A major search is underway for a man missing after a yacht capsized off Lady Elliott Island. -AAP Image
A search is underway to find a man missing after a yacht capsized off the central Queensland coast.
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Police say the vessel, with three people aboard, overturned off Lady Elliot Island near Gladstone early on Sunday.
The yacht was approximately four nautical miles south of the 45-hectare coral cay, which is part of the Great Barrier Reef and home to a small eco-resort, when an EPIRB relaying an emergency code message was activated at 5am.
It's understood it was on its way from Yeppoon to Brisbane.
Police and emergency services launched a search and rescue operation involving multiple vessels, police divers and a helicopter.
Just after 10.15am, the chopper located two people in the water, who were winched to safety before being taken to hospital for treatment.
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