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Amateur finds massive gold nugget in New South Wales

THE QUICK ANSWER

A hobbyist using a metal detector found a large gold nugget, dubbed the 'Tibooburra Spud', at Mount Stuart station in New South Wales. The find is trending due to its rare size and high estimated value, which could reach $200,000 if sold to a collector [1], [2].

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FIRST SEEN06:30 UTC, 27 Oct
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Amateur finds massive gold nugget in New South Wales
Image: preview from abc.net.au (source article) · Read the original report

What happened

  1. Mid-October

    An amateur prospector discovers a 1.2kg gold nugget while searching near Tibooburra [1], [2]

What you need to know

1

The nugget contains roughly 940 grams of pure gold and is flecked with quartz [1], [3].

2

Based on spot prices, the find is worth between $150,000 and $160,000 [1], [2].

3

The prospector used a Gold Monster 2000 metal detector to locate the piece [1], [2].

4

Fossicking is permitted for a fee at Gumvale and Mount Stuart stations [1], [3].

NOT KNOWN YET

It is not confirmed if the nugget has been sold to a collector yet [1].

Background

Gold prospecting in the Tibooburra region began in the late 1880s and remains a tourist attraction [1], [3]. While fossicking is banned on the Tibooburra Common due to pending Native Title permissions, some private stations allow it [1], [3]. Experts note that finding nuggets over one kilogram is extremely rare, as most prospectors only find small flakes or nuggets weighing a few ounces [1]. High gold prices earlier this year have reportedly increased interest in the hobby [1].

Questions people ask

What is the 'Tibooburra Spud'?

It is the nickname given to a gold nugget weighing over 1.2kg found in outback New South Wales [1], [3].

Where can people legally fossick in the Tibooburra region?

Fossicking is allowed for a fee at Mount Stuart and Gumvale stations, though it is currently banned on the Tibooburra Common [1], [3].

Where this came from

HOW THIS PAGE WAS MADE

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