Why did edward hardgraves name the place he discovered named ophir?

Edward Hargraves named the place he discovered as Ophir after the biblical location known for its wealth, particularly in gold and precious materials. He aimed to evoke the idea of immense riches and prosperity associated with Ophir, as he sought to attract more prospectors to the goldfields in Australia. By choosing this name, Hargraves intended to highlight the potential for gold discovery and the economic opportunities available in the region.