She was nearing the end of her voyage, close inshore off Cape Otway at Curdies Inlet (now called Schomberg Reef), east of Peterborough and 150 miles westward of Melbourne. When the wind suddenly dropped the ship drifted onto an uncharted reef and became stuck fast. There was no loss of life ans all the passengers, crew and mails were taken off by a passing coastal steamer, the Queen, out of Port Fairy the following morning.
The passengers' luggage and some of the cargo was rescued, but the weather worsened and work was abandoned and cargo littered the beach. The wreck was sold for salvage to local merchants: two were drowned in attempts to reach her. It became a popular wreck site for diving and over 100 relics have been handed in. The bell of the ship is in the Warrnambool Museum, southern Victoria. Relics at Flagstaff Hill Maritime Museum include a cannon, a communion set, a brass candlestick, and a diamond ring.
A diamond shaped brass belt decoration