Last week saw the arrival of the 2016 Melbourne Cup to the Cowal Gold Operation near West Wyalong, where the gold used to make the cup is produced.
Minister for Industry, Resources and Energy Anthony Roberts acknowledged its arrival at Cowal and West Wyalong, part of an Australia and New Zealand tour arranged by the Victoria Racing Club.
“Today’s event has special significance because, for the first time in the Melbourne Cup’s 150-year history, the trophy itself uses gold that has been mined, refined and crafted wholly in Australia, and NSW in particular,” Mr Roberts said.
“The gold originated from Evolution Mining’s Cowal Gold Operation and was refined at ABC Bullion’s refinery in the inner Sydney suburb of Marrickville, giving a strong NSW link to this premier horse racing event.”
The trophy, valued at $175,000, is made from 18-carat gold, weighs 1.65 kilograms and contains 44 pieces that are hand spun over a 250-hour production process.