Bci Minerals Ltd · ASX:BCI
Bci Minerals — Q4 2025 Earnings Presentation
18 slides from Bci Minerals's earnings presentation, Jul 29, 2025
Slide 1: June 2025 Quarterly Update
29 July 2025 ASX Code: BCI For personal use only June 2025 Quarterly Update This presentation should be reviewed alongside the June 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: How we operate
How we operate Our minerals and infrastructure allow our customers to produce products that we rely on and consume everyday. We combine natural resources and innovation to produce sustainable, high-quality minerals for the industrial and agriculture sectors Seawater pumps g- ray =) . ‘vaporation Sal
Slide 4: Mardie is located within a proven solar salt region
Mardie is located within a proven solar salt region For personal use only Broome #1 #3 115km 2 Karratha Largest salt Third largest Significant Exmouth Newman producer in producer globally footprint Australia 1st 100 % ~5.3m Geraldton Kalgoorlie Quartile cost Owned and Tonnes of high- Perth producer
Slide 5: June 2025 Quarter Highlights
June 2025 Quarter Highlights Mardie Salt Operation and Potash Project For personal use only ✓ Strong safety performance – 253 CCVs1 and 2.3 TRIFR2. ✓ Construction of the salt first phase progressed to 69% complete. ✓ Updated GMMP3 approved by the Commonwealth Government. ✓ 77% of the total pond surf
Slide 6: 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 June 2025 Our Shareholders For personal use only Shares on issue1 2,888M Market capitalisation (30-day VWAP) $926M Other Shareholders Cumulative expenditure 22% $1,113M Australi
Slide 7: Operations
Operations On track to deliver revenue in quarter ending 31 December 2026 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 Image: Water flowing through transfer station 6/7 Data as at 30 June 2025 7 June 2025 Quarterly Update
Slide 8: Construction
Construction Progressing on schedule and on budget Project budget (AUDM) – salt-first phase For personal use only 1,4431 Upcoming expenditure: Jetty Head End, Dredging; Crystallisers; Salt Wash Plant 422 1,021 935 86 5 69% complete 6 Spent Committed Uncommitted Budget 71% of project expenditure lock
Slide 9: Forecast supply shortfall
Forecast supply shortfall Positive Salt Asia Demand vs Supply1 is positively affecting salt price forecast Market Outlook 240 230 Mardie first salt on ship 220 Forecast Supply For personal use only +16% shortfall 210 Mt Three binding Offtake Agreements 200 with tier 1 customers: 190 ✓ Markets: China
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 91 per cent complete. ✓ Loading of up to Newcastle Max vessels. ✓ S
Slide 11: Sulphate of Potash (SOP)
Sulphate of Potash (SOP) Bringing to market valuable salt by-products For personal use only ✓ Mardie by-product benefits include security of supply; a competitive domestic SOP market; increases in agricultural productivity; and assists with Australia’s food security. ✓ Salt component fully funded; S
Slide 12: Attractive Returns Profile
Attractive Returns Profile Debt Free3 Commence paying tax For personal use only 300 14 • Potential first Dividend2 • Debt Principal 13 Repayment Starts 12 Estimated Distribution Per Diluted Share (Cents) 250 ~$255 million pa. average cashflow, in real 11 FCF Available to Equity Holders ($m)1 terms,
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 project in ✓ Robust salt price ✓ Secured 62% offtake ✓ 60+ years ✓ Salt first EBITDA: Australia outlook vo
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…
Slide 16: Appendix
ASX Code: BCI For personal use only Appendix 16 June 2025 Quarterly Update
Slide 17: Steady Future Cashflow
Steady Future Cashflow1 Salt and SOP forecast to deliver strong operating cashflow to underpin sustainable returns for shareholders For personal use only ~$255 million pa. average cashflow, in real terms, available to equity 800 Potential for first holders1 excludes unrealised port potential dividen
Slide 18: Roadmap to Revenue
Roadmap to Revenue DFS – Definitive feasibility study FID –Final investment decision SWP – Salt wash plant First Salt For personal use only First harvest on Ship Mardie Salt Brine to enter crystallisers Completion of crystallisers construction Crystallisers inundated SWP construction complete washed