Cullen Resources Limited · ASX:CUL
Cullen Resources — Investor Presentation (February 2020)
19 slides from Cullen Resources's investor presentation, Feb 12, 2020
Slide 1: 2020 Vision: Target drilling and target generation
2020 VISION Target drilling and target generation (x 6) For personal use only ASX:CUL 2020 TARGETS Include: • Base metals-gold Wongan Hills • Gold SE of Penny West • Gold and Nickel Mt Eureka JV Chris Ringrose , Managing Director I Feb 2020
Slide 2: Projects: geochem anomalies, air core intersections, major shears
PROJECTS I Geochem anomalies - air core intersections - major shears WONGAN HILLS – major laterite anomaly – 1 VTEM anomalies – air core copper sulphides : For personal use only DHEM, RC +/- diamond drilling planned NORTH TUCKABIANNA, CUE – DHEM anomalies, 2 air core copper/gold anomalies – structur
Slide 3: Wongan Hills: Coincident Bedrock Conductors / CHI-3 Index geochem
WONGAN HILLS I Coincident Bedrock Conductors / CHI-3 Index geochem. For personal use only View along target stratigraphy from NNW Multiple clusters and trends of interpreted bedrock conductors from VTEM survey Coincident CHI-3 geochemical index X-section anomalies define 6593100mN priority VHMS
Slide 4: Wongan Hills: Prospective structural/stratigraphic setting – air core drill anomalies
Wongan Hills I Prospective structural/stratigraphic setting – air core drill anomalies For personal use only • Interpreted Major N-S fault. ?FAULT • Significant copper +/- multi-element trend in weathered bedrock, open in both directions along strike • 1m @ 3.72% Cu with 0.3 g/t Au, 28 ppm Ag (chalc
Slide 5: Wongan Hills: Prime drill target – down-dip of air core anomalies
Wongan Hills I Prime drill Target 1 – Down-dip of air core anomalies 6593100mN For personal use only Target Area 2 Target Area 1 © Cullen Resources Limited I www.cullenresources.com.au 5
Slide 6: Wongan Hills: Prime drill target – interpreted footwall lithologies
Wongan Hills I Prime drill Target 2 – interpreted footwall lithologies 6593100mN For personal use only Target Area 2 © Cullen Resources Limited I www.cullenresources.com.au 6
Slide 7: North Tuckabianna project area regional structure
Project Area on N. Tuckabianna regional For personal use only scale structure
Slide 8: North Tuckabianna: Murchison, W.A. Cu-Zn-Ag-Au VHMS prospectivity
North Tuckabianna I Murchison, W.A. : Cu-Zn-Ag-Au VHMS prospectivity For personal use only • North along the “Tuckabianna Gold Trend”, • On-strike of the Hollandaire copper resource (see ASX:CYM, 18-7-2019) . • Large tracts of prospective stratigraphy and strike extensive shear zones. • Targets alon
Slide 9: North Tuckabianna: Cullen's targets along strike of Colonel prospect
North Tuckabianna I Cullen’s Targets along strike of Colonel prospect For personal use only • VHMS targets along strike of Colonel prospect include untested DHEM anomalies • Weak, untested VTEM anomalies overlie keel of interpreted synform • Pyritic horizon and VTEM- DHEM anomalies may be on same st
Slide 10: Mt Eureka Project JV: Renewed exploration for gold and nickel
Mt Eureka Project JV I Renewed exploration for Gold and Nickel • Mt Eureka project , NE Goldfields - extensive For personal use only reconnaissance drill program across the JV area is set to commence in April 2020 (ASX: RXL 31 Jan. 2020). • underexplored for gold, and nickel sulphide deposits. • Pro
Slide 11: Mt Eureka Project JV: Results to date invite further drilling for Au
Mt Eureka Project JV I Results to date invite further drilling for Au For personal use only • Gold within the Mt Eureka project is localised by a set of major fault zones (or Breaks) as evident in other greenstone belts in the North Eastern Goldfields of W.A. (such as Yamarna), and elsewhere in Arch
Slide 12: New Project: Penny West-type gold targets, South-East of Youanmi
New Project I Penny West-type gold targets - South-East of Youanmi • Penny West Deposit - Spectrum For personal use only Metals Limited (ASX : SPX) has reported their JORC 2012 total resource estimate of 799,000t @ 13. 8 g/t Au for 355,500 ozs (ASX: 31/1/2020) – Ramelius (ASX: RMS) announced takeove
Slide 13: New Project: Cullen's Penny West-type gold targets
New Project I Cullen’s Penny West-type gold targets For personal use only • Targeting sheared contacts of greenstone/amphibolite bodies (up to ~ 5km in length) with sheared MAJOR SHEAR ZONE granodiorite, for Penny West-type lodes • Soil sampling proposed See field in the first instance. photo • Path
Slide 14: New Project: Penny West-type gold targets (field check)
New Project I Penny West-type gold targets (field check – ELA 77/2606) For personal use only • Targeting sheared contacts of greenstone/amphibolite Within zone bodies (up to ~ 5km in of magnetic length) with sheared granodiorite, for Penny contact West-type lodes Amphibolite along magnetic Intercala
Slide 15: New Project: Bromus South – Au prospect on major structural contact
New Project I Bromus South – Au prospect on major structural contact For personal use only HISTORICAL CHALICE GOLD MINE NORSEMAN Targeting shear-zone hosted gold mineralisation over ~7km of strike © Cullen Resources Limited I www.cullenresources.com.au 15
Slide 16: New Project: Bromus South – numerous targets/aeromagnetics interpretation
New Project I Bromus South – Numerous targets/aeromagnetics interpretation For personal use only gold mineralisation over ~7km of strike Targeting shear-zone hosted Gold Targets : RED priority 1; then orange to green. © Cullen Resources Limited I www.cullenresources.com.au 16
Slide 17: New Project: Finland – Central Lapland Greenstone Belt (Cu-Au)
New Project I In Finland – Central Lapland Greenstone Belt (Cu-Au) For personal use only • Application for an Exploration Permit (“Katajavaara”), • Central Lapland Greenstone Belt of northern Finland. • Adjoins S2 Resources Ltd’s (S2R) Aakenusvaara Exploration Permit to the east along strike - from
Slide 18: In Summary
Cullen’s projects include a number In addition, Cullen has: made new EL of compelling targets for base applications (~350km2 in total) in the IN SUMMARY metals and gold in highly region south-east of the Penny West For personal use only prospective terranes: gold deposits to explore interpreted shea
Slide 19: 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
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