Slide 1: Investor Update - October 2012
For personal use only Investor Update - October 2012
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
Slide 3: Cullen's Fundamentals
Cullen’s Fundamentals For personal use only Number of shares : 693M Dr Denis Clarke - Chairman Unlisted options : 22M Dr Chris Ringrose - Managing Director Cash ~ $2.4M (30/06/12) Mr Grahame Hamilton - Non Exec Market Cap: ~ $14M (@ 2.0c) Mr John Horsburgh - Non Exec Top 20 : ~47% Mr Wayne Kernaghan
Slide 4: Why Invest?
Why Invest? ASX: CUL For personal use only • Several key opportunities within Cullen’s portfolio: • Copper - gold prospects (EM anomalies) – Murchison, W.A. Base Metals discovery – British Columbia Iron ore Reserve – West Pilbara, W.A. Copper - REE aeromagnetic targets – Namibia Graphite advanced pr
Slide 5: Cullen's Key Properties, JVs and Pipeline
Cullen’s Key Properties, JVs and Pipeline For personal use only
Slide 6: North Tuckabianna, Murchison, WA
North Tuckabianna, Murchison, WA For personal use only • Proven region for gold • Proven mineralised structure for gold - (Tuckabianna Shear Zone) • Prospective for base metal, VMS deposits • Previous exploration mostly shallow drilling • Hollandaire Discovery by Silver Lake Resources Ltd (ASX:SLR)
Slide 7: North Tuckabianna – untested VTEM anomalies
North Tuckabianna – untested VTEM anomalies For personal use only 610,000 mE 620,000 mE x Drill holes completed 6,982,500 mN GRANITE April – Sept 2012 Cullen tenement x x Colonel NT 3 NT1-3 Strong VTEM anomaly (drilled) Mt Eelya Moderate VTEM anomaly E20/714 E20/714 Weak VTEM anomaly FELSIC EELYA NT
Slide 8: Significant Discovery in B.C., Canada
Significant Discovery in B.C. , Canada For personal use only “TL Property” Cullen earning 80%
Slide 9: TL Property, B.C.
TL Property , B.C. For personal use only • Recognised, in BC, as one of the best “greenfields” discoveries in BC in 2011 • Advanced, innovative discovery technique - Biogeochemical sampling from helicopter • Known base metal province - possible Ruddock Creek - type • Impressive gossan exposed by Cul
Slide 10: TL Property – Major EM anomaly
TL Property – Major EM anomaly For personal use only
Slide 11: TL Property – EM target at trench site
TL Property – EM target at trench site For personal use only Trenches with massive • Coincident sulphide 3m @ 9% Zn magnetic and channel samples electromagnetic anomalies • Diamond Drilling completed September 2012
Slide 12: Summary of features – trench site drilling
Summary of features – trench site drilling For personal use only Trenches with Massive Sulphide and EM Conductor ‘C-03' 3m @ 9% Zn - 5 DDHs completed Diamond hole completed Trend of magnetic and 5 zinc-in-soils anomalies 4 3 + Gossan float on track 1, 2 6 + Ah Soil Samples + + (Zn ppm) <46 46 - 51 5
Slide 13: TL Property – Drilling from C-03 EM target
TL Property – Drilling from “C-03” EM target (assays pending) For personal use only DDH 03
Slide 14: Diamond drill core – TL Property DDH04
Diamond drill core – TL Property “DDH04” (assays pending) For personal use only Semi- Massive sulphide : pyrite- pyrrhotite - sphalerite
Slide 15: Copper and REE in Namibia
Copper and REE in Namibia - targeting KCB and Tsumeb - type pipes For personal use only Cullen’s Tenements TSUMEB 72 Mt @ 4.3% Cu produced SABRE DISCOVERY 107M @ 1.15% Cu KLEIN Aub 5.5 Mt @2% Cu, 50g/t Ag Produced Cullen Tenure
Slide 16: Graphite and Gold prospects in Finland
Graphite and Gold prospects in Finland For personal use only
Slide 17: Graphite prospects in Finland – historic drill intersections
Graphite prospects in Finland – significant historic drill intersections For personal use only VIISTOLA PROSPECT Historic Drillhole R430 14.6m @ 31.8% C from 48.5m 5cm
Slide 18: West Pilbara Iron Ore Project (API)
West Pilbara Iron Ore Project (API) Major Proposed Development in the West Pilbara For personal use only API seeking to develop Anketell Port. RFC Ambrian appointed by Cullen for possible transaction on Cullen’s asset.
Slide 19: Minter Tungsten Project, NSW
Minter Tungsten Project, NSW For personal use only PROSPECT LOCATIONS DOYENWAE upto 24m @ 0.32% WO3 from 4m (air core)
Slide 20: Gunbarrel gold project, NE Goldfields
Gunbarrel gold project, NE Goldfields For personal use only Connermara 32m @ 0.2 g/t Au • Proven region for gold , NE Eureka Northwest Goldfields WA – Yandal Belt to west, Duketon Belt to south east 7,0 60,00 0 mE • Strong aircore / RAB gold 9m @ 6.2 g/t Au + + ++ ++ anomalies – Southern, Eureka ++
Slide 21: Moving Forward - Near Term Activities
Moving Forward - Near Term Activities For personal use only • Shareholder Share Purchase Plan (SSPP) closes on 19th October 2012 • Drill results from TL Property discovery in Canada (3-4 weeks) - could lead to interest from major regional exploration/development companies • Finland Graphite Portfoli
Slide 22: Conclusions
CONCLUSIONS For personal use only • Cullen controls significant assets, some of which have been drill tested in a first-pass over the past 6 months. Further drilling is required to establish the full potential of these exciting projects. • High priority now given to the copper/gold and gold projects
Slide 23: Attribution - Competent Person Statements
Attribution - Competent Person Statements For personal use only 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 Australasian Institute of Mining and Metallurgy