BCI Minerals Limited (ASX:BCI) ("BCI") is an Australian-based resources company that is developing an industrial minerals business supported by iron ore earnings.
BCI’s focus is on advancing its 100% owned Mardie Project, a potential salt and sulphate of potash (“SOP”) operation located on the West Pilbara coast in the centre of Australia's key salt production region. BCI has completed a positive Pre-Feasibility Study on a solar evaporation operation producing 3.5Mtpa salt and 75ktpa SOP and intends to complete a Definitive Feasibility Study in 2019.
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.
Buckland is an iron ore development project located in the West Pilbara region of Western Australia, comprising potential mines at Bungaroo South (258Mt Resource) and Kumina (115Mt Resource), and a proposed 20Mtpa Cape Preston East Port facility.
In addition to these projects, BCI is a joint venture partner of Kalium Lakes Limited (ASX:KLL) in the Carnegie Potash Project, and owns exploration tenements at Marble Bar and Black Hills in the Pilbara, Peak Hill in WA’s Midwest region, and Munglinup in southern WA.
The Company’s portfolio also includes potential iron ore royalties over the Nullagine (FMG), Koodaideri South (Rio Tinto) and Extension (AAMC) tenements.