Cullen Resources Limited · ASX:CUL
Cullen Resources — Investor Presentation (May 2012)
23 slides from Cullen Resources's investor presentation, May 2012
Slide 1: Investor Update May 2012
Cullen Resources Limited Investor Update May 2012 Eelya Felsic Complex, Murchison Western Australia
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: Cullen's Fundamentals
Cullen’s Fundamentals Number of shares : 693M Dr Denis Clarke - Chairman Unlisted options : 22M Dr Chris Ringrose - Managing Director Cash ~ $3.1M (31/03/12) Mr Grahame Hamilton - Non Exec Market Cap: ~ $18 M (@ 2.6c) Mr John Horsburgh - Non Exec Top 20 : ~47% Mr Wayne Kernaghan - Non Exec/Co Sec
Slide 4: Cullen's Properties
Cullen’s Properties
Slide 5: Cullen Profile
Cullen Profile Discovery Opportunities Near-term JV Assets Multi-Commodity Exploration Project Pipeline Activities
Slide 6: Extensive Pipeline of Projects & Active JVs
Extensive Pipeline of Projects & Active JVs
Slide 7: West Pilbara Iron Ore Project – Stage 1
West Pilbara Iron Ore Project – Stage 1 Proposed development of Channel Iron Deposits (CIDs)
Slide 8: West Pilbara Iron Ore Project – Stage 1
West Pilbara Iron Ore Project – Stage 1 Mt Stuart Iron Ore JV (Cullen 30% - APIJV 70%) Owns 98Mt @ 55% Fe Resource - Catho Well CID Part of West Pilbara Iron Ore Project - Stage 1 Managed by API JV = 50:50 JV Aquila/AMCI DFS in progress for WPIOP - 30 Mt pa operation Mt Stuart JV tenements Cullen :
Slide 9: WYLOO Fortescue JV – Iron Ore
WYLOO Fortescue JV — Iron Ore INDIAN OCEAN API’s proposed railway and port Fortescue’s Western Hub 2017 -60Mtpa MT STUART JV CATHO WELL cID WYLOO SOUTH Cullen (20%) / Fortescue 16.9Mt @ 57.11 % Fe Inferred Resource PARABURDOO JV Cullen/Fortescue 50 kilometres @ Iron ore deposits @ Fortescue iron ore
Slide 10: Gold & Base Metals Targets - Murchison, WA
Gold & Base Metals Targets - Murchison, WA Cullen’s North Tuckabianna Project Along strike of Tuckabianna gold deposits Prospective for base metal, VMS deposits, explored in mid-1970s Previous exploration: mostly shallow drilling Hollandaire Discovery by Silver Lake Resources Ltd (ASX:SLR) – 9.3 m @
Slide 11: RC drill testing of EM targets – May 2012
RC drill testing of EM targets – May 2012 Cullen has completed Geotech airborne survey (VTEM) across Eelya Felsic Complex on Cullen’s ground Hollandaire 3 Strong EM anomalies delineated EM anomalies coincide with broad geochem anomalies (in laterite and vegetation) Two of the strong EM features lie
Slide 12: RC drill testing of EM targets – May 2012
RC drill testing of EM targets – May 2012 Cullen has completed Geotech airborne survey (VTEM) across Eelya Felsic Complex on Cullen’s ground Hollandaire 3 Strong EM anomalies delineated EM anomalies coincide with broad Prelim. geochem anomalies (in laterite and VTEM vegetation) Image Two of the stro
Slide 13: TL Property, BC, Canada - Cullen earning 80%
TL Property, BC, Candada - Cullen earning 80%
Slide 14: Targeting Base Metals In South East BC
Targeting Base Metals In South East BC
Slide 15: TL Property – Geochem Survey & Trenching Completed
TL Property – Geochem Survey & Trenching Completed
Slide 16: TL Property – Biogeochemical Anomaly
TL Property – Biogeochemical Anomaly
Slide 17: TL – Base Metal Gossan Exposed in Trench
TL – Base Metal Gossan Exposed in Trench
Slide 18: TL Property - HeliTEM Data
> TL Property - HeltEM Data Trenches with massive pyrrhotite- pyrite and zinc mineralisation (3m @ 8.98% Zn) oO EM anomaly (e) Magnetic anomaly @ Trench with massive sulphide Preliminary Image (unprocessed) of EM Survey Data Preliminary Image (unprocessed) of Total Magnetic Intensity w® 2.5 kilometr
Slide 19: TL Property - HeliTEM Data
TL Property - HeliTEM Data Image : -150m depth slice
Slide 20: COAL: Queensland - Galilee Basin
COAL : Queensland - Galilee Basin Cullen’s tenement applications – On-strike from known deposits, Galilee Basin Frontier position in newly-recognised Millungera Basin Targeting Eromanga coals in Lovelle depression Drilling planned - Northern Margin of Galilee Basin near Hughenden
Slide 21: Queensland Coal – Galilee Basin
Queensland Coal – Galilee Basin CULLEN
Slide 22: Cullen – Proposed Key Activities 2012
Cullen – Proposed Key Activities 2012 IRON COPPER ZINC ,GOLD Receive and Review Drilling EM Drilling EM Mining Feasibility Study Catho Well CID Anomalies Anomalies North Tuckabianna, WA British Columbia (Cullen 30%) (Cullen 100%) (Cullen earning 80%) COAL COPPER GOLD Drilling Geochemical Geochemical
Slide 23: Attribution - Competent Person Statements
Attribution - Competent Person Statements The information in this report that relates to Exploration Results is based on information compiled by Dr Chris Ringrose, Managing Director, Cullen Resources Limited who is a Member of the Australian Institute of Mining and Metallurgy. Dr Ringrose is a full