A local council has received a $100,000 insurance payout following the theft of a unique and valuable trophy last year. The trophy, depicting a 24-carat gold merino sheep and a silver and platinum weaving loom, was stolen and the incident was recorded by CCTV. Details surrounding the theft and any potential suspects have not been publicly released. The council had previously reported the loss and filed a claim with its insurer. The settlement fully covers the assessed value of the artwork. Authorities continue to investigate the theft, hoping to recover the distinctive piece. The trophy held significant cultural and symbolic importance for the region’s wool industry.