Yes, it's a mystery what became of him and I don't think it is possible to know. I've searched for deaths under Dearlove without any success and the closest one I could find is the following:
Name John James
Death Age 79
Birth Date abt 1819
Death Date 17 Jan. 1898
Death Place Hobart, Tasmania
Registration Date 1898
Registration Place Hobart, Australia
Registration Number 115
This man was buried in a pauper's grave in the Cornelian Bay cemetery in Hobart. The 19th century Tasmanian death certificates are very sparse with no parents named and only perhaps place of birth. Being a pauper, the informant probably wouldn't have known anyway.