Lady Elizabeth is still intact and partially beached in Whalebone Cove. The ship has been reported to rock back and forth during high tides from the pounding waves. Many of the ship's accessories are still attached to
Lady Elizabeth including the main crank for the anchor, the davits that would hold the two lifeboats, part of the
crow's nest, part of the spiral staircase, and most of her wooden decking. However, most of the ship is suffering severe
rust and the
keel has started to rust away leaving large holes. During high tide, the bottom of the ship is flooded. There are still sections of paint on the inside of the ship. Some of the iron rivets have rusted away causing the starboard bulkhead to spring out. In June 1984, the owner assessed the damage to
Lady Elizabeth. Using original reports from the assessment made on the damage in 1913, they found the foot-long hole in the keel and reported that this was indeed the reason the ship would not stay afloat. However, if
Lady Elizabeth was towed for repairs in drydock, she could sail again. Unfortunately, there is no dry dock in Port Stanley. Since coming to rest in Whalebone Cove, the poop deck quarters have been removed from all wood and vandalized. The rudder of the ship is still intact but showing severe corrosion and is turned to port with the steering gears still intact but also corroded. The ship's wheel is missing. The original anchor has not been located; however, it is believed to be buried where
Lady Elizabeth was used as a coal hulk. Plans were made by the Crown
Receiver of Wrecks to salvage
Lady Elizabeth and convert her into a floating museum. Due to a lack of funding, however, the project was never completed. In the winter of 2008, the ship's
bowsprit broke during a storm. The Falkland Islands Museum & National Trust has discussed removing the bowsprit. ==See also==