Hello, good afternoon, everybody. Good afternoon, everybody. Thanks for coming and great to present in my hometown. I'm keen to take on that last challenge, in fact, so I hope I've got a better story for you. We'll soon find out. This is something different. You've seen a lot of red stuff. We move on to some white stuff. This is a very different story. I hope you find it interesting. Zeotech, we plan to change the way that concrete is made in Australia. Big claim, but we can certainly back that very strongly. This was released this morning, so you can read that at your leisure. Disclaimer. What is our investment proposition? Well, I suppose in summary, now it's a commonly held axiom that if it's too good to be true, it probably isn't true.
Well, there are exceptions, and I'm very pleased to have an exception for you today. This is the one. We have exceptionally strong investment proposition in a very interesting area. We have industry engagement, and these will be covered in depth as we go through the presentation, but we have probably the strongest engagement I've ever known in 38 years in this particular mineral in many countries in the world. We are very near some very significant cash flow with extremely low CapEx required. We have a truly unique resource in the world. There's nothing like it. I've worked in 59 countries in this mineral, and I've never seen one like this. It is very unique. The product's been fully validated at every possible scale. We have a very interesting decarbonization angle on this, so that makes this even more compelling a story.
Very importantly, it's a very low-risk business. What you see with most mining projects in Australia, most ASX companies, then there's all sorts of problems with, first of all, with processing. Usually, it has to be processed offshore. That means the value is going somewhere else to start with. If not, you need to have expensive chemicals, so there's transport costs, there's delivery costs, there's geopolitical issues. There's all the international exchange, hedging, and so on. With us, we don't have any of those. We could produce and sell everything in Australia and possibly even just in Queensland and make a lot of money. This is why this is so different. It all comes back to the resource. The resource, as I said before, is truly unique. I can claim that based on, say, 38 years in this particular mineral.
We have a fully granted mining lease, which is that red shape in the middle there. It's a 160 hectare spot, a fully granted mining lease with environmental approval. We also own over 600 hectares of freehold land around that and 28,000 hectares of exploration land around that. A huge area. The resource is open in all directions, but we already have 10.9 billion tonnes within that red shape, and that's only 60%. That's not been properly drilled. We have drilled that now and samples are in for testing. We've now submitted 1,500 samples in for testing. I expect during August that we should be able to announce a very significant increase on this resource, which is important, as you'll see. Not just an increase in size, but also increase in quality.
This area is outcropping 2 km away, every confidence this will be a huge resource, even bigger than we've got now. Importantly, this is very high purity. I grew up in Cornwall, where this was known as white gold in Cornwall, and the white gold in Cornwall was 10% recovery. That spawned a multi-decade, multi-century business, biggest in the world, on 10% recovery. This one is 100%. What we get out the ground, mineral, is 100% goes into product. We just lose moisture. That is why it's so unique. It's also adjacent to a deep water port in Bundaberg, and Gladstone is pretty close as well. In Australia, there's plenty of kaolin Australia. You might have heard about it before. It's never really very economic. There's always problems. You have to process it, expensive, chemicals, water, energy, and then transport.
We don't have any of those issues with this project. First of all, we got some early business. This is not the core business. Now we have got the core business coming through, which are AusPozz, which I'll tell you about. Our ore is so pure, such high purity, I mentioned it's 100% recovery, that we've got a very nice offtake agreement just for the shipping the raw ore. This is just free dig, onto a truck, down to the port, free on board, so the customer brings the ship in. As one customer signed up, we didn't want any more than that. He would take more than this, but we don't want to give him more at this stage. This will give us over AUD 200 million in revenue in the first five years, just free dig on a ship, FOB.
Couldn't be any more simple, any more straightforward. That's purely because our mineral is so pure. That margin on that is also very high. We got over about 45% or more margin. That price just goes up year on year. That's first-year pricing. There's of annual increase year on year. That's very exciting near-term cash business. AusPozz, this is our core product. AusPozz is called AusPozz because pozzolan material is what the Romans used in their concrete to make their concrete last 2,000 years. We can do the same. The secret here is that our material is so pure, we can do this at scale like the Romans did. No one else that we know of in the world can do this at scale because no one's got the resource that we have.
