BCI Minerals (ASX:BCI) has seen its share price rise by more than 8% today after it told investors the second phase of the Groundwater Monitoring and Management Plan (GMMP) had been approved by the Australian Department of Water and Environmental Regulation.
The plan relates to BCI’s Mardie Salt and Potash Project in the Pilbara; its second phase – resubmitted on January 15 – will focus on real-time data taken from the filling of ponds one to three at the project.
Validation of the GMMP has involved collaboration between BCI, DWER and the Commonwealth Department of Climate Change, Energy, the Environment and Water (DCCEEW), with this being the final step before the latter two departments approve filling of the remaining ponds and crystallisers.
BCI aims to have the first salt on ship by 2027’s second quarter, but even before that, managing director David Boshoff said he’s pleased the project is steaming ahead.
“BCI appreciates the continued support the Mardie Project has received from DWER and DCCEEW,” he said. “With construction progressing strongly, the company is excited and ready to commence filling the remaining ponds and crystallisers as soon as we receive DCCEEW’s approval.”
BCI shares last sold at 25.5c after rising 6.38% through Friday trade.
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