An established Queensland-based open pit operation extracting diatomite, palagonite mine and aggregate resource has been listed on the market.
Known as Mount Sylvia Mine, and located approximately 38km southwest of Gatton and 90km southwest of Brisbane, the site produces four minerals used in three different industry sectors:
- Basalt is used for road construction in the infrastructure sector (produced and sold since the 1960s).
- Palagonite is used by compost manufacturers, organic farmers and cattle farmers in the agriculture sector (produced and sold since 2010).
- Non-human food-grade diatomite used in the agriculture sector (produced and sold since 2010).
- Human-grade amorphous silica (diatomite) used by humans for healthier hair, skin, nails and joints in the health and wellness industry sector (produced and sold since 2016).
Tim Heesh and Mark Everingham, in their capacities as Joint and Several Receivers and Managers of the shares in Mount Sylvia Diatomite Pty Ltd ACN 098 012 935, Mount Sylvia Properties Pty Ltd ACN 116 568 944, Absorbacide Pty Ltd ACN 116 568 935 and Palagonite Australia Pty Ltd ACN 623 508 850 are seeking urgent EOIs for the project.
The mining activity takes place within three adjoining Mining Leases (ML5966, ML50225 and ML100160) and covers an area of approximately 1030 ha. The mining leases are situated within two freehold properties, Lot 124 SP271320 and Lot 166 CC493. There are also three other freehold properties, Lot 114 CC94, Lot 116 CP94 and Lot 139 CC934.
Any prospective purchaser should be aware that this is a sale of the ordinary shares of the Companies and therefore includes all of the assets and liabilities, including secured encumbrances, where applicable.
Any prospective purchaser should contact Nicholas Flood on 02 9011 5404 or email Nicholas.flood@tphadvisory.com.au for a copy of a Confidentiality Agreement.
Following receipt of the executed confidentiality agreement, by the receivers and managers, potential purchasers will be provided with access to an Information Memorandum and are invited to express their interest in purchasing the shares.
Interested parties will be at liberty to undertake a due diligence review of the shares via the information provided in the Information Memorandum.
Expressions of interest must be submitted in writing by close of business on Friday, October 17, 2025.
The Receivers and Managers reserve the right to amend the deadline.
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