BCI Minerals delivers quarterly project update

BCI Minerals (ASX:BCI) has announced the commencement of operations at the Mardie Salt and Potash Project in Western Australia. The project aims to become the largest solar salt operation in Australia, with significant milestones achieved and financial agreements secured.

Overview and outlook for BCI Minerals

BCI Minerals provided a quarterly update for the September 2024 quarter, focusing on the Mardie Salt and Potash Project. This project aims to become a significant player in the global salt market, with a production target of 5.3 million tonnes of salt and 140,000 tonnes of SOP annually. With construction over 50% complete, the first salt harvest is anticipated in Q2 FY27. The project is fully funded, with a total capital cost of $1.443 billion, supported by financial institutions and shareholder contributions. BCI has secured binding offtake agreements with key partners and emphasizes community engagement and environmental management. The company is positioned to meet growing salt demand in Asia, contributing to its strategic positioning in the market.

Executive insights on mardie project progress

The Mardie Salt and Potash Project continues to progress on schedule and within budget. We are committed to delivering long-term sustainable value and opportunities for our shareholders, communities, and team.