Two adolescent friends, left to their own devices after a shipwreck and the departure of an older companion, journey into the Australian gold fields to try their luck. Their adventure includes betrayals, a trial with tragic outcome, getting lost in the bush, and encounters with dangerous characters. They arrive at a mining district and discover a valuable nugget, which attracts thieves and attempts to seize their claim, leading to captivity, tense negotiations, and an eventual sale. After a sorrowful family episode, the youths return home and secure steady positions, concluding their risky pursuit with improved prospects.