Amateur fossicker strikes gold with $150,000 nugget find in NSW
An amateur prospector unearthed a 1,200-gram gold nugget on Mount Stuart station near Tibooburra in north-western NSW. It's worth about $150,000.
A Broken Hill prospector found a massive gold nugget weighing over a kilogram. In mid-October, he nearly walked past it.
The prospector had been searching for several days with his metal detector. When he picked up a signal and dug down about 100 millimetres, he found bright yellow gold with quartz specks.
Tests showed the nugget contains around 940 grams of pure gold. At spot price, it is worth between $150,000 and $160,000.
The prospector wants to remain anonymous. He has nicknamed his find the Tibooburra Spud.
He plans to sell it to a collector, potentially pushing the value to $200,000. A supplies shop owner in Broken Hill says high gold prices this year have drawn more people to fossicking.
But finding a kilogram-sized nugget is exceptionally rare.
- 1,200 grams
- Nugget weight
- 940 grams
- Pure gold content
- $150,000 to $160,000
- Spot price value
- Mount Stuart station near Tibooburra, NSW
- Location
Why it mattersThere is still serious money to be found in the Australian outback. Soaring gold prices are pushing amateur prospectors to try their luck.
AustraliaDirect discovery in outback NSW; demonstrates why gold prospecting remains an attractive hobby across remote Australia with real financial rewards possible.
✓ Claims checked against the source. checked 3 h ago
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