Hello Megaloden
The shipwreck could be on the sandal wood traders that went missing in the late 1830's to the late 1840's. There was an extensive trade between Sydney the islands of New Caledonia, Solomons and china. Trade goods went to New Caledonia where the natives gathered sandal wood for the traders who sold their cargo of sandal wood in china. Bring back items from China.
There is the remains of an old trading station on the isle of pines where Captain Townsend a wealthy shipping magnate traded for sandal wood.
The shipwreck you found may of been a Chinese junk I known there was one lost there around 1853. It may of been carrying cannon of European manufacture. Junk was collected from China to be used as a pilot boat for Hobsons bay Melbourne during the gold rush.
Hardluck
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