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BCI Minerals Pushes Mardie Project to 77% Completion and Strengthens Balance Sheet

Story Highlights
  • BCI Minerals advanced its Mardie salt and potash project to 77% completion, with brine performance on target and key construction milestones achieved.
  • The company drew further debt, converted notes to equity, reduced borrowings, and deepened Indigenous partnerships to support a pivotal phase of project delivery.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
BCI Minerals Pushes Mardie Project to 77% Completion and Strengthens Balance Sheet

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The latest announcement is out from BCI Minerals Ltd ( (AU:BCI) ).

In the December 2025 quarter, BCI Minerals advanced construction of its Mardie Salt Operation and Potash Project to 77% completion, with crystalliser lining underway, major earthworks for the salt wash plant and stockyard finished, and all primary approvals secured for offshore placement of dredged material from the Port of Cape Preston West program. Operational readiness also improved, with brine levels and densities across ponds 1 to 9 tracking to plan, trial SOP crystallisers achieving steady-state performance, and safety field leadership intensifying. On the corporate front, BCI drew a further $99.8 million from its syndicated debt facility, converted all Series 1 Convertible Notes held by AustralianSuper into equity—reducing borrowings by $29.1 million—and agreed a two-year capacity-building program with the Wirrawandi Aboriginal Corporation, reinforcing both its capital position and community partnerships as it enters a pivotal delivery phase for Mardie.

The most recent analyst rating on (AU:BCI) stock is a Sell with a A$0.42 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 ASX-listed resources company developing the Mardie Salt Operation and Potash Project in Western Australia. The project focuses on producing high-purity salt and sulphate of potash (SOP) through large-scale solar evaporation ponds and crystallisers, targeting global industrial and agricultural markets.

Average Trading Volume: 664,172

Technical Sentiment Signal: Buy

Current Market Cap: A$1.32B

See more data about BCI stock on TipRanks’ Stock Analysis page.

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