BCI Minerals (ASX:BCI) said today that the Northern Australia Infrastructure Facility Board approved a loan facility for the Mardie Salt & Potash Project.
The NAIF loan facility is for a total of A$450M to be used for construction and ramp-up of the Mardie Project and associated financing fees and costs. The facility will have an overall tenor of 15 years from financial close.
Described as a a potential Tier 1 project, the planned mine site is located on the West Pilbara coast in the centre of Australia’s key salt production region.
Mardie will produce 4.4Mtpa of high-purity salt (>99.5% NaCl) and 120ktpa of sulphate of potash (SOP) (>52% K2O) via solar evaporation of seawater.
“Using an inexhaustible seawater resource and a production process driven mainly by natural solar and wind energy, Mardie is a sustainable opportunity to supply the salt and potash growth markets in Asia over many decades,” writes the company.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
