future quarry resourcesFuture Quarry Resources (‘FQR’) has been established to take advantage of the growing disparity between supply and demand of sand and aggregates in South East Queensland and Northern New South Wales. The majority of existing quarries servicing these regions are nearing the end of the approved lives of the quarry and existing quarries are coming under increasing societal pressure as the ever widening urban sprawl approaches these locations.

The demand for sand and aggregates is strongly influenced by economic activity, population and major projects such as highways.

South East Queensland and Northern New South Wales projected population growth rates, coupled with the government’s commitment to infrastructure and development have highlighted a looming shortfall fall in materials.

The key use of sand and aggregates is in construction materials for the following:

  • Buildings/ Housing
  • Roads
  • Public Infrastructure

The objective of FQR is to identify, secure and gain approval of greenfield quarry and sand assets. This process will include:

  • Securing extraction permits
  • Obtaining Development Approval
  • Negotiating royalty agreements
  • Considering any offsets required including vegetation, Koala and biodiversity requirements

Managing Partners

The founders of FQR, Mr Trenton Clark and Mr Michael Mullins (‘the managing partners’) have extensive experience and expertise in the identification and securing of quarry assets. Prior to the founding of FQR, Trenton and Mick were involved with the establishment and operation of Earth Commodities Pty Ltd. Earth Commodities is an aggregation of 7 quarries in Queensland and had a turnover in excess of $45 million per annum. The principals conceptualised the idea of consolidating a group of quarry assets, developed the business case, raised debt and equity financing, negotiated the terms of acquisition of each of the quarries and oversaw the management and operations of the company. In 2009 the principals realised their investment in Earth Commodities via a trade sale.

Trenton Clark

future quarry resources - trenton clark

Trenton has had a diverse background both in terms of geographical locations and across a multitude of sectors.

He commenced his career with Arthur Andersen in Brisbane and was soon seconded to London and New York for a period of 8 years. Throughout this time Trenton specialized in corporate finance and turnaround consulting work.

Upon his return to Australian Trenton held a number of large public company Board positions and assumed the CEO role for some key Australian companies. Trenton developed a reputation for making a positive impact on all companies involved. In particular he developed a reputation for applying lateral solutions to often difficult and long-standing problems to increase shareholder value.

Trenton then undertook the Investment Director role at CHAMP, Australia's largest independent Private Equity house. The firm specialized in all aspects of venture and mezzanine capital from start-up technology funds to large MBO and LBO deals. He is an experienced Board Director and developed a significant track record of driving outstanding returns for investors.

In the last seven years, as a founder of Valesco Capital, Trenton has focused his attention on the Building Products sector. In particular Trenton was the Founder, with Michael Mullins, of Queensland’s largest independent quarry and sand mine company. He has an extensive contact base at the highest level across all major industry players. He is involved in all aspects of the industry from due diligence reviews, debt negotiations, investment management and monitoring and exit.

Michael Mullins

future quarry resources - michael mullins

Michael started his professional career as a commercial and property lawyer. Michael worked extensively in the areas of conveyancing, leasing, franchising and intellectual property, banking and finance and business sales and acquisitions. After seven years he started his pursuit of entrepreneurial activities and has worked as an entrepreneur in private equity ever since.

He was a founder of Business Support Systems in 1994, a market leader in corporate real estate software. He sold that business in 2000.

During 1999, Michael was a founder of Peplin Biotech Ltd, which was listed on the ASX in 2000. The company was recently sold to a European based company for over $US400 million. Michael worked with various technology companies raising capital, including Australian Dehydration Technologies Pty Ltd and is currently the Chairman of that company. In 2005 he was a founder of Earth Commodities the largest independent quarry group in Queensland, and sold his interest in 2009.

Through his involvement with the Entrepreneurs’ Organization, Michael undertook a three-year executive program at MIT in Boston, which focussed on managing fast growing companies and has applied this knowledge to various companies and assisted other clients in achieving their goals. Michael was Chairman and Global President of the Entrepreneurs’ Organization in 2005-2006, representing over 7,000 members globally.

Michael has also undertaken many different property development projects and has mainly focussed on the residential and retail sectors. These projects have included large flat land subdivisions, medium rise apartments, and small shopping centres. Michael continues to work in these areas today.

As a founder of Valesco Capital, Michael’s particular expertise is in structuring projects, and mergers and acquisitions.

Michael is a consultant at Mullins lawyers Brisbane, and is a Director of the Queensland Childrens’ Medical Research Institute.


Level 4
247 Adelaide St
Brisbane Q 4000

future quarry resources

GPO Box 3013
Brisbane Q 4001

+61 7 3221 1522 (T)
+61 7 3221 1922 (F)
[email protected]

Trenton Clark
+61 4 47 771 329
[email protected]

Michael Mullins
+61 4 38 566 511
[email protected]