The Sun.
London, England, 1862-02-08 00:00:00

VUDAITAMUTANA COPPER MINING
A -A- COMPANY of SOUTH AUS rRALIA (Limited).
£135,000, in 45,000 shares of £3 each, thereof
to be paid on application for shares, and a further sum of
£2 per share at the expiration of one month from the date
of allotment.

DIRECTORS.
John Robin Harris, Esq., Blackheath, late of Adelaide,
Auditor of the Kapunda (South Australia) Copper Min-
ing Company.
Henry Hills, Esq., Chemical Works, Deptford, and Copper
Works, Amlwch, Anglesea.
George Humby, Esq., Aberdeen-terrace, Maida-hill, N.W.
Joseph Turnley, Esq., Brighton, Director of the Great
Ncrthern Copper Mining Company of South Australia.
Thomas Hancock, Esq., Manager of the Great Northern
Copper Mining Company of South Australia.
SOLICITORS.

London—Messrs, Pattison and Wigg, 10, Clement's-lane,
City.
Adelaide—Charles Fenn, Esq.

BANKERS.
London—Bank of London, Threadneedle-street, City,

BROKERS.
Messrs. Fenn and Crosthwaite, 3, Royal Exchange-
buildings, City.
MANAGING DIRECTOR.
T. Hancock, Esq.
REGISTERED OFFICES.
1, Charlotte.row, Mansion-house, London.
PROSPECTUS.
This Company is formed for the purpose of purchasing
and working several valuable Copper Mines, situated north
of Port Augusta, in the colony of South Australia.
The property comprises the " Yudanamutana," " Wheal
Gleeson," " Martichudana Mines," and seven surrounding
mineral sections (forming one compact block of 800 acres) ;
also the " Wheal Blinman Mine," constituting in all 880
acres, in 11 sections of 80 acres each, granted in Leases by the
Colonial Government, under dates of August, September,
and November, 1861, at a rental of 10s. per acre per annum
for fourteen years, with a right of renewal for other fourteen
years, upon payment of a fine, to be fixed by the Crown, of
not less than £l, and not more than £2O per acre.
The valuable character of these Mines is established by
men of practical mining experience, whose testimony on
oath, before a Committee of the House of Assembly at Ade-
laide, is subjoined, exhibiting undoubted evidence of the
amazing resources of the Yudanamutana property, while
practically this evidence is comborated by the fact that
about 75 tons of ore, valued at about £2,250, were raised
and carted in ten days by nine men, and shipped for Lon-
don. Large quantities of rich ore can be promptly pro-
cured by mere quarrying, rendering it of course compara-
tively inexpensive in raising.
The distance of the nearest Mine from Port Augusta is
not more than 120 miles, while the farthest is about 65 be-
yond, with excellent roads. The Port Augusta Tramway
Company, moreover, which is now in course of initiation,
under most favourable terms from the Government, will
speedily give increased facilities of transmission from and
to this district.

The purchase of these several Mineral Properties, in-
cluding all ores at surface, has been made on the following
equitable terms, without any restrictive rights or royalties,
namely £25,000 in cash, and 15,000 paid-up shares, on as-
signment of the property, none of these shares being trans-
ferable till six months after the date of the issue.
The Capital of the Company is ample for the adoption of
vigorous operations at the various Mines, and will leave a
large amount in hand as a reserve fund, while, from the
profitable results which will accrue, early dividends may be
reasonably expected.

All charges for promotion, advertisements, Brokers' com-
mission, besides all preliminary, legal, and other expenses,
up to and including the costs and fees of registration of the
Company, have been defined and agreed for at 3 per cent.
upon the nominal Capital of the Company.
Applications for Shares may be made t 3 the Bankers or
Brokers in the annexed form; but no application for less
than five Shares, or a multiple of five, will be considered,
nor unless a deposit of £1 on each Share applied for is pre-
viously paid to the Bankers;of the Company.
To render the allotment as equitable as practicable, the
Shares will be appropriated in full, in the order of appli-
cation, according to the Bankers' book. and the list closed
as soon as the required number of Shares is subscribed ;
but no allotment above 1,000 shares will be made to any
applicant.

