From the end of World War II until the early 1960s both Geevor and South Crofty found it hard to raise capital and to recruit skilled miners.
The previous owner of the mine, Baseresult Holdings Ltd. was the majority shareholder of the new company alongside Casserite LP, an investment vehicle acting for Galena Asset Management, a subsidiary of commodity trading company Trafigura.
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The first really significant developments came in 1710 when Francis Bassett obtained a lease of Penhellick Vean and a drainage adit was begun.
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In mines where wolframite was mixed with cassiterite, such as South Crofty and East Pool mine in Cornwall or with bismuth such as at the Shepherd and Murphy mine in Moina, Tasmania, magnetic separation was used to separate the ores.