Cullen Resources Limited · ASX:CUL
Cullen Resources — Shareholder Meeting (November 2019)
22 slides from Cullen Resources's shareholder meeting presentation, Nov 26, 2019
Slide 1: Wongan Hills Air Core Drilling - AGM Presentation
WONGAN HILLS ASX:CUL AIR CORE DRILLING For personal use only • Farm-Out of Mt Eureka Project • New EL Applications SE of Penny West • Drill ready targets For VHMS Deposits Wongan Hills AGM PRESENTATION Chris Ringrose , Managing Director I 26 Nov. 2019
Slide 2: Cullen's Strategy and Project Portfolio Summary
Cullen’s Strategy and Project Portfolio SUMMARY Cullen has 4 complementary For personal use only components to its portfolio - the results of its successful IRON ORE Project Generator/Incubator 1 ROYALTIES + 3 Exploration Strategy. – WEST PILBARA 1. Iron Ore Royalties borne out of JV’s with Aquila (
Slide 3: West Pilbara Cullen Iron Ore Royalties
West Pilbara , W.A. I Cullen Iron Ore Royalties Cullen holds two iron ore royalties: For personal use only • a 1.5% F.O.B. royalty on up to 15 Mt of any iron ore production from the Wyloo project tenements, within Fortescue‟s Western Hub/Eliwana project (development underway) and will receive $900,0
Slide 4: Drilling - 19WAC85
Wongan Hills For personal use only Drilling - 19WAC85
Slide 5: Compelling Laterite Anomaly - CHI-3 Index
Wongan Hills I Compelling Laterite Anomaly - CHI-3 Index For personal use only Cullen‟s laterite samples from Wongan Hills, show tin (Sn) levels as high as the best anomalies at Gossan Hill deposit at Golden Grove, W.A. (117 vs. 95ppm). The “CHI-3” geochem. index for laterite samples at WH also has
Slide 6: Coincident Bedrock Conductors / CHI-3 Index geochem.
Wongan Hills I Coincident Bedrock Conductors / CHI-3 Index geochem. View along cluster 1 from NNW For personal use only A VTEM survey (June 2018) highlighted multiple clusters and trends of interpreted 5 bedrock conductors. In particular, five clusters of 1 3 interpreted bedrock conductors, over str
Slide 7: Air core drilling - significant bedrock Cu mineralisation
Wongan Hills I Air core drilling - significant bedrock Cu mineralisation For personal use only In January 2019 Cullen completed first pass air core drilling (47 holes for 1,940m) that intersected an interpreted sequence of mafics and metasediments overlain by buried laterite (ASX: CUL, 21 Feb 2019).
Slide 8: Widespread hydrothermal alteration – petrology
Wongan Hills I Widespread hydrothermal alteration – petrology For personal use only Ten samples of drill chips from Cullen‟s June air core programme were examined in thin section. The petrologist‟s report indicates: • The most common rock in the chips examined is amphibolitised mafic often with hydr
Slide 9: Prime drill targets – Down-dip of air core 19WAC48
Wongan Hills I Prime drill targets – Down-dip of air core 19WAC48 For personal use only The high-grade copper intervals from air core drilling into fresh bedrock have high Ag, Bi, Mo, and W levels and clearly this mineralisation is strongly reflected in the CHI-3 Index anomalies in laterite and guid
Slide 10: VTEM and MAG drill targets – Down-dip air core 19WAC48
Wongan Hills I VTEM and MAG drill targets – Down-dip air core 19WAC48 For personal use only The VTEM response around drill hole 19WAC48 , models as a SSE striking, NNE steeply-dipping conductor along ~150m of strike from a vertical depth of 150m, is parallel to the strike of the Prospective Corridor
Slide 11: Prospective structural setting – air mag interpretation
Wongan Hills I Prospective structural setting – air mag interpretation For personal use only Interpretation of aeromagnetics ?FAULT data (Peters ,1996, WAMEX Report A 47022) suggests a major N-S fault may occur in the area of current drilling and may have influenced the shape of geochemical anomalie
Slide 12: North Tuckabianna project area on regional scale structure
Project Area on N. Tuckabianna regional For personal use only scale structure
Slide 13: North Tuckabianna Murchison, W.A. – copper-gold prospectivity
North Tuckabianna I Murchison, W.A. – copper-gold prospectivity For personal use only Colonel Cullen holds E20/714 centered ~30km Mt Eelya 1 east of Cue, which lies north along 2 strike of historical gold deposits that X 3 make up the “Tuckabianna Gold Trend”, and is on-strike of the Hollandaire cop
Slide 14: Mt Eureka Project JV Renewed exploration for Gold and Nickel
Mt Eureka Project JV I Renewed exploration for Gold and Nickel Cullen‟s Mt Eureka project is amongst prolific For personal use only greenstone belts with long histories of exploration and discoveries yet remains relatively underexplored for gold, and nickel sulphide deposits. The project lies immedi
Slide 15: Mt Eureka Project JV – Nickel sulphide prospectivity
Mt Eureka Project JV I NE Goldfields, W.A. – Nickel sulphide prospectivity Nickel sulphide exploration by For personal use only Rox will extend northwards from their Camelwood discovery and may include: • detailed ground EM surveying along the Silverbark chert/BIF horizon to identify conductors JV t
Slide 16: Mt Eureka Project Drilling results to date invite further investigation for Au
Mt Eureka Project I Drilling results to date invite further investigation for Au For personal use only Gold mineralisation discovered to date within the Mt Eureka project by Cullen is localised by a set of major fault zones (or Breaks) as evidenced by the distribution of >1.0 g/t Au in historical dr
Slide 17: New Project Penny West-type gold targets - South-East of Youanmi
New Project I Penny West-type gold targets - South-East of Youanmi For personal use only Cullen has applied for EL77/2606 and EL57/1135 located within the Southern Cross Province of the Archaean Yilgarn Craton in Western Australia, centred approximately 420km northeast of Perth. The applications str
Slide 18: New Project Penny West-type gold targets
New Project I Penny West-type gold targets For personal use only Cullen applications (Barlee Youanmi Project) cover a project area of ~350km2 covering interpreted shear zones and aeromagnetic anomalies in the region south - east of Penny West Penny West. Exploration will proceed with compilation of
Slide 19: New Project Penny West-type gold targets
New Project I Penny West-type gold targets For personal use only The sheared contacts of the interpreted greenstone/amphibolite bodies with sheared granodiorite, are the primary MAJOR SHEAR ZONE target for Penny West-type lodes with soil sampling proposed in the first instance. Some of these bodies
Slide 20: New Project In Finland – Central Lapland Greenstone Belt (Cu-Au)
New Project I In Finland – Central Lapland Greenstone Belt (Cu-Au) For personal use only Cullen has made an application for an Exploration Permit (“Katajavaara”), in the Central Lapland Greenstone Belt of northern Finland. Cullen‟s application, estimated to be processed over the coming 6-12 months,
Slide 21: In Summary / Contact
Cullen’s project portfolio includes a In addition, Cullen has: made new EL number of compelling targets for applications (~350km2 in total) in the IN SUMMARY base metals and gold in highly region south-east of the Penny West For personal use only prospective terranes: gold deposits to explore interp
Slide 22: Disclaimer
Disclaimer For personal use only 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
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