A transformational play with critical infrastructure, long-life revenue, and global relevance make it one of the best growth stocks to buy now
Key Takeaways:
- Operations began at full capacity in April 2025; overall construction progress has reached 61%.
- Over half of the projected output for the first three years has already been contracted through binding agreements.
- The Cape Preston West Port essential for export logistics is nearly 80% constructed.
- Targeting 5.35 million tonnes of salt and 140,000 tonnes of SOP annually once fully operational.
- Set to become Australia’s leading solar salt facility and among the top three globally by scale.
The Big Picture: What Happens When Strategy Meets Execution?
Most resource plays chase volume. This one builds a system.
BCI Minerals (ASX: BCI) is among top growth stocks, building more than just a salt mine. It’s developing a vertically integrated industrial export system with a 60+ year life span. Located on Western Australia’s Pilbara coast, the Mardie Salt and Potash Project is on track to become the country’s largest salt operation and the third largest globally, with the bonus of SOP (Sulphate of Potash) production downstream.
What has been built, what is coming
As of March 2025, construction progress had reached 61%. Key infrastructure including nine operational ponds, a functioning crystalliser system, and a secondary seawater intake has already been brought online. The Cape Preston West Port, a critical logistics asset, is nearing completion at 79%, and the marine jetty has begun final assembly work.
Through all this, BCI has remained on schedule and within budget thanks to robust capital management and pre-secured funding.
The Market case: Demand up, Supply flat
Asia’s appetite for industrial salt continues to grow, but the new supply hasn’t kept pace. According to forecasts, the region is headed toward a 16% shortfall by 2035. That makes Mardie not just timely it makes it necessary.
BCI has already locked in over half of its first three years of output through binding sales agreements with major buyers in China, Japan, Korea, Indonesia, and Taiwan. These contracts allow annual price negotiations and come with multi-year extensions offering both flexibility and longer-term visibility.
The logistical setup strengthens the commercial appeal further. The Cape Preston West Port enables large-volume exports using Newcastle Max-class vessels, lowering freight costs and ensuring faster regional delivery. Mardie doesn’t just produce it delivers.
The strategic differentiator
Mardie’s long-term value comes from its integrated strategy:
- Natural Resource Efficiency - Using solar evaporation and seawater, the project runs on 99% renewable inputs.
- Port Ownership Model - Its 14.5Mtpa-capacity port isn’t just for internal use; it can serve third-party exporters across the Pilbara.
- Scalable Industrial Design - With a projected 60-year life, Mardie’s model supports stable, recurring export revenue.
Construction risks are well-contained, with 68% of development costs already contracted and backed by a $981M debt facility. These de-risks execution and secures runway toward production milestones.
With strategic offtakes secured, infrastructure nearing completion, and demand trends tilting in its favour, Mardie represents a long-cycle industrial asset with rare exposure to both commodity and infrastructure upside. It's a story backed by delivery, not just ambition.
(Source: Company Announcements)
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