Castlemaine already has one of the most notable Burke and Wills monuments. On 20 August 2010, the anniversary of the departure of the Expedition from Melbourne, the Castlemaine Pioneers and Old Residents Association unveiled a new plaque mounted on the north side of the monument.

By 11am a large crowd had assembled near the monument, braving chilly winds. Graeme Berry, President of the Castlemaine Pioneers and Old Residents Association was the master of ceremonies. He spoke about the history of the Expedition and of the monument and introduced other speakers: Councillor Janet Cropley, Mayor-elect of Mt Alexander Shire, Dr Peter Thorne from the Royal Society of Victoria, and one of the descendants of the original stonemason who, with his sister, had the task of removing a large Australian flag to unveil the new plaque.

The new plaque is as impressive as is the original monument. The Pioneers and Old Residents Association's newsletter had this to say about it:

"Lying on my workship floor is a beautifully-made cast iron map of Australia measuring 1m across. It is 50mm thick and weighs about 650kg, about three quarters of a ton. Mr Peter Allen was the pattern maker and Billmans foundry cast it. These two master craftsmen have done us proud."

The map shows the route of the Burke and Wills Expedition across Australia from south to north. The plaque is mounted on a suitably large stone to carry all that weight. The stone is dressed on the sides, but rough on top, so that the iron map is set in a granite sea. In his speech Dr Thorne referred to the new plaque laid a few days earlier in Royal Park in Melbourne, and finished, "Call that a plaque... THIS is a plaque!"

At the end of the ceremony, the winners of the Schools Essay Competition organised by the Castlemaine Pioneers and Old Residents Association were announced.