Archive · 30 Dec 2025
Australia Gold Rush Attracts New Generation of Prospectors
In Australia, many people are excitedly searching for gold.
They use special tools called metal detectors to find gold nuggets in the ground.
This is happening because gold prices are very high right now, and people think they might find something valuable.
Some people, like Vicki Plumridge, are very happy when they find even small pieces of gold.
Others, like Damian Duke, go with their families and enjoy spending time outside.
The area where they are looking is called the 'golden triangle' and has a history of big gold finds.
People need a special permit to search for gold, and many are getting these permits.
It's not just about finding gold; many people enjoy the experience and the time spent in nature.
Hobbyists are flocking to Australia's 'golden triangle' in Victoria state, driven by record gold prices and the success of TV shows like Aussie Gold Hunters.
Vicki Plumridge, a retired worker, found a small gold nugget worth about A$40 using a new metal detector, the Minelab Gold Monster 2000, which sold out quickly.
Demand for miner’s right permits in Victoria has hit all-time highs, with nearly 16,000 permits issued by November 2023, up from nearly 11,000 the previous year.
Gold prices have surged to record highs, with Goldman Sachs predicting they will reach $4,900 by the end of 2026.
Prospectors enjoy the psychological benefits of the hunt, including spending time in nature and connecting with others, in addition to the potential for finding valuable gold.
- Who
- Vicki Plumridge, Damian Duke, Kelly Smith, and other hobbyists
- What
- A new gold rush in Australia's historic goldfields
- When
- Ongoing, with increased activity in 2023
- Where
- Victoria state's 'golden triangle'
- Why
- Record gold prices, social media, TV shows, and a love for the outdoors
- Gold Monster 2000 Price
- A$2,999
- Miner’s Right Permit Cost
- A$28.60
- Permit Duration
- 10 years
- Active Permits in Victoria
- 100,000+
- Gold Price Record
- Above $4,500 per troy ounce
- Expected Gold Price by 2026
- $4,900 per troy ounce
- Welcome Stranger Nugget Weight
- 72 kg
- Hand of Faith Nugget Weight
- 27.2 kg