‘Billabong Blue’ highly regarded, long established sapphire producing mine, gem fossicking and agricultural property.
Total land area:
‘Billabong Blue’ 512.40ha (1265.62 acres) Freehold
Mining Lease:
ML 10 (Mineral Owner) area 265.7ha (656.30 acres), expires 2039
Location
26kms East of Inverell, Bitumen Road
Revenue Streams:
*Sapphire Mine:
Owner operator operation OR Lease the mine to an operator
Huge areas of unmined sapphire bearing soils available and large areas of tailings from previously mined soils in the 1970′s
*Fossicking:
Well supported each weekend by the paying public
*Camping Grounds:
(Council approved) attracts fossickers, bushwalkers, bird watching and photography enthusiasts.
*Agriculture:
Soils are suitable for the production of fodder, Cattle and Sheep grazing
*Firewood Sales:
Large quantity of fallen timber
Country:
Basalt Loam Creek Flats extending into gently undulating granite soils to steeper areas of timbered grazing country. Approx. 60ha of cultivation that has been recently sown to oats
The country to the North of the Fraser Creek covering an area of approx. 310ha is treed grazing country
Water;
Fraser’s Creek and Horse Gully:
Fraser’s Creek runs through the property for approx. 2.3km. Horse Gully runs through the property for .5km. Horse Gully feeds into Fraser’s Creek
Bore:
The bore is electrically equipped suppling Stock and domestic water
Dams:
Three earth dams and two gullies
Rainfall:
Approximately 30 inches of rainfall annually
Fencing:
Kilometres of new stockproof fencing has been completed within the past few years.
Subdivided into multiple paddocks
Residence:
Comfortable residence comprising of 2 bedrooms, an office, refreshed kitchen and double carport
Additional structures:
Steel frame shed- 15m by 10m, three bays. Enclosed on three sides
Fossicking office:
Power, water and internet