Bci Minerals Ltd · ASX:BCI
Bci Minerals — ASX CEO Connect (March 2025)
22 slides from Bci Minerals's conference presentation, Mar 4, 2025
Slide 1: On track to deliver world-class industrial salt
On track to deliver world-class For personal use only industrial salt 4 March 2025 ASX Code: BCI
Slide 2: BCI Minerals
BCI Minerals Our vision is to create long-term For personal use only sustainable opportunities and value for our team, communities, and shareholders. Our purpose is to develop and operate Salt construction and working capital fully funded the Mardie Project to consistently deliver low-cost, world-cl
Slide 3: Australia's largest solar salt project and third globally
Australia’s largest solar salt project and third globally Broome For personal use only Largest existing solar salt operations globally1 Mardie Salt and Potash Project Karratha Guerroro Negro [Mexico] 38km long, ~115 km2 footprint Hajipir [India] Exmouth Newman Mardie Salt/SOP project [WA] 5.35Mtpa s
Slide 4: Why Salt: essential for 1000's of products
Why Salt: essential for 1000’s of products For personal use only 4 4
Slide 5: On track to deliver revenue next year
Operations On track to deliver revenue next year Federal approval of the resubmitted GMMP1 expected soon, enabling ponds 4 onwards to be filled. For personal use only 5 Completed ✓ WA Government approved resubmitted GMMP1 ✓ Offtake agreements in place ✓ Transhipment agreement executed ✓ Operations c
Slide 6: Construction on schedule and on budget
Construction on schedule and on budget Project budget (AUDM) For personal use only 1,443 3 524 • Project on schedule for first salt next year 919 • Project on budget and fully 757 162 funded 5 56% complete 56% complete 6 Spent Committed Uncommitted Budget 64% of project expenditure locked in, signif
Slide 7: Forecast supply shortfall is positively affecting salt
Forecast supply shortfall is positively affecting salt Asia Demand vs Supply1 price forecast Positive salt 240 230 Mardie first market outlook 220 salt on ship Forecast Supply shortfall +16% For personal use only 210 Mt Marketing strategy: committed sales - 70% to 200 Keyofofftake 80% production,agr
Slide 8: Steady Future Cashflow
Steady Future Cashflow1 Forecast strong operating cashflow to underpin sustainable returns for shareholders 800 Potential for first dividend2 $255M pa. Average cashflow available to equity holders For personal use only 600 400 200 0 -200 -400 -600 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 20
Slide 9: Investment highlights
Investment highlights For personal use only Premium product, Favourable Sales agreements Strong forecast Short-runway to large scale market outlook in place returns profitability ✓ Salt producing region ✓ Forecast supply shortfall ✓ Secured 62% offtake volume ✓ 60+ years ✓ Salt first EBITDA: ~$286M1
Slide 10: Important Notices
Important Notices Not an Offer of Securities This document has been prepared by BCI Minerals Limited ABN 21 120 646 924 (BCI). This document does not constitute or contain an offer, invitation solicitation or recommendation with respect to the purchase or sale of any security in BCI. This document i
Slide 11: Important Notices (continued)
Important Notices (continued) No Financial data All dollar values are in Australian dollars (A$ 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
Slide 12: Appendices
For personal use only Appendices 12
Slide 13: BCI Minerals
BCI Minerals For personal use only We are a values driven company developing sustainable minerals for the modern world through the Mardie Salt and Potash Project Our vision is to create long-term sustainable opportunities and value for our team, communities, and Our values form the backbone of our c
Slide 14: Salt production process
6 Salt production process The wash plant reduces and 1 Water pumped from the Indian 5 Ocean 2 removes impurities to ensure our salt is of a consistent high quality to For personal use only meet market specifications 5 The salt is transported to the port, 2 Sea water passes through 9 6 conveyed along
Slide 15: For personal use only
A group of people standing on rocks AI-generated content may be incorrect. For personal use only
Slide 16: Mardie is expected to produce 5.3mtpa of industrial salt and 140ktpa SOP
For personal use only Mardie is expected to produce 5.3mtpa of Industrial Salt and 140ktpa of Sulphate of Potash for global markets Image: Water flowing through ponds 1 to 3 16 16
Slide 17: 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: Commissioning of transfer station 2/3 17
Slide 18: Ponds mark the beginning of the 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 harvesting process Image: Water flowing into pond 3 18 18
Slide 19: 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 19
Slide 20: Jetty head installation and shipment to Asia
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 20
Slide 21: Balance of construction continues to track to budget and schedule
For personal use only With Ponds 1-3 operational, the balance of construction at Mardie continues to track to budget and schedule. Image: Rock Mardie is set to become the 3rd armour on Pond 8 seawall 21 largest Salt asset globally.
Slide 22: Construction of the secondary seawater intake
For personal use only Image: Construction of the secondary 22 22 seawater intake