BCI Minerals (ASX:BCI) has appointed Steve Fewster as Chief Financial Officer who will take over from Kerryl Bradshaw.
Fewster has been the CFO of a number of listed and large private companies. As CFO, he has been responsible for delivering strategic financial leadership. Fewster has experience in capital management and delivering business transformation and growth.
The new CFO has also been involved in the resources sector for more than 20 years in both financial and operational roles.
Managing Director David Boshoff says Fewster’s extensive experience in financial leadership will be of great value to BCI.
BCI Minerals, which has a market capitalisation of $315.52 million, is an Australian-based mineral resources company developing an industrial minerals business, with salt and potash as its initial focus.
BCI is developing its 100% owned Mardie Salt & Potash Project, a potential tier-one project located on the Pilbara coast in the centre of Western Australia’s key salt production region.
Mardie has been designed to produce approximately 5Mtpa of high-purity salt (>99.5% NaCl) and 140ktpa of Sulphate of Potash (SOP) (>52% K2O) via solar evaporation of seawater.
Main construction of the Mardie Project commenced in early 2022. 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).
BCI’s other assets include substantial shareholdings in Agrimin (ASX:AMN) and potential royalties and/or deferred payments from iron ore projects at Koodaideri South, Bungaroo South, Kumina and Nullagine.
The company currently has $121.4 million cash at hand, according to yesterday’s (4 December 2023) announcement.
Write to Adam Orlando at Mining.com.au
Images: BCI Minerals