BCI MINERALS LIMITED — Investor Presentation 2021

Aug 19, 2021

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Developing the Multi-Generational Mardie Salt & Potash Project

Corporate Presentation

20 August 2021

www.bciminerals.com.au

ASX:BCI

Important Notices

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Not an Offer of Securities

This document has been prepared by BCI Minerals Limited ABN 21 120 646 924 (“BCI”) and is provided for information purposes only. This document does not constitute or contain an offer, invitation solicitation or recommendation with respect to the purchase or sale of any security in BCI. This document is not a prospectus, product disclosure statement or other offering document under Australian law or any other law, and will not be lodged with the Australian Securities and Investments Commission, and may not be relied upon by any person in connection with an offer or sale of BCI securities.

Not financial product advice

This document is not financial product advice and does not take into account the investment objectives, , taxation situation, financial situation or needs of individuals. Before making an investment decision investors should consider the appropriateness of the information, and any action taken on the basis of the information, having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances.

Summary Information Only; Material Assumptions Continue to Apply

This document contains a summary of information about BCI and the Mardie Project’s feasibility study that is current as at the date of this document unless otherwise stated, the information in this document is general in nature and does not contain all the information which a prospective investor may require in evaluating a possible investment in BCI or that would be required in a prospectus or a product disclosure statement prepared in accordance with the Corporations Act 2001 (Cth) (“Corporations Act”) or the securities laws of any other jurisdiction. It should be read solely in conjunction with the information provided to ASX. For further information regarding BCI’s feasibility study and subsequent optimisation results, recipients should refer to BCI’s ASX announcement titled “Feasibility Study Confirms World Class Opportunity” dated 1 July 2020 and “Mardie Optimisation Results: Increased Production and Improved Economics” dated 21 April 2021 . BCI confirms that all material assumptions and technical parameters that underpin the production targets and forecast financial information in those announcements continue to apply (as applicable) and have not materially changed.

No Liability

The information contained in this document has been prepared in good faith by BCI. However no guarantee, representation or warranty expressed or implied is or will be made by any person (including BCI and its affiliates and their directors, officers, employees, associates, advisers and agents) as to the accuracy, reliability, correctness, completeness or adequacy of any statements, estimates, options, conclusions or other information contained in this document. To the maximum extent permitted by law, BCI and its affiliates and their directors, officers employees, associates, advisers and agents each expressly disclaims any and all liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of or reliance on information contained in this document including representations or warranties or in relation to the accuracy or completeness of the information, statements, opinions, forecasts, reports or other matters, express or implied, contained in, arising out of or derived from, or for omissions from, this document including, without limitation, any financial information, any estimates or projections and any other financial information derived therefrom. Statements in this document are made only as of the date of this document unless otherwise stated and the information in this document remains subject to change without notice. No responsibility or liability is assumed by BCI or any of its affiliates for updating any information in this document or to inform any recipient of any new or more accurate information or any errors or omissions of which BCI and any of its affiliates or advisers may become aware, except as required by the Corporations Act .

Forward-Looking Statements

This document contains forward-looking statements. These forward-looking statements are based on BCI’s current expectations and beliefs concerning future events at the date of this document, and are expressed in good faith for general guide only and should not be relied upon as an indication or guarantee of future performance. BCI believes it has reasonable grounds for making the forward-looking statements. However, forward-looking statements relate to future events and expectations and as such are subject to known and unknown risks, and significant uncertainties and other factors, many of which are outside the control of BCI. Actual results may differ materially from future results expressed or implied by such forward-looking statements. None of BCI, its affiliates or their directors, officers, employees, associates, advisers, agents or contractors makes any representation or warranty (either expressed or implied) as to the accuracy or likelihood of fulfilment of any future looking statement, or any events or results expressed or implied in any forward looking statement, except to the extent required by law. You are cautioned not to place undue reliance on any forward looking statement. The forward looking statements in this document reflect views held only as at the date of this document. Other than as required by law, including the ASX Listing Rules, BCI does not undertake or assume any obligation to update or revise any forward-looking statement contained in this document.

JORC Code – Mardie Salt and SOP Project

The Mardie Project aims to produce salt and SOP from a seawater resource, which is abundant, inexhaustible, readily accessible and has a known and consistent chemical composition. The Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 2012 Edition (“JORC Code”) does not apply to a project of this nature and, accordingly, JORC Ore Reserves and Mineral Resources are not reported.