Our material is interesting that we can, say, convert 100% to AusPozz, just moisture losses. When that goes into concrete, this conversion is a temperature conversion at 750 degrees Celsius, converts it to something called metakaolin. This is what's reactive in concrete. It's been done for a long time. I was working on patents for this 28 years ago for a French company, but never thought I'd find something as good as this in the world. What it does, it doesn't just make the concrete lower carbon. We got about 80% lower carbon footprint. It also makes it up to twice as strong, stops shrinkage or reduces shrinkage by a half, so it stops cracking. A whole lot of other benefits knock on from and this has all been independently verified. Performance.
Reducing carbon was the main target, but when we started producing this stuff, well, we realized that we can get the carbon down a lot, but we can also give these massive improvements to performance. When you make the concrete twice as strong, that opens up all sorts of opportunities. You see on the graph there, that's just a very basic slab on ground, 20 MPa, lowest grade concrete. If you put our material in there, we go from a 20 MPa to over 40 MPa concrete. You make it twice as strong, you can use half the concrete. That's half the chemicals, half the labor, improved productivity. Less shrinkage, so it doesn't crack. It's got durability. Well, we've had it independently verified now, 95% improvement in durability. Cures concrete cancer, stops penetration of any nasty things like chloride ions.
This will make concrete last potentially hundreds of years longer. Resistant to chemicals. Underground mines. We've also proved that if you use it in underground mining applications, backfill, this is 15% of the country's cement goes, the highest margin cement in the country, you can reduce that by at least 20%. That can save any mining company that's doing that, millions of dollars a year. Performance is off the scale in all directions. No problem there. That leads to the market opportunity. As I mentioned before, the world of kaolin has never been very exciting. It's usually hundreds and thousands of small companies trying to get small business with ceramics, paper, paint, whatever it may be, adhesives. Well, here now we've got the biggest market that's ever existed for this product. Absolutely immense. Cement production in Australia, there's about 10 million tons of cement used.
We've proven you can replace at least 20%, up to 50% of that by using AusPozz. In terms of concrete, there's about 30 million cubes of concrete. It's something that you use every day. There's about four cubes of concrete, four tons of concrete, say, per person on the Gold Coast alone. This is an absolutely massive market. We've got these potential customers lined up. These are partners. We've got Cement Australia, biggest in Australia. That's a JV between Holcim and Heidelberg, two biggest in the world. Laing O'Rourke, Holcim. In fact, those three companies will be with me next week for two days when we produce a 700-ton run of AusPozz. They are fully engaged. They've tested over 200 mixes themselves and found the same results that we have. We've done over 500 mixes, includes about 40 truckloads.
It's been proven every single scale. The carbon is interesting. The Safeguard Mechanism is coming in from the government. These companies that produce more than 100,000 tons of CO2 already have to pay AUD 43 a ton carbon tax. Well, that's going to apply across the board to imports soon. If you think that our product can save 80% of that's just value going straight to the bottom line for these companies. We've got extremely strong engagement. I've never had engagement like it in, say, 38 years in this industry. We put out a Pre-FS last year. This is based on us going it alone, which we may not do. If we go it alone, then we build our own plant. It's about AUD 100 million CapEx to do that. That plant, this one line by itself producing 300,000 tons, gives us some very strong metrics.
Over AUD 400 million NPV, 42% IRR, payback around about two years. That's with us doing it alone, and there's every chance that we won't have to do that, as you'll see. That's just one line. We could put two lines in. It won't just double that. Economies of scale will make it more than double that. We've got land allocated at Bundaberg Port, about eight hectares to build that plant. We also have land allocated for our DSO business right next to a multi-use conveyor that's underutilized. We just chuck it down to there, onto that orange little rectangle, onto a ship, and off it goes. That port is very well-positioned for us. Likewise, Gladstone, which is where the cement opportunity lies. Commercial pathways. We have interesting opportunities here because we have the DSO.
