Beauty Point Sand Quarry, TAS

Client: Thorne Contracting Pty Ltd

Discipline: Market Valuation – Funding Purposes

Date: January 2017

InSitu Advisory completed a comprehensive Market Valuation report of the Beauty Point Construction Sand Quarry on behalf of Thorne Contracting Pty Ltd. The market valuation assessed the remaining insitu resource and operational going concern. The valuation was required for funding purposes.

The quarrying activity is permitted in accordance with two Mining Leases ML11M/1991 and ML41/1983 with extractive industries taking place on Crown land covering approximately 40Ha. The quarry produces a range of construction sands that is predominantly used for concrete manufacturing in the Launceston region.