BCI Minerals

BCI Minerals says at the Noosa Mining Conference that its salt project in Western Australia is 85% complete and first deliveries are expected in the first quarter of 2027. The company reports A$435 million in liquidity, says it does not need external funding and expects to be operationally cash-flow positive from September 2027. Nine evaporation ponds are operational, salt crystallization is underway and 86,000 tonnes of salt are already in the crystallization ponds. BCI sees a supply deficit due to rising chlor-alkali demand in Asia and is also evaluating production of potassium sulfate (SOP), including a planned pilot plant. » More on de.investing.com

BCI Minerals said in its earnings call that construction at the Mardie project is 77% complete and the first salt shipment is expected in the fourth quarter of 2026. Target capacity is 5.35 million tonnes of salt and 140,000 tonnes of potassium sulphate (SOP) per year; the project is expected to become Australia’s largest solar salt producer. Total costs amount to AUD 1.043 billion, available liquidity is AUD 601 million and debt is AUD 446.8 million; around AUD 400 million is still needed to complete the project, which represents the main financing risk. » More on de.investing.com

BCI Minerals reports the Mardie project is 77% complete with AUD 1.043 billion invested so far of the planned AUD 1.443 billion. The Cape Preston West port is over 94% finished; the company is targeting the first salt shipment by December 2026. BCI expects annual production of up to 5.35 million tonnes of industrial salt and 140,000 tonnes of SOP, has secured offtake agreements for 62% of production in the first three years, and sees sufficient funds (AUD 601 million) for remaining construction costs (estimated at AUD 400 million). Remaining risks include weather-related disruptions, completion delays, and demand or market volatility. » More on de.investing.com