Finally found a candidate for this challenge.
Ladies and gentlemen, behold the fantastically named Malvern Star GEODYNAMIC
If you are unfamiliar with Malvern Star's once prestigious but now laughable reputation in Australian cycling, there is heaps of info here-
Malvern Star - Wikipedia, the free encyclopedia
Some more photos:
Found this under the bar tape...
Known problems:
Handlebars rusted, but perhaps salvageable. These will be cut off at the drops, for a sleek, snub-nosed look.
Right pedal and cassette stuck, pending further exertion.
Tyres, tubes, bar tape, chain, cables and housing unsalvageable.
However, all other parts (Crankset, derailleurs, shifters, brake levers [probably swap these for some old BMX levers I have somewhere], seatpost, stem, maybe saddle, bottom bracket, wheels [however, spokes may not last long] and headset).
All this clunk was only 10 gold coins (approx USD9).
Work is now underway, updates soon.