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Largest Gold Nugget Ever Found Weighed The Same As An Adult Man

Those in the gold industry develop a thick skin from all the bullion.

ELEANOR HIGGS
Creative Services Assistant.
Replica welcome stranger gold nugget on a black background
A replica of the "Welcome Stranger" gold nugget that tipped the scales at 72 kilograms. Image Credit: Museums Victoria CC BY 4.0

Those with dreams of getting rich quick might be willing to try anything from necropants to Bitcoin but unlike the uncertain world of Internet investments, gold famously holds its value. Unfortunately just because you find the biggest nugget in history does not mean you will be set for life. Even today if you pan for gold you might not get to keep your treasure.

The world’s largest gold nugget was found on February 5, 1869, in Victoria, Australia. Two Cornish miners called John Deason and Richard Oats discovered the nugget while prospecting. The nugget was dubbed the "Welcome Stranger", weighed 72 kilograms (158.7 lbs), and was 61 centimeters (24 inches) long.
The two men took the nugget to the town of Dunolly to be weighed at the London Chartered Bank. Unfortunately, the nugget was so large it did not fit on the scale, instead, it was broken up before it could be photographed. Replicas were made from drawings done at the time. The two men received just under £10,000, while the nugget was broken down and melted into gold bullion. BBC News suggests a similar nugget if found today would be worth around £2 million.

In other giant nugget news the Pepita Canaa takes the top spot for being the largest golden nugget still in existence, this chunky survivor weighs in at 60 kilograms (134 pounds). It was discovered by Julio de Deus Filho in Brazil in 1983. The nugget is currently on display in the “Gold Room '' of the Museu de Valores do Banco Central in Brasília.

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The rise of different technology has a role to play in some big ol’ gold discoveries and never more so than with the “Hand of Faith”. Found in 1980 by Kevin Hillier this whopper of a nugget takes the title of being the largest chunk of gold ever found using a metal detector. Despite also being found Down Under, this extraordinary nugget is now on display at a casino in Las Vegas after being sold for over $1 million. It is said to contain 875 troy ounces of gold.
Troy ounces were used in gold weighing before the introduction of the metric system and are still used today to weigh precious metals and gems by those in the business. One troy ounce is equal to 31.1 grams. This is different from the more usual avoirdupois system where 1 ounce usually equals 28.5 grams. Prices for gold sold today may be given in prices per ounce but they are usually referring to troy ounces.

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Zimbabwe's ban on lithium ore exports will not affect large mines, top officials say

Large companies investing in lithium mining in Zimbabwe are unbothered by a recent ban on raw exports of the mineral, saying they plan to produce concentrate, which they can freely export.

On December 20, 2022, the government announced that lithium-bearing ores could only be exported on the basis of a written permission from the minister of mines. It gave three exceptions, including rocks meant for assay abroad or lithium ore whose market value would have been determined on the basis of reference to a reputable metals exchange.

Persons found violating the law face a fine of twice the value of the mineral they had sought to export illegally (smuggle), imprisonment for up to two years or both.

“The exportation of concentrates is not banned,” newZWire, a local publication cited Pfungwa Kunaka, permanent secretary for the ministry of mines as saying on Monday (January 2). “We are encouraging and promoting value addition and beneficiation.”

The ban, newZWire reports, does not apply to the export of lithium concentrates, which all the major lithium miners in the country already plan to produce. “It only applies to the export of lithium ore, the rocks that carry the mineral. The government does not consider concentrates as raw or unprocessed lithium,” it added.

Reports say the southern African country has the continent’s largest proven lithium reserves and the sixth biggest ones globally.

According to Supply Management, a British title, Zimbabwe produced 1,200 tonnes of lithium in 2021, behind Brazil (1,900 tonnes), Argentina (6,200 tonnes), China (14,000 tonnes), Chile (26,000 tonnes) and Australia (55,000 tonnes).

Chinese companies such as Sinomine Resource Group, Zhenjiang Huayou Cobalt and Chengxin Lithium Group as well as London-listed Premier African Minerals (Premier) are building mines and processing plants in the country.

Premier chief executive officer, George Roach, told newZWire: “As I understand this, the banned commodity is un-beneficiated ore. We do not plan to export ore. We plan to mine ore and then extract spodumene from the ore and export the spodumene. I do not believe this affects us at this time.”

The ban came a few weeks after alluvial miners had descended on a former emerald mine in central Zimbabwe where they had been extracting and selling lithium rock to intermediaries who were exporting it to neighbouring South Africa.

newZWire also cited a general manager of another major lithium company saying: “We have no problem with that law. In fact, it protects formal operations where it stops illegal miners from potentially damaging assets to sell ore. Our operation is currently building processing capacity and will have no problem complying with Zimbabwean laws.”

Supply Management had expressed fear on Tuesday (January 3) that a ban was going to cause an increase in the global lithium price.

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