A body has been found on Waikato's west coast.

'Police were advised that a body had been located by a member of the public at Papanui Point,” a police spokesperson says.

The body was located on the rocks at the northern end of Ruapuke Beach around 2.20 pm on Sunday, and formal identification is yet to take place.

The grisly discovery comes after two fishermen failed to return from a fishing trip to a notorious fishing spot around the coast from Raglan three weeks ago.

Olson Canatoy, 52, and Eric Dabalos, 44, left their home near Hamilton on October 31 and were due back that evening.

They were reported missing about 11pm, and a search and rescue operation was launched.

A vehicle used by the pair was found parked at the Papanui Point car park.

However, searchers found no other sign of the pair.

Stuff understands Canatoy and Dabalos are members of the Filipino community in Hamilton.

Papanui Point is a notorious spot with at least 22 recorded fatalities after fishermen tumbled off the rocks, or were swept into the water.

In recent years it has claimed the lives of Jack Martin Macnicol, 17, who was swept off rocks there in November, 2018; and 38-year-old Michael Landig, who suffered a similar fate two years later.

In May, 43-year-old Ariel Tagao became the point's most recent casualty while fishing for snapper. His body was found days later.

-Stuff/Lawrence Gullery.