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Gullewa Limited ( (AU:GUL) ) has issued an update.
Gullewa reported that construction commenced in January on 13 residential lots within its Hunter Valley Solutions property project, with sales activity scheduled to start in the next quarter. The company also received a royalty payment of over $600,000 tied to prior-period mineral sales, providing a meaningful cash inflow.
At its South Darlot Gold Project, geotechnical drilling at the British King deposit was completed and a follow-up report finalised, while Gullewa applied for a 21-year extension to the key mining lease covering most of that deposit. The company increased its strategic position in Central Iron Ore by subscribing about AUD$1.8 million in a rights issue, and is evaluating additional projects to expand and diversify its portfolio.
More about Gullewa Limited
Gullewa Limited is an ASX-listed investment and resources company with interests in property development and mining projects. Its portfolio includes a near‑fully owned property vehicle, Hunter Valley Solutions Pty Ltd, and a controlling stake in Central Iron Ore Limited, giving it exposure to gold assets in Western Australia alongside royalty income from third-party mineral production.
Average Trading Volume: 223,317
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$20.71M
For detailed information about GUL stock, go to TipRanks’ Stock Analysis page.