Bci Minerals Ltd · ASX:BCI
Bci Minerals — Q1 2026 Earnings Presentation
15 slides from Bci Minerals's earnings presentation, Oct 23, 2025
Slide 1: September 2025 Quarterly Update
23 October 2025 ASX Code: BCI For personal use only September 2025 Quarterly Update This presentation should be reviewed alongside the September 2025 Quarterly Report, available on our website
Slide 2: Our vision, purpose and values
For personal use only 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
Slide 3: September 2025 Quarter Highlights
September 2025 Quarter Highlights Mardie Salt Operation and Potash Project For personal use only ✓ Strong safety performance – 301 CCVs1, 640 safety interactions, and 3.1 TRIFR2 ✓ Achieved 93 per cent total pond surface inundation ✓ Deployed a digital twin (dynamic model) ✓ Salt first phase 74 per c
Slide 4: Mardie Salt Production Process
Mardie Salt Production Process The pathway to high grade industrial salt production: For personal use only • Seawater is a low-density brine that contains numerous valuable minerals • Operations commenced in September 2024 with seawater being pumped from the Primary Seawater Intake into ponds 1 to 3
Slide 5: Operations
Operations On track to ensure optimal capacity in all ponds For personal use only Pond filling status: 1 2 3 Ponds 1-3 4 5 6 Ponds 4-6 7 8 9 Ponds 7-9 5 Sept 2025 Quarterly Update Data as at 30 September 2025
Slide 6: Operations
Operations Pond 9 density on track to produce high grade industrial salt To produce high grade industrial salt in the For personal use only 1.24 crystallisers: 1.22 • Each of the 9 ponds have to achieve target density 1.20 Operational Density Range • Ponds 1 – 7 achieved target density during this q
Slide 7: 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 Cape Preston West Port. For personal use only Mardie Salt Completion of Earthworks and First crystalliser Salt wash plan
Slide 8: Construction
Construction Progressing on schedule and on budget For personal use only 1,4431 Upcoming expenditure: Dredging; Crystalliser sealing; Salt Wash Plant 386 1,002 55 1,057 5 74% complete 6 Spent Committed Uncommitted Budget 74% of project expenditure locked in, significantly derisking construction cost
Slide 9: 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 30 September 2025 ASX: BCI Rolling For personal use only 12-month 0.45 10.0 M Shares on issue1 2,888M 0.40 9.0 M 8.0 M Market capitalisation (30-day VWAP) $1.2B 0.35 7.0 M 0.30 Sha
Slide 10: Cape Preston West Port
Cape Preston West Port Owned and operated by BCI Minerals, the Port increases For personal use only export capacity in the Pilbara ✓ Multi-user port, providing valuable access for the region to global markets ✓ Construction is over 93% complete ✓ Loading of up to Newcastle Max vessels ✓ Surplus expo
Slide 11: Sulphate of Potash (SOP)
Sulphate of Potash (SOP) Bringing to market valuable salt by-products For personal use only ✓ 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 SO
Slide 12: Sustainability
Sustainability For personal use only Environmental survey with O2 Marine and Traditional Prime Minister visiting the Owners BCI booth at RTS KDCCI Business KSHS– Positive Behaviour Resources Technology Excellence Awards Support program Showcase (RTS) Image: Environmental survey with O2 Marine and Tr
Slide 13: Investment Highlights
Investment Highlights For personal use only Premium product, Favourable Sales agreements Strong forecast Short runway large scale market outlook in place returns to profitability ✓ Largest salt operation ✓ Robust salt price ✓ Secured 62% offtake ✓ 60+ years ✓ Salt first EBITDA: in Australia outlook
Slide 14: Important Notices
Important Notices For personal use only 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
Slide 15: Important Notices (continued)
Important Notices (continued) For personal use only 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…