ATW Venture (Australia) Pty Ltd

Gullewa Limited has a 1% royalty in several ATW Venture (Australia) Pty Ltd Mining Tenements.

This includes the Deflector Gold-Copper Project, located in the Gullewa Project area.  Further exploration drilling was undertaken on the Deflector Gold-Copper Project which was successful in increasing the Mineral Resource to 770,000 Au Eq ozs. The global resource inventory for the Gullewa Project is now 872,000 Au Eq ozs.

The metallurgical testwork program was successful in meeting the key objective of developing a common gravity and flotation process to produce gold bullion and copper-gold concentrate from the oxide, transitional and primary material.

 

Gullewa Gold Mine

The Gullewa Project is located 450 km north of Perth, 160 km east of Geraldton and 300 km south west of ATW's 100% owned Bumakura Gold Mine in the Yilgam goldfields of Western Australia.

The Gullewa Project includes a total of 756 square kilometres of mineral tenements that cover the prospective central and southern portions of the Gullewa Greenstone Belt and include the Gullewa Mining Centre, the Deflector Deposit, the Prince George Ming, the Michaelangelo and Monarch Prospects.

Mining infrastructure asets of the Gullewa Project include a turn-key gold operation with a Carbon-in-Leach plant capable of up to 300,000 tpa (tonne per annum) gold production, a licensed tailings disposal facility, a 50-person camp, offices, workshops, bore fields and haulage roads.  Teh site is currently on care and maintenance.