Funny...I've got an almost identical one from an old Atco that I used to cut my grandmother's lawn with when I was very small.
I think you might be right with the wires.
Does it work?
Do you know how to wire it up?
Do you want to sell it?
It did when it came off the mower some 10 years ago. And it can't be that hard.
I've just donated it to my local makerspace - I'll check it's still there and not been grabbed for some other project.