This paper exposes the unique set of attributes explaining why precious opal has formed in such abundance in central Australia, and almost nowhere else on Earth. The Early Cretaceous history of the Great Artesian Basin is that of a high-latitude flexural foreland basin associated with a Cordillera Orogen built along the Pacific margin of Gondwana. The basin, flooded by the Eromanga Sea, acted as a sink for volcaniclastic sediments eroded from the Cordillera's volcanic arc. The Eromanga Sea was shallow, cold, poorly connected to the open ocean, muddy and stagnant, which explains the absence of significant carbonates. Iron-rich and organic matter-rich sediments contributed to the development of an anoxic sub-seafloor in which anaerobic, pyrite-producing bacteria thrived. Rich in pyrite, ferrous iron, feldspar, volcanic fragments and volcanic ash, Lower Cretaceous lithologies have an exceptionally large acidification potential and pH neutralisation capacity. This makes Lower Cretaceous lithologies particularly reactive to oxidative weathering. From 97 to 60 Ma, Australia remained at high latitude, and a protracted period of uplift, erosion, denudation and crustal cooling unfolded. It is possibly during this period that the bulk of precious opal was formed via acidic oxidative weathering. When uplift stopped at ca 60 Ma, the opalised redox front was preserved by the widespread deposition of a veneer of Cenozoic sediments. On Earth, regional acidic weathering is rare. Interestingly, acidic oxidative weathering has been documented at the surface of Mars, which shares an intriguing set of attributes with the Great Artesian Basin including: (i) volcaniclastic lithologies; (ii) absence of significant carbonate; (iii) similar secondary assemblages including opaline silica; (iv) similar acidic oxidative weathering driven by very similar surface drying out; and, not surprisingly, (v) the same colour. This suggests that the Australian red centre could well be the best regional terrestrial analogue for the surface of the red planet.