BCI Minerals (ASX:BCI) has announced significant progress in its Mardie Salt and Potash Project during the September 2024 quarter. The company has started salt production and secured project financing of $981 million. The project is 50% complete, with the first salt shipment expected by Q2 FY27.
BCI Minerals is on track with its Mardie Salt and Potash Project, having reached 50% completion and securing $981 million in project financing. The company is focusing on health and safety improvements and community engagement. Environmental approval has been granted, and the construction of key components is progressing well. BCI Minerals anticipates its first salt shipment by Q2 FY27, aiming to become Australia's largest solar salt producer. The company is also actively pursuing strategic partnerships and market opportunities to align with growing demands in Asia.
The Australian Commonwealth Government granted environmental approval for the Optimised Mardie Project, allowing operations to commence.