This circuit is mainly intended to provide common home stereo amplifiers with a microphone input. The battery supply is a good compromise: in this manner the input circuit is free from mains low frequency hum pick-up and connection to the amplifier is more simple, due to the absence of mains cable and power supply. Using a stereo microphone the circuit must be doubled. In this case, two separate level controls are better than a dual-ganged stereo potentiometer. Low current drawing (about 2mA) ensures a long battery life.
The circuit is based on a low noise, high gain two stage PNP and NPN transistor amplifier, using DC negative feedback through R6 to stabilize the working conditions quite precisely. Output level is attenuated by P1 but, at the same time, the stage gain is lowered due to the increased value of R5. This unusual connection of P1, helps in obtaining a high headroom input, allowing to cope with a wide range of input sources (0.2 to 200mV RMS for 1V RMS output).