JORC Code – Iron Valley

Reference should be made to BCI announcement dated 20 October 2020 “Iron Valley Mineral Resources and Ore Reserves”. BCI confirms it is not aware of any new information or data that materially affects the information included and all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.

Risks

An investment in BCI is subject to investment and other known and unknown risks, some of which are beyond the control of BCI.

Acceptance

By attending an investor presentation or briefing, or accepting, accessing or viewing this document you acknowledge and agree to the “Important Notices" as set out above.

2

BCI Overview

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IRON VALLEY MARDIE SALT &
ROYALTIES POTASH PROJECT
~$260M market cap [1]
~$110M cash and zero debt [2]
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BCI SHARE PRICE

BCI PERFORMANCE RELATIVE TO PEERS

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0.60
0.50
0.40
0.30
0.20
0.10
0.00
Aug-20 Nov-20 Feb-21 May-21 Aug-21
Share Price ($)
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200%
MinRes
150% Kalium
Salt Lake
100%
Agrimin
Highfield
50%
Compass
0% BCI
S&P ASX300
-50%
Last 12 Months
Performance
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1Based on 599.6M shares at $0.43 per share closing price as at 19 August 2021 2Cash balance at 31 July 2021

3

FY21 Highlights

KEY GROUP FINANCIALS

$28.9M EBITDA

$160.5M REVENUE

248%  on FY20

108%  on FY20

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MARDIE
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$129M MARDIE CONTRACTS AWARDED[1]

$22.0M NPAT

5,400%  on FY20

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IRON VALLEY

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$75.4M ROYALTIES PAID[2]

$69.5M EBITDA

55%  on FY20

202%  on FY20

HEALTH & SAFETY

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6 Years without Lost Time Injury (LTI)

1

Total Recordable Injury (TRI)

1Mardie Contracts Awarded until 20 August 2021 2Royalties paid includes State Government and Native Title

4

Iron Valley Mine

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Strong royalty payments to BCI

IRON VALLEY MINE

• Quarterly royalty earnings from operating agreement with Mineral Resources Ltd (MIN)

• 82Mt Reserves[1] ; Potential mine life of ~10 years

• Since first production in 2014:

• BCI received revenue: $450M

• BCI received EBITDA: $140M

• Average 6.5Mtpa shipped

• 55% lump ore; 59% Fe average

• Record BCI EBITDA of $69.5M in FY21

• Strong earnings potential at current prices and production

KEY IRON VALLEY PARAMETERS DETERMINING EBITDA TO BCI[2]

ANNUAL EBITDA (A$M)	ANNUAL EBITDA (A$M)	Iron Ore Price (CFR 62% Fe, US$/dmt)	Iron Ore Price (CFR 62% Fe, US$/dmt)	Iron Ore Price (CFR 62% Fe, US$/dmt)	Iron Ore Price (CFR 62% Fe, US$/dmt)	Iron Ore Price (CFR 62% Fe, US$/dmt)	Iron Ore Price (CFR 62% Fe, US$/dmt)
		75	100	125	150	175	200
Tonnes Shipped (Mt, wet)	6.0	8	23	50	77	104	130
	6.5	8	25	54	83	112	141
	7.0	9	27	58	90	121	152
	7.5	10	29	63	96	129	163
	8.0	10	31	67	102	138	174

1Refer BCI announcement dated 20 October 2020 “Iron Valley Mineral Resources and Ore Reserves” 2Based on AUD:USD of 0.75, freight rate of US$11/dmt (average of last 12 months), overall product discount of 15% relative to CFR 62% Fe price (average of last 12 months)

5

Australian Salt & SOP[1] Landscape

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Mardie: ideal location to produce high-purity salt and SOP

▪ Pilbara has an ideal climate to produce high purity salt

• High temperature, high wind, low rainfall, low humidity

• Proven region for production of high-quality consistent salt

▪ Five large WA Solar Salt operations (12-13Mtpa)

• Controlled by Rio Tinto and Mitsui

• Operating for up to 50 years

• No new large Australian salt project in 20 years

▪ Currently two Australian SOP projects under construction

• All SOP projects (other than Mardie) based on inland lake brines and >800km road transport to third party ports

▪ Mardie Salt & Potash Project

• Only Australian project with commercial salt and SOP from

• seawater

WESTERN AUSTRALIA – SALT AND SOP PROJECTS

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Evaporation Ponds
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1Sulphate of Potash or K2SO4

