Highbank Resources Ltd is a reputable aggregate developing and producing company located in northwestern British Columbia. The company boasts a significant 71,712,043-ton construction aggregate resource at the SPN sand & gravel quarry, as per a NI 43-101 compliant report. A Preliminary Economic Assessment conducted in May 2015 estimated the asset's value at $24.3M, considering an 8% discount to projected cash flows.
Strategically positioned near proposed pipeline, LNG, and propane projects, notably accessible by barge from the Port of Prince Rupert, the Port of Stewart, and Kitimat, Highbank Resources operates a fully commissioned sand and gravel quarry at Swamp Point North. The company capitalizes on the booming sand and gravel business, which has been growing at a rate of 10% annually since 2008, as reported by The New York Times in November 2014.
With a stable presence in the Canadian construction aggregates industry – the largest sector in the non-fuel minerals industry – Highbank Resources prides itself on providing high-quality construction aggregate. Renowned for having access to some of the finest aggregates globally, British Columbia, where the company is based, is known for its superior quality construction materials, as supported by preliminary laboratory analyses of the Swamp Point Property aggregates.
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