One of a cluster of mines including Ludcott, Wrey, and North Trelawney, operated two north-south lodes spaced approximately 120 yards apart. They merged around 1863 as Wrey and Ludcott United but ceased operations in 1874. Wheal Ludcott, positioned in the middle of the group, exploited both the eastern and western lodes. The discovery of silver in late 1861, particularly at the intersection of lodes and faults, significantly boosted operations. The silver deposit, primarily found near dislocated portions of the eastern lode, produced up to 306 tons of silver ore by 1864. Share prices soared initially, generating brief prosperity. Wheal Ludcott was opened in 1851 under Mr. Crouch’s lease, managed by Capt. Dunstan. However, substantial success came under Capt. Knapp’s leadership in 1852, with notable expansions and discoveries. Operations continued until 1874, with a proposed reworking in 1875, which ultimately fell through despite acquiring a sizable beam engine.