English sold out ore deposits (5)

I believe the answer is:

lodes

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'ore deposits' is the definition.
'lodes' can be an answer for 'deposits' (lode is a kind of deposit). I'm unsure of the 'ore' bit.

'english sold out' is the wordplay.
'english' becomes 'E' (abbreviation).
'out' indicates anagramming the letters (out can mean wrong or inaccurate).
'e'+'sold'='esold'
'esold' is an anagram of 'LODES'.

Can you help me to learn more?

(Other definitions for lodes that I've seen before include "Doles out in metal veins" , "Deposit of valuable ores" , "Mineral veins" , "Metal containers" , "Veins of metal ore" .)

I've seen this clue in the Sydney Morning Herald.

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