community: BCI advanced environmental monitoring and formalized a two-year capacity building program with Wirrawandi Aboriginal Corporation.
