South Australian Mining Association was a no-liability company which established several mines in South Australia, notably the "Grey Wheal", or north mine at Burra, which made a fortune for its promoters, the "Snobs", while the adjacent southern claim, by the Princess Royal Company ("Nobs") proved worthless.
The South Australian Mining Association (SAMA) was formed in 1841 following a letter to the South Australian newspapers by Johann Menge, extolling the mineral wealth which he believed lay under the soil, and later itemised. and discovery of silver-lead ore to the east of Adelaide, dubbed the Wheal Gawler mine. Shares were offered to the public.John Bentham Neales was agent and George Morphett the barrister for the Association, whose shares were under-subscribed, and whatever mining may have taken place was not newsworthy.
On 16 April 1845 the Association was resurrected, or a new one formed with the same name (it is not easy to determine which), as a no liability (or no-responsibility in the terminology of the day) company. At the land sales of 19 April 1845 the Association made a purchase adjoining Captain Bagot's property near Kapunda, and another on the River Torrens near Montacute.
Henry Mildred was appointed chairman; seven members of the Association were elected to form the board of management (three to be replaced each year). They were (in order of votes received) Emanuel Solomon, John Cundy Sleman (who left Australia in December 1846), Charles Beck, , William Peacock, Jacob Hagen, George Bean. Other candidates were: (again in order of votes received) William Paxton, Matthew Smith, Thomas Whistler, Samuel Payne, Tom Cox Bray, Robert Sanders and Edward Castres Gwynne. The firm of Smart & Payne was appointed their solicitors and Henry Ayers secretary. Other subscribers were: J. Dickens, Michael Featherstone, J. B. Graham, G. S. Kingston, J. B. Neales, John Newman, Robert Pepperell, John Ridley), George Stevenson, ?? White. Other names were William Allen, Frederick John Beck, Joseph Bouch, James Bunce, (Edward?) Drew, Anthony Hall, John Hallett, James Hardman, James Masters, Christopher Septimus Penny, Henry Roach, John Slatter, Thomas Waterhouse.