The Welcome Stranger Gold Mining Precinct is good characteristic example of surface mining for alluvial gold. The site consists of the sites of puddling machines, houses and campsites at the head of black gully near Moliagul. The precinct displays evidence which is typical of the prevailing early gold mining technology of the box-ironbark forests of central and western Victoria from the 1850s. It contains a monument erected in 1897 at the place where the Welcome Stranger nugget was found in 1869. The nugget was the largest ever recorded and contained nearly 96 kilograms of gold.
The Welcome Stranger Gold Mining Precinct is of historical, archaeological and scientific importance to the State of Victoria.
The Welcome Stranger Gold Mining Precinct is historically and scientifically important as a particularly fine and essentially intact example of a site associated with the earliest forms of gold mining which, from 1851, played a pivotal role in the development of Victoria. The site is particularly important for its associations with the Welcome Stranger nugget, the largest ever found.
The Welcome Stranger Gold Mining Precinct is archaeologically important for its potential to yield artefacts which will be able to provide significant information about the cultural history of gold mining and the gold seekers themselves.