Gwalia Consolidated Ltd has been in the mining industry for about 15 years, yet its key wholly owned Greenbushes Mine has a history dating back to the last century. Similarly Gwalia Consolidated's associate, Sons of Gwalia Ltd owns the historic Sons of Gwalia and Marvel Loch Mines with Sons of Gwalia celebrating its centenary this year. This durability is a testament to the quality of the orebodies concerned and the massive technological achievements over this time which have enabled each of these mines to maintain their competitiveness. While Sons of Gwalia and Marvel Loch were and continue to be gold mines, the wholly owned Greenbushes Mine has survived and in fact prospered through the development of alternative products from its rich and unique pegmatite. Similarly, for Gwalia Consolidated to grow and prosper it will be necessary to expand the current portfolio of products and operations. The Greenbushes Mine has already given Gwalia world `No 1' status in both the supply of primary tantalite concentrates and lithium minerals (spodumene). The asset base contributed by Gwalia's gold investments assisted in the recapitalisation of the Greenbushes assets to fully develop their potential. Industrial minerals and strategic metals were of interest to Gwalia as these markets are relatively small and it is possible to develop an influential if not dominant position in the market with a quality asset. Capital expenditure to develop such projects are also usually in the order of $10 m to $20 m, a manageable range relative to Gwalia's size.
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