Develop sales of aggregate in northwestern British Columbia.
Highbanks' NI 43-101 compliant, measured and indicated- 71,712,043 ton construction aggregate (sand and gravel) resource is one of the largest, nearest most accessible quarry (barging a fraction of the cost of trucking same tonnage) to new proposed projects at the Port of Prince Rupert, the Port of Stewart & Kitimat, and Pacific Northwest.
May 2015 Preliminary Economic Assessment values the asset at $24.3M with 8% discount to projected cash flows. Project on care and maintenance and production ready
Keeping Swamp Point North production ready for further infrastructure and expansion in the Pacific Northwest.
Reduce administrative costs and review new projects for acquisition to enhance shareholder value