Sunshine coast farm sitting on alluvial sand worth $1billion goes up for sale

Farm sitting on 'buried treasure' worth $1billion goes up for sale – but it will take a very specific buyer to unlock its true value A cattle farm in Meridian Plains, QLD, is sitting on $1billion worth of alluvial sand The deposit is the biggest found in the state and could supply QLD for decades The site is tipped to sell for $7-10 million, but could generate millions if mined

By Tita Smith For Daily Mail Australia

Published: 06:16 GMT, 4 November 2020 | Updated: 08:34 GMT, 4 November 2020

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A cattle farm sitting on $1billion worth of sand has been placed on the market.

The Meridan Plains property, on Queensland's Sunshine Coast, has spent the past few decades as a cattle fattening operation - despite holding the biggest deposit of alluvial sand ever discovered in the state. 

Now the 208 hectare chunk of land is up for sale and could become a lucrative investment for the right buyer. 

A 208 hectare property in Meridan Plains (pictured) that is sitting on $1billion of sands has been placed on the market

A 208 hectare property in Meridan Plains (pictured) that is sitting on $1billion of sands has been placed on the market

The site is tipped to fetch between $7million to $10million, according to industry experts, meaning the next property owners could rake in more than $900million in profits if they mine the treasure beneath.

WHAT IS ALLUVIAL SOIL?
Alluvial deposits are sediments composed of gravel, sand, silt or clay deposited in river channels or on floodplains.  They occur in most regions of Australia and are a major

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