A woman has been found after police mounted and air and ground search after she went missing north of Alice Springs on Saturday.

Police received a report that  the woman walked away from her family group near the Tropic of Capricorn at around 4pm on Saturday. 

When she failed to return, her family began searching the bush for her, but alerted police just after midnight when she still had not been located.

Police searched throughout the night  and then launched an air search the next morning.

The 55-year-old woman was rescued after she was spotted several kilometres from where she first went missing at around 11.30am.

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