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BCI Minerals Limited (ASX:BCI)

ALERT: Price-sensitive ASX Announcement for BCI
Current share price for BCI : $0.425 0.03 (7.59%)+
Announcement
Release
24 Feb 2026 9:10AM
Price at Release
$0.395
Full Release
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Summary
BCI Minerals Limited reported strong progress in its FY26 half-year results, focusing on the Mardie Salt Operation and Potash Project. The project is moving towards becoming Australia's largest salt operation with significant milestones achieved, including the completion of primary and secondary salt crystallisers and advancements in the marine package at the Port of Cape Preston West. Financially, BCI remains robust with a syndicated debt facility supporting ongoing operations and the conversion of convertible notes into equity strengthening the balance. The company is committed to sustainability, maintaining environmental monitoring, and supporting community initiatives. Looking forward, BCI aims to complete construction and achieve first salt on ship by December 2026, which marks a significant revenue milestone.
Key Points
  • BCI is on track for first salt on ship by December 2026.
  • The Mardie Salt Operation is set to become Australia's largest salt operation.
  • Construction completion is at 77%, with significant infrastructure milestones achieved.
  • AustralianSuper converted Series 1 Convertible Notes into equity, reducing debt by $29.1 million.
  • Available funding is $601 million with construction costs estimated at $400 million.
  • BCI remains committed to its Sustainability Strategy.
  • Community initiatives expanded, including scholarships and local partnerships.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.