Driving the Mardie Project
Towards Development
Corporate Presentation
21 March 2019
www.bciminerals.com.au
About BCI Minerals
▪ Based in Perth, Australia
▪ ASX listed as "BCI"
▪ Market cap of ~A$60M
▪ A$36M1 cash and zero debt
▪ Wroxby Pty Ltd - largest shareholder ~28%
▪ Key assets: - Mardie Salt & Potash: 100% owned project - Iron Valley Mine: royalty earnings
1.
As at 31-Dec-18.
SharePrice(A$)
0.25 0.20 0.15 0.10 0.05 0.00
Jan-18
Apr-18
Jul-18
Share PriceOct-18
Volume
5 4 3 2 1 0
Volume(m)
Jan-19
BCI Project Development History
BCI has a track record of funding, developing and operating mining projects
1. Nullagine Joint Venture - Iron Ore:
▪ Developed from greenfields and operated from 2010-2015
▪ BCI as manager with FMG as partner
▪ Dividends paid to shareholders: A$100M
2. Iron Valley - Iron Ore:
▪ Developed in partnership with Mineral Resources Ltd
▪ Operations from 2014 to current
▪ BCI royalty receipts to date: A$170M revenue and A$40M EBITDA
3. BCI is now focused on developing the 100% owned Mardie Salt & Potash Project
The Mardie Opportunity
Mardie is a Tier 1 long life project that can supply the
Salt and Potash growth markets in Asia
Salt as chemical feedstock
Asian Demand
MARDIE SALT &
POTASH PROJECT
Sulphate of Potash
as premium
fertiliser
Rapidly developing the 100% owned Mardie Project will create substantial long-term value for all BCI stakeholders
Salt Facts
▪ Salt (NaCl) = 40% sodium (Na) + 60% chlorine (Cl)
▪ >300Mtpa of Salt produced and consumed globally
▪ Salt production methods:
1. Solar evaporation of seawater or inland lakes
2. Mining of rock salt deposits via hard rock or solution mining methods
▪ Salt Applications:
1. Industrial / chemical / pharmaceutical: including glass, PVC, paper, textiles, medicines, oils etc.
2. Water treatment: increases purity and removes elements harmful to equipment
3. Food & Feed: preserves & flavours human food; essential element of animal nutrition
4. De-icing: improves road transport safety in winter
Global Salt Applications
▪ Salt Pricing:
- High-end chlor-alkali market requires high purity premium salt as feedstock
- High purity salt of >99.5% NaCl has sold at prices of US$40-75/t over last 10-years
- Most of high purity salt into Asia is shipped from Australia, Mexico and India
Source: Roskill 2017 Salt Market Report.
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Disclaimer
BCI Minerals Limited published this content on 21 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 March 2019 23:44:09 UTC