The town of Balaklava is located in South Australia, 92 kilometres north of Adelaide in the Mid North region. It is on the south bank of the Wakef…The town of Balaklava is located in South Australia, 92 kilometres north of Adelaide in the Mid North region. It is on the south bank of the Wakefield River, 25 kilometres east of Port Wakefield. Since prehistoric times the Balaklava district has been near the boundaries of the Kaurna and Peramangk peoples. The first Europeans to traverse the district were John Hill and Thomas Burr on 29 April 1840. They discovered Diamond Lake and encamped near Owen. The first European settlers in the area were James and Mary Dunn who in 1850 opened a hotel to service bullock teamsters carting copper ore upon the Gulf Road between the Burra mine and the export port of Port Wakefield.