Annual Report for ML's covering the period for the year ended 31 December 2012

Abstract

These areas have been both been worked historically by Chinese miners. The TeaCup mine produced tin concentrates from a small open-cut workings with the last 50 tonnes of ore treated yielding 6ozt of gold. The exact source of the gold is yet to be determined. A the time of the closure of the Mt. Wells Battery there was 1,200 tonnes of ore from the TeaCup tin mine awaiting treatment. No account of this ore has ever been made. A small drilling programme was undertaken which yielded inconclusive results, although a small boulder of pegmatite was produced from the open-cut which assayed 24 percent Sn. The small boulder was retained at the Mt. Wells Battery as a specimen. The drilling results are located in the Department's Library. Jimmy's Knob was purchased from Mr. 'Merv' Lee. Prior to this Geo Peko had an option to purchase the tenements. During this option period a drilling programme was undertaken, the results of which are located in the Department's library. Mr. Lee produced a quantity of tin concentrate from 'crushings' treated at Mt Wells and from ore he treated at his residence on the banks of the McKinlay river. The author observed several 'drums' of ore won directly from the ground as course lumps of cassiterite. The volatility of the international tin market prevented these mines from reopening initially. There are presently discussions underway regarding a possible joint venture or sale.