Mount William lies within one of six Cambrian greenstone belts in Victoria where several other greenstone quarries have also been found including Mount Camel, Howqua River, Cosgrove, Jallukar, Berrambool and Baronga on the Hopkins River; and Ceres and Dog Rocks near Geelong. However, none of the axes at Mount William have been ground and polished into finished hatchet heads. The nearest axe grinding grooves can be found at Mount Macedon, about 29 kilometres away, where analysis of stone fragments showed they were the same diabase stone as the Mount William greenstone.