BCI Minerals Limited (ASX:BCI) (“BCI“) is an Australian-based resources company that is developing an iron ore and industrial minerals business.
Iron Valley is an operating iron ore mine located in the Central Pilbara region of Western Australia, which is operated by Mineral Resources Limited (ASX:MIN). Iron Valley is generating quarterly royalty earnings for BCI.
BCI is currently focused on advancing two 100% owned projects, Buckland Iron Ore and Mardie Salt & SOP, which are both proposed to export product through BCI’s planned 20Mtpa Cape Preston East Port facility.
Buckland is an iron ore development project located in the West Pilbara region of Western Australia, comprising potential mines at Bungaroo South and Kumina. BCI is currently conducting a large exploration programme targeting higher grade ore from the Kumina tenements, and is progressing an Integration Study on a 15Mtpa operation. Development is proposed to occur within a future joint venture structure.
Mardie is a salt and sulphate of potash (“SOP”) project located on the West Pilbara coast in the centre of Australia’s key salt production region. BCI is completing a Pre-Feasibility Study on a solar evaporation operation producing 3.5Mtpa salt and 75ktpa SOP.
In addition to these focus projects, BCI is a joint venture partner of Kalium Lakes Limited (ASX:KLL) in the Carnegie Potash Project, which is currently at a Scoping Study stage.
BCI is progressing gold and base metals exploration on its 100% owned Marble Bar, Black Hills and Peak Hill tenements and graphite exploration on its 100% owned Munglinup tenements in Western Australia.
The Company’s portfolio also includes potential iron ore royalties over the Nullagine, Koodaideri South and Extension tenements.
Stock Exchange Listing:
Iron Ore, Potash and Salt
Stage of Development:
Development & Production
Countries of Operation:
Plans and Latest Developments:
Exploration and drilling at the Kumina tenements to define a large, high-grade iron ore Mineral Resource to support the development of a 15-20Mtpa operation at Buckland.
Confirmation of the proposed development case for Kumina and the overall Buckland Project.
Completion of a Pre-Feasibility Study on the Mardie Salt & SOP Project.
Finalisation of the ownership structures of Buckland and Mardie, enabling these projects to be funded into development.
Board of Directors:
- Brian O’Donnell – Non-Executive Chairman
- Alwyn Vorster – Managing Director
- Michael Blakiston – Non-Executive Director
- Jennifer Bloom – Non-Executive Director
- Martin Bryant – Non-Executive Director
- Andrew Haslam – Non-Executive Director
Wroxby Pty Ltd | 27.7%
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