Have you tried this very old factory recipe that dates to the 19th century?
1 part paraffinI use canning paraffin, sold in 1 lb. blocks. Probably sold in half-kilo blocks there in Oz. It's the kind of paraffin housewives melt and pour into the open mouth of a jar filled with jam, to seal it. You can use old candles but I wouldn't. Who knows what's in today's candles, especially the scented variety?
1 part mutton tallowI buy mine from Dixie Gun Works but you may find it there in Australia. I dunno, do they have sheep in Australia? (I can hear you smack your forehead and exclaim, "Bloody stoopid Yank!"
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1/2 part beeswaxNot much to add here. However, be wary of synthetic beeswax, typically found in toilet seals. I've found real beeswax at gun shows, Renaissance Fairs, Mountain Man rendezvous and in craft shops. However, craft shops usually sell it in little 1/4 pound (125 gram) cakes that cost far more than what you can buy at the other places.
All measurements are by weight, not volume. I use a kitchen scale to measure 200/200/100 grams of ingredients, then melt them in a widemouth, quart (liter) Mason jar. Place the jar of ingredients in 3 or 4 inches of boiling water, for a double-boiler effect. This is the safest way to melt greases and waxes.
When everything's melted, stir with a clean stick or disposable chopstick. Allow to cool at room temperature. Hastening cooling by placing it in the refrigerator may cause the ingredients to separate.
The result is a semi-hard, waxy lubricant that is good for all black powder applications. I use it for bullets in my .44-40, .45 Colt and .45-70.
After seating heeled bullets in my .32 Long Colt cases, I up-end the cartridge and dip the bullet in said melted lubricant up to where the bullet meets the brass case. Actually, the above recipe is listed in a 1943 American Rifleman magzine as the factory lubricant for heeled bullets such as my .32.
It's excellent as a felt wad lubricant for cap and ball revolvers and cartridges.
It will soften in hot weather but not get runny like Crisco or Bore Butter.
I even lubricate patches for my .50-caliber rifle with it. Works great.
It's all I use for black powder, in varying applications. It's inexpensive to make, easily made and works very well.
Oh ... and each passing day I use it ... I just get handsomer and handsomer ... :grin: