Syndicate of Seven

The members, who all worked at Mount Gipps sheep station, which encompassed the Broken Hill, were:- In September 1883 they pegged seven 40-acre (160,000 m2) blocks (blocks No 10–16) along the exposed lode at Broken Hill, thus securing almost the whole of the easily worked ore (Curtis, 1908).

The initial assay results were not encouraging and Lind sold his share to Rasp and McCulloch, probably intimidated by the prospect of calls to finance further drilling.

Poole and Urquhart sold their shares a year later, before the boom days and flotation of Broken Hill Proprietary in 1885 (Curtis, 1908 and Camilleri, 2006).

James sold half his share to Sidney Kidman[citation needed][a] who went on to become a wealthy cattle baron and landowner.

William Jamieson purchased three of these shares for £320, and on 25 April 1885 was offered management of the mine at a salary of £500 per annum.