Highlights

  • BCI Minerals is developing the Mardie Salt & Potash Project in Western Australia’s Pilbara region.
  • Mardie reached 85% overall construction completion as at 30 June 2026.
  • The project is supported by available funds of A$423 million.
  • NAIF and EFA project finance facilities provide additional funding support for development.

BCI Minerals Ltd (ASX:BCI) continues to progress its flagship Mardie Salt & Potash Project in Western Australia’s Pilbara, moving closer to establishing a large-scale salt and potash operation. The project represents a major development opportunity for the company and is positioned to provide long-term exposure to the global Demand for essential minerals.

With construction advancing and funding support in place, BCI remains focused on completing the infrastructure required to bring Mardie towards production.

Mardie Progress

The Mardie Salt & Potash Project is the centrepiece of BCI Minerals’ growth strategy and is being developed as an integrated operation in the Pilbara region.

As at 30 June 2026, the project had reached 85% overall construction completion, marking a significant milestone in the development timeline.

The construction progress reflects continued advancement across key project areas and brings BCI closer to transitioning from a development-stage company towards an operating producer.

Project Potential

Mardie is designed to produce salt and potash products, providing BCI with exposure to two important Commodity markets.

Salt is widely used across industrial applications, while potash plays a critical role in global agriculture as a key fertiliser input.

The project’s location in Western Australia’s Pilbara region provides access to established Mining infrastructure and a globally recognised resources jurisdiction.

Successful delivery of Mardie could establish BCI as a significant participant in the global salt and potash Supply chain.

Funding Position

BCI Minerals maintained a strong funding position to support ongoing project development, with available funds totalling A$423 million.

The company’s funding position is supported by project finance facilities from the Northern Australia Infrastructure Facility (NAIF) and Export Finance Australia (EFA).

Access to these facilities provides additional financial support as BCI advances construction and works towards completion of the Mardie project.

Maintaining funding flexibility remains important as the company moves through the final stages of a major infrastructure development.

Growth Outlook

BCI’s future growth is closely linked to successful completion and commissioning of the Mardie project.

The company’s strategy centres on establishing a long-life salt and potash operation capable of generating sustainable production and cash flow.

As global demand for agricultural inputs and industrial minerals continues, Mardie provides BCI with exposure to long-term market themes.

The completion of remaining construction activities and transition towards operations will remain key upcoming milestones.

Investor Focus

Investor attention is expected to remain focused on construction completion, commissioning progress and the company’s ability to deliver the Mardie project within its development framework.

The combination of significant project progress, funding support and exposure to essential commodities provides BCI with a distinctive position within the resources sector.

However, execution during the final development stages will remain critical to achieving future production objectives.

Risks Ahead

BCI Minerals faces risks associated with large-scale project development, including construction execution, commissioning timelines, Capital management and operational ramp-up.

Changes in commodity prices, project costs or market conditions could also influence future financial outcomes.

The successful transition from construction to production will be a key Factor determining the company’s long-term performance.

Conclusion

BCI Minerals (ASX:BCI) is advancing towards a major milestone with the Mardie Salt & Potash Project reaching 85% construction completion by 30 June 2026. Supported by available funds of A$423 million and project finance facilities from NAIF and EFA, the company is progressing one of Western Australia’s significant resource developments.

As BCI moves closer to production, successful project delivery and operational execution will remain central to unlocking the long-term value of Mardie.