The Otago Goldfields Heritage Trust will hold a meeting on Monday to inform the public of renovation options at Stewart Town, which is situated on a popular walk in the Bannockburn Sluicings.
It contains a stone building and the Menzies Dam, which was built in the 1960s.
The trust, in conjunction with the Department of Conservation, commissioned a conservation plan for the area.
Trust president Martin Anderson said the draft report, which was finished recently, was about one year in the making.
"It contains quite a few options from minimal to quite substantial, so we thought we should consult the public about what was going on and see what their views were," he said.
"There has been quite a rate of degradation for a number of reasons."
The trust would engage with several funding groups as it would likely be a "significant project".
"It’s quite an iconic site; everybody knows about it and visits it."
The area is named after David Stewart, who built the Long Gully water race with John Menzies in the 1860s.The area was mined from 1862 to the 1930s.
● The meeting will be held at 7.30pm on Monday in the Cromwell Museum.
