BCI Minerals Ltd (AU:BCI) has released an update.
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BCI Minerals Ltd has marked significant progress in the September 2024 quarter by commencing salt production operations at its Mardie Project, backed by financial closure on its $981 million project finance facilities. The company has also signed a strategic agreement with China’s Befar Group for salt supply and received an initial $26 million from the sale of its Iron Valley assets. With construction over 50% complete, BCI is on track to ship its first salt by Q2 FY27.
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