Commenced in 1939, with construction halted during World War II, and completed in 1960, the Keepit Dam is a major dam on the Namoi River, located approximately 56 kilometres (35 mi) west of Tamworth and 39 kilometres (24 mi) north-east of Gunnedah, upstream of the confluence of the Namoi and Peel rivers.

[1][2][3] An A$146.6 million upgrade of facilities commenced in 2009 and resulted in the construction of two spillways and three saddle dams, completed during 2011.

The two dams supply water requirements along much of the Namoi Valley, used for irrigation including cotton, cereal and wheat crops, lucerne, fodder and pasture, vegetables, vines, orchards and oil seeds.

[1] A hydro-electric power station generates up to 7.2 megawatts (9,700 hp)[6] of electricity from the flow of the water leaving Keepit Dam with an average output of 10.2 gigawatt-hours (37 TJ) per annum.

[7] The area surrounding Lake Keepit is used for local recreation including camping, picnics, swimming, boating, sailing, water skiing[1] and fishing.