Business Summary

BCI Minerals Limited is an Australia-based mineral resources company, which is engaged in developing an industrial minerals business, with salt and potash as its initial focus. The Company is focused on its 100% owned Mardie Salt & Potash Project, located on the Pilbara coast in the center of Western Australia's key salt production region. The Company’s projects include Mardie Salt and Potash, Iron Valley and Carnegie Potash, which is owned by the Company’s subsidiary, Mardie Minerals Pty Ltd (BCI). Mardie is focused to produce 5.35 million ton per annum (mtpa) of high-purity salt and 140 kilo ton per annum (ktpa) of sulphate of potash via solar evaporation of seawater. Iron Valley is an operating mine located in the Central Pilbara, which is being operated by Mineral Resources Limited (MIN) under royalty-type agreement. The Carnegie Project is a potash exploration project located approximately 220 kilometers north-east of Wiluna, which consists of one granted exploration license.