The Powder Magazine was built in 1859 and used to store large quantities of gun powder, which was used to blast open gold bearing alluvial and quartz deposits. The magazine was closed in 1918. It is a very unusual fort like building, and well worth a visit. The Cascades, formerly Reid's Creek Falls, are here. There is a series of steep falls allowing the creek to drop to the valley below. Please keep to the track as there are many deep mine shafts on each side of the track. There were nearly 8,000 miners here at the height of the rush, as this goldfield was one of the richest in Victoria.