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Gold Nugget Worth $100,000 Found In Shock Discovery

One lucky person has struck gold.

The person, who wants to remain anonymous after their big find, found the 1.4kilogram chunk of gold in Kalgoorlie, Western Australia.

The prospector was walking around salt bush flats with a metal detector when it started buzzing. After some digging, the huge piece of precious metal was discovered.

Gold Nugget Found In Kalgoorlie
The nugget is worth $100,000. Photo: Facebook/Finders Keepers Gold Prospecting.

The lucky person then took the nugget to Finders Keepers Gold Prospecting and owner Matt Cook told The West Australian that he was very excited by the size of it.

“It’s good to see people out there and finding nuggets like this,” Cook said.

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

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Nugget Found In Kalgoorlie
The gold nugget weighs 1.4 kilograms. Photo: Facebook/Finders Keepers Gold Prospecting.

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.

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Gold Nugget Found In Kalgoorlie
The discovery of such a large nugget is rare. Photo: Facebook/Finders Keepers Gold Prospecting.

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.

The ABC reports the Golden Mile has produced more than 60 million ounces of gold to date and it appears this number is only set to rise.

Eureka indeed!

Contact Siobhan at skenna@networkten.com.au