Australian Finds $100,000 Gold Nugget Using Metal Detector

Don’t rush out and pick up a metal detector right away. The odds of finding a nugget the size of the one found by an Australian man are pretty rare. Still, it would be nice to find a gold nugget valued at AUD$100,000 with just a metal detector.

That’s what happened for a man in Australia’s Kalgoorlie region. “He walked into my shop and showed me the nugget in his hand with a big smile on his face,” shop owner Matt Cook told the BBC. Cook reportedly owns the shop where the lucky man brought the nugget.

“It was just a bit bigger than a packet of smokes, and the density of it was incredible, so heavy.” The nugget weighs 1.4 kilograms.

According to experts, finds like this happen a couple of times a year, but usually in smaller traces. Professor Matt Spearing, director of the Western Australia School of Mines at Curtin University explains, “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. Most of the gold found is in the less than half an ounce category, but they do find them fairly frequently.”

Sounds like a pretty good hobby—if you’re lucky.