A Select Committee of the South Australian House of
Assembly was appointed in June, 1860, to take evidence on
the Mineral character of the Northern District of the Colony.
The examination of the following practical Mining wit-
nesses, by the Chairman, on the Yudanamntana properties
is as follows :

Mr. Ward's Evidence.—Could you give a rough state-
ment of what Copper there might be lying in the north
ready for cartage ?—I could not say. There is an immense
mass of Copper lying on the surface at Yudanamutana.
Mr. Alfred Ft ost's Evidence.--Does the ore crop out on
the surface, at any places you have seen, to any large
extent ?—Yes ; atYudanamutana there is an immense lode.
There are two sections, and in the northern section are four
lodes running north and south, and one east and west; and
in the southern section there is one lode—a very heavy
body of green carbonate—varying from 6 inches to 27 feet
thick.

When you spoke of a lode 27 feet wide, is that solid ore,
or rock and ore mixed F—That is all Copper • it stands
about three feet out of the ground, as if the rain had washed
the surface away and left it standing. At the eastern side
of the lode it is very solid.
Is the quality of it good ?—I have had some of it assayed,
and it averaged 50 per cent.
Is it likely, do you think, that a large quantity of ore
would be raised ?—Well, Mr. Giles was with me, and he
said he thought there was very nearly 1,000 tons of Copper
on the surface.

Mr. Giles's Evidence.—The quality of the ore you have
seen—is it generally good P—ln some instances remarkably
good ; at Yudanamutana the per tentage is very high.
Mr. Alford's Evidence.—Near Yudanamutana, I think,
there is plenty of water for all the year. As far as going
to Wheal Blinman is concerned, I believe you can ride up
in the mail cart to within 28 miles of the Wheal Blinman,
over a very good road. In fact if you keep the Northern
road, it is like going over plains, and occasionally winding
round the spurs hills.

In additiOn to this evidence, the reports of several min-
ing gentlemen are annexed, namely:—
Mr. Giles.—" The hill, where the great mass of Copper is
cropping out, forms the Southern or Yudanamutana section.
On the Northern section (Wheal Gleeson) ai e five distinct
lodes, four running parallel to each other, north and south,
and one cross course east and west; the ore is red oxide
(Ruby Ore) at least 60 per cent."
" The Yudanamutana Creek divides the two sections ;
on rising the hill from the Creek going southerly, a great
deal_of Copper is on the surface; near the top it is cropping
out in great blocks, and the summit is crowned with an
enormous mass of green carbonate in detached blocks of
many tons weight each; large quantities of ore require only
to be broken up to be fit for cartage and shipment."
Mr. E. James.—" The lode runs north and south ; it is
12 feet wide, composed of every sort of rich ore. Some, I
think, will make a produce of 70 per cent. ; it is the richest
place I ever saw—the best, I think, that has ever been dis-
covered north of Adelaide."
Mr. J. Mole.—" I have just come from the Yudanamu-
tana Mines; it is the best piece I have seen at the north—
, the lode being very large, and cropping three or four feet out
of the ground, going down almost perpendicularly. There is
an immense quantity of ore, showing, at surface, of a rich
quality."
James Giles.—" Wheal Blinman.—l opened the ground
on the course of the lode and ascertained the width of the
same to be six feet, two feet of which was solid dark grey
ore: The lode is well defined, with a rich red gossan back,
and the country soft. I believe that it will prove one of the
richest Mines in South Australia; the distance from Port
Augusta (about 125 miles) not being a serious disadvantage,
as the road to that place is excellent."
Captain J. B. Pascoe states, in letters dated Nuccaleena,
Sept. 19th and Oct. 17th, 1861:
" Captain James and men arrived here from the Yuda-
namutana Mine on Saturday last, having loaded 26 drays
with first-class ore in ten days, with seven men, himself,
and horse driver; never such a thing done in mining be-
fore, and they can do it again at any time."
"I have examined the Yudanamutana; there is more
ore in that mine than in all the mines I have seen in the
north.
" mv be here
leouldraisel 0, 000
mentioned h
tons
eft richat the well-knownore for l 5,000 ."
It
13
urra
Burra, Kapunda, and other rich mines are north of Ade-
laide, yet the foregoing reports express the conviction that
the Yudanamutana Mines are the best ever discovered north
of Adelaide.
London, February, 1862.