Bci Minerals Ltd · ASX:BCI
Bci Minerals — Shareholder Meeting (November 2024)
25 slides from Bci Minerals's shareholder meeting presentation, Nov 22, 2024
Slide 1: Annual General Meeting 22 November 2024
Annual General Meeting 22 November 2024 For personal use only This presentation should be reviewed alongside the AGM Chair and Managing Director’s Address, available on our website.
Slide 2: Acknowledgement of Country
For personal use only Acknowledgement of Country 2
Slide 3: Board of Directors
Board of Directors Mr Brian O'Donnell Ms Gabrielle Bell Hon. Mr Richard Court AC For personal use only Chair (Non-executive) Director (Non-executive) Director (Non-executive) Appointed in October 2014. Appointed in January 2023. Appointed in January 2021. Member of the Audit and Risk Committee Chair
Slide 4: Senior Leadership Team
Senior Leadership Team Ms Stephanie Majteles Dr Shaun Meredith Mr Steve Fewster For personal use only General Counsel & Head of Environment & Chief Financial Officer Company Secretary Heritage Ms Tammie Miller Mr Alan Perry Mr Tim Deighton Head of External Affairs Manager Operations Project Director
Slide 5: BCI Minerals
BCI Minerals We are a values driven company For personal use only developing sustainable minerals for the modern world through the Mardie Salt and Potash Project Our vision is to create long-term Our values form the backbone of our culture and define how we operate every day sustainable opportunitie
Slide 6: The Mardie Salt and Potash Project
The Mardie Salt and Potash Project Broome For personal use only Mardie Salt and Potash Project Karratha Exmouth Newman Largest in Third largest 5.3Mtpa of salt and Australia globally 140ktpa of SOP1 for 60 years Geraldton Kalgoorlie 1 FEED studies are currently underway to understand the full Perth
Slide 7: March 2022 – September 2024
For personal use only 25 March 2022 10 September 2024 7
Slide 8: FY24 in review
FY24 in review Mardie Salt and Potash Project 1 44% Salt first construction $690M Cumulative For personal use only progress expenditure Delivering on our commitments $218M $683M Contracts awarded in Construction spend Robust safety performance during FY24 FY24 Salt-first Project fully funded Fin
Slide 9: David Boshoff, Managing Director
For personal use only David Boshoff Managing Director
Slide 10: Our values form the backbone of our culture
Our values form the backbone of our culture and define how we operate every day. For personal use only Be Part Win As We Do Be Yourself Find A Way Of Something One Team What We Say 10
Slide 11: People and Safety
People and Safety1 We place the highest priority on providing a safe and healthy working environment for all staff and For personal use only contractors 0 Fatalities and Permanent 698 Critical Control 6.4 Total Recordable Disabling injuries Verifications Injury Frequency Rate 32% 7.4% 3.7 Female emp
Slide 12: Supported by our Partners
Supported by our Partners Design and engineering For personal use only Contractors Finance Environment and approvals Community 12
Slide 13: Key Approvals Highlights
Key Approvals Highlights For personal use only Tenure Mining Leases M08/538 and M08/539 for the Optimised Mardie Project (OMP) granted1 Agreements Infrastructure Development Agreement (IDA) with Pilbara Ports Environmental OMP approved by WA Government 2 OMP approved by the Commonwealth Gove
Slide 14: Key progress through FY24
Key progress through FY24 Offtake Agreement Crystalliser secured construction For personal use only commenced North-West Mardie Road Implemented Executed the Ponds 6 & 7 Marine Transfer Jetty Coastal completed new values Syndicated construction structure station 2/3 reached Highway Facility commence
Slide 15: The Mardie Project is on schedule and on budget
The Mardie Project is on schedule and on budget1 Key Milestones FY25 FY26 FY27 2027 First Fill Q1 FY25 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2024 2025 For personal use only First Salt Harvested Q2 FY27 Brine Transfer Stations & Distribution Circuit Brine & Waste Bitterns Sea Water First Salt Shipped3
Slide 16: For personal use only
For personal use only 16 16
Slide 17: For personal use only
For personal use only 17 17
Slide 18: Attractive and sustainable operational and economic performance
Attractive and sustainable operational and economic performance For personal use only RESOURCES PRODUCTION NPV • 5.3Mtpa of industrial salt and up to 140 • Salt & SOP NPV $2.6B3 • Abundant resource ktpa of SOP1 • Salt First NPV $1.8B3 • 99% of energy from the sun and wind • Long life 60+ years. • FS
Slide 19: Financial highlights
Financial highlights For personal use only Salt phase fully funded Covering the $1,443M capital cost 1 Market Capitalisation (30 June 2023) $278M Market Capitalisation2 $880M ICBC Ryder $90.5M Other 9% Cash and Cash Equivalents (31 Oct 2024) $137M Shareholders Westpac 23% $90.5M Available Project
Slide 20: Demand in Asian markets driving key offtake arrangements
Demand in Asian markets driving key offtake arrangements Asian market growth is forecast to reach 248Mtpa in 20401. For personal use only China South Korea +23% +1% 4 9 Japan 167 Flat% Chandra Asri binding offtake agreement signing ceremony South Asia 46 Taiwan 6 +80% +6% 11 Other East / SE Asia +43
Slide 21: Positive market thematics
Positive market thematics Asia Demand vs Supply1 Salt Price Forecast1 Salt Mt For personal use only US$/t CFR 260 66 250 65 240 64 230 63 62 220 61 210 60 200 59 190 58 180 57 170 56 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Forecast demand Operating supply Supply + publicly announ
Slide 22: FY25 Focus and Outlook
Delivering Australia’s newest and largest solar salt operation FY25 Focus and Outlook For personal use only Safety Operations Construction Cost and cash management 22
Slide 23: BCI Minerals contact details
For personal use only BCI Minerals is an Australian-based mineral resources company which is operating an industrial minerals business, with salt and potash as its initial focus. BCI Minerals is developing its 100 per cent owned Mardie Salt and Potash Project, a potential Tier One project located on
Slide 24: Important Notices
Important Notices Not an Offer of Securities This document has been prepared by BCI Minerals Limited ABN 21 120 646 924 (BCI) in relation to its quarterly results for the quarter ended 31 March 2024. This document does not constitute or contain an offer, invitation solicitation or recommendation wit
Slide 25: 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 statements and information released to ASX (collectivel