The 100% owned Mardie Salt Project is located on the coast in the West Pilbara region, approximately 50km south-west of BCI’s proposed Cape Preston East Port.

The Mardie Salt Project is favourably located in Australia’s major solar salt producing region and presents the key prerequisites for a solar salt operation, being:

  1. Access to natural channels feeding a brine source (seawater) to the project area;
  2.  A hot dry and/or windy climate with a predictable dry season; and
  3. An area of flat land with low permeability that is suitable for the construction of evaporation ponds.

BCI has completed a positive Scoping Study on the Mardie Salt Project. Key outcomes and metrics from the Scoping Study are set out below, highlighting the potential value of the Mardie Salt Project. 

  • Production of 3.0-3.5Mtpa of high purity industrial-grade sodium chloride salt from seawater via a solar evaporation, crystallisation and raw salt purification; 
  • Operating life of 20 years. However, given the input resource is seawater, the Mardie Salt Project could have a materially longer life with an appropriate sustaining capital model.
  • Export of salt via BCI’s proposed Cape Preston East Port;
  • Estimated capital costs of A$225-255M and estimated operating costs of A$19-21/t FOB; and
  • Pre-tax NPV10 of A$290-380M, pre-tax IRR of 25-27% and EBITDA of A$80-100M per annum.

For further details on the Scoping Study, refer BCI’s announcement dated 18 July 2017.

BCI has commenced a Pre-feasibility Study on the Mardie Salt Project, which is due to be completed by March 2018.

BCI’s strategy for the Mardie Salt Project is to secure a partner following completion of the Pre-Feasibility Study, to co-fund Feasibility Study costs and construction costs.