The Tynong quarry is significant to Victoria as the source of the granite used in the construction of the nationally known Shrine of Remembrance in the 1920s-30s and is locally important as a major stage in development of the stone-getting industry in the district. The quarry is early among the still recognisable quarries in the area and has great potential for further interpretation historically, given the physical integrity of the stone handling equipment, oral and extensive documentary evidence. The quarry also serves as a reminder of the local returned soldiers who worked there during the construction of the Shrine.
This granite quarry is set on a hillside in gum forest and in private property accessible via stone gate posts at the end of Quarry Road. Now filled with water the quarry provides a picturesque scene, with cut and uncut stone faces reflected in the water.
Nearby are reinforced concrete structures, one appearing to be a gantry and machine housing to haul stone from the quarry and another a rectangular water storage tank. Parts of iron machinery, a tramway and riveted water tanks lie around the area and what appears to be a fire refuge dug-out (built of granite blocks) is off the entry track.