The property is located 216 kilometres (134 mi) north of Marree and 225 kilometres (140 mi) south west of Birdsville. The Diamantina River merges with the Mulligan River on Cowarie forming the Warburton River which continues to flow to the south west and into Lake Eyre.
The lease was initially granted for 21 years to William Benjamin Rounsevell starting on the last day of 1875, covering an area of 400 square miles (1,036 km2) and named Cowarie after a nearby hill. The name is Aboriginal in origin and is the name for marsupial rat common to the area. Many other leases in the area were also soon taken up leading to much greater traffic along the Birdsville track and a post office opened at Cowarie in 1877.
The station was managed by Sharon Oldfield in 1999 and occupied an area of 3,937 square kilometres (1,520 sq mi). The same year Oldfield won the commonwealth Bank Ibis award for rural productivity in recognition of her work with wildlife management and conservation on the property.
Mirra Mitta Bore
The bore was sunk in 1903 as part of the governments plan to sink bores along the Birdsville-Marree stock route in order to provide a permanent water supply. The bore is over 1,000 metres (3,281 ft) deep and is popular stopping place along the Birdsville Track. The bore site consists of a horizontal pipe from a borehead discharging hot artesian water in a circular pond about 5 metres (16 ft) in diameter. The waters then flow along a bore drain.
- S.E. Pearson (27 August 1937). "The South West corner of Queensland". University of Queensland. Retrieved 26 May 2013.
- "Flinders Ranges Research - Cowarie Station". Flinders Ranges Research. 2012. Retrieved 26 May 2013.
- "SA Memory - Kidman, Sidney 1857-1935". Government of South Australia. 10 April 2007. Retrieved 26 May 2013.
- "Lake Eyre Basin - Archived Newsletters". 1999. Retrieved 27 May 2013.
- Catherine Miller (18 May 2009). "Ambassador shines for SA at Rocky expo". Stock Journal. Fairfax Media. Retrieved 26 May 2013.
- "Heritge of the Birdsville and Strzelecki Tracks". Historical Research Pty Ltd. 2000. Retrieved 26 May 2013.