Opportunity to Acquire Sandstone Mining Assets Located in Queensland, Australia

Pleasure Point Mine Pty Ltd (In Liquidation)(Receivers and Managers Appointed) (PPM) and its wholly owned subsidiary BRS Quarries Australia Pty Ltd (In Liquidation) (BRS) (PPM and BRS, collectively PPM Group).

The Receivers of PPM and Liquidator of BRS seek offers for the purchase of PPM Group’s assets.

PPM Group comprises freehold land, a mining lease and exploration tenement at Helidon, Qld, approx. 30km east of Toowoomba, Qld; or approx. 120km west of Brisbane, Qld. The site is currently in care & maintenance.

Key investment highlights:

Qld Freehold land located at 174 Goldmine Road, Helidon (Lot 155 on CSH133) comprising 111 ha zoned rural per Lockyer Valley Regional Council.

Qld Mining Lease (ML) 50227 issued on 1 October 2008 with a term of 25 years for an area of approx. 27 ha within Lot 155 on CSH133. Approved extraction of (subject to conditions) Building Stone (Sandstone) and Silicia.

Qld Exploration Permit Minerals (EPM) 28513 issued on 25 November 2022 with a term of 5 years over area of approx. 12km² (subject to certain exclusions).