That'll give us very strong cash flow very easily with no more CapEx required. We've got medium-term. We can make AusPozz and sell it into concrete ourselves. Long-term, or say medium or longer-term, then we pair it with someone who can put it into their cement, make a blend, and then that company would have the best, highest performance, lowest carbon cement anywhere in the country and possibly in the world. There is a film here, but I've run out of time. I talk fast, but I can't talk fast enough. You can watch this on our website. This is the biggest pour ever held in the country, 100 cu m using our AusPozz. It performed exceptionally well.
35 engineers from out of the country flew in, and many of them went away and signed up agreements with us to commercialize this and get it going as quickly as possible. It worked perfectly. That was a 40 MPa concrete. It actually went to about 80 MPa. It handled, placed, and performed like a 40 MPa, which is very, very. Well, it's not normally possible. Sorry, I flicked through that, because I've got two minutes left. What's next? We've got through a few things. We ticked off some major items there. We've got our ERC, our estimated rehabilitation cost approval approved. We've got that, which we can pay as soon as we want to get going. We got our operational works development applications approved. We've done the tender packages for upgrades of roads.
We need a private road built into the mine site, about 2 km over a farmer's field, which we did a deal with. We've got to upgrade a council road A few kilometers just to take the trucks and then put an intersection in, which is a Queensland TMR job. We've got a contractor ready to do that. We've gone through that process. We're producing 700 tons of AusPozz next week, that starts. That's for our MOU partners. We've got Laing O'Rourke, who are already putting it into major infrastructure projects. They've already put it into bids for those projects. We've got major mining international company that wants to use it straight away. We've got our joint venture partners. We've got Heidelberg and Holcim, want to use it. In fact, we also got Boral and Adbri also want it.
That's all the majors in the country want it. Quite clearly, we can't supply enough for all of them, but it's a good position to be in. That will be made next week, that 700 tons. We'll get that into the market as soon as possible. We will get those drilling results out within the next, within August, we'll be able to give you new details of what our actual resource is and maybe a reserve. I can assure you it will be huge. That's very important because the partners we've got there, you've seen the names there. They're not looking at small amounts. They're looking at very large amounts for decades. They want to know that we can not just supply 11 million tons over 20 years. We can supply maybe 20, 30, 40, 50 million tons over that same period.
I'm confident we're going to get that sort of amount from our resource work. If we're going to go it alone at Bundaberg, we need to get the second part of our DFS done, and that is the plant design. It's off-the-shelf equipment. It's just a rotary calciner, used around the whole world. No problem there. We've got some final approvals to get done. Even though Queensland is supposed to be a state that is helpful for mining projects, that's not necessarily true a lot of ways, and we still needed about 80-odd permits and approvals, even though we had full mining lease. We're working through those, and we are a large way through those right now. We hope to be mining already. We haven't quite got there, but are confident we'll be mining very soon.
That'll take us straight into that early cash flow. As soon as we've got those final approvals, we will start those road constructions, and they're coming through very thick and fast. Just closing off. Here's our board. We've got strong board. Just bring attention to Shane Graham, who came on most recently. He ran Boral and Holcim in Australia for decades. Said he would never join an ASX listed company, ever. Didn't want to, didn't need to, he saw what we had, and he's joined on the basis that he also believes this will change how concrete's made in the country. We're sitting on about AUD 10 million cash, market cap AUD 150, AUD 160. The share price hasn't changed much over the last few months, which is unusual for a company that's pre-operational. That's because we've got the DSO factored in.
At the moment, we haven't got any of that cement, concrete factored in. As soon as that becomes factored in, you're going to see a big change here, and it's going to be very exciting times ahead. That concludes it. Thanks very much.