A small mining community west of Bundaberg is celebrating after discovering they produced the gold that will be used to manufacture the coveted Melbourne Cup trophy.

The gold mined from Mt Rawdon, in Queensland’s North Burnett region, will be refined and hand-beaten by jewellers in Sydney in preparation for the 2019 Melbourne Cup.

A spokesperson for ABC Bullion, the company manufacturing the the cup, said they believe this is the first time the cup will be made exclusively from Queensland Gold