Cullen Resources Limited · ASX:CUL
Cullen Resources — Shareholder Meeting (November 2011)
28 slides from Cullen Resources's shareholder meeting presentation, Nov 29, 2011
Slide 1: Annual General Meeting November 2011
For personal use only Annual General Meeting November 2011 OTAVI MOUNTAINS NORTHERN NAMIBIA
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: 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 Australian Institute of Mining and Metallurgy.
Slide 4: Cullen - 12 Months Summary
CULLEN -12 MONTHS SUMMARY For personal use only Updated Resource and Maiden Reserve - Catho Well Channel Iron Deposit part of West Pilbara Iron Ore Project Stage 1 (Aquila/AMCI) Exploration Target for Iron (30Mt) at Wyloo, in JV with Fortescue Discovery of coal in the Canning Basin, in JV with Advai
Slide 5: Cullen Fundamentals - 2011
Cullen Fundamentals - 2011 For personal use only Number of shares : ~623M Dr Denis Clarke - Chairman Unlisted options : 22M Dr Chris Ringrose - Managing Director Cash ~ $2.1M (30/9/10) Investments ~ $0.6M Mr Grahame Hamilton- Non Exec Market Cap: ~ $20 M (@ 3.3c) Mr John Horsburgh – Non Exec Top 20
Slide 6: Cullen's Business Model - examples
CULLEN’S BUSINESS MODEL - examples For personal use only $$$ PROJECT GENERATION RESOURCES AND TARGETTING +/- FARM OUT GEOCHEM RESERVES DRILLING , CULLEN
Slide 7: Cullen's Properties
For personal use only CULLEN’S PROPERTIES
Slide 8: Extensive Pipeline of Projects & Active JVs
EXTENSIVE PIPELINE OF PROJECTS & ACTIVE JV’S For personal use only • PROJECT GENERATION • TARGET DELINEATION • +/- JOINT VENTURES
Slide 9: West Pilbara Iron Ore Project - Stage 1
West Pilbara Iron Ore Project – Stage 1 For personal use only FS released July 2010 for development of Channel Iron Deposits (CIDs) owned by JV participants AQA/AMCI/RHI/CUL API’s proposed railway and port WPIOP (Stage 1)
Slide 10: West Pilbara Iron Ore Project - Stage 1
West Pilbara Iron Ore Project – Stage 1 For personal use only Mt Stuart Iron Ore JV (Cullen 30% - API 70%) owns 98Mt @ 55% Fe Resource - Catho Well CID Part of West Pilbara Iron Ore Project - Stage 1 (WPIOP) Managed by API = 50:50 JV Aquila/AMCI RED HILL WEST DFS in progress for WPIOP - 30 Mt pa ope
Slide 11: Wyloo Fortescue JV - Iron Ore
WYLOO Fortescue JV – IRON ORE For personal use only API’s proposed railway and port Fortescue’s Western Hub 2015 – 20Mtpa 2017 – 100Mtpa MT STUART JV CATHO WELL CID WYLOO Cullen/Fortescue PARABURDOO JV Cullen/Fortescue
Slide 12: Cue - Gold & Copper
CUE – GOLD & COPPER For personal use only Along strike of Tuckabianna gold Deposits Prospective for base metal, VMS deposits, explored in mid-1970s Hollandaire Previous exploration: mostly shallow drilling Zinc anomaly discovered in RAB drilling east of known greenstone sequence by Cullen Hollandair
Slide 13: Cue - Gold & Copper
CUE – GOLD & COPPER For personal use only Hollandaire Hollandaire
Slide 14: Cue - Gold and Base Metal Targets
CUE – GOLD and BASE METAL TARGETS For personal use only Copper/Base Metal prospect Cullen Base Metal target Hollandaire Open pits: gold Base metal targets from biogeochem Survey and historical data
Slide 15: Cue - Gold and Base Metal Targets
CUE – GOLD and BASE METAL TARGETS For personal use only
Slide 16: Cue - Gold and Base Metal Targets
CUE – GOLD and BASE METAL TARGETS For personal use only Hollandaire Hollandaire Hollandaire Hollandaire Hollandaire Hollandaire
Slide 17: Base Metals in BC, Canada
BASE METALS IN BC, CANADA For personal use only
Slide 18: TL Property - BC, Canada
TL PROPERTY - BC, CANADA For personal use only
Slide 19: TL Property - BC, Canada
TL PROPERTY - BC, CANADA For personal use only
Slide 20: TL Property - BC, Canada
TL PROPERTY - BC, CANADA For personal use only
Slide 21: TL Property - BC, Canada
TL PROPERTY - BC, CANADA For personal use only
Slide 22: Namibia
NAMIBIA For personal use only Targeting: Large sediment- hosted copperbelt and Tsumeb-type deposits; coal in Karoo Basin sediments; and Carbonatites prospective for REE Base Metals REE Geophysical and geochemical Copper approach through Kalahari Sands and calcrete Coal Several drill targets in north
Slide 23: Copper and REE in Namibia
COPPER AND REE IN NAMIBIA For personal use only Cullen’s Tenements TSUMEB 72 Mt @ 4.3% Cu produced Cullen’s Tenements OAMITES 6.5 Mt @1.3% Cu, 12g/t Ag Produced BOSETO 103 Mt @1.4% Cu, 17.3 g/t Ag WITVLEI 13 Mt @1.85% Cu DORDABIS 2 Mt @0.98% Cu KLEIN Aub 5.5 Mt @2% Cu, 50g/t Ag Produced
Slide 24: Queensland Coal
QUEENSLAND COAL For personal use only On-strike from known deposits Frontier position / newly-recognised basin
Slide 25: Queensland Coal - Galilee Basin
QUEENSLAND COAL – GALILEE BASIN For personal use only Target Areas for Coal (Aeromag interp) White Mountain Project (Guildford Coal) Betts Creek Coal at 200m (Guildford Coal) JORC Resource of 925.8Mt (Guildford Coal) Betts Creek Coal at 80m (Guildford Coal)
Slide 26: Scandinavia
SCANDINAVIA For personal use only Cullen project areas Iron ore - copper Gold Project area near Kuusamo for Gold, Finland Strategic position for Fe-Cu in Kiruna Area, Sweden Investigating geochemical REE anomalies, Norway
Slide 27: Gold in Finland
For personal use only GOLD IN FINLAND
Slide 28: Cullen - Going Forward in 2012
CULLEN – GOING FORWARD IN 2012 For personal use only 1. Possible Decision to Mine CATHO WELL CID (Cullen 30%) IRON 2. EM surveying and Drilling NEAR HOLLANDAIRE,WA (Cullen 100%) Cu 3. Drilling EM anomalies BRITISH COLUMBIA (Cullen 100%) ZINC 4. Drilling NEAR HUGHENDEN, QUEENSLAND (Cullen 100%) COAL
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