Solway Group holds numerous developed nickel and cobalt deposits in Indonesia, located mainly in Sulawesi Island. The current project in development - PT Aquila Cobalt Nickel, located in Morowali, Central Sulawesi, will unlock the potential of these rich nickel and cobalt ore reserves.

In support of the Indonesian Government's plan to establish Indonesia as a world center of EV manufacturing, Solway Group's long-term strategy in Indonesia includes the potential development of processing facilities for nickel intermediates such as nickel matte and MHP to produce battery-grade materials.

latest

Solway Group continues. undertaking site works for Aquila Nickel Project Phase 1 - RKEF operation in Morowali, Central Sulawesi. With a target to commence production in 2024/2025, total output reaching almost 27 000 tons of matte annually. Phase 2 of the project, an HPAL expansion to process limonite ore, is undergoing in-house evaluation and preparation.

area

Our key operations are located in Sulawesi Island, in 3 regions - North Konawe, South-East Sulawesi, and Central Morowali. Except that we continue to look at opportunities to grow our presence in the region.

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area 4,500+ hectares
nickel

Total available nickel resources supported by JORC statement for Phase 1 of the project within the nickel properties of the Group stand at - 50 mln wmt of 1.70% Ni.

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nickel ore 50,000,000+ wet metric tons
cobalt

The JORC confirmed resource base for the HPAL expansion of the project is more than 40 mln wmt.

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limonite ore 40,000,000+ wet metric tons
latest

Solway Group continues. undertaking site works for Aquila Nickel Project Phase 1 - RKEF operation in Morowali, Central Sulawesi. With a target to commence production in 2024/2025, total output reaching almost 27 000 tons of matte annually. Phase 2 of the project, an HPAL expansion to process limonite ore, is undergoing in-house evaluation and preparation.

area

Our key operations are located in Sulawesi Island, in 3 regions - North Konawe, South-East Sulawesi, and Central Morowali. Except that we continue to look at opportunities to grow our presence in the region.

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area 4,500+ hectares
nickel

Total available nickel resources supported by JORC statement for Phase 1 of the project within the nickel properties of the Group stand at - 50 mln wmt of 1.70% Ni.

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nickel ore 50,000,000+ wet metric tons
cobalt

The JORC confirmed resource base for the HPAL expansion of the project is more than 40 mln wmt.

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limonite ore 40,000,000+ wet metric tons
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headquarter

HeadQuarter

Area120+hectare
Nickel50,000,000+ Saprolite Orewet metric tons
Cobalt40,000,000+ Limonite Orewet metric tons

Location RDTX Tower – Mega Kuningan, Jakarta Selatan

 

Overview

The Aquila Project focuses on nickel ore processing using RKEF, which is technologically similar to Solway’s assets in Guatemala and Ukraine.

The project will source nickel ore from the Groups own mines located in Sulawesi: Bahomoahi (PT Sulawesi Resources), Sorawolio (PT Bumi Inti Sulawesi), and Asera (PT Bumi Konawe Minerina). Comprehensive geological resources for the project are estimated to exceed 50 mln wmt of saprolite material for pyrometallurgical processing and 40 mln wmt of limonite material suitable for hydrometallurgical processing.

The Group forecasts that Aquila Project capacity will reach up to 40 ktons of nickel in Matte and MHP form on Sulawesi Island.

An in-house pre-feasibility study on HPAL located at the Aquila project site (PT Sulawesi Resources/Bahomoahi mine) is underway. The limonite material has been successfully tested at SGS Labs (Canada), achieving over 95% nickel recovery.

aquila

PT Aquila Cobalt Nickel

Area120+hectare
Nickel50,000,000+ Saprolite Orewet metric tons
Cobalt40,000,000+ Limonite Orewet metric tons

Location Central Sulawesi – Morowali

Existing infrastructure Port, Road and  Camp. National power grid connection to be available in 2023.

Processing facility timeline Phase 1 – RKEF 2023-2024. Phase 2 estimated in 2026

Overview

The Aquila Project focuses on nickel ore processing using RKEF, which is technologically similar to Solway’s assets in Guatemala and Ukraine. The project will source nickel ore from the Groups own mines located in Sulawesi : Bahomoahi (PT Sulawesi Resources), Sorawolio (PT Bumi Inti Sulawesi), and Asera (PT Bumi Konawe Minerina).

Comprehensive geological resources for the project are estimated to exceed 50 ml wmt of saprolite material for pyrometallurgical processing and 40 ml wmt of limonite material suitable for hydrometallurgical processing. The Group forecasts that Aquila Project capacity will reach ~20 ktons of nickel in nickel matte form on Sulawesi Island.

An in-house pre-feasibility study on HPAL located at the Aquila project site (PT Sulawesi Resources/Bahomoahi mine) is underway. The limonite material has been successfully tested at SGS Labs (Canada), achieving over 95% nickel recovery.

sorawolio

PT Bumi Inti Sulawesi

Area1,200+ Hahectare
Nickel6+ mln @ 1.8%wet metric tons
Cobalt-wet metric tons

Commodity Nickel
Location Bau Bau – Buton Island
Drilling 2,600+ holes (over 40,000 m)

 

 

 

Overview

The Group has been holding rights to the Sorawolio deposit on Buton Island from 2009. The property has advanced mining infrastructure, completed initial stripping, and is located in a remote area.

Resources

The Sorawolio deposit has an attractive amount of high-grade nickel ore resources with a high S/M ratio. These resources will be utilized for blending of feed material to the Aquila Project.

asera

PT Bumi Konawe Minerina

Area2,000+hectare
Nickel14.5 mln @ 1.8%wet metric tons

Commodity Nickel
Location North Konawe – Sulawesi
Drilling 3,900+ holes (over 74,000 m)

Overview

The mine is located in North Konawe, Sulawesi. Medium quality ores are mined and supported by several ore storage areas, jetty for loading, access roads, and other supplementary infrastructure.

Resources

Asera deposit has an estimated resource base of up to 14.5 million wet metric tons of nickel ore at an average nickel grade of 1.8%. Historically ore from Asera has been successfully sold to multiple local processing plants as well as for export.

bahomoahi

PT Sulawesi Resources

Area1,400+ Hahectare
Nickel19+ mln @ 1.8% Niwet metric tons
Cobalt50+ mln @0.1% Co & 1.1%Niwet metric tons

Commodity Nickel, Cobalt
Location Morowali – Central Sulawesi
Drilling 2,800+ holes (over 50,000 m)

 

 

 

 

Overview

Bahomoahi deposit is located in a mountainous region of Morowali, Central Sulawesi. The project has developed infrastructure to support the Aquila Project processing facility. All necessary permits are in place to commence mining operations.

Resources

Designated as the primary ore source for the Aquila Project, the Bahomoahi deposit has a significant resource base to support RKEF and HPAL processing facilities for over 10+ years.