Ostrich Egg location - Inside the Volcano "mines" on the new islands.
I have been here a few times, and this is the first time I saw the chest.
To get to the island, Willy will bring you to his broken down ship. You'll need 200 Hardwood, 5 Batteries, and 5 Iridium Bars. The Lava Cavern is only 10 Rooms, but they are randomized.
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