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An amateur gold prospector in New South Wales, Australia, discovered a large gold nugget just ten centimetres below the surface of the ground near Mount Stuart, close to the town of Tibooburra. The find, made in mid‑October 2026, has attracted attention because of its size and the potential value of the metal. The nugget weighs 1 218 grams, of which about 940 grams are pure gold. According to market estimates, the value of the gold is between US$150 000 and US$160 000. With the exchange rate on 27 October 2026 at roughly 49.8 Turkish lira per US dollar, the nugget is worth between 7 470 000 and 7 968 000 Turkish lira. The prospector, who has requested to remain anonymous, had been using a metal detector in the area for several years. He reported that a weak signal from the detector prompted him to dig. When the depth reached about ten centimetres, the detector’s response intensified, leading him to uncover the bright yellow nugget. He has named the find “Tibooburra Spud” after the nearby region. The prospector plans to sell the nugget to a collector. Experts say that, in addition to its gold content, the nugget’s size and rarity could increase its price. Estimates suggest that a collector might pay up to US$200 000, which would translate to roughly 9 960 000 Turkish lira at current rates. If sold at that price, the prospector could earn close to 10 million Turkish lira from the single find. Greg Spangler, a local dealer who has sold gold‑searching equipment for more than 20 years, said that discoveries of this magnitude are extremely uncommon. “I have only met one other person in the area who has found a piece of gold heavier than a kilogram,” Spangler told reporters. “Most finds are small or only a few ounces.” The Tibooburra area has been a site of gold prospecting since the late 1880s. While some parts of the region allow free metal‑detecting, others require permits or are restricted. The prospector, who has previously found items such as old bullets, nails, and horse bits, said that patience and careful attention to detector signals are essential for success. The discovery has been hailed as the biggest reward of the prospector’s long‑standing hobby, and it underscores the continued interest in gold prospecting in the remote parts of New South Wales. Article and image source: Haberler
An amateur gold prospector in New South Wales, Australia, discovered a large gold nugget just ten centimetres below the surface of the ground near Mount Stuart, close to the town of Tibooburra. The find, made in mid‑October 2026, has attracted attention because of its size and the potential value of the metal. The nugget weighs 1 218 grams, of which about 940 grams are pure gold. According to market estimates, the value of the gold is between US$150 000 and US$160 000. With the exchange rate on 27 October 2026 at roughly 49.8 Turkish lira per US dollar, the nugget is worth between 7 470 000 and 7 968 000 Turkish lira. The prospector, who has requested to remain anonymous, had been using a metal detector in the area for several years. He reported that a weak signal from the detector prompted him to dig. When the depth reached about ten centimetres, the detector’s response intensified, leading him to uncover the bright yellow nugget. He has named the find “Tibooburra Spud” after the nearby region. The prospector plans to sell the nugget to a collector. Experts say that, in addition to its gold content, the nugget’s size and rarity could increase its price. Estimates suggest that a collector might pay up to US$200 000, which would translate to roughly 9 960 000 Turkish lira at current rates. If sold at that price, the prospector could earn close to 10 million Turkish lira from the single find. Greg Spangler, a local dealer who has sold gold‑searching equipment for more than 20 years, said that discoveries of this magnitude are extremely uncommon. “I have only met one other person in the area who has found a piece of gold heavier than a kilogram,” Spangler told reporters. “Most finds are small or only a few ounces.” The Tibooburra area has been a site of gold prospecting since the late 1880s. While some parts of the region allow free metal‑detecting, others require permits or are restricted. The prospector, who has previously found items such as old bullets, nails, and horse bits, said that patience and careful attention to detector signals are essential for success. The discovery has been hailed as the biggest reward of the prospector’s long‑standing hobby, and it underscores the continued interest in gold prospecting in the remote parts of New South Wales.
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