Mount Morgan Mine was a copper, gold and silver mine in Queensland, Australia. Mining began at Mount Morgan in 1882 and continued until 1981. Over its lifespan, the mine yielded approximately of gold, of silver and of copper. The mine was once the largest gold mine in the world. The Mount Morgan Mine also operated assay laboratories, brickworks, foundry, power house and workshops (including carpentry, electrical and plumbing) as part of its operations. The Mount Morgan Mine also contained Fireclay Caverns excavated to provide clay for the mine brickworks. Wealth from the Mount Morgan mine funded Persian oil exploration, establishing the Anglo-Persian Oil Company, which became BP in 1954. Wealth from the Mount Morgan mine was also bequeathed in 1912 to establish the Walter and Eliza Hall Institute of Medical Research. Resources The area near the mine contains sedimentary and igneous rocks. The gold was rated 0.998 fine. History The Beginning (1882 to 1886) In 1882, a syndicate was created to open a gold mine at Ironstone Mountain, south of Rockhampton, Queensland. The syndicate comprised William Knox Darcy (later influential in establishing the Anglo Persian Oil Company), Walter Russell Hall (later influential in establishing the Walter and Eliza Hall Institute of Medical Research), Thomas Skarratt Hall, and Thomas, Frederick and Edwin Morgan. Ironstone Mountain was later renamed Mount Morgan after the Morgan members of the syndicate. Mount Morgan Gold Mining Company Limited (1886–1928) In October 1886, the syndicate became the Mount Morgan Gold Mining Company Limited, with James Wesley Hall, the younger brother of Walter Russell and Thomas Skarratt Hall, as the first general manager. The Mount Morgan Gold Mining Company Limited operated using underground mining methods until 1927 when fire destroyed underground workings. The company deliberately flooded its underground workings in response to the fire and went into liquidation. By 1907 the mine had produced $60,000,000 worth of gold, making it one of the most productive in the world. Mount Morgan Limited (1928–1990) The Mount Morgan Mine was reestablished using open-cut mining methods in 1928, operating as Mount Morgan Limited. Conversion to open-cut operation included substantial modernization of Mount Morgan’s mining infrastructure and mining techniques. Mount Morgan Limited became a subsidiary of Peko-Wallsend in 1968 and continued operations until 1974, when Mount Morgan Limited began to reach the end of its ore body. Mount Morgan Limited progressively scaled back its workforce and operations until it reached the end of