Cullen Resources Limited · ASX:CUL

Cullen Resources — Investor Presentation (November 2014)

17 slides from Cullen Resources's investor presentation, Nov 10, 2014

  1. Slide 1: Investor Update: Iron Ore Asset a Potential Company Maker

    INVESTOR UPDATE For personal use only IRON ORE ASSET A POTENTIAL COMPANY MAKER November 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: Mt Stuart Iron Ore JV Project – Cullen 30%

    MT STUART IRON ORE JV PROJECT – CULLEN 30% For personal use only Major Proposed Development in the West Pilbara by APIJV WEST PILBARA IRON ORE PROJECT – STAGE 1 (a proposed 40Mtpa operation, being developed p byy the APIJV)) Proposed railway (282km) and port (Anketell) Cullen owns 30% of the Catho W

  4. Slide 4: Catho Well CID – Proposed Stage 1 Mine

    CATHO WELL CID – PROPOSED STAGE 1 MINE For personal use only CATHO WELL CID

  5. Slide 5: Catho Well CID ore – Al2O3 and P levels attractive for blended product

    Catho Well CID ore – Al2O3 and P levels attractive for blended product For personal use only Catho Well CID Cullen ‐ 30% owner of Catho Well Channel Iron deposit (CID) part of proposed WPIOP – Stage 1 in JV with API

  6. Slide 6: Mt Stuart Iron Ore JV – Feasibility and Project Timeline

    MT STUART IRON ORE JV – FEASIBILITY AND PROJECT TIMELINE For personal use only Revenue Generation 2014 2015 2016 from mining operations April SSep Jan SSep Feb Dec Dec une Oct Oct Mar Aug May Nov JJuly Nov M D D M Ju A N N A , Resource Mine‐gate sale price Estimation estimate based on +/ 15% InfraCo

  7. Slide 7: Multiple JVs in Wyloo Dome Region – Planned Drilling at Catho Well

    MULTIPLE JVs IN WYLOO DOME REGION – IRON AND GOLD PLANNED DRILLING AT CATHO WELL For personal use only Previous Drilling Drillholes planned ‐ ~15,000m , ((2014))

  8. Slide 8: Cullen's Project Portfolio – Summary

    CULLEN’S PROJECT PORTFOLIO ‐ SUMMARY 1 For personal use only IRON ORE RESOURCE Mt Stuart Iron Ore Project 2 TARGETING NICKEL SULPHIDES AND GOLD 3 PROJECT GENERATION 4

  9. Slide 9: Cullen Properties – Iron Ore, Gold, Nickel, Tungsten

    CULLEN PROPERTIES – IRON ORE,GOLD,NICKEL,TUNGSTEN For personal use only 7 Joint Ventures Managed by others

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

    MT EUREKA PROJECT – NE GOLDFIELDS WA YANDAL 121° HORSE WELL 122°  Great address Au N For personal use only 40 kilometres JUNDEE AK47  Still under ‐explored at depth MT EUREKA Wiluna  High gold and nickel potential MT CAMELWOOD COLLURABBIE FISHER DUKETON U O 27°  Massive nickel sulphides Au + Ni

  11. Slide 11: Mt Eureka Project – Multiple Ni Prospects

    MT EUREKA PROJECT – MULTIPLE Ni PROSPECTS ~ 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 a

  12. Slide 12: Mt Eureka – Aeromagnetic Image & Geological Interpretation

    MT EUREKA ‐ AEROMAGNETIC IMAGE & GEOLOGICAL INTERPRETATION AK 47 Nickel k l For personal use only Prospect A3 Central Ultramafic Package Irwin Well

  13. Slide 13: Massive Nickel Sulphides Do Occur – Mt Eureka Project

    MASSIVE NICKEL SULPHIDES DO OCCUR – MT EUREKA PROJECT Previous P i discovery di att AK47 PROSPECT – For personal use only 0.2M @ 1.93 % Ni, 0.42% Cu, 0.7 g/t Pt+Pd (Hole GBD2) MASSIVE SULPHIDE ? REMOBILISED FROM NEARBY SOURCE KOMATIITE

  14. Slide 14: Mt Eureka – AK47 Nickel Sulphide Prospect

    MT EUREKA ‐ AK47 NICKEL SULPHIDE PROSPECT Ni > 1% over 0.1‐0.2m in holes GBD 2,3 and 4 For personal use only GBD 2‐7 Proposed ground EM – 2 x 1km

  15. Slide 15: 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 Horsburghg - Non Exec Mr Wayne Kernaghan - Co Sec CAPITAL  Number of shares : 1083M  Cash ~ $0 55M (30/09/14) $0.55M  Market Cap: ~ $10M (@ 1.0c)  Top

  16. Slide 16: Investment Summary

    INVESTMENT SUMMARY  CULLEN PART OF WEST PILBARA For personal use only IRON ORE PROJECT ‐ Stage 1 VIA ITS 30% INTEREST IN MSIOJV  PROJECT RENERGISED AND GAINING MOMENTUM  TARGETING UPDATE TO MINERAL RESOURCE /RESERVE ESTIMATES AT THE CATHO WELL CID (2015)  SIGNIFICANT REVALUATION OF CULLEN’S STAK

  17. Slide 17: Thank You

    THANK YOU For personal use only Chris Ringrose 0439 843 756 cullen@cullenresources.com.au www.cullenresources.com.au ATTRIBUTION – COMPETENT PERSON STATEMENT Information in this presentation may reflect past exploration results, and Cullen’s assessment of exploration completed by past explorers, whi

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