Broome legend has it that Buccaneer explorer, William Dampier, came to the present town anchorage and landed a treasure chest of pirated pieces that he buried at Buccaneer Rock. His ghost is said to be seen there on a misty night with a lantern looking for his lost treasure.
The rock is located in Roebuck Bay opposite the Mangrove Hotel. A navigation beacon has been built on the rock.
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