BCI Minerals (BCI) investor relations material

Project progress and milestones

• Mardie Salt project remains on budget and schedule, with first salt shipment expected in H2 CY26.

• 80% of salt construction is complete, and crystalliser filling began in Q1 CY26.

• $566 million in available funds as of February 2026, supporting ongoing construction and working capital.

• Port construction is 94% complete, with a 20mt annual capacity and 14.5mt surplus capacity.

• Roadmap includes salt wash plant commissioning and first salt harvest in CY2026.

Market outlook and offtake agreements

• Three binding offtake agreements secured with tier 1 customers in China, Indonesia, Japan, Korea, and Taiwan.

• 62% of forecast production for the first three years is committed under these agreements.

• Salt pricing is negotiated annually, with CY27 pricing set in H2 CY26.

• Salt market outlook is positive, with a forecast supply shortfall supporting higher prices.

Product portfolio and process

• Solar salt is produced with >97% purity, with premium grades exceeding 99.8% purity.

• Salt is used across diverse industries, including aluminium, glass, food, and medical sectors.

• The solar salt process also yields valuable bitterns, enabling production of sulphate of potash (SOP) and other minerals.