Quantum Rocks

Quantum Rocks Fiji was established in 2018. The company has reached the following milestones:

•   Lease agreement signed with the landowner. The lease starts from the 17th

of April 2019 for the term of 25 years.

•   MOU signed with Basic Industry Pte. Ltd.. Basic Industry will purchase all basalt rocks extracted on site.

•   Environment Impact Assessment (EIA) Report completed, and EIA approval granted by the Department of Environment of Fiji in April 2023.

•   The Environment Bond has been placed on Quantum Rock quarry project by the Department of Environment to guarantee its satisfactory completion of restoration and rehabilitation for mining and extractive development.

QUARRY DEVELOPMENT AT DELAIWAINAKARA, LAMI

Activity

Extract basalt rock used for infrastructure constructions in local market, and to be exported to foreign markets.

Stocks & Volume

Designated site is at Delaiwainakara, Tikina Suva, Rewa Province. A 20.2868ha (50.11acres) of mountain land with valuable stone deposits of 5.602million cubic meters in a 99-year lease– commencing lease 17th April 2019 that holds basalt rock with deposits of around 5.620million cubic meters.

Extraction & Revenue

Based on the Mineral Resources Department (MRD) Fiji Report dated 11th October 2022, and validated by third party 3 Solution Prospect on behalf of Basic Industry Pte Ltd prospect extraction up to 144,000 cubic metres annually at a forecasted revenue of FJD25.920million at market value of FJD180 per cubic meter.

Investment in partnership in an open placement, which we have some interest from private sectors, opens door to this ownership of the basalt rock deposit for the next 97 years.

 Investment We Are Seeking

We are looking for equity investor(s) with FJD10million for 20% of Quantum Rock’s shares Currently an extra FJD4million is needed for the project to fully operate, 20% of which, equals FJD0.8million is expected to be shared by the equity investor(s).