Undeterred by its financial situation the Company now obtained an Act to build from Kidwelly to Velindre in 1864 and from Kidwelly to Pontyberem in 1865, accessed in the Gwendraeth Fach and Gwendraeth Fawr valleys respectively. There were considerable mineral deposits at these locations, chiefly limestone in the former case. The finances of the C&CR were so confused that it was found impossible to proceed, and a Shareholders' Meeting was held on 11 July 1866 to agree to the separation of the scheme from the C&CR. A Bill was prepared: