- BCI Minerals (BCI) is granted mining leases for the Mardie Salt and Potash Project
- Three leases were permitted by the Department of Mines, Industry, Regulation and Safety for BCI’s wholly-owned project, located on the Pilbara coast of Western Australia
- The grant of mining leases follows the completion of land access agreements with gas pipeline easement holders, pastoral lease holders and native title parties, and are valid for an initial term of 21 years
- Additional tenements acquired by the company will be subject to further assessments and an additional mining lease application over the next 12 months
- BCI Minerals last traded at 41 cents on February 8
BCI Minerals (BCI) has been granted mining leases for the Mardie Salt and Potash Project.
Three leases were permitted by the Department of Mines, Industry, Regulation and Safety for its wholly-owned project, located on the Pilbara coast of Western Australia.
The leases are valid for an initial term of 21 years, expiring on February 2, 2043, with further extensions available, subject to approval.
The grant of mining leases follows the completion of land access agreements with gas pipeline easement holders, pastoral lease holders and native title parties.
With all Mining Act tenure and primary environmental approvals in place ahead of a definitive feasibility study, secondary approvals allowing construction are now underway.
“Securing the Mining Leases is a watershed moment for BCI,” said BCI’s Managing Director, Alwyn Vorster.
“It follows four years of studies, surveys, consultation, access agreements and approvals and evidences our strong relationships across a broad spectrum of stakeholders.”
“Main construction is set to commence imminently following secondary approvals, which keeps our target for first salt sales in Q4 2024 on track and in sight.”
Additional tenements acquired by the company will allow for a project layout optimisation and will be subject to further assessments, and an additional mining lease application over the next 12 months.
BCI Minerals last traded at 41 cents on February 8.