PriceSensitive

BCI Minerals (ASX:BCI) secures construction approvals at Mardie

ASX News, Materials
ASX:BCI      MCAP $663.4M
18 February 2022 12:10 (AEST)
BCI Minerals (ASX:BCI) - Outgoing Managing Director, Alwyn Vorster

Source: CEO Magazine

BCI Minerals (BCI) has secured approvals for main construction at its Mardie Salt and Potash project on the Pilbara coast of Western Australia.

The company said the approvals in conjunction with a recently secured mining tenure have allowed the main construction of the definitive feasibility study footprint to commence.

Mardie will ultimately include a 100 square kilometre evaporation pond and crystalliser system, two processing plants and a new export facility which will produce 5.35 Mtpa of salt and 140 ktpa of sulphate of potash fertiliser, driven sustainably by inexhaustible seawater and 99 per cent natural sun and wind energy.

The initial main construction work will focus on the completion of the seawater intake station and Pond 0, followed by Pond 1, Pond 2 and the 200 bed Mardie village.

The company is aiming to complete the construction of Pond 1 and fill it with seawater within six months, which will represent the commencement of production to achieve first salt sales in late 2024.

BCI Minerals Managing Director Alwyn Vorster says the approvals represent a significant step in development.

“This is a historic milestone for BCI and the culmination of four years’ work by our dedicated team,” he said.

Shares were trading 1.28 per cent higher at 39.5 cents at 12:10 pm AEDT.

Related News