BCI Minerals Keeps Mardie Salt Project on Budget as First Shipments Near

BCI Minerals Ltd ( (AU:BCI) ) has shared an update.

BCI Minerals reports that construction of its Mardie Salt project remains on budget and on schedule, with crystalliser filling having commenced in the first quarter of calendar 2026 and operational pond density levels stabilising between 1.18 and 1.22 kilograms per litre. The company expects to reach 80% completion of initial salt construction, have 57% of crystalliser surface area in operation by the end of 2026, ship first salt in the second half of 2026, and deploy its $566 million in available funds toward completing construction and supporting working capital needs.

These milestones indicate that Mardie is on track to generate salt revenue this year, underpinning BCI’s transition from project development to production and reinforcing its positioning as a new large-scale supplier in the salt market. The substantial funding buffer and adherence to budget and schedule are likely to reassure investors and stakeholders about execution risk and the project’s ability to deliver near-term cash flow and longer-term operational stability.

The most recent analyst rating on (AU:BCI) stock is a Sell with a A$0.38 price target. To see the full list of analyst forecasts on BCI Minerals Ltd stock, see the AU:BCI Stock Forecast page.

More about BCI Minerals Ltd

BCI Minerals Ltd is an Australian resources company focused on developing the Mardie Salt project, aimed at producing high-purity salt through large-scale evaporation ponds and crystallisers. The company operates in the industrial minerals sector, targeting export markets for salt and related products as it advances construction toward full operational capacity.

Average Trading Volume: 1,097,070

Technical Sentiment Signal: Hold

Current Market Cap: A$1.1B

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