We have given a note or two, some time ago,
about the Mount Boppy mine, in the Cobar dis-
trict, which the Anglo-Australian Exploration,
Limited, has secured, and partially explored. We
have held that this a valuable property, and we
made, and repeat, the statement from personal
acquaintance with the locality, and from evidence
altogether apart from anything represented by
the Exploration authorities. It will be recol-
lected that in the early part of this year the Lon-
don directors sent Mr. William Frecheville, a tho-
roughly competent and independent engineer, to
report upon the Gallymont mine, in which the
Exploration was interested. After completing his
work there, Mr. Frecheville went on to Mount
Boppy, and reported upon it. The result of his
investigation was entirely satisfactory. Although
only developed to a depth of about 200ft. at pre-
sent, he estimates that there are 35,000 tons of
payable ore in sight, and there would appear to
be every reason to expect that this quantity will
be largely increased as operations are extended.
The Anglo-Australian has since made arrangements
tp form a company of £110,000 capital in £1
shares, of which 10,000 will he reserved, and 30,000
will be devoted to working capital. In order to
provide machinery 40,000 shares will be paid to
the Gallymont Company for their battery and
other plant, which is of a most elaborate and up-to-
date character. This is an excellent arrangement,
and will enable the Mount Boppy to start fully
equipped. We have every reason to think that
this new venture of the Anglo-Australian will be
a complete success!
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