The three quarry Licences were formerly part of the MICCON Quarry business, parts of which have been recently sold. The 3 extraction rights permits for the quarries are now being offered for sale and allow quarry operators / investors to acquire a river bed sand and gravel quarry; a soils quarry; and a decomposed granite quarry.
All the consents, Licences and Permits are currently in place.
The geological resources at the quarries involve a good variety of products suitable for a wide range of purposes.
Opportunities to acquire assets within a proven market are rare, but there are also oligopolistic benefits within the local market and obtaining a market share, especially with an expanding mining investment sector in the region is a great opportunity for any potential purchaser.
We do not expect this opportunity to last long.