MINING

Hokitika Guardian, 24 June 1933, Page 6

MINING

GREAT BOULDER MINE A REMARKABLE RECORD The history of the Great Boulder Proprietary Gold Alines, Limited,', which has been operating in western Australia for nearly 40 years, is wrapped |up with the-history of Kalgoorlic. In 1804 Kalgoorlic was at a low ebb, as most of tht alluvial diggings had become exhausted, but the successful notation of the Great Boulder and Lake View mines in 1895 resulted in an <>rgy of company promotion, and money flowed into the fields.

To-day, after 39 years of production, tlie Great Boulder, confronting the pessimists of recent years who contended the mine was nearing its end, shows no signs of exhaustion, and in point of fiiet, says a correspondent of the Melbourne Age, several prominent discoveries have been made on the property during the past twelve months, especially on the “X” lode at tlie 1050 ft. and 1600 ft levels. Within a few years of its existence tlie company produced 1,000,0000 z. of gold after being regarded as a veritable “wild cat,” and had paid £1,703,057 in dividends—almost ten times the amount of the nominal capital. Its dividends have been its distinctive feature; except during recent years. Since the mine’s inception in 1895 it crushed to June, 1932, 4,301,693 tons for 4,3H,9390z. valued at £14,844, 819.

Profits were £7,397,224. The 2s shares forming the capital of £175,000 have realised more than 3524 per cent in dividends—a feature unsurpassed except by very few companies in the world.

No other company on the Golden .Mile has come within 50 per cent of the dividends paid by the Great Boulder. The latest estimate of ore reserves reveals that there are 204,792 tons of Bcwt. ore, while probable ore reserves are 333.208 tons. Ore reserves in 1930 were only 87,000 odd tons. The mine i« maintaining its reputation, as one of the world’s most remarkable properties.