6

Mardie – Key Characteristics

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1. GROWTH MARKETS
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5. SUSTAINABLE
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3. COMPETITIVE COST
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4. STRONG CASHFLOWS
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2. LARGE SCALE

7

Salt Demand Closely Correlated with GDP Salt’s extensive range of end uses covering all key sectors of the economy

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▪ 350Mtpa global market
▪ >10,000 direct and indirect uses
across many market segments
▪ Strong correlation (r=0.97) between
salt demand and Asian GDPdemand and Asian GDP
Asia Salt Consumption vs Asia GDP
(2010-2020)
30,000 200
25,000
150
20,000
15,000 100
10,000
50
5,000
- -
Asia Salt Demand [Roskill] (Mt)
Asia GDP [IMF] (US$Bn, nominal)
Asia GDP (US$Bn, nominal) Asian Salt Demand (Mt)
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
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• Strong correlation (r=0.97) between salt demand and Asian GDPdemand and Asian GDP

8

Positive Salt Market Outlook

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Strong demand growth in Asia and insufficient new supply

CONTESTABLE[1] ASIAN MARKET DEMAND/SUPPLY; 2019-2030 (Mt)

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110
100 10
83
Demand (2019) New Asia Demand Demand (2030) Supply (2019) New Supply (including Mardie) Supply (2030) Potential Supply Deficit (2030)
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▪ Mardie’s contestable market in Asia currently ~83Mtpa

• 30% demand growth forecast over next decade[1,2]

• Insufficient new salt projects resulting in potential ~10Mtpa supply deficit[3] (after including Mardie production)

1Contestable Asian market is where the Mardie project is expected to compete on delivered cost and quality, including coastal China, Japan, Korea, Taiwan and South East Asia 2Roskill (December 2020) 3Roskill (December 2020) and BCI analysis

9

Salt Cost Curve – Contestable Market

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Mardie will be a low-cost supplier of salt into contestable[1] Asian market

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60
▪ Mardie will be cost
Mardie Salt
50 Only competitive with all
Australian salt
operations [2]
Mardie with
40
SOP Credit ▪ When SOP margin
MARGINAL COST
treated as a by-product
credit, Mardie becomes
30 one of the lowest cost
salt producers
20 ▪ Mexican solar salt and
Chinese rock salt the
marginal cost suppliers
10 to most Asian markets
(~US$35/t)
0
0 20 40 60 80 100 120
Cumulative Capacity (Mt)
Other
Chile
Chinese Rock 3rd Tier
Mexican
CIF eq. Cost (US$/t) India 3rd Tier
India 2nd Tier
India Ist Tier
Australia 3-4 Chinese Rock 2nd Tier
Australia 1-2
Tianjin Solar Australia 5
Chinese Rock 1st Tier
Shandong Solar
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1Cost curve limited to contestable market where the Mardie project is expected to compete on delivered cost and quality, including coastal China, Japan, Korea, Taiwan and South East Asia[2] Roskill (December 2020), BCI analysis

10

Salt Market Strategy

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Strong customer interest - MOUs to be converted to offtake contracts

• Typically 2-year contracts and price settlements with individual customers – no official published benchmark

TARGET MARKETS SALT (5.35MTPA)

• 20-year pricing from ~US$35/t to ~US$75/t delivered in Asia

• BCI has strong engagement with >20 high quality Asian endusers and traders to develop future offtake support

• 15 non-binding MOUs signed across target markets covering >100% of first 3 years’ salt production

• MOUs will be converted to offtake contracts in 2022

• Mardie salt samples tested by key customers delivered onspec results; Larger pilot scale samples to follow in 2022

China Japan South Korea Taiwan Other

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15%
10%
45%
15%
15%
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11

SOP – High Quality Potassium Fertiliser

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Solid growth market driven by demand for high quality fruits and vegetables

• ~6.6Mtpa global market

• Premium fertiliser and source of potassium for highvalue crops and chloride intolerant crops

• Increasing population requiring increasing high quality food; reducing arable land requiring soil friendly fertiliser = strong market growth

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7.4
6.6
+12%
Growth
2019 China / North Oceania Rest of 2030
Other Asia America / World
Europe
Demand (Mt)
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SOP BENEFITS IN PLANTS
Encourages strong Improves Growth
flower and fruit and Vitality
development
Catalyst for
Photosynthesis
Raises resistance to
infection and parasites
Helps regulate plant Excellent soil
absorption of water conditioner
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1Argus (November 2020)

