Ann: Quarterly Activities Report, page-31

Interesting article, tbirds. The AFR is seemingly classifying BCI as a SOP producer first and foremost, essentially tarring it with the KLL brush.

It's now clear the recent share price fall was not about KLL's failure per say, but the suggested possibility that NAIF will pull funding on BCI as well.

Sloppy journalism but headline grabbing, which I suppose is what they are all about.

As for BCI and KLL, your correct - I don't recall BCI have ever disclosed an actual shareholding in KLL. However they do/did own 30% of KLL's proposed Carnegie Potash Project.

From the 2022 Annual Report -
BCI also owns an interest in the Carnegie Potash Project, an SOP exploration project located approximately 220km north-east of Wiluna. BCI currently owns 30% in this joint venture with Kalium Lakes Limited (“KLL”) and has rights to earn up to a 50% interest. KLL, the joint venture manager, recently validated the design process after successfully producing commercially saleable SOP, and continues to progress the production output.

It will be of interest to see if BCI consider a buyout of Carnegie from the receivers, one would expect at a substantial discount, and/or how the receivers approach BCI's 30% holding.........

GLTAH