Cullen Resources Limited · ASX:CUL

Cullen Resources — RIU Sydney Resources Round-Up May 2014

23 slides from Cullen Resources's conference presentation, May 14, 2014

  1. Slide 1: RIU Sydney Resources Round-Up Presentation May 2014

    For personal use only RIU Sydney Resources Round-Up Presentation May 2014 Chris Ringrose - Managing Director

  2. Slide 2: 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

  3. Slide 3: Cullen's Project Portfolio - Summary

    CULLEN’S PROJECT PORTFOLIO - SUMMARY 1 For personal use only Contributing 30% IRON ORE RESOURCE West Pilbara Iron Ore Project 2 TARGETTING NICKEL SULPHIDES AND GOLD 3 PROJECT GENERATION 4

  4. Slide 4: Cullen Properties - Joint Ventures Managed by Others

    CULLEN PROPERTIES For personal use only 7 Joint Ventures Managed by others

  5. Slide 5: Catho Well CID – West Pilbara

    CATHO WELL CID – WEST PILBARA For personal use only Cullen - 30% owner of 98Mt @ 55% Fe Resource (JORC,2004) part of proposed WPIOP – Stage 1 in JV with Aquila/AMCI Catho Well CID ore – Alumina and Phosphorus levels attractive for blended product

  6. Slide 6: Mt Stuart Iron Ore JV Project

    MT STUART IRON ORE JV PROJECT Major Proposed Development in the West Pilbara by APIJV For personal use only APIJV (Aquila and AMCI 50:50) seeking to develop Anketell Port and rail infrastructure for their West Pilbara Iron Ore Project – proposed 30Mtpa operation, Stage 1 API’s proposed railway (282k

  7. Slide 7: Recent Press and Conversation – West Pilbara Port

    RECENT PRESS AND CONVERSATION – WEST PILBARA PORT For personal use only Baosteel has a 19.8% holding in Aquila Resources ”the project is certainly springing into life” The Western Australian government has secured a native title agreement that will allow the development of the largest export facilit

  8. Slide 8: Implications for Cullen in the West Pilbara?

    IMPLICATIONS FOR CULLEN IN THE WEST PILBARA? • New momentum for West Pilbara For personal use only Iron Ore Project concept • Drafting of Native Title (land access) Agreements have been finalised to progress Mining lease applications for Cullen’s resource area tenements • Cullen’s iron ore assets in

  9. Slide 9: Mt Stuart Iron Ore Project and Other Wyloo Dome JVs

    MT STUART IRON ORE PROJECT AND OTHER WYLOO DOME JVs For personal use only WYLOO NORTH PROSPECT WYLOO DOME WYLOO SOUTH PROSPECT

  10. Slide 10: Mt Eureka Project – NE Goldfields WA

    MT EUREKA PROJECT – NE GOLDFIELDS WA YANDAL 121° HORSE WELL 122°  Great address N Au 40 kilometres For personal use only JUNDEE  Under explored AK47 MT EUREKA Wiluna  Gold and nickel potential MT CAMELWOOD COLLURABBIE FISHER DUKETON 27°  massive nickel sulphides Au + Ni known from previous MT KE

  11. Slide 11: Mt Eureka Project - Part of Possible New Nickel Province?

    MT EUREKA PROJECT - PART OF POSSIBLE NEW NICKEL PROVINCE ? ~40 strike km of For personal use only ultramafics adjoining and north of Camelwood nickel sulphide discovery (Rox) – NE GOLDFIELDS Nickel deposit/prospect Gold deposit/prospect

  12. Slide 12: Mt Eureka Gold Targets

    MT EUREKA GOLD TARGETS 7m @ 9.0g/t Au, & 9m @ 6.2g/t Au For personal use only 7m @ 6.7g/t Au First priority target NW-SE structures under channel

