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Lucky Bay is a locality in the District Council of Franklin Harbour, on the Eyre Peninsula, South Australia. It is a terminus for SeaSA's Spencer Gulf passenger ferry and is also earmarked for future iron ore exports. Lucky Bay is located immediately north-east of the Franklin Harbour wetlands. Its adjacent waters lie within the outer boundary of the Franklin Harbor Marine Park. A ferry service crossing Spencer Gulf from Lucky Bay to Wallaroo commenced in 2006, and the dirt road connecting Lucky Bay with the Lincoln Highways was finally sealed in 2008. As of 2015, harbor expansion works are underway to facilitate future iron ore exports.