Tasmanian premier Jeremy Rockliff says the collapse and extraordinary rescue that brought Todd Russell and Brant Webb back to the surface is etched in the nation's collective memory.
"I think just about every Australian over 30 knows exactly where they were for this moment," Mr Rockliff said on social media.
On Anzac Day 2006, a rockfall deep inside the gold mine claimed the life of Larry Knight and trapped miners Todd Russell and Brant Webb almost a kilometre underground - a small steel cage became a makeshift sanctuary.
Initially believed dead, the pair's faint cries for help were finally heard by searching workmates days after the collapse.
It sparked a painstaking rescue mission in Tasmania's northeast that unfolded in front of the world's media.
As emergency crews inched through unforgiving rock, finding solution after solution to one engineering challenge after another, Mr Russell and Mr Webb's cheeky Aussie humour turned them into household names.
Mr Rockliff said the tragedy and miracle rescue revealed something special about the Australian spirit.
"The extraordinary perseverance of Brant Webb and Todd Russell," Mr Rockliff said.
"Who took a seemingly impossible situation and dealt with it as Australians do best: with humour.
"At one point, while trapped nearly 1km underground, Todd asked rescuers for a copy of the newspaper so he could start looking for a new job, joking he'd be losing his current one 'for lazing about'."
Behind the scenes, the premier said, was a rescue team facing relentless technical and geological obstacles as they inched their way through unforgiving rock toward the two men.
"The rescue team ran into an incredible number of challenges and never took a backwards step," he posted.
"They found solution after solution, inching further towards the two trapped miners with each passing hour. And saved their two mates."
In the early hours of May 9, 2006, Mr Webb and Mr Russell were brought to the surface one by one and before the pair famously "clocked off" their shift.
"They ascended the mine shaft, battered and bruised to clock out of their shift, marking themselves safe at 5.58am - just extraordinary," Mr Rockliff said.
On the surface, during the tense rescue operation, then-national secretary of the Australian Workers Union, Bill Shorten, became the champion of workers' safety rights.
"People saw during that mine rescue glimpses of an Australia which doesn't always appear on the nightly news," Mr Shorten said at a ceremony to mark the 10-year anniversary.
"These are towns and families who work hard for their money; they don't have a lot of money in this community but what they do have is community spirit."
The Beaconsfield mine closed in 2012 before being acquired by Arete Capital Partners, which plans to return it to production.
"We believe there is still a significant amount of commercially extractable gold in and around the Beaconsfield Gold Mine," the company states on its website.
"The refurbishment of the processing plant and the re-accessing of the underground workings with a new decline, along with a higher gold price, will allow a resumption of mining at Beaconsfield."
The company expects to return to gold production by the end of 2026.
