Bci Minerals Ltd · ASX:BCI
Bci Minerals — Non-Deal Roadshow (May 2025)
29 slides from Bci Minerals's roadshow presentation, May 19, 2025
Slide 1: Investor Roadshow
May 2025 Investor For personal use only Roadshow ASX Code: BCI This presentation should be reviewed alongside the Photo of BCI's Cape Preston West Port March 2025 Quarterly Report, available on our website by Timescape and MCD
Slide 2: Acknowledgement of Country
BCI Minerals acknowledges the Traditional Custodians of the country throughout Australia and their connections to land, sea, and community. We respect the Yaburara, Mardudhunera and Robe River Kuruma People as the Mardie For personal use only Traditional Owners, and the Whadjuk People of the Noongar
Slide 3: BCI Minerals
BCI Minerals For personal use only Our vision is to create long- term sustainable opportunities and value for our team, communities, and shareholders. Our values Our purpose is to develop and operate the Mardie Project to consistently deliver low-cost, world-class, sustainable, and high-quality Salt
Slide 4: The safety of our team is our highest priority
The safety of our team is our highest priority 136 For personal use only Total recordable injury frequency rate (rolling 12m) Strong workforce 8.00 6.80 7.00 6.60 32% 6.00 5.00 4.70 4.60 4.20 4.10 4.00 Female participation 4.00 3.90 3.70 3.00 2.60 6.5% 1.80 1.80 2.00 1.00 Identify as Aboriginal or T
Slide 5: Salt: The Hidden Ingredient in Everyday Life
Salt: The Hidden Ingredient in Everyday Life > Tianlum dloside poment indow -+---++-- solvents, surfactants, ida-lime glass, Juminium frames ® 2) =) ‘(Betiberirserinres mciats oan a plan rsa ara mean Textiles POEUN oo hss oles ai visthlinne Arelaavels a he Bleaching agents, yomputer dyes, nylon fibe
Slide 6: 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 ready for export to global markets via ou
Slide 7: Australia's largest solar salt operation and third largest globally
Australia’s largest solar salt operation and third largest globally Broome For personal use only Largest existing solar salt operations globally1 Mardie Salt and Potash Project is Karratha Guerroro Negro [Mexico] 38km long, ~115 km2 footprint Hajipir [India] Exmouth Newman 5.35Mtpa Mardie Salt/SOP p
Slide 8: Impressive scale: Mardie stretches over 100km2
Impressive scale: Mardie stretches over 100km2 In perspective, that’s the distance from Manly to Parramatta in Sydney. For personal use only 8
Slide 9: Forecast supply shortfall expected to positively affect salt prices
Forecast supply shortfall is expected to positively affect Asia Demand vs Supply1 Positive salt market salt prices 240 outlook 230 Mardie first salt on ship 220 Forecast Supply shortfall +16% 210 For personal use only Mt Three Binding Offtake Agreements with tier 1 Key offtake agreements 200 custome
Slide 10: March 2025 Quarter Highlights
March 2025 Quarter Highlights Mardie Salt and Potash Strong safety performance in March Quarter – 204 CCVs1 and 1.8 TRIFR2. Updated GMMP3 approved by Western Australian and Commonwealth Governments For personal use only (post quarter end). Full-scale operations commenced on 15 April 2025. Sa
Slide 11: Operations
Operations On track to deliver revenue in quarter ending 31 December 2026. Progress For personal use only State and Commonwealth Governments approved updated GMMP1. Transitioned to full-scale operations on 15 April 2025. Offtake agreements. Transhipment agreement. Performance Ponds one to
Slide 12: Construction
Construction Progressing on schedule and on budget. Project budget (AUDM) 1,443 1 For personal use only Upcoming expenditure: Jetty Head End, Dredging; Crystallisers; Salt Wash Plant 467 976 152 824 5 6 Spent Committed Uncommitted Budget 68% of project expenditure locked in, significantly derisking
Slide 13: Sulphate of Potash (SOP)
Sulphate of Potash (SOP) Bringing to market valuable salt by-products For personal use only Harvesting Industrial grade Salt presents opportunities for valuable by-products Produced downstream from Salt brine, Mardie’s SOP will be a nutrient rich source of potassium, essential for crops to grow BCI
Slide 14: Cape Preston West Port
Cape Preston West Port Owned and operated by BCI Minerals, the Port increases export capacity in the Pilbara The multi-user port will provide valuable access for the For personal use only region to global markets Construction is over 79 per cent complete Mardie Salt and Potash Project 2.4km Jetty wi
Slide 15: Steady Future Cashflow
Steady Future Cashflow1 Salt and SOP forecast to deliver strong operating cashflow to underpin sustainable returns for shareholders 800 Potential for first dividend2 For personal use only ~�255 million pa. average 600 cashflow, in real terms, available to equity holders1 Potential upside excludes un
Slide 16: Capital management
Capital management Salt construction and working capital fully funded Forecast available cashflow2 and debt repayment profile �m For personal use only • Long-term lending facilities, with a weighted average maturity of 10 years, NAIF (�490M) in 2039 300 800 700 Green loan accreditation for commercia
Slide 17: Roadmap to revenue
Roadmap to revenue First Salt Mardie Salt on Ship Brine to enter Completion of First harvest Crystallisers SWP construction crystallisers crystallisers washed and inundated complete construction stockpiled CY2025 CY2026 For personal use only Secondary seawater Ponds 1 – 9 First salt SWP commissionin
Slide 18: Highlights
Highlights For personal use only Premium product, large Favourable market Sales agreements in Strong forecast Short runway to scale outlook place returns profitability Largest salt project in Forecast supply Secured 62% offtake 60+ years Salt first EBITDA: ~�286M2 Australia shortfall volum
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). 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 i
Slide 20: Australia's largest and first major Salt project in years
Australia's largest and first major Salt project in 25 years – Mardie's operations are sustainable and low- cost For personal use only Image: Primary Seawater Intake Station 20
Slide 21: For personal use only
For personal use only Image: Transfer station 2/3 21
Slide 22: Australia's largest and first major Salt project in years
Australia's largest and first major Salt project in 25 years – Mardie's operations are sustainable and low- cost For personal use only Image: Transfer station 2/3 22
Slide 23: Ponds mark the beginning of the 24-month salt harvesting process
For personal use only Using natural abundant resources of seawater, sun, solar and wind, the Ponds mark the beginning of the 24-month salt Image: Water harvesting process flowing into pond 3 23 23
Slide 24: Seawater transfers into advanced solar crystallisers
Once the seawater makes its way through all 9 ponds, it transfers into advanced solar crystallisers For personal use only Water reaching transfer station 3/4 24
Slide 25: Seawater transfers into advanced solar crystallisers
Once the seawater makes its way through all 9 ponds, it transfers into advanced solar crystallisers For personal use only Water reaching transfer station 3/4 25
Slide 26: All ponds now operational
For personal use only With all Ponds now operational, the balance of construction at Mardie continues to track to budget and schedule. Image: Water flowing Mardie is set to become the 3rd into Pond 8 26 largest Salt asset globally.
Slide 27: For personal use only
For personal use only Image: Secondary seawater intake 27 27
Slide 28: Jetty head installation under construction
Image: Under construction, the Jack-up barge arrives at Mardie to install the jetty head For personal use only Salt crystals will be washed/processed onsite, then loaded onto Mardie's Jetty for shipment to our customers in Asia 28
Slide 29: Jetty head installation under construction
Image: Under construction, the Jack-up barge arrives at Mardie to install the jetty head For personal use only Salt crystals will be washed/processed onsite, then loaded onto Mardie's Jetty for shipment to our customers in Asia 29