BCI Minerals Limited

Welcome and good morning everyone. I'm Daad Bosoff, BCI here at BCI Minerals and this is Steve Fuster, our CFO. Today we'll cover four key topics of progress from the last quarter. We'll start with safety performance. Thereafter we'll move into our operational ramp up update. We'll cover the construction progress and then lastly Steve will take us through the cash and cost management. I'm happy to report that we've made solid progress in each of these areas, but more on that later. I would like to cover at the onset the impacts of tropical cyclone shore. I'm sure many of you would be wondering about how that's impacted the Pilbara. I have to say that this has of course been a great test for our asset. This is the first tropical cyclone that we've experienced during either operations or construction ramp up. It's really reassuring to report that our levees and diversion drains has operated as designed. I'm also happy to report that we've had no material impact to any assets, either those assets that are constructed from civil works or the assets of our contractors. As always, we will take this as opportunities to learn as we progress towards operations and the rest of the life of the asset. I would like to make a note that this quarterly presentation is to be read in conjunction with the quarterly report that we published this morning. And also, if you have any questions, please be sure to submit that in the chat function. We are very proud of our collaborative relationship that we have with our traditional owners. They are active participants in the multiple of environmental surveys that we conduct on site on a routine basis. These surveys included in this quarter turtle surveys. We also did surveys of mangroves, samphires, seagrasses, algal mats, as well as our mini daisy. Our traditional owners provide very helpful ecological insights in our environmental efforts, and this contributes to the knowledge and the meaning of what we do. We've also helped them to build capacity specifically for the Wurundjeri Aboriginal Corporation by broadening their contractual engagement as well as increasing employment activities. We are a values-driven organisation and we are developing a world-class asset at MARDI. Our vision is to create long-term opportunities for our partners. Our purpose to develop the mighty project to deliver first quartile cost performance for high quality salt and sop our values are unique to us and it's the foundation of who we are and what we do the december quarter has been the first quarter that we've had continuous operations of filling the ponds during this quarter we've grown into a operating company i've been Encouraged to see really great examples of our team coming together with a passion to deliver on our commitments. Marty is located in Western Australia's premier industrial salt production region. Marty will be Australia's largest salt operation. This also makes us the third largest in the world. With annual production of 5.3 million tons of salt and 140,000 kilotons of SOP. We are on track to enter the global salt market late next year.

And I'll now step you through the highlights for the December quarter. So firstly, on safety. Safety remains our first priority.

We have continued to increase our performance in this area. We've done so by embedding fatality prevention measures, We've also further reduced our total reportable injury frequency rate. And we've also implemented the second phase of our leadership in the field program. We've also had some changes to the team. Recently, Mr. Robert Mancini joined us as chief legal and commercial officer, as well as company secretary. He brings with him extensive experience that will bolster our team and also position as well for our long term growth strategy. I'd like to also take the opportunity to thank Steph Maitlis for her contribution to BCI over the last seven years. We continue to implement our groundwater management plan. As part of this plan, we tracked real time data from our world class network of ground monitoring boards. As part of our construction activities, We've also removed 716 hectares of mesquite. This is a non-native invasive plant species that mainly occur at Mardi. We've also conducted our sustainability materiality assessment by engaging with our stakeholders. Now moving on to the operational and production highlights. First of all, during the quarter, Of course, we had a full quarter of operations by filling ponds one to three. It was really great to see the team coming together to deliver on this. Also, the transfer stations has all been completed. So this first three ponds has been filled. As you can see on the picture there, all our transfer stations also completed its construction all the way up to pond eight. We've also completed ponds four through to nine in this quarter. You can see all the way up to point nine in this picture. Work has also progressed in the crystallizers as well as our secondary seawater intake. And I've got more pictures on that later. We've also mobilized the jacobarge. This jacobarge will be used to install the jetty head. Again, a great picture on that. in further slides. During this quarter, the end of December, we are almost 60% through the project, and we continue to target our first salt on ship for the second quarter of financial year 27. I'll now hand over to Steve to take us through the corporate highlights.