Pleasure Point Mine
PPM is raising funds to establish mining operations and manage PPM. Returns to investors are a dual-class offering. Your funds are loaned to the PPM company at a net fixed rate of 12% p.a. (1) for 2 years (3) paid yearly in advance. The mine has reasonable prospects for the eventual economic extraction (RPEEE) of 40 million tonnes of known material.
Capital Raised to date as of May 2023
Earn 12% net fixed interest p.a.*
Get a pro-rata share of 15% indirect equity
Why alternative investments are safer
FOXI only raises on projects we truly believe in, applying our proprietary methods of selecting and evaluating projects allows us to provide investors with the opportunity to share the value created in these projects.
About The Project
This is a unique opportunity to become the owner of a pro-rata share in indirect equity in a SAND QUARRY based in Helidon, South-East Queensland for the most mined resource in the world, sand.
The 113.6 ha quarry is in a pristine condition with mine lease approvals in place to fast track commercial quarrying operations.
Pleasure Point Mine is raising funds to establish mining operations and manage PPM.
Returns to investors are a dual-class offering.
- 24-month loan term at a 12% Interest rate. (1)
- A share in 15% Indirect equity (2)
- $20k minimum investment
The recent drilling reported a measured resource of 40,921,600 tonnes and a high-grade silica sand has been achieved through initial laboratory crushing and washing.
Why We Like This Investment
- Mining lease (ML 50227) and extractive industry approvals and permits in place to adhere to the planned extraction and sales projection.
- Viable market opportunities for both export and domestic markets.
- The mine measured resource of 40,921,600 tonnes and a high (94% unwashed and 97% washed) silica content, which may provide PPM with the opportunity to add high grade silica to its production.
- Existing road access and located approximately 90km west of Brisbane.
- Suitable for a variety of uses including: architectural high gloss finish stone for export; dimension stone for export and domestic use; landscaping and retaining wall boulders; road base; concrete aggregates and other general-purpose aggregates; cement & mortar grade sands; pipeline bedding, packing and ballast sands and coloured sands.
What We Like
Send Me Project Info
The Department of Natural Resources, Mines and Energy in Queensland has also confirmed the addition of silica to PPM’s production for ML50227. As such, the drilling results of the phase one drilling programme that concluded in December 2021, are currently being updated according to the reporting guidelines of the JORC Code 2 to reflect the addition of silica for an updated figure of the measured resource 3 and the “in-situ” or unimproved value of ML50227.
PPM has purchased and commissioned an 8.75 tonne Komatsu PC88MR-10 excavator that is anticipated to be on site and operational at PPM, by the end of September 2022, to commence site clean-up and preparation works.
The funds manager for this PPM offer is Responsible Entity Services Limited ACN 116 489 430 (RES), which holds an Australian Financial Services Licence (AFSL) #299024, and is the issuer of interests in the schemes to which it operates. RES has registered the RES Fund ARSN 127 384 767 and the RES Investment Fund ARSN 120 933 093 with ASIC.
(1) The fixed 12% advertised interest rate is net of fees and expenses so you are not surprised with any costs that cut into our stated interest rate. You receive 12% interest per annum, paid yearly in advance.
(2) You receive a portion of the 15% indirect equity that is specifically set aside for investors by the borrower.
(3) We anticipate a 24-month loan term for your investment. Depending on funding requirements of the PPM project, this may be extended by up to 12 months with a return of 15% interest per annum for the extended loan period.
(4) Please read the product PDS and the TMD for full disclosure of risks before you invest.
PPM is located on Gold Mine Road, in the centre of Helidon Queensland, the site is located approximately 110 kilometres west of Brisbane with easy access to all main highways that provide a gateway to Brisbane, the Brisbane port and to other major cities.