Investor Presentaiton

SALT 15-year pricing from US$35/t to US$75/t delivered¹ in Asia Delivered salt price in China has increased by ~30% in the first half of 20211 Mardie forecast (60-year average, $ real): ~US$50/t CFR 3,5 Salt and SOP Price Strength BCI MINERALS LIMITED Salt and SOP Prices driven by strong demand and limited new supply SOP 10-year pricing from ~US$450/t to US$800/t NW Europe (FOB) SOP (granular) price landed in Australia currently >US$800/t CFR5 ■ Mardie forecast (60-year average, $ real): US$573/t FOB³ (at least 20% lower than current price for standard granular) US$/t, FOB 850 800 750 700 650 600 550 500 450 400 Jan-20 30 Jan-20 US$/t, CFR 40 Apr-20 ¹Salt Price data from ITC Trademap to July 2021 on CIF (Cost, Insurance and Freight) basis; 30% includes China ITC Trademap data only, does not include BCI intelligence 2Price data from July 8 2021 based on BCI discussions with end-users ³ Refer slide 15 for assumptions used in forecasts 4SOP Price is NW Europe standard grade (50%), Free on Board (FOB) 5Cost and Freight (CFR) Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 50 26 60 Jul-20 SOP Price4 Australian Imported Salt into China 1,2 70 Oct-20 +50% Oct-21 Jan-21 Apr-21 +30% Jul-21 Oct-21

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