Pearl Gull Iron Sells Cockatoo Island Project, Retains Strategic Stake in Crestlink

The latest announcement is out from Pearl Gull Iron Ltd ( (AU:PLG) ).

Pearl Gull Iron has completed the sale of its Cockatoo Island Project for total consideration of A$4.5 million in cash, a 4% indirect equity stake in logistics developer Crestlink Pty Ltd, and royalty streams over future iron ore and ballast production from the tenements. The transaction, which delivered an initial A$2.5 million payment in the December quarter with a further A$2 million due in December 2026, has allowed the company to repay outstanding loan principal and interest, strengthen its balance sheet, and maintain upside exposure to the strategic Cockatoo Island development via its Crestlink holding and royalties. Crestlink’s fully funded, government-recognised major project to build a multi-user aviation and marine logistics network across the Kimberley – with construction expected to start in 2026 – positions Pearl Gull as a small but continuing beneficiary of regional infrastructure growth as it remains listed and redirects capital toward sourcing new assets and expansion opportunities.

The most recent analyst rating on (AU:PLG) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Pearl Gull Iron Ltd stock, see the AU:PLG Stock Forecast page.

More about Pearl Gull Iron Ltd

Pearl Gull Iron Ltd is an Australian-listed resources company previously focused on the Cockatoo Island iron ore project in Western Australia. Operating in the iron ore and broader resources sector, it has been engaged in exploration and development activities, and now aims to reposition its portfolio by seeking new projects and growth opportunities while retaining some exposure to Cockatoo Island through equity and royalty interests.

Average Trading Volume: 257,101

Technical Sentiment Signal: Buy

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