Bci Minerals Ltd · ASX:BCI
Bci Minerals — Shareholder Meeting (November 2025)
23 slides from Bci Minerals's shareholder meeting presentation, Nov 21, 2025
Slide 1: 2025 Annual General Meeting
21 November 2025 For personal use only 2025 Annual General Meeting This presentation should be reviewed alongside the AGM Chair and Managing Director’s Address, available on our website ASX Code: BCI
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 and Mardudhunera People as the Mardie Traditional Owners, and the For personal use only Whadjuk People of the Noongar Nation in Perth. W
Slide 3: Board of Directors
Board of Directors Mr Brian O'Donnell Mr David Boshoff For personal use only Chair (Non-executive) Managing Director Appointed in October 2014. Appointed in November 2022. Member of the Audit and Risk Committee. Ms Gabrielle Bell Hon. Mr Richard Court AC Director (Non-executive) Director (Non-execut
Slide 4: Senior Leadership Team
Senior Leadership Team For personal use only Mr Steve Fewster Ms Tammie Miller Chief Financial Officer Head of People & External Affairs Mr Robert Mancini Dr Shaun Meredith Chief Legal & Commercial Head of Environment & Officer Heritage Mr Tim Deighton Ms Mhairi Cameron Project Director General Mana
Slide 5: For personal use only
For personal use only Image: Commencement of operations on 10 September 2024 5 2025 AGM
Slide 6: Key approvals
Key approvals For personal use only Sept 2024 Optimised Mardie Project1 April 2025 Updated Ground Water Monitoring and Management Plan2 Ongoing Key Management Plans In progress Sea Dumping Approvals 1 Refer to ASX Announcement dated 10 September 2024 “Approval to Commence Operations at the Mardie Pr
Slide 7: FY25 Highlights
FY25 Highlights Strengthened safety performance For personal use only Construction reached 69% completion1 Fully funded, on schedule and within budget Operations commenced with over 146 gigalitres of water pumped across nine ponds1 Successfully satisfied conditions to achieve Financial Close to unlo
Slide 8: Forecast supply shortfall is positively affecting salt
Forecast supply shortfall is positively affecting salt Positive Salt 240 Asia Demand vs Supply1 price forecast Market Outlook 230 Mardie first salt on ship 220 For personal use only Forecast Supply +16% shortfall 210 Mt Three binding Offtake Agreements 200 with tier 1 customers: 190 ✓ Markets: China
Slide 9: Cape Preston West Port
Cape Preston West Port The BCI Minerals Cape Preston West Port increases export For personal use only capacity in the Pilbara ✓ Multi-user port, providing valuable access for the region to global markets ✓ Construction is over 93 per cent complete1 ✓ Loading of up to Newcastle Max vessels ✓ Surplus
Slide 10: 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 For personal use only ASX: BCI Rolling Shares on issue1 12-month 2,888M 0.45 10.0 M 9.0 M Market capitalisation (30-day VWAP) $1.2B 0.40 8.0 M 0.35 7.0 M Cumulati
Slide 11: 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 12: Managing Director David Boshoff
Managing Director David Boshoff For personal use only 12 2025 AGM
Slide 13: 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 Be Part of Win As We Do What Be Find A deliver low-cost, world-class, Something
Slide 14: People and Safety
People and Safety1 We place the highest priority on providing a safe and healthy For personal use only working environment for all employees and contractors 0 Fatalities and 842 Critical Control 2.3 Total Recordable Injury Permanent Verifications Frequency Rate Disabling Injuries 31% Female 69% Male
Slide 15: Operations
Operations 93% pond surface inundation1 - pond 9 density on track to produce high grade industrial salt For personal use only 1.24 1.22 • Each of the 9 ponds must reach target density to produce high-quality salt 1.20 Operational Density Range • The chart illustrates the impact varying 1.18 weather
Slide 16: Timeline of Progress
Timeline of Progress For personal use only Commissioning of first crystallisers Pond seven completed Filling of pond four and eight commenced Operations commenced First cash draw down Filling of pond six Pond three commenced Jetty head piling completed Pond six Transfer stations 5/6 and 6/7 filling
Slide 17: 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 ✓ Full-scale SOP production is anticipated to deliver estimated EBITDA of $99 million per annum ✓ Salt component fully funded; SOP pilot pl
Slide 18: Sustainability
Sustainability For personal use only Environmental survey Offset Program with O2 Marine and research document $39M spent with Traditional Owners published by WAMSI Pilbara businesses KDCCI Business KSHS– Positive Behaviour Continued support for Excellence Awards Support program PKUC scholarships 18
Slide 19: Salt-first Roadmap to Revenue
Salt-first Roadmap to Revenue Major milestones to achieve revenue from industrial salt and the Cape Preston West Port For personal use only Mardie Salt Completion of Earthworks and First crystalliser Dredging Salt wash plant First harvest crystallisers procurement for filled Commenced construction w
Slide 20: Supported by our partners
Supported by our partners For personal use only Design and engineering Contractors Suppliers Finance Environment and Heritage Community 20 2025 AGM
Slide 21: Thank You
For personal use only 21 2025 AGM Thank You
Slide 22: 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 23: 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…