Gullewa Ltd. reported audited consolidated earnings results for the year ended June 30, 2012. For the year, the company reported revenue of AUD 25,452 compared to AUD 33,481 for the same period a year ago. Loss before income tax benefit was AUD 3,627,845 compared to AUD 3,103,635 for the same period a year ago.

Loss after tax benefit was AUD 4,541,379 compared to AUD 2,357,279 for the same period a year ago. Loss attributable to owners of the company was AUD 4,045,431 or 2.735 cents loss per basic and diluted share compared to AUD 2,188,542 or 1.554 cents loss per basic and diluted share for the same period a year ago. Net cash used in operating activities AUD 2,342,850 compared to AUD 2,568,647 for the same period a year ago.

Payments for property, plant and equipment was AUD 51,076 compared to AUD 9,571 for the same period a year ago. . Payments for intangibles were AUD 15,732 against AUD 9,443 for the same period a year ago.

Payment for exploration and evaluation was AUD 2,308,707 against AUD 1,123,484 for the same period a year ago.