Further to the above very interesting post about the price of salt. Does anyone know if this development back in 2020 is still a sleeping option for further expansion. Especially interesting when it involves Leichhardt Industrials Pty Ltd since they have bought the Lake Macleod salt operation from Dampier Salt. The original mail raising the development with several photos was posted on 22/6/22 by :
The following is a note from Market Screener available on the internet from back in 2020 but nothing since that I can find.
BCI Minerals Limited : - Mardie Tenement AcquisitionMay 15, 2020 at 09:48 am EDT ShareBCI Minerals Limited (ASX: BCI) ('BCI' or the 'Company') is pleased to announce it has secured rights to a large new tenement area adjacent to the Mardie Salt & Potash Project.Tenement rights have been acquired from Leichhardt Industrials Pty Ltd ('Leichhardt') for the following consideration: BCI will pay Leichhardt $3.5M cash upon completion in exchange for rights to the southern tenement area, located directly adjacent to the current Mardie Project footprint: For a period of 12-months after completion, BCI has a call option, and Leichhardt has a put option, on rights to the remaining northern tenement area. BCI will pay $2.5M cash to Leichhardt upon the option being exercised by either party and A set of documents and reports relating to environmental and technical work undertaken by BCI in the area of the proposed Cape Preston East port will be transferred to Leichhardt at completion.The new tenement area adds 112 square kilometres (11,200 hectares) of coastal tenements to the Mardie Project, including a significant area of mudflats suitable for evaporation ponds and crystallisers. This provides optionality for future layout optimisation and expansion to larger than 5.5Mtpa of salt and 150ktpa of sulphate of potash, which would make Mardie the largest salt operation in Australia and one of the largest evaporative salt operations globally.
BCI Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
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