Bci Minerals Ltd · ASX:BCI
Bci Minerals — Q2 2025 Earnings Presentation
20 slides from Bci Minerals's earnings presentation, Jan 29, 2025
Slide 1: December 2024 Quarterly Update
December 2024 Quarterly Update 29 January 2025 rsonal use only This presentation should be reviewed alongside the December 2024 Quarterly Report, available on our website.
Slide 2: Acknowledgement of Country
rsonal use only Acknowledgement of Country 2
Slide 3: BCI Minerals
BCI Minerals rsonal use only We are a values driven company developing sustainable minerals for the modern world through the Mardie Salt and Potash Project Our vision is to create long-term sustainable opportunities and value for our team, communities, and Our values form the backbone of our culture
Slide 4: The Mardie Salt and Potash Project
The Mardie Salt and Potash Project Broome rsonal use only Mardie Salt and Potash Project Karratha Exmouth Newman Largest in Third largest 5.3Mtpa of salt and Australia globally 140ktpa of SOP1 for 60 years Geraldton Kalgoorlie Perth Mardie Salt and Potash Project WA Other salt producers 1 FEED studi
Slide 5: December 2024 Quarter Highlights
December 2024 Quarter Highlights1 People and Sustainability Safety performance rsonal use only Chief Legal and Commercial Officer appointed on 20 January 2025 Lodged updated GMMP on 15 January 2025 Conducted Sustainability Materiality Assessment The Mardie Salt and Potash Project Operation
Slide 6: Water flowing through ponds
rsonal use only Water flowing through ponds 1 to 3 6 6
Slide 7: Commissioning of transfer station 2/3
rsonal use only Commissioning of transfer station 2/3 7
Slide 8: Water flowing into pond
rsonal use only Water flowing into pond 3 8 8
Slide 9: Water reaching transfer station 3/4
rsonal use only Water reaching transfer station 3/4 9
Slide 10: Jack-up barge arrives at Mardie to install the jetty head
Jack-up barge arrives at Mardie to install the jetty head rsonal use only 10
Slide 11: Construction of the secondary seawater intake
rsonal use only Construction of the secondary seawater 11 11 intake
Slide 12: Rock armour on pond seawall
rsonal use only Rock armour on pond 8 12 seawall
Slide 13: The Mardie Project is on schedule and on budget
The Mardie Project is on schedule and on budget1 Key Milestones FY25 FY26 FY27 2027 First Fill Q1 FY25 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2024 2025 rsonal use only First Salt Harvested Q2 FY27 Brine Transfer Stations & Distribution Circuit Brine & Waste Bitterns First Salt Shipped3 Q2 FY27 Seawater
Slide 14: Financial highlights
Financial highlights Lenders approved first draw down on 20 rsonal use only January 2025 paving the way for the Project to complete construction and progress to first salt on ship. Salt phase fully funded ICBC Ryder $90.5M Covering the $1,443M capital cost 1. Other 9% Shareholders Westpac 23% $90.
Slide 15: Significant salt demand growth expected from Asia; key offtake agreements
Significant salt demand growth Key offtake agreements expected from Asia Binding Offtake Agreements for debt draw down achieved Asia is the largest salt-consuming region globally. Growth is forecast to rsonal use only continue through 20401 at a CAGR of 1.7%, reaching 248Mt in 2040 1. South Korea Ch
Slide 16: Positive market thematics
Positive market thematics Asia Demand vs Supply1 Salt Price Forecast1 Salt Mt Mardie first US$/t CFR Mardie first salt on ship salt on ship rsonal use only 250 66 65 240 64 230 63 220 62 Forecast Forecast Supply supply shortfall shortfall 210 61 60 200 59 190 58 180 57 170 56 CY24 CY25 CY26 CY27 CY2
Slide 17: Delivering Australia's newest and largest solar salt operation
Delivering Australia’s newest and largest solar salt operation rsonal use only Safety Operations Construction Cost and cash management 17
Slide 18: rsonal use only
rsonal use only 18
Slide 19: Important Notices
Important Notices Not an Offer of Securities This document has been prepared by BCI Minerals Limited ABN 21 120 646 924 (BCI) in relation to its quarterly results for the quarter ended 31 December 2024. This document does not constitute or contain an offer, invitation solicitation or recommendation
Slide 20: Important Notices (continued)
Important Notices (continued) No Financial data All dollar values are in Australian dollars (A$ or AUD) unless otherwise stated. This document includes certain historical financial information extracted from BCI’s audited consolidated financial statements and information released to ASX (collectivel