Amateur prospector finds $150,000 gold nugget in outback | Gold nugget worth up to $160,000 found…

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Amateur prospector finds $150,000 gold nugget in outback

While the nugget weighs 1,218 grams, testing shows it contains about 940 grams of gold.  (ABC Broken Hill: Kristina Rosengren)

A Broken Hill prospector has unearthed a gold nugget weighing more than a kilogram in outback NSW.

The nugget, nicknamed the "Tibooburra Spud" by the lucky prospector, is said to be worth about $150,000.

A business owner selling prospecting supplies says more people are becoming interested in the hobby.

Sounds of excitement fill the air as an amateur prospector digs his hands into red, rocky dirt.

What he comes up with is something he hopes isn't "a painted rock", but instead a gold nugget worth about $150,000.

Gold nugget worth up to $160,000 found in Australia — ABC News Australia

In Australia, an amateur prospector found a gold nugget at Mount Stuart Station near Tibooburra in New South Wales, valued at $150,000–160,000 at the spot price of gold. ABC News reported the discovery.

The prospector, who wished to remain anonymous, had been searching for gold in the area for several days. In mid-October, he was already preparing to end his search when a Gold Monster 2000 metal detector gave a weak signal. According to the man, after digging about 100 millimetres down, the device began giving a loud signal, and he saw a yellow speck in the centre of the hole.

The nugget, containing quartz inclusions, weighs more than 1.2 kilograms. Tests showed that about 940 grams of its mass is pure gold. The prospector named the find “Tibooburra Spud” and plans to sell it to a collector. In his view, its price could then rise to $200,000.

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