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BCI Minerals Limited (ASX:BCI)

ALERT: Price-sensitive ASX Announcement for BCI
Current share price for BCI : $0.565 0.165 (41.25%)+
Announcement
Release
20 Jul 2026 8:25AM
Price at Release
$0.400
Full Release
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Summary
The June 2026 Quarterly Update for BCI Minerals Limited highlights significant progress in their Mardie Salt and Potash Project, with the construction nearing completion and 94% of the project expenditure locked in, reducing risks associated with construction costs. The project spans 38km and covers a footprint of approximately 115km2, with a focus on producing both salt and SOP from seawater. There is a positive market outlook for salt demand in Asia, further affirmed by the completion of major infrastructure like the Mardie Port. The company is committed to sustainability and community involvement, and is exploring regulatory pathways for potential iron ore export.
Key Points
  • Salt-first construction budget $1,443M
  • 82% construction completion including crystalliser lining as of 30 June 2026
  • 94% of project expenditure locked in
  • Mardie Salt and Potash Project is 38km long, ~115km2 footprint
  • Salt-first construction and working capital fully funded
  • Positive salt demand growth forecast in Asia over the next decade
  • Mardie Port nearing completion with construction at 94%
  • Sulphate of Potash (SOP) production progressing with pilot plant planned
  • Focus on sustainability and community engagement
  • Regulatory engagement for potential iron ore export
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.