The sale of the Weeamera Road freehold property, about 12 kilometres south-west of Culcairn and 50 kilometres north of Albury, is related to a family inheritance matter.
“I anticipate that the Hurricane Hill Quarry investment could attract offers in the range $3.5 to $4 million at which price range there would be a potentially attractive indicated investment return to the purchaser,” Mr Everard said.
Based on a reserve of rhyodacite rock estimated at an unquarried resource of about nine million tonnes, the hard-rock quarry has had recent annual production volumes of about 250,000 tonnes with a permitted expansion up to 750,000 tonnes.
The quarry produces crushed rock ranging from seven-millimetre aggregate up to 63-millimetre rail ballast.
The licence to operate the quarry has about twelve years to run. The royalty paid by BORAL on a per-tonne-mined or quarried basis will flow to the new owner as a return on investment.
Hurricane Hill Quarry has all extractive licences and permits in place and includes a freehold land area of about 110 hectares, part of which has been cropped or used for dryland grazing.
Mr Everard said full details of the property would be supplied subject to potential buyers signing a confidentiality agreement.
The auction is scheduled to be held at 11am on Friday, September 16, at the Albury Club.