12

SOP Market Strategy

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MOUs to be converted to offtake contracts over next 18-months

• Typical buyers include: fertiliser distributers, compound and bulk fertiliser companies

TARGET MARKETS SOP (140KTPA)

China Japan Oceania USA SE Asia Other Asia

• Typically 2-5 year tonnage contracts with 1-2 year pricing – published reference pricing as guide

• 10-year pricing from ~US$450/t to ~US$600/t delivered in Asia

• BCI engagement with multiple high quality end-users and traders to develop future offtake support

• 2 non-binding MOUs signed covering 100% of first 3 years’ SOP production

• Mardie SOP samples tested by laboratories delivered on-spec results; Larger pilot scale samples to follow in 2022

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15% 15%
15% 15%
15%
25%
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13

Mardie Project Design

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Largest salt project in Australia

SITE CONDITIONS PROJECT LAYOUT ▪ >100km[2] clay soils – ideal to retain water ▪ High net evaporation rates (~10mm/day) PRODUCTION ▪ 9 evaporation ponds ▪ 42 salt and 20 SOP crystallisers ▪ Salt wash plant - 5.35Mtpa >99.5% NaCl ▪ SOP process plant - 140ktpa >52% K2O (granular) PORT ▪ 2.4km steel trestle jetty with conveyor ▪ 4.4km dredged channel SHIPPING ▪ 12,000t self-propelled transhipment vessel ▪ Vessels up to 160kt anchored 28km offshore

14

Contracting Strategy - 60% Fixed Price Contracts

$60M+ Enabling works underway to derisk Main Construction[1]

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GEOTECHNICAL INVESTIGATIONS
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EMBANKMENT TRIAL [3]
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SALT PILOT PLANT (PERTH)

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VILLAGE[2]

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MAIN PUMP STATION[2]

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NORTH-SOUTH ROAD
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1All enabling works subject to special permitting 2Artist impression 3Currently underway due for completion in September 2021

15

Positive Stakeholder & Approval Progress Native title agreements in place; Approvals and tenure on track

GOVERNMENT ▪ Major Project Status - one of 26 in Australia ▪ NAIF loan of $450M approved – largest in WA

ENVIRONMENT

▪ EPA positive referral[1] to WA Environmental Minister ▪ Ministerial decision after public appeals finalised ▪ Renewable energy and carbon neutral strategy adopted ▪ Strong relationship with Traditional Owner groups

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COMMUNITIES

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▪ Key Native Title agreements in place

▪ Karratha office established with focus on local engagement

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TENURE ▪ Remaining land access arrangements progressing positively

16

1Based on plans as outlined in Definitive Feasibility Study

Mardie - Strong Financial Metrics

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Strong financial metrics and annuity-style cash flow over at least 60 years[1]

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CAPITAL COST (A$913M Real)
▪
A$738M direct
▪
A$175M indirect & contingency
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▪
A$175M indirect & contingency
FINANCIALS [6]
OPERATING COST (60 year average) ▪ NPV7: A$1,670M
▪ ▪
Salt A$21.50/t FOB [2] EBITDA: A$260Mpa (Salt 75%; SOP 25%)
▪ SOP A$337/t FOB [2] ▪
IRR: 16.1%
▪
60-year Cumulative Cashflow: >A$14B
PRICE (60 year average)
▪
Salt: US$40/t FOB [3] (A$57/t [4] ) – ~60% margin
▪
SOP: US$578/t FOB [5] (A$825/t [4] ) – ~60% margin
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1With upside based on an inexhaustible seawater resource 2All-in sustaining opex 3 Roskill (December 2020) price forecast less Braemar (June 2020) freight forecast 4FX: 0.70 5Argus (November 2020) price forecast 6Pre-tax, ungeared, real

17

Funding Strategy Advanced

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NAIF loan approved; positive engagement with banks

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Funding Requirement
~$1.2 billion
$913M capex [1] plus working capital and funding costs
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Debt
~60%
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Equity
~40%
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BCI Minerals
Limited
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▪ NAIF [2] : Board
approved $450M
loan over 15 years
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▪ Banks/Other : ~$480M[5] NAIF Termsheets with $450M Australian and ~$720M[4] Mardie Salt & international banks

