SYDNEY — Shares of BCI Minerals Ltd. rose more than 4% on Wednesday, extending a strong year for the Western Australian developer as its Mardie salt project moves into the final stretch of construction ahead of first exports.

BCI shares gained 2.25 cents, or 4.37%, to 53.75 Australian cents in afternoon trade, after moving between 51.5 cents and 56 cents. More than 1 million shares changed hands, and the stock is up nearly 40% over the past 12 months.

The rise came as the broader market weakened. The S&P/ASX 200 dropped 63.40 points, or 0.71%, to 8,823.40 shortly after the open.

The company did not release a new announcement on Wednesday, and the gains follow a September-quarter update that showed construction approaching completion.

BCI presented its September 2026 quarterly update on Oct. 20, showing the flagship Mardie project had reached 90% construction completion as it approaches first revenue in the first half of 2027.

Salt output is building rapidly. The Port of Mardie reached 98% completion, and salt crystallization accelerated to 266,000 tons from 49,000 tons in the prior quarter.

The company maintained its timeline for construction........

© International Business Times