In the adjacent region to the locality, there are considerable non-auriferous mineral deposits.[5] Adjacent fields included the Horseshoe field.[6]
Early exploration at the site occurred in the 1890s,[7][8] when gold was discovered by William John Wilson in 1892.[9] The townsite was gazetted in 1897,[9] and the field has had varied fortunes even in early years.[10][11] Before 1913, the mine produced some 270,000 ounces (7.7 metric tons) of gold.[4] Peak Hill was also included as a location in a regional newspaper network of more outlying mining communities in the 1920s and 1930s.[12]
The population of the town was 190 (180 males and 10 females) in 1898.[13]
Alfred Walker, the proprietor of the Peak Hill General Store until 1954, was the last full-time resident of Peak Hill. He retired to his daughter's farm at Peppermint Grove, south of Capel.
In the 1970s, it was reduced to a ghost town with a few remaining residents, however in the 1980s activity resumed,[14][15] producing around 650,000 ounces (18.4 metric tons) of gold.[4] The mine became dormant again in the 2000s.
^Clarke, E. de C.(1913) Geological report on Mikhaburra (Holden's Find), Peak Hill goldfield. Bulletin (Geological Survey of Western Australia), No. 59, 1914, Report 37
^Heydon, P. R. (1991) Gold at Peak Hill Carlisle, W.A : Hesperian Press, ISBN0-85905-153-6
^ abcWragg, Ralph (1 August 2007). "Montezuma to buy Peak Hill gold mine". Australian Business News.
^Montgomery, A. (1920) Report on the manganese deposits at Horseshoe Range, Peak Hill Goldfield Perth, W.A. Dept. of Mines, 1920 (Perth [W.A.]: Fred. Wm. Simpson, Government Printer
^Stewart, Duke (1897) The Peak Hill Goldfield.
Stewart (cycling through the district compiling a goldfields directory) reports on gold specimens from the Horseshoe and Peak Hill districts. West Australian, 23 November 1897, p.6
^(1970) The biography of William John Wilson : discoverer of the Peak Hill Goldfields, Western Australia; and, Early history of Peak Hill / compiled by ... Freda and ... Arnold Armstrong and ... Laurence Wilson.Battye Library typescript
^Reed, Frank. (1897) The Peak Hill Goldfields.
West Australian, 17 April 1897, p.10
^Peak Hill. Article in a series titled: Is the Murchison a failure? Murchison times and Day Dawn gazette, 18 Feb. 1899, p.2f-g
^Armstrong, Freda. (1940s) Early Murchison days : the discovery of Peak Hill : some rich returnsBattye Library document - PR5868 originally in Geraldton Guardian.
^ The manganese record, Peak Hill, Nullagine and Marble Bar Gazette. Meekatharra [W.A.] : Telegraph Printing and Publishing Company Ltd., 1928-1941. 22 Sept. 1928-11 July 1941. it was preceded by The Murchison Times and Day Dawn Gazette. Cue [W.A.] : Murchison Times and Day Dawn Gazette, 1894-1925. Distribution area: Cue; Day Dawn; Murchison; Peak Hill Goldfields.