Mount Morgan — Chambers's Encyclopaedia

Mount Morgan, a gold-mining township in Queensland, 23 miles SSW. of Rockhampton. The gold-mine at the summit of the mount, said to be the richest deposit in Australia, was originally sold for £640 to a copartnery, including the brothers Morgan, and after changing hands several times became a limited liability company, with a capital of £1,000,000. The gold is described as of unusual fineness and purity. An estimate made in 1887 was to the effect that there were 1,000,000 tons of ore available, from which gold to the value of £20,000,000 was expected. The yield in 1891 was 143,795 ounces (see QUEENSLAND). Pop. 3514.