Mount Magnet silver mine, also known as the Magnet Silver Mining Company operated between 1902 and 1941. The former locality and mine site that supported the mine in the years of its operation lies about 20 km out of Waratah. In the 1890s the operation was mined by the ''Mount Magnet Silver-Lead Mine'' name, and this continued after the 1902 company started. The discovery of the deposit was in 1881, but the ground was not worked until 1890. The 10 mile long

Magnet Tramway The Magnet Tramway, often found referred to as the Magnet Tram, was a gauge railway in north west Tasmania.It ran between Magnet Junction on the Guildford, Tasmania, Guildford to Mount Bischoff railway line, and the Magnet mine. History Th ...

commenced in 1902. It was walking distance from

Waratah Australia’s famous waratah (genus ''Telopea'') is an Australian-endemic genus of five species of large shrubs or small trees, native to the southeastern parts of Australia (New South Wales, Victoria (Australia), Victoria, and Tasmania). The be ...

. The mine was ranked third after

Bischoff Bischoff is a German surname. Notable people with the surname include: * Amaury Bischoff (born 1987), Portuguese-born French footballer * Anna Catharina Bischoff (1719–1787), wife of pastor Lucas Gernler, known for her well-conserved mummy * Ber ...

and Mount Lyell in the 1920s in its success and production. The mine company went into liquidation in 1932, but operated until 1941.

References

{{coord missing, Tasmania Silver mines in Australia Mines in Tasmania Mount Bischoff