Located within the Penstock Lagoon area, this free camping site offers stunning views of the lagoon and the surrounding wilderness. The campground is accessible via Waddamana Road and is ideal for small vans, camper trailers, and tents. Basic facilities include toilets, but campers must bring their own drinking water and firewood. There is a 14-day limit on stays, and campfires are permitted only in designated areas.

One of the highlights of Lady's Walk is its excellent fishing opportunities. The lagoon is reserved for fly fishing only, with a 5-knot speed limit for boats. The area is perfect for those looking to immerse themselves in nature and enjoy a quiet, rustic camping experience. Nearby attractions include the historic Waddamana Power Station Heritage Site and the charming village of Shannon, which offers essential amenities such as a supermarket and petrol station.