Sealed Bid Auction - December 7, 2017

Northern White Silica Sand – AUCTION

Mine Details

Commodity: Silica
Location: Illinois
Terms:
Price: MINIMUM BID: $7.5 MILLION OR $0.12/TON

Seller Website

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LA SALLE IS THE CAPITAL OF SILICA SAND - Be in the heart of Silica Sand, in fact there is an operating silica sand mine immediately east of the property along I-80.

LOGISTICS - This location in the City of La Salle is especially attractive and provides excellent logistics opportunities via trucking, rail and barge facilities all within close proximity. The Illinois Railway to BNSF is eleven miles away. BN and CSX facilities are within seventeen miles. There are two combination rail / barge facilities on the Illinois River as well as at Peru and at Ottawa. The property is five miles from the Illinois River. A new truck to rail transload on the Union Pacific is eight miles north of the property on I-39.

ESTIMATED RESERVE: 64.5 Million Tons

ANALYSIS - In 2013 Marino Engineering Associates of Urbana, IL conducted testing on the site and reported sand seam thickness range from 67 to 89 feet with an overburden averaging 7.5 feet. The samples were analyzed by Stim-Lab, Duncan, OK and meet API specifications for frac sand. The study determined an estimated reserve:

9.3 million tons of 20/40
36.6 million tons of 40/70
16.5 million tons of 70/140
over 2.0 million tons of other sizes


651 N. 3029th Road - La Salle, IL.
City of La Salle located on I-80, only 90 miles southwest of Chicago, 5 miles north of the Illinois River. I-39 is only two miles away. It is also 250 miles south of the Wisconsin sand mines thereby allowing for year round shipping on the Illinois and then the Mississippi Rivers at Peru and Ottawa.


Northern White Silica Sand Reserve

City of La Salle, Illinois

64.5 Million Tons
Meets API specs for frac sand
Minimal overburden (average 7.5 Ft.)
14% 20/40, 56% 40/70, 26% 70/140
Seam thickness 67 to 89 feet
240 acres with mineral rights
Adjacent to operating silica mine
Zoned M-1 Light Industrial




Certified Funds To Bid : See Offering Memorandum

Buyer's Premium (Buyer's Fee) : 6% of the high bid

In Cooperation With : JLL - Jones Lang LaSalle