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Aussie man hits the jackpot, finds $100,000 gold nugget with metal detector

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Aussie man hits the jackpot, finds $100,000 gold nugget with metal detector

An Australian man has unearthed a 1.4kg (49oz) gold nugget with a metal detector while wandering Western Australia’s gold fields.

The anonymous prospector couldn’t believe their good luck when their metal detector uncovered a whopping 1.4 kilogram nugget while hunting for gold in Kalgoorlie in Western Australia’s Goldfields-Esperance region recently.

Given the current price of gold is sitting at around $59,490 per kilogram, the 1.4kg nugget could be worth almost $100,000.

A shop in Kalgoorlie shared pictures of the rock online.

Kalgoorlie, located about 600 kilometres east of Perth, is home to one of the world’s richest gold deposits. The area known as the Golden Mile sparked one of the greatest gold rushes in Australia’s history, starting back in 1893.

It is to be noted that about three-quarters of the gold mined in Australia is produced in and around the Kalgoorlie region.

Mr Cook, who owns a shop selling supplies to gold prospectors, said the man detected the piece on some saltbush flats, about 45cm (18 inches) below the surface.

“He walked into my shop and showed me the nugget in his hand with a big smile on my face,”  said Mr Cook

“It just a bit bigger than a packet of smokes, and the density of it was incredible, so heavy.”

“It’s good to see people out there and finding nuggets like this,” — he added

“They’re harder to find but they’re still out there.”

Cook said the nugget is worth a whopping $100,000 and those nuggets of that size are found just once or twice a year.

It’s also rare for people with a mere metal detector to have such a large find. Normally, discoveries of that size only occur with the use of heavy machinery.

Smaller traces of gold are more common finds in the region, says Prof Sam Spearing, director of the Western Australia School of Mines at Curtin University.

“Along with the mines around, a lot of people go around as prospectors on the weekend, as a hobby. Other people do it on a full-time basis,” Prof Spearing said.

“Most of the gold found is in the less than half an ounce category, but they do find them fairly frequently.”

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