• Green Loan compliant status[3]

▪ Target minimum $180M[6] from existing cash & Iron Valley earnings during construction period

▪ Target maximum $300M from new capital over 18 months from equity and corporate facilities

1Real 2021$ estimate 2Northern Australia Infrastructure Facility 3Second Party Opinion provided by DNV 4Excluding bank guarantees and cost overrun facilities 5 BCI equity contributions from cash, earnings and new capital 6 Total contribution subject to future earnings performance of Iron Valley

18

Project Schedule

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2021 2022 2023 2024 2025
Q1 | Q2 | Q3 | Q4 Q1 | Q2 | Q3 | Q4 Q1 | Q2 | Q3 | Q4 Q1 | Q2 | Q3 | Q4 H1 | H2
Early Works; Approvals [1]
OFFTAKE CONTRACTS
Funding EQUITY DEBT
PONDS
FID [2]
CRYSTALLISERS
GROW SALT INVENTORY
MAIN
CONSTRUCTION
START FIRST SALT
SALT PLANT
ON SHIP
GROW SOP INVENTORY
SOP PLANT
FIRST SOP
PORT ON SHIP
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1Based on plans as outlined in Definitive Feasibility Study, Optimised Feasibility Study approvals during 2022; 2Final Investment Decision

19

Sustainability Focus

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Inexhaustible resources, natural energy and waste minimization

• 100+ year project life

• Inexhaustible seawater feedstock; no resource depletion

• Zero landscape scarring - no mine pits, waste dumps or large-scale dewatering

• 99% of energy derived from solar and wind

• Renewable strategy being introduced for remaining 1% of energy requirement

• Australian first to produce SOP fertilizer from seawater using waste from salt circuit

• Additional future by-product potential from waste

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Harness
Renewable
Resources
Provide a Mitigate
Safe Climate
Environment Change
Maximise
Promote
Value,
Community
Minimise
Prosperity
Waste
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20

Stakeholder Benefits

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A multigenerational project benefiting multiple stakeholders

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BENEFITS TO WA &
AUSTRALIA [1]
▪
Corporate taxes: >$8Bn
▪
State royalties: >$800M
▪
Native title payments >$200M
▪ Gross Regional Product
MARDIE SALT & POTASH
estimate: >$2.7Bn [2]
PROJECT
▪ New port facility allows 3 [rd]
party access (e.g. iron ore)
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COMMUNITY & HERITAGE
▪ Established Karratha office
▪ 500 construction jobs and
220 ongoing operating jobs
▪ Prioritised local and
indigenous contracting
▪ Ongoing free and prior
heritage consent principle
prior to ground disturbance
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1 60 year period based on OFS 2NPV of value add to Northern Australian GRP over 60 years, as per KPMG Public Benefit Report (October 2020)

21

Why Invest in BCI?

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Strong Iron Valley earnings and significant Mardie upside potential

CURRENT VALUATION

MARDIE POTENTIAL

• Low enterprise value of ~$150M

• ▪ Record Iron Valley royalties

• ▪ ~$110M cash; no debt

▪ Salt & SOP growth markets ▪ Tier 1 – sustainable, large scale, low cost & long life ▪ ~$260M/a EBITDA for 100 years[1]

1Subject to Mining and Port Leases being extended

22

BCI Board of Directors

Alwyn Vorster MANAGING DIRECTOR

Brian O’Donnell

NON-EXECUTIVE CHAIRMAN

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• Geology, Mining and MBA degrees

• Banking and investment background

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• Kumba; Rio Tinto; Iron Ore Holdings

• Director, Finance and Investments - Australian Capital Equity (ACE)

• Geology; Mining; Marketing, Business Development and various CEO roles

• Numerous current and previous board positions on ASX-listed and private companies

Jennifer Bloom

Richard Court NON-EXECUTIVE DIRECTOR

NON-EXECUTIVE DIRECTOR

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• Commercial & Political background

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• Governance, approvals and business background

• Former Ambassador to Japan; Premier and Treasurer of Western Australia

• Senior positions in both the private and public sector

• Former Chair of GRD Minproc, Chair of Iron Ore Holdings, Chair of National Hire

• Chair of BCI Rem & Nom Cmte

Susan Park COMPANY SECRETARY

Chris Salisbury NON-EXECUTIVE DIRECTOR

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• Commerce and accounting background

• Numerous top level operational and strategic roles in Rio Tinto (30-years)

