Cullen Resources Limited · ASX:CUL
Cullen Resources — Investor Presentation (October 2022)
24 slides from Cullen Resources's investor presentation, October 2022
Slide 1: Strategic Positions in Key Mineralised Provinces
ASX: CUL Strategic Positions in Key Mineralised Provinces Targeting Gold / Base Metals / PGE / Lithium Chris Ringrose, Managing Director, Cullen Resources Limited CORPORATE PRESENTATION Contact: 0439 843 756 October 2022 1 October 2022 I © Cullen Resources Limited www.cullenresources.com.au
Slide 2: Disclaimer
DISCLAIMER IMPORTANT NOTICE This presentation has been prepared by Cullen Resources Limited ACN 006 045 790 (Cullen) for general information purposes only. The presentation is not and should not be considered as an offer or invitation to subscribe for or purchase any securities in Cullen, or as an i
Slide 3: Portfolio in Key Provinces
PORTFOLIO IN KEY PROVINCES 100% Projects Ownership & Funded Joint Ventures LOCATION PLAN PROJECTS, JV’S & ASSETS DRILL-READY TARGETS: PROJECT GENERATION GOLD – BASE METALS W.A. / EARLY STAGE (100%) North Tuckabianna (100%), Cue § Bromus, SE W.A. § Wongan Hills (90%), § Yornup, SW W.A. West Yilgarn P
Slide 4: North Tuckabianna Project
NORTH TUCKABIANNA PROJECT Murchison Gold Province, W.A. North Tuckabianna Project Targeting Cu-Au (Hollandaire-style) & Shear Zone Au 4 October 2022 I © Cullen Resources Limited www.cullenresources.com.au
Slide 5: Wongan Hills & Yornup Projects
WONGAN HILLS & YORNUP PROJECTS West Yilgarn Ni-Cu-PGE Province, W.A. Targeting Ni-Cu-PGE and VHMS Mineralisation 5 October 2022 I © Cullen Resources Limited www.cullenresources.com.au
Slide 6: Barlee Project, Youanmi, W.A.
BARLEE PROJECT, YOUANMI, W.A. ~50km of strike SE of Youanmi Greenstone Belt, W.A. Targeting Penny-type Au & Lithium in Pegmatites 6 October 2022 I © Cullen Resources Limited www.cullenresources.com.au
Slide 7: Cullen Resources Limited Corporate Snapshot
CULLEN RESOURCES LIMITED Corporate Snapshot Directors ü Greenfields Explorer ü Focused in WA Dr Chris Ringrose, Managing Director Mr John Horsburgh, Chairman Mr Wayne Kernaghan, Company Secretary ü Project Generator ü JV’s in WA and Finland Capital Number of Shares 407M Cash ~$0.6M (30/6/2022) 2c Ma
Slide 8: North Tuckabianna Project: Poised for Gold Discovery
Poised for Gold Discovery – NORTH TUCKABIANNA PROJECT Au Anomalous Shear Zone System Location Mag. Image with Interpreted Structures & Targets AC drilling targeting low-grade Au anomalies below blade refusal and untested stratigraphy striking NE-SW: Target Area 1 hit – 5m @ 4.58 g/t Au (July 2022) P
Slide 9: North Tuckabianna Project: Encouraging Air Core Results
Encouraging Air Core Results: NORTH TUCKABIANNA PROJECT Follow-up RC Planned – Au Target at Depth 0m 15 37 AR to TN RC A N ra l D NE ve Se PL Anomalous AC Hole TNAC 138 Au on this traverse: Target 1km 5m @ 1.12 g/t Au July 2022 AC drilling targeted low-grade Anomalous AC Holes Au anomalies below TNA
Slide 10: Wongan Hills Greenstone Belt
WONGAN HILLS GREENSTONE BELT Broadly Similar Geology to Julimar Complex Berkshire Valley Wongan Hills – metasedimentary siliciclastics ASX: TRT & amphibolites, split along Bindi (Ni) major magnetic, stratigraphic and structural boundary Mt Yule, ASX: MI6 Wongan Hills Greenstone Belt 1:100,000 scale
Slide 11: Wongan Hills Project: Prospective Belt for Ni-Cu-PGE and VHMS
WONGAN HILLS PROJECT Prospective Belt for Ni-Cu-PGE and VHMS Base Metals § Western part of greenstone belt (generally low magnetic response) dominantly amphibolite after basalts, and metasedimentary siliciclastics. Major stratigraphic- structural boundary § Eastern, magnetic greenstone belt comprise
Slide 12: Wongan Hills Project: Untested Magnetic Belt
WONGAN HILLS PROJECT Virtually Untested, Strike-extensive (~25km) Magnetic Belt EXPLORATION LEADS TO DATE: § Nickel sulphides discovered in ultramafic (Cullen’s RC6) –Rupert Prospect. § Historical Hole 3466 – 7600ppm Ni with 2800 ppm Cr (WAMEX A18337) – supporting the general presence of ultramafics
