BNSI HPAL Morowali — project
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Project information
Description
High-Pressure Acid Leaching (HPAL) facility under construction in Sambalagi, Morowali Regency, Central Sulawesi, to produce mixed hydroxide precipitate (MHP) as feedstock for EV batteries. JV with GEM Hong Kong International (subsidiary of GEM Co.) and EcoPro Co., Ltd. The Company no longer controls BNSI from 26 March 2025; investment in BNSI is now recognised as an investment in an associate. Construction at 22% by end-2025; first mechanical completion target Q3 2026; ore feed (limonite) from the Bahodopi mining block. BNSI total assets US$217.3 m at 31 December 2025. Facilities under construction: Sulfuric Acid Plant, Water Purification, Counter Current Decantation (CCD), HPAL Plant, plus Living Camp and Dormitory.
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