Bci Minerals Ltd · ASX:BCI
Bci Minerals — Corporate Update (October 2026)
29 slides from Bci Minerals's corporate update, Oct 20, 2026
Slide 1: September 2026 Quarterly Update
ASX Code: BCI rsonal use only September 2026 Quarterly Update This presentation should be reviewed alongside the September 2026 Quarterly Report, available on our website 20 October 2026
Slide 2: Our Values
rsonal use only Our Values Be Part of Win As We Do What We Be Find A Something One Team Say Yourself Way 2 September 2026 Quarterly Update
Slide 3: Our Business
Our Business rsonal use only 3 September 2026 Quarterly Update
Slide 4: Health and Safety
Health and Safety rsonal use only 620 316 2.7 Leadership Critical Control Total Recordable Injury interactions verifications Frequency Rate (TRIFR) 4 September 2026 Quarterly Update
Slide 5: Crystalliser commissioning progress
Crystalliser commissioning progress rsonal use only 266kt 12 Crystallised salt Completed crystalliser cells 2 May 27 Fully crystallised Target for lining cells needed to completion achieve FSOS 5 September 2026 Quarterly Update
Slide 6: Brine management supporting inventory growth
Brine management supporting inventory growth rsonal use only Concentrated brine from seawater High Density Brine Grow and harvest Harvestable Inventory Structurally required for safe harvest xx Permanent Pavement Crystalliser lining for more predictable harvest Graphic representation of Mardie cryst
Slide 7: Evaporation's role in the production of salt
Evaporation’s role in the production of salt rsonal use only High evaporation – faster production Sun, dry winds and minimal rainfall 100% / Steady Low state evaporation – slower production Lower temperatures, cloud and rain -/+ 6-months Shorter Longer timeframe timeframe 7 September 2026 Quarterly
Slide 8: Roadmap to Salt Revenue
Roadmap to Salt Revenue 90% Complete 1 July 2026 rsonal use only 12 crystallisers filled Crystalliser lining complete Mardie Salt CY2026 CY2027 Construction of salt First salt Salt wash plant wash plant progressing harvest complete Dredging Port construction Jetty wet commissioning complete complete
Slide 9: Salt wash plant
Salt wash plant 70% Complete All construction packages awarded. rsonal use only Works progressing in line with budget and on schedule to meet first salt harvest target. Quarter ended 30 September 2026: Utilities and services installed 5 Structural steel delivered Screw classifiers installed
Slide 10: Port of Mardie
Port of Mardie 98% Complete rsonal use only Dredging Navigation Aids Complete Complete Conveyor belt Operational Readiness1 Installation commenced Commenced 1. Operational readiness includes port operational documentation submitted to Pilbara Ports and 10 September 2026 Quarterly Update relevant gov
Slide 11: Balance of construction
Balance of construction Construction 114 1,4431 64 rsonal use only 1,265 1,329 5 90%2 Construction remaining: Balance of Crystalliser lining; Salt Wash Plant, Jetty & PPA Road complete 6 Spent Committed Uncommitted Budget 1 Salt-first construction budget $1,443M 2 The reported completion rate exclud
Slide 12: Salt-first construction and working capital fully funded
Salt-first construction and working capital fully funded Mardie Salt and Potash Project Is 38km long, ~115km footprint 2 rsonal use only Debt facility maturity drawdown profile �m �178M 500 NAIF 450 400 Estimated construction 350 cost to complete 300 Commercial 250 200 �316M EFA 150 100 Available li
Slide 13: Asian Salt Market Outlook
rsonal use only Asian Salt Market Outlook +37mtpa +10mtpa 10-year demand outlook1 10-year supply outlook2 27mtpa 5.35mtpa 10-year supply shortfall Mardie nameplate capacity 1 Wood Mackenzie April 2026 Salt Market Report 13 September 2026 Quarterly Update 2 Includes 5.35mtpa from Mardie
Slide 14: Sulphate of Potash (SOP) – Pilot Plant
Sulphate of Potash (SOP) – Pilot Plant rsonal use only 1 July 2026 Construction Contract Detailed design Plant arrival at Full scale Awarded complete Mardie FID SOP Pilot CY2026 CY2027 Piloting approx. 12 months Plant FEED and batch test Procurement and modular Plant work complete construction comme
Slide 15: Our commitment to sustainability
Our commitment to sustainability rsonal use only 5x Environmental monitoring programs completed Indigenous Engagement Strategy endorsed by WAC Community partnerships renewed for 2027 Karratha Kangaroos Rugby League Mesquite control End of Season Ceremony Mhairi Cameron presenting at Pilbara Summit 1
Slide 16: BCI investment fundamentals
BCI investment fundamentals rsonal use only The world Salt is Annuity style needs salt sustainable return profile Broad range of uses Abundant natural Revenue imminent resource Increasing demand Positive operating cash 99% of energy from the flow to follow High entry barriers sun and t
Slide 17: Important Notices
Important Notices rsonal 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 BCI.
Slide 18: Important Notices (continued)
Important Notices (continued) rsonal 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 released to
Slide 19: Salt forming in crystallisers
Salt forming in crystallisers rsonal use only 19 September 2026 Quarterly Update
Slide 20: Crystalliser lining
Crystalliser lining rsonal use only 20 September 2026 Quarterly Update
Slide 21: Crystalliser lining
rsonal use only Crystalliser lining 21 September 2026 Quarterly Update
Slide 22: Crystalliser lining
rsonal use only Crystalliser lining 22 September 2026 Quarterly Update
Slide 23: First Salt forming in crystallisers
First Salt forming in crystallisers rsonal use only 23 September 2026 Quarterly Update
Slide 24: Structural steel installation at salt wash plant
Structural steel installation at salt wash plant rsonal use only 24 September 2026 Quarterly Update
Slide 25: Steel assembly at salt wash plant
Steel assembly at salt wash plant rsonal use only 25 September 2026 Quarterly Update
Slide 26: Conduit installation at salt wash plant
rsonal use only Conduit installation at salt wash plant 26 September 2026 Quarterly Update
Slide 27: Dredging – Navigation aids
Dredging – Navigation aids rsonal use only 27 September 2026 Quarterly Update
Slide 28: Dredging complete
Dredging complete rsonal use only 28 September 2026 Quarterly Update
Slide 29: Marine works complete
rsonal use only Marine works complete (including berth piles, catwalk installation and navigation aids) 29 29 September 2026 Quarterly Update