• 25 years’ experience in the corporate finance industry

• Rio Tinto Chief Executive – Iron Ore including responsibility for Rio’s salt business

• Extensive experience in Company Secretarial roles

• Chair of BCI Sustainability Cmte

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Michael Blakiston NON-EXECUTIVE DIRECTOR

• Legal and mining business background

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• Partner in Gilbert + Tobin’s Energy + Resources group

• Chair BCI Audit & Risk Cmte and Chair BCI Equity Cmte

Garret Dixon NON-EXECUTIVE DIRECTOR

• Civil engineering background

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• Senior contracting roles (HWE; Mitchell Corp; Watpac - NED)

• Executive Vice Pres - Alcoa Corp

• Chair of BCI Project Review Cmte

23

BCI Executive Team / Key Personnel

Alwyn Vorster

Sam Bennett PROJECT DIRECTOR

MANAGING DIRECTOR

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▪ Geology, Mining and MBA degrees ▪ Kumba; Rio Tinto; Iron Ore Holdings ▪ Geology; Mining; Marketing; Feasibilities; Corporate Development

• Civil engineering degree

• Fortescue; Roy Hill; WSP

▪ Construction

Simon Hodge CHIEF FINANCIAL OFFICER

Jim Cooper GENERAL MANAGER OPERATIONS

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• Management Diplomas

• Finance degree

• GM Dampier Salt (Rio Tinto); GM Hope Downs (Rio Tinto); GM Boddington (Newmont)

• JP Morgan; Poynton; Quickflix

• Corporate finance; Investment banking

• Operations; Salt Marketing; Health & Safety

DEVELOPMENT & OPERATIONS TEAMS:

Colyn Louw

HEAD OF PEOPLE AND SERVICES

Mark Forward (GM Landside)

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• Commerce and MBA degrees

• Ex Rio Tinto - Project Manager Processing and Infra.

• BHP; Roy Hill; Gold Fields

Rob Ernst Jr. (GM Marine)

• Ex BBI Group – Manager of Port and Marine

• People, health & safety, construction and operations

Mary Walker (Contracts Manager)

• Ex Tier 1 contractor on $1bn PPP project

Dale Ettridge (Manager Ops Readiness)

• Ex Rio/Dampier Salt – Mine Manager; Ops Readiness

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Stephanie Majteles

GENERAL COUNSEL/JOINT COMPANY SECRETARY

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• Law degree

• Freehills; Rio Tinto

• Tenure; Approvals; Corporate

Angela Glover HEAD OF CORPORATE AFFAIRS

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• Metallurgy degree

• BBI Group, Atlas, Alcan Gove

• Heritage; approvals, License to Operate; Government relations

• Based in Karratha

MARKETING TEAM:

Matthew Gurr (Manager)

• Ex Rio Tinto - Korea Manager

Takashi Kawada (East Asia – Singapore based)

• Ex Dampier Salt - GM Marketing

Kevin Yu (China – Beijing based)

• Ex Cliffs - China Country Manager; Rio Tinto

Trevor Larbey – Logistics

• Ex Rio Tinto Marine – 35 years shipping

Alan Perry – (Manager Projects)

• Ex Rio/Dampier Salt – Regional Mine Manager

24

Mardie Production Process[1]

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----- Start of picture text -----

99% Sun and Wind
Energy
4. Salt Wash
Plant
5. Salt
Stockpiles
C. SOP Storage Shed
7. Transhipper 6. 2.4km
(12,000t) Jetty B. SOP Process
Plant
8. Ocean
A. KTMS [2]
Going Vessel
Crystallisers
(up to Capesize)
(5km [2] )
9. Export
3b. Secondary Salt
Crystallisers
(6km [2] )
3a. Primary Salt
Crystallisers
(16km [2] )
2. 9 Evaporation
Ponds
(88km [2] )
1. Main Seawater
Pump Station
(6 pumps)
----- End of picture text -----

1Refer blue coloured labels for salt process and green for SOP process. SOP is exported in 10,000t parcels via the jetty, transhipper and onto ocean going vessels for export to customers[2] Kainite Type Mixed Salt

25

Embankment Trial Progress

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26

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T +61 8 6311 3400 E info@bciminerals.com.au W www.bciminerals.com.au

Level 1, 1 Altona St GPO Box 2811 West Perth West Perth WA 6005 WA 6872