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Gullewa Limited (ASX:GUL)
ALERT: Price-sensitive ASX Announcement for GUL
Current share price for GUL : $0.069 -0.026 (-27.37%)+
Announcement
Release
24 Apr 2026 1:37PM
Price at Release
$0.095
Full Release
Summary
The quarterly report of Gullewa Limited for the period ending 31 March 2026 details various activities and developments. The company has undertaken construction projects with Hunter Valley Solutions Pty Ltd, expected to commence sales next quarter. Gullewa holds significant interests in the Central Iron Ore Limited and has lodged an application for an extension concerning the British King deposit. The company received a royalty payment from Vault Minerals Limited and is exploring further projects to enhance its portfolio. Additionally, Gullewa participated in a rights issue to bolster its stake in Central Iron Ore.
Key Points
- Hunter Valley Solutions Pty Ltd commenced construction of 13 lots in January; sales are to begin next quarter.
- Central Iron Ore Limited completed geotechnical drilling on British King, with a report finalized in April.
- Application for a 21-year extension of ML37/30 was lodged on 24 March 2026, including eight technical reports.
- Received a royalty payment of $607,514.21 from Vault Minerals Limited for the December 2025 quarter.
- Gullewa Limited is considering additional projects to expand its portfolio.
- Participated in Central Iron Ore's rights issue, acquiring 23,143,594 shares for AUD$1,788,009.
- Currently holds 46,280,708 shares in Central Iron Ore.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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