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BCI Minerals Limited

BCI Minerals has substantial assets in iron ore, salt and sulphate of potash (SOP) along with early stage exploration projects – all supported by cash flow from its Iron Valley royalty stream.

  • BCI Minerals has substantial assets in iron ore, salt and sulphate of potash (SOP) along with early stage exploration projects – all supported by cash flow from its Iron Valley royalty stream.
  • Improving economics on the Buckland Iron Ore Project with higher production rates (15 – 20 Mtpa) and the potential to source higher grade ore from the Kumina tenements could transform this project.
  • Earlier this year Sinosteel signed a non-binding MOU to review its potential participation in the project.
  • Kumina itself is a potential game changer. Exploration on these tenements is identifying high grade iron ore deposits (Kumina E and J deposits) with maiden resource estimates to be announced in June 2018. Recent drill intersections from Kumina J include:
    • 46m at 61.9% Fe from surface (KRC0134)
    • 42m at 62.2% Fe from 2m (KRC0136)
  • Kumina can support the Buckland project economics but may be strategically positioned and valuable to any of the neighbouring iron ore producers.
  • The Mardie Salt Project has been expanded to include Sulphate of Potash (SOP) production with the pre-feasibility study scheduled for completion in June 2018. As the project is only at Scoping Study Stage it is being heavily discounted by the market. However, the release of a positive Pre-feasibility Study is likely to directly reduce this discount as evident in SOP company comparisons. A later rerating is likely to occur with the introduction of a salt and/or SOP industry participant to assist the project moving forward.

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More details about BCI Minerals Limited

Official website: www.bciminerals.com.au

ASX on Hotcooper: http://hotcopper.com.au/asx/BCI