The original name of the place Maipgunga comes from the Aborigines and was changed in the course of time to Myponga, which means "high cliffs". The site is in a grassland that used to be covered with trees that were felled for the mines in the Broken Hill area . Today is a pastureland.
This area was also previously searched for ores and the rare mineral uranospinite was found on Wild Dog Hill in the 1950s . The uranium mineralization took place in the gneiss of the Barossa complex in the Proterozoic . The mining, which took place about 5 km southwest of Myponga, produced 346 t of uranium oxide with a content of 0.36% U 3 0 8 in the years 1954 to 1955 , which was produced in a plant in Port Pirie . Today there is no more uranium mining in Myponga.
There is a cheese dairy in the village, whose products are exported because of their high quality.