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BCI Minerals Limited (ASX:BCI)

ALERT: Price-sensitive ASX Announcement for BCI
Current share price for BCI : $0.615 0.155 (33.70%)+
Announcement
Release
19 Aug 2026 7:46AM
Price at Release
$0.460
Full Release
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Summary
BCI Minerals Limited reported significant advancements in its Mardie Salt Operation and Potash Project throughout FY26, achieving key construction milestones and the crystallisation of 49,000 tonnes of salt. The company's financial standing remains robust, with full funding secured for the completion of its salt operation. Sustainability initiatives included notable contributions to local and Indigenous communities. Looking forward to FY27, BCI plans to safely ramp up operations at Mardie, with expectations for the first salt harvest. Binding agreements have been arranged for a considerable portion of the initial salt production.
Key Points
  • BCI Minerals Ltd reported significant progress on the Mardie Salt Operation and Potash Project, which is set to become one of the largest salt operations globally.
  • By the end of FY26, construction completion at Mardie increased to 85%, with major milestones such as the installation of the jetty head and ship loader.
  • BCI achieved 49,000 tonnes of salt crystallisation by the end of FY26.
  • The company is fully funded for the completion of the Mardie Operation, with a cumulative expenditure of $1,479 million and available funding of $423 million.
  • BCI's sustainability efforts in FY26 included contributions to Pilbara and Indigenous businesses and enhancing biodiversity monitoring programs.
  • For FY27, BCI aims to ramp up Mardie operations safely and sustainably, with first salt harvest expected.
  • BCI has secured three binding offtake agreements covering 62% of forecast salt production for the first three years of 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.