Gullewa Limited Reports Progress in Property and Mining Ventures

Gullewa Limited ( (AU:GUL) ) has shared an update.

Gullewa Limited has announced several key developments for the quarter ending December 2024. The company anticipates the release of a Subdivision Works Certificate for its Stage 4 project in the coming weeks, signaling progress in its property endeavors. In mining, Central Iron Ore Limited, in which Gullewa holds a major stake, reported exploration results for its South Darlot Gold Project, aiming to enhance its mining prospects. Additionally, Gullewa received a royalty payment of over $1 million from Silver Lake Resources, contributing positively to its financial outlook. The company is also exploring new projects to further diversify its portfolio, while maintaining corporate interests like its shareholding in Brightstar Resources Limited.

More about Gullewa Limited

Gullewa Limited is a company engaged in property development and mining exploration, with a significant market focus on real estate subdivision and gold mining projects. It holds substantial interests in subsidiaries involved in these areas, including Hunter Valley Solutions Pty Ltd and Central Iron Ore Limited.

YTD Price Performance: -6.67%

Average Trading Volume: 49,930

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$12.21M

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