BCI Minerals Limited (ASX: BCI) ('BCI' or the 'Company'), is aware that some shareholders have not yet received their Share Purchase Plan ('SPP') Booklet and personalised Application Form in the mail due to postage delays.

If you have not yet received your physical documents and would like to participate in the SPP, please follow the steps below to download your personalised Application Form via Computershare's Investorcentre website: The Company encourages eligible shareholders to seek their own financial and taxation advice in relation to the SPP before deciding to participate. The closing date for the SPP is 5.00pm (WST) on Friday 17 December.

Contact:

Rebecca Thompson

Tel: +61 416 079 329

Email: rebecca.thompson@bciminerals.com.au

ABOUT BCI MINERALS

BCI Minerals Limited (ASX: BCI) is an Australian-based company that is developing a salt and potash business supported by iron ore royalty earnings. BCI is rapidly advancing its 100% owned Mardie Salt & Potash Project, a potential Tier 1 project located on the West Pilbara coast in the centre of Australia's key salt production region. Mardie aims to produce 5.35Mtpa of high-purity salt (>99.5% NaCl) and 140ktpa of sulphate of potash (SOP) (>52% K2O) via solar evaporation of seawater1 . 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. There is potential to optimise and expand the project beyond currently planned production levels. A Final Investment Decision has been made and BCI is finalising funding, approvals and tenure required to commence Main Construction in early 2022, which will allow first salt sales to be achieved by Q4 2024 and first SOP sales by Q1 2026. On 18 November 2021, BCI announced a $360m capital raising to provide a key project funding component, subject to shareholder approval. BCI receives quarterly royalty earnings from Iron Valley, an iron ore mine located in the Central Pilbara region of Western Australia which is operated by Mineral Resources Limited (ASX:MIN). EBITDA to BCI from Iron Valley was A$69.5M in FY21, and $17.1M in the first quarter of FY22. BCI's other assets include potential royalties and/or deferred payments from Koodaideri South, Bungaroo South and Kumina.

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