The main attraction in Stanley is The Nut State Reserve. The formation was originally named Circular Head by Bass and Flinders in 1798.

The Nut is a spectacular outcrop of rock that is 150 metres high, and an isthmus just over 6 kilometres in length joins it to the mainland. The formation is actually a 10 million year old lava plug - evidence of the volcanoes that were in the northern area of Tasmania at that time.

A walking track to the summit commences from the Post Office, and the return trip takes about 45 minutes. There is also a chair lift that operates to the top, taking about 5 minutes for the return journey.

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