Sheba Dams Reserve is a free campground situated in the Great Dividing Range at approximately 1,150 metres above sea level, about 11 kilometres east of Nundle and 3 kilometres south of Hanging Rock in New South Wales.

The reserve centres on two dams built by hand in 1888 to supply water for gold mining operations in the Hanging Rock and Nundle areas.

The site is popular for swimming, kayaking, fishing, and gold fossicking, with a timber jetty, pit toilets, barbecue and fireplace facilities, an undercover cooking shed, and picnic tables. A walking track winds around part of the larger dam.

Motor homes and vans are welcome provided they are fully self-contained. Summers are pleasant for swimming, though winters at this elevation can be cold with occasional snowfall. The nearest supplies are in Nundle, roughly 10–15 minutes away.