Argonaut raised multiple transactions for BC Iron Limited, an iron ore mining and development company with the Nullagine Project in the Pilbara region of Western Australia as their leading venture. In 2012, Argonaut acted as an Advisor to BC Iron to help finance the acquisition of an additional 25% interest in the Nullagine Iron Ore JV mine project from Fortescue Metals Group, Previously, Argonaut also acted as Advisor to the Scheme Implementation Agreement offered by Regent Pacific Group Limited in 2011 for all of the outstanding BC Iron shares not already owned by Regent Pacific.

In 2009, BC Iron entered into a Joint Venture with Fortescue Metals Group Limited and delivered nearly $100M to shareholders, before selling the project to Fortescue 2016 with shareholder royalty. In 2016, BC Iron renamed, BCI Minerals Limited (ASX:BCI) to recognise the Company’s history and its growing portfolio. BCI Minerals is an Australian-based company that is developing its 100% owned Mardie Salt & Potash Project, a potential Tier 1 solar evaporation operation located on the West Pilbara coast.