THE sale of Lockyer Quarry is described as unique because of its reserves of versatile olivine basalt.
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Located 20km south west of Gatton, the 73 hectare (180 acre) asset benefits from its proximity to the rapidly expanding centres of Brisbane, Ipswich and Toowoomba.
Lockyer Quarry also includes an additional green space property with an area of 42ha (104 acres) at Mount Berryman. The freehold property is held to satisfy the company's EPA requirements.
The company was primarily involved in the production of an abrasive marketed as Pyrostone, which was sold as a sand blasting medium.
The high quality, 10 million tonne basalt resource can be used to product a wide range of products including: rail ballast, road base, landscaping materials, concrete aggregates, cover aggregates, soil additives, filtration material, drainage rock, rip rap, and asphalt aggregates.
A contractor previously operated the quarry: excavating, transporting the material to a processing facility, processing the basalt into the various products and sizes, and packaging the products into 1 tonne bags (with 20kg bag capacity).
There is an opportunity to rent an existing processing facility at North Tivoli.
Lockyer Quarry is under a deed of company arrangement with administrators David Hambleton and James Imray.
The asset is being sold by Colliers International through an expressions of interest process, closing on December 9.
Contact Trenton Hindman, 0429 701 080, Peter Uebergang, 0447 007 744, or Dan Dwan, 0418 799 792, Colliers International.
