Syndicate of Seven
The Syndicate of Seven is the name given to the original members of the Broken Hill Mining Company formed in 1883, who lodged applications for mining leases along the Line of Lode at Broken Hill in New South Wales, Australia.
The members, who all worked at the remote Mount Gipps Sheep station, were:-
"Each of the above seven contributing the sum of £70 each".
(Curtis 1908, and Camilleri 2006).
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 Syndicate of Seven was masterminded by George McCulloch (Camilleri, p17, 2006).
The initial assay results were not encouraging and Poole, Urquhart and Lind sold their share before the boom days and flotation of Broken Hill Proprietary in 1885 (Curtis, 1908 and Camilleri, 2006). James Poole sold half his share to Sidney Kidman who went on to become a wealthy cattle baron and landowner.
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