India, Oct. 27 -- An amateur prospector in the Australian outback has made the find of a lifetime after digging up a massive gold nugget valued at over $150,000.

He was digging at the remote Mount Stuart station near Tibooburra in far northwestern New South Wales for several days. After going through his fair share of false starts, the man, who prefers not to be named, found the gold buried in red dirt.

"You dig lots of rubbish . lots of lead bullets, old timer's nails, horseshoes, everything," he told ABC News.

He continued, "It wasn't a loud signal for the size of the piece that it is [but] once I got down to 100 [millimetres] or something like that, the machine was squealing," adding, "It might have been on the first or second scrap...