Slide 13: Wongan Hills Project: Further Air Core Drilling
WONGAN HILLS PROJECT Further Air Core Drilling to Test Multiple Targets 3 6 1 § Historical Au-Cu-Ag BLEG anomalies to the east of 2 existing drilling (Targets 1-2), felsic metasediments interpreted bedrock, base metal VHMS mineralisation (WAMEX A26695,A17145); § Magnetic anomaly (Target 3), possible
Slide 14: Wongan Hills Project: Jackaby Prospect
WONGAN HILLS PROJECT Jackaby Ni-Cu-PGE Prospect – Evidence from Historical Drilling Magnetics images ? Chain of Ultramafic E5414 intrusions ~ 4 - 5km ~ 12km N of Rupert Prospect JACKABY PROSPECT E4882 Au Trend of Possible Ultramafic 50ppb Pt, 1250ppm Cu, 100ppm Ni, 4m Intrusions East of Paynes Shaft
Slide 15: Wongan Hills Project: Rupert Trend North
WONGAN HILLS PROJECT Rupert Trend North: Untested Au-Cu-Ag BLEG Anomalies Air Mag Image Solid Geology Interp. § Cullen’s RC drilling has tested ground EM conductors and Cu-Ni soil anomalies intersecting pyritic pelites to date (Rupert). Au, Cu, Ag BLEG – § Untested historical BLEG anomalies Air Core
Slide 16: Barlee Project: Under-explored Granite-greenstone Terrane
Under-explored Granite-greenstone BARLEE PROJECT – YOUANMI, W.A. Terrane for Au and Li Large Project Bedrock Interpretation ~50km of strike south east of the Penny Gold deposit. Additional air core traverses planned for Youanmi SHear gold and lithium Pegmatites: Max rock chip values (ppm): Li 357 Ta
Slide 17: Barlee Project: Targeting Penny-type Gold, Li in Pegmatites
BARLEE PROJECT – YOUANMI, W.A. Targeting Penny-type Gold, Li in Pegmatites Major structure +/- prospective quartz veining Cullen Au soil anomalies clearly disrupts magnetic trends Penny 2km E57/1135 Youanmi Shear Magnetics Air photo Image Testing major N-S / NW-SE structures for Au Image 17 October
Slide 18: Yornup Project
YORNUP PROJECT EL 70/5405, West Yilgarn Ni-Cu-PGE Province, SE of Greenbushes Surrounded by Anomalous Major Players Cr, Ni, Cu IGO and CHN 18 October 2022 I © Cullen Resources Limited www.cullenresources.com.au
Slide 19: Yornup Project: Historical Ni-Cr-Pt Anomalies
YORNUP PROJECT Historical Ni-Cr-Pt Anomalies = Target Areas for Geochem Sampling Proposed Soil Sampling Traverses (November start) 19 October 2022 I © Cullen Resources Limited www.cullenresources.com.au
Slide 20: Bromus Pipeline Project
BROMUS – PIPELINE PROJECT Norseman Region, W.A. – Early Stage Exploration TARGETING: GOLD, LITHIUM IN PEGMATITES & Ni-Cu-PGE IN ULTRAMAFICS § Cullen’s Bromus Project lies on-strike Callisto Pt-Pd-Au-Ni-Cu (ASX:GAL) to the south of known nickel prospects, has an untested historical gold-in-auger anom
Slide 21: Finnish Cu-Au JV Project
FINNISH Cu-Au JV PROJECT Cullen 30%, Capella 70% – Central Lapland Greenstone Belt TARGETS INCLUDE: § Potential extensions to Outokumpu’s Saattopora former gold-copper mine, and to S2 Resources (ASX:S2R) Aakenusvaara gold project. § Killero: copper-gold anomaly, from historical Base of Till (“BoT”)
Slide 22: Finnish JV Project: Eräjärvi Lithium Pegmatite Field
Eräjärvi Lithium-Cesium-Tantalum (“LCT”) FINNISH Cu-Au JV PROJECT Pegmatite Field, Southern Finland NEW EXPLORATION AREA FOR LITHIUM § Cullen Finland Oy (owned 70:30 by Capella and Cullen) has applied for Perho Reservation (~50 sq km). § Old quartz – feldspar –? (lithium) mines (Viitaniemi, Juuraako
Slide 23: Mt Eureka JV Project
Mt EUREKA JV PROJECT North East Goldfields Province, W.A. MT EUREKA PROJECT – NORTHERN EXTENSION OF ROX’S MT FISHER BELT – Rox Resources earning up to 75%, – Cullen 25% (free carry to PFS) HIGH-GRADE RESULTS TO DATE (ROX) INCLUDE: § MFRC075: 13m @ 6.81g/t Au from 45m, including 9m @ 8.89g/t Au from
Slide 24: Proposed Exploration Programs
PROPOSED EXPLORATION PROGRAMS Strong Targets for Discovery Programs Ahead for 2022/2023 2022 2023 September October November December January February NORTH TUCKABIANNA, CUE Ground prep. + Air Core/RC Drilling Au-Cu BARLEE, SE OF YOUANMI Lithium Follow-up Prospecting soil anomalies; Pegmatites Soil/
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