Bci Minerals Ltd · ASX:BCI
Bci Minerals — Q2 2026 Earnings Presentation
15 slides from Bci Minerals's earnings presentation, Jan 28, 2026
Slide 1: December 2025 Quarterly Update
28 January 2026 ASX Code: BCI December 2025 Quarterly Update This presentation should be reviewed alongside the December 2025 Quarterly Report, available on our website
Slide 2: Our Vision, Purpose and Values
Our vision is to create long - term Our Values sustainable opportunities and value for our team, communities, and shareholders. Our purpose is to develop and operate the Mardie Project to consistently deliver low - cost, world - class, sustainable, and high - Be Part of Win As We Do What Be Find A q
Slide 3: Our Business
Port of Cape Preston West Our Business The port is capable of loading cape size vessels which creates a cost competitive advantage for Mardie’s operations. These vessels can deliver our salt to our customers at a lower unit cost than other Pilbara producers. Our minerals and infrastructure allow our
Slide 4: December 2025 Quarter Highlights
December 2025 Quarter Highlights Mardie Salt Operation and Potash Project ✓ Safety focus – 290 CCVs 1, 400 safety interactions, and 3.9 TRIFR 2 ✓ Deployed Mine Production Reporting System and Lab Information Management System ✓ Brine levels for ponds 1 to 9 in line with operational targets ✓ Project
Slide 5: Operations
Operations Pond 9 density on track to achieve targeted first salt on ship in 2026 1.24 • Targeted pond heights to achieve FSOS 1.22 by December 2026 were achieved by December 2025 1.20 Operational Density Range • Density is the next key operational 1.18 metric on the path to FSOS 1.16 • Each of the
Slide 6: Salt-first Roadmap to Revenue
Salt - first Roadmap to Revenue The chart outlines the major milestones to achieve revenue from the salt business only. BCI remains committed to the commercialisation of SOP and the Port of Cape Preston West. Mardie Salt Completion of Earthworks and First crystalliser Salt wash plant First harvest c
Slide 7: Construction
Construction Construction Progressing on schedule and on budget ($M) 1,4431 Upcoming expenditure: Dredging; crystalliser sealing; salt wash plant 351 49 1,043 1,092 5 77%2 complete 6 Spent Committed Uncommitted Budget 77%2 of project expenditure locked in, significantly derisking construction costs.
Slide 8: Salt construction and working capital fully funded
Salt construction and working capital fully funded Mardie Salt and Potash Project Is 38km long, ~115km2 footprint As at 31 December 2025 ASX: BCI Rolling 12 - month share price and volume Shares on issue 1 2,938M 0.45 10.0 M 0.40 9.0 M Market capitalisation (December VWAP) $1.1B 0.35 8.0 M 7.0 M 0.3
Slide 9: 10.2Mtpa of new salt demand
10.2Mtpa of new salt demand New committed projects, operational from late 2028, driving significant salt demand growth UAE Korea 1 1.4M 1 0.1M New chlor Tonnes driving New chlor Tonnes driving alkali project demand alkali project demand India China 1 3 4.4M 6 1.5M New soda New chlor Tonnes New chlor
Slide 10: Port of Cape Preston West
Port of Cape Preston West The multi - user Port increases export capacity in the Pilbara ✓ Multi- user port infrastructure, providing valuable access for the region to global markets ✓ Construction is over 94% complete ✓ Capable of loading up to Newcastle Max vessels ✓ Dredging of berth pocket and n
Slide 11: Sulphate of Potash (SOP)
Sulphate of Potash (SOP) Bringing to market valuable salt by - products ✓ SOP and fertiliser products can be produced as by - products of salt ✓ Strong market dynamics present an attractive opportunity for BCI ✓ Scaled trial underway to validate commercially viable quantities of SOP production at Ma
Slide 12: Sustainability
Sustainability Hatchling spotted during the annual marine turtle Hydrobiology measure monitoring program samphires for BCH Survey Algal mat samples Participated in the KDCCI Traditional Owners support collected for BCH Survey Diversity Panel environmental survey Image: Environmental survey with Hydr
Slide 13: Investment Highlights
Investment Highlights Premium product, Favourable Sales agreements Strong forecast Short runway large scale market outlook in place returns to profitability ✓ Largest salt ✓ Significant new Salt ✓ Secured 62% offtake ✓ 60+ year life with low sustaining capex ✓ On track for FSOS by operation in deman
Slide 14: Important Notices
Important Notices Not an Offer of Securities This document has been prepared by BCI Minerals Limited ABN 21 120 646 924 (BCI).This document does not constitute or contain an offer, invitation solicitation or recommendation with respect to the purchase or sale of any security in BCI. This document is
Slide 15: 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 statement s a nd information released to ASX…