Mining at Mount Boppy.
A Colossal Concern.
In a previous issue reference was
made to the doings of the Anglo-
Australian Exploration Co., whose
scene of operations will be at Mount
Boppy. On Monday last suspension
on the leases was asked for before
Mr. Warden Brown, Mr. G. B. Elwin
appearing for the Company. A perusal
of the evidence will give a better idea
of the intentions of the Company.
Alfred Ernest Bubb said he was the
Australian secretary of the Anglo-
Australian Exploration Co., Ltd.
He applied for three months' suspen-
sion on behalf of Benjamin F. Marks,
Sir Joseph Abbott, and Sir George
Dibbs, as trustees of the company, on
gold leases 231, 237, 230, 315, 281,
317, 314, 318, 319, 339, and 361. He
produced miners' rights for the three
trustees and also authorities to appear
on behalf of the application. He had
all leases except Nos. 231, 237, 339,
361. He produced a letter from the
Mines Department, written in Janu-
ary of this year, to the effect that the
leases mentioned had been surrendered
for the purpose of issuing leases in
lieu thereof with less labor conditions.
A circular was sent to the Australian
shareholders asking their consent to
the sale of the mining properties to
what is the present company. The
capital of the new company was
£110,000, with a working capital of
£30,000, and 10,000 reserved shares.
That amount had been subscribed.
The consent of the original share-
holders had been received to the sale.
He produced a letter from the Galle-
mont Co., dated August 4, agreeing to
sell the whole of the machinery at their
mine, for the use at Mount Boppy for
40,000 shares in the Mount Boppy
Co. He had received a cable from
London on the 14th December, as
follows :— ' Boppy floated ; manager
will he sent as soon as possible. Re-
quire further exemption from labour
conditions until end of March.' No
cash was being paid to the vendors at
all. The whole of the rents on the
leases had been paid. The whole
property would be worked from one
central main shaft, which had to be
sunk. A board of provisional directors
had been formed in London. The
manager could not be here before the
end of February. Should the mana-
ger arrive before the end of March
they would commence operations at
once. The company could not do
anything until the manager arrived,
as he would have to decided where
the machinery would be erected. The
question of the treatment of the ore
was also a very important question
which the manager would have to
decide. The company intended to
erect a 60-head battery and a cyanide
plant capable of treating over 3000
tons of tailings per month. The
working capital of £30,000 would be
utilised in erecting a large dam, put-
ting up the plant, and developing the
mine. With the Gallemont ma-
chinery, the expenditure in the mine
would be equal to £50,000. The
Gallemont mill was perhaps the best
plant of its size in N.S.W.,- and cost
£27,500. At present the Mount
Boppy mine could not be worked for
want of water.
The Warden granted three months'
suspension on the property.
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