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BCI Minerals Limited (ASX:BCI)

ALERT: Price-sensitive ASX Announcement for BCI
Current share price for BCI : $0.440 0.05 (12.82%)+
Announcement
Release
28 Apr 2026 8:25AM
Price at Release
$0.390
Full Release
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Summary
BCI Minerals Limited's March 2026 quarterly update highlights significant progress in the Mardie Salt and Potash Project, reaching 81% completion. Despite minor delays from tropical cyclones, the project remains on track, supported by $1.37 billion in investments. The Port of Cape Preston West's construction is nearly complete, poised to bolster export activities. The company is financially robust, with substantial liquidity, and expects positive cash flow from salt operations by FY 2028. Additionally, trials for Sulphate of Potash production are advancing, with infrastructure fully funded and operational milestones being achieved.
Key Points
  • BCI Minerals Limited provides a quarterly update for March 2026.
  • The Mardie Salt and Potash Project is progressing with 81% construction completion.
  • Salt production milestones include commissioning of brine channel and crystallisers.
  • Weather events like Tropical Cyclones Mitchell and Narelle slightly impacted operations, but no major disruptions.
  • Financial investments total $1.37 billion, with sufficient funding for completion.
  • Salt operations are expected to generate positive cash flow from FY 2028.
  • Port of Cape Preston West construction is 94% complete, enhancing export capabilities.
  • Sulphate of Potash (SOP) trials are underway with steady-state operations.
  • BCI has liquidity of $522 million, supporting ongoing and future operations.
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.