Cullen Resources Limited · ASX:CUL
Cullen Resources — Investor Presentation (May 2019)
22 slides from Cullen Resources's investor presentation, May 6, 2019
Slide 1: Cullen Resources Investor Presentation May 2019
For personal use only • VHMS Deposits Wongan Hills • Base metals + gold North Tuckabianna • Gold + nickel Mt Eureka Chris Ringrose – Managing Director I May 2019
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: Wongan Hills
For personal use only WONGAN HILLS
Slide 4: Favourable Geological and Logistical Location
Wongan Hills I Favourable Geological and Logistical Location For personal use only Cullen holds 90% of The tenure covers mostly granted EL 70/4882 (145 sq. freehold private farmland km) with Tregor Pty Ltd with compensation (10%). agreements in place with key landowners to allow for The project is v
Slide 5: Significant Prospectivity
Wongan Hills I Significant Prospectivity Cullen's (90%) Wongan Hills Project lies For personal use only within an Archaean greenstone belt with known Cu-Au mineralisation and is in Cullen's opinion, a very favourable setting for the location of Volcanic- Hosted Massive Sulphide deposits (VHMS). Wong
Slide 6: Relatively underexplored Archaean greenstone belt
Wongan Hills I Relatively underexplored Archaean greenstone belt For personal use only Core of several overlapping laterite and soil geochem. anomalies: Sn, Au, Ag, Cu and others. Aeromagnetic Image 5km © Cullen Resources Limited I www.cullenresources.com.au 6
Slide 7: Compelling Laterite Geochemistry at CHI-3 Index
Compelling Laterite Geochemistry at Wongan Hills I 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 als
Slide 8: Helicopter-borne VTEM survey
Wongan Hills I Helicopter-borne VTEM survey For personal use only To further investigate the area of multiple geochem. anomalies, Cullen flew an Airborne EM survey in June 2018. © Cullen Resources Limited I www.cullenresources.com.au 8
Slide 9: Geophysical Survey centered on geochem. anomalies
Wongan Hills I Geophysical Survey centered on geochem. anomalies For personal use only The helicopter-borne VTEM survey was centred on geochem. anomalies and comprised : 266 line km; 150m line Boundary of VTEM spaced – data interpretation received. E70/4882 Main CHI – 3 geochem. © Cullen Resources L
Slide 10: Prioritised bedrock conductor trends from VTEM data
Wongan Hills I Prioritised bedrock conductor trends from VTEM data For personal use only 5 • Multiple interpreted bedrock conductors Core of several at Wongan Hills overlapping geochem. project 1 anomalies: Sn, Au, Ag, Cu and others, 1-5: Prioritised 4 - area of completed of interpreted bedrock 3
Slide 11: 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 The VTEM results highlight multiple clusters and trends of interpreted 5 bedrock conductors. In particular, five clusters of interpreted bedrock conductors, 1 3 over strike lengths
Slide 12: Air Core drilling results to date
Wongan Hills I Air Core drilling results to date In January 2019 Cullen completed first For personal use only 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). Assays defined a signif
Slide 13: Air Core and RC drilling planned
Wongan Hills I Air Core and RC drilling planned The VTEM response around air For personal use only core drill hole 19WAC48, models as a SSE striking, NNE dipping conductor along ~150m of strike from a vertical depth of 150m, is parallel to the strike of the Prospective Corridor, and is a priority RC
Slide 14: Cullen's Project Portfolio
Wongan Hills in Cullen’s Project Portfolio For personal use only Cullen has 4 IRON ORE components to 1 ROYALTIES + 4 its portfolio – – WEST PILBARA 2 project areas it manages DRILL READY 2 TARGETS GOLD AND NICKEL PROJECT 3 GENERATION/ DRILL TARGETS + Royalties: with Fortescue at Wyloo; and, with Bao
Slide 15: West Pilbara, W.A. 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 16: Mt Eureka
For personal use only Mt EUREKA
Slide 17: Mt Eureka Project, NE Goldfields, W.A. – Gold and Nickel
Mt Eureka Project I NE Goldfields, W.A. – Gold and Nickel For personal use only CULLEN’S MT EUREKA ~350 km2 PROJECT ~40 km strike Cullen‟s 100% owned Mt Eureka CUL – 100% project is amongst prolific greenstone belts with long histories of exploration and discoveries yet remains relatively underexplo
Slide 18: Mt Eureka Project, NE Goldfields, W.A. – Gold
Mt Eureka Project I NE Goldfields, W.A. – Gold For personal use only Gold mineralisation discovered to date is localised by a set of major fault zones (or Breaks) as evidenced by the distribution of >1.0 g/t Au in historical drilling - red stars - and not merely a reflection of the previous focus of
Slide 19: Mt Eureka Project Drilling results to date invite further investigation
Mt Eureka Project I Drilling results to date invite further investigation For personal use only 1m/14.29 5m/12.43 10m/4.74 5m/7.84 © Cullen Resources Limited I www.cullenresources.com.au 19
Slide 20: North Tuckabianna: VTEM anomalies for drill testing
NORTH TUCKABIANNA For personal use only VTEM anomalies for drill testing ~ 1km east of Hollandaire copper resource, ~40km east of Cue (acquired by Arc ASX: ARX)
Slide 21: North Tuckabianna Project, Cue: Air core drilling planned on VTEM
North Tuckabianna Project, Cue I Air core drilling planned on VTEM For personal use only Aeromagnetic image Geological Setting © Cullen Resources Limited I www.cullenresources.com.au ‹#›
Slide 22: In Summary
Cullen’s project portfolio First pass air core drilling has IN SUMMARY For personal use only includes a number of defined a “Prospective compelling targets for base Corridor” to focus further work metals and gold in highly to include: RC drilling beneath CONTACT prospective terranes. significant cop