Our objective was to investigate the effects of extended aging on the flavor characteristics of Australian grass- and grain-fed beef longissimus thoracis. Ribeye rolls from Australian grass- and grain-fed beef carcasses were collected, randomly assigned to one of 4 postmortem aging days (35, 45, 55, and 65), vacuum packaged, and shipped under refrigeration (0°C–2°C) to Texas Tech University (Lubbock, TX). Aged longissimus thoracis were fabricated on their respective aging day into 2.54-cm steaks, vacuum packaged individually, and frozen (−24°C) until further analyses. According to trained flavor panelists, beef flavor identity, fat-like, metallic, umami, bitter, and sweet flavors were not influenced by diet or postmortem aging (P > 0.05). Diet influenced (P < 0.05) liver-like, rancid, grassy, and sour flavors, as well as juiciness. For all flavors except liver-like, grass-fed samples had stronger flavors than grain-fed samples. Postmortem aging influenced (P < 0.05) bloody/serumy, liver-like, rancid, and grassy flavors, along with tenderness and juiciness. Flavor detection typically became stronger for those flavors as postmortem aging increased; however, bloody/serumy, juiciness, and tenderness generally did not follow a linear trend as postmortem aging increased. Content of acetic acid and hexanal were each greater (P < 0.05) in grain-fed beef. The majority of lipid oxidation compounds were most prominent (P < 0.05) in samples aged 45 and 55 d, while content in 35 and 65 d were lower and did not differ (P > 0.05). Aging also influenced content of acetic acid and ethanol (P ≤ 0.04), which increased with aging duration. For 1-octen-3-ol, grain-fed samples aged 65 d had the greatest (P < 0.05) content compared with all other diet and aging combinations. Results indicate that aging up to 65 d had no impact on beef flavor identity and umami, but it led to stronger generation of certain off-flavors such as rancid, grassy, and liver-like.