  13. Slide 13: Long Term Search for Nickel, Mt Eureka Region

    LONG TERM SEARCH FOR NICKEL , MT EUREKA REGION.... ROX (CAMELWOOD) 2012 For personal use only Cullen - BHP BILLITON JV Cullen – IGO JV Cullen - WMC JV (AK47 PROSPECT) 2003 TENNECO MINOPS 1969 …………………Persistence by Cullen justified at Mt Eureka because:  The potential prize is right ;  Deposits can

  14. Slide 14: Massive Nickel Sulphides Do Occur – Mt Eureka Project

    MASSIVE NICKEL SULPHIDES DO OCCUR – MT EUREKA PROJECT Previous discovery at AK47 PROSPECT – 20cm @ 1.93 % Ni, 0.42% Cu, 0.7 g/t Pt+Pd (Hole GBD2) For personal use only MASSIVE SULPHIDE ? REMOBILIZED FROM KOMATIITE

  15. Slide 15: AK47 Nickel Prospect – X Section

    “AK 47” NICKEL PROSPECT – X SECTION For personal use only basalt komatiite

  16. Slide 16: Mt Eureka Project – Historical Data and Recent Surveys

    MT EUREKA PROJECT – HISTORICAL DATA AND RECENT SURVEYS For personal use only Airborne EM Conductor and/or Ni prospects Doyles (Cullen) 11m @ 0.86% Ni (40 - 51m) “AK47” prospect Limit of previous 0.2m @ 1.93% Ni Airborne EM surveying Cullen project Cullen VTEM survey completed over new target area Ca

  17. Slide 17: Mt Eureka Project

    MT EUREKA PROJECT ~ 25km Ultramafic strike DOYLES in Cullen’s project PROSPECT For personal use only AK47 PROSPECT SHOTGUN ARMALITE PROSPECT PROSPECT Elevated Pt,Pd,Ni,Cu Elevated Lag (WMC) Pt,Pd,Ni,Cu Lag (WMC) 1,2,3 – Conductive plates from ground EM Airborne EM Conductor and/or Ni prospects (Cull

  18. Slide 18: Mt Eureka Project – Southern Boundary

    MT EUREKA PROJECT – SOUTHERN BOUNDARY For personal use only

  19. Slide 19: Doyles Prospect – Ground and Downhole EM

    DOYLES PROSPECT – GROUND AND DOWNHOLE EM For personal use only No previous VETM or drilling 2m @ 1.25% Ni from 28m (MERC 121) 3m @ 0.36% Ni from 52m (MERC 118) Interpreted bedrock conductor trend broadly coincident with nickeliferous ultramafic for further drill testing at depth and long strike

  20. Slide 20: Cullen Corporate

    CULLEN CORPORATE ASX:CUL DIRECTORS For personal use only Dr Denis Clarke - Chairman Dr Chris Ringrose - MD Mr Grahame Hamilton - Non Exec Mr John Horsburgh - Non Exec Mr Wayne Kernaghan - Co Sec CAPITAL  Number of shares : 1038M  Cash ~ $1.81M (31/3/14)  Market Cap: ~ $15.0M (@ 1.5c)  Top 20 : ~

  21. Slide 21: Conclusions

    CONCLUSIONS  COMPANY FOCUSED ON EXPLORATION IN For personal use only AUSTRALIA – SOME PROGRAMS SUPPORTED BY R&D TAX REFUNDING AND STATE(S) DRILLING INCENTIVE SCHEMES  DRILLING PLANNED TO TARGET MASSIVE NICKEL SULPHIDES, MT EUREKA PROJECT, W.A.  DRILL READY TARGET AREA FOR GOLD, MT EUREKA PROJECT,

  22. Slide 22: Thank You

    THANK YOU For personal use only MORE DETAIL AT BOOTH No 9 Chris Ringrose 0439 843 756 cullen@cullenresources.com.au www.cullenresources.com.au

  23. Slide 23: Attribution – Competent Person Statement

    ATTRIBUTION – COMPETENT PERSON STATEMENT The Information in this presentation that relates to Exploration Results for the Mt Eureka project is extracted from Cullen’s ASX For personal use only announcements of 22 and 30 of January 2014, and the 23 April 2014 entitled : “Strong EM conductors identifi

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