The North British Gold Mine has the most comprehensive range of quartz mining foundations in the State. The stone, brick and concrete foundations cover pumping, winding and crushing operations, as well as the roasting of quartz ore and the cyaniding of tailings. These foundations are the remnants of quartz mining carried on at the site from 1871 to 1928. During this time, this mine produced over 242,000 ounces of gold, making the mine's owner,
Robert Dent Oswald, one of the wealthiest men in Victoria, and one of the State's renowned nineteenth century 'quartz kings'.
The North British Gold Mine is of historical, archaeological and scientific importance to the State of Victoria.
The North British Gold Mine is historically and scientifically important as a characteristic example of an important form of gold mining. Gold mining sites are of crucial importance for the pivotal role they have played since 1851 in the development of Victoria. As well as being a significant producer of Victoria's nineteenth century wealth, quartz mining, with its intensive use of machinery, played an important role in the development of Victorian manufacturing industry. The North British Gold Mine is important for its manifestation of this facet of gold mining.
The North British Gold Mine is archaeologically important for its potential to yield artefacts and evidence which will be able to provide significant information about the technological history of gold mining.