• Subdivision Works Certificate for Stage 4 expected in 10 weeks
• Exploration results released for Central Iron Ore's British King Mine Area and prospects
• $1,024,056.56 royalty payment received from Silver Lake Resources

The Board of Gullewa Limited has provided an update on the company's activities during the quarter ended 31 December 2024. The key highlights include:Hunter Valley Solutions Pty Ltd (Gullewa Limited 69.47%) - The Subdivision Works Certificate for Stage 4 is expected to be released from Maitland Council in the next 10 weeks.Central Iron Ore Limited (Gullewa Limited 51%) - On 17 January 2025, the company released the results of exploration work undertaken by Central Iron Ore and released on the TSX-V at its British King Mine Area and prospects in the South Darlot Joint Venture areas.Royalty - Silver Lake Resources 1% - The royalty payment of $1,024,056.56 from the September 2024 quarter sales was received this quarter.The company is currently considering other projects and project areas to add to its existing portfolio. Central Iron Ore Limited also holds 5,515,342 shares in Brightstar Resources Limited.