Slide 1: Investor Presentation
INVESTOR ASX: CUL PRESENTATION For personal use only Wongan Hills Project: VHMS Base Metals - Gold New Rupert Prospect : Drill-ready Wongan Prospect : DHEM, follow-up drilling Other 2020 targets include: Base Metals - Gold : N.Tuckabianna Gold : Barlee, South E of Youanmi Gold - Nickel : Mt Eu
Slide 2: Wongan Hills Project Location: ~200km NE of Perth and on gravity image
Wongan Hills Project I Location: ~200km NE of Perth and on gravity image For personal use only © Cullen Resources Limited I www.cullenresources.com.au 2
Slide 3: Wongan Hills Project: Currently Focused on Two Key Prospect Areas
Wongan Hills Project I Currently Focused on Two Key Prospect Areas For personal use only 1km Targeting VHMS, Golden Grove-type WONGAN deposits HILLS PROJECT E70/4882 © Cullen Resources Limited I www.cullenresources.com.au 3
Slide 4: Wongan Prospect: Bedrock VTEM Conductors / CHI-3 Index Geochem
Wongan Prospect I Bedrock VTEM Conductors / CHI-3 Index Geochem For personal use only A VTEM survey (June 2018) highlighted multiple clusters and trends of interpreted bedrock conductors 5 Priority VHMS targets – 5 conductor clusters over strike lengths of ~0.4 to 1.5km 1 3 coincident with signi
Slide 5: Wongan Prospect: Bedrock Cu Mineralisation in Prospective Stratigraphic Corridor
Wongan Prospect I Bedrock Cu Mineralisation in Prospective, Stratigraphic Corridor For personal use only January 2019 – first pass air core drilling (47 holes for 1,940m) intersected mafics and metasediments overlain by buried laterite (ASX: CUL, 21 Feb 2019) Significant copper (> 300ppm in 5m c
Slide 6: Wongan Prospect: Hydrothermal Alteration – Petrology
Wongan Prospect I Hydrothermal Alteration – Petrology (stratigraphic corridor) For personal use only Ten samples of drill chips from Cullen’s June air core programme were examined in thin section. The petrologist’s report indicates: The most common rock in the chips examined is amphibolitised mafi
Slide 7: Wongan Prospect: DHEM in DDH and Step-back Drilling Planned
Wongan Prospect I DHEM in DDH 1 and Step-back Drilling Planned For personal use only Anomalous bedrock copper from air core drilling has high Ag, Bi, Mo, and W levels and is clearly strongly reflecting the CHI-3 Index anomalies in overlying laterite. Now deeper drilling (RC, DDH + DHEM) is a pri
Slide 8: Wongan Prospect: Diamond Core – Alteration and Sulphides
Wongan Prospect I Diamond Core – Alteration and Sulphides (see ASX:CUL,15 July) Section of For personal use only foliated metapelite with quartz+albite+ pyrite±pyrrhotite± chlorite±garnet alteration zones (from ~131-135m) 20WHD001 Clast of Clast of pyrrhotite, pyrrhotite / veinlet with /chalcopyrite
Slide 9: Rupert Prospect: Line of VTEM Conductors & Favourable Stratigraphy
Rupert Prospect I Line of VTEM Conductors & Favourable Stratigraphy For personal use only Targeting 1km VHMS, Golden Grove-type deposits VTEM CONDUCTORS © Cullen Resources Limited I www.cullenresources.com.au 9
Slide 10: Rupert Prospect: Ground EM Conductors Confirm VTEM Responses
Rupert Prospect I Ground EM Conductors Confirm VTEM Responses For personal use only Two fixed loop TEM ground EM surveys – TX1 and TX2 (ASX: CUL 22 June) Two modelled EM plates (red square and rectangle) dip at ~40° to the west No outcrop in paddocks, some float on margins – banded cherts and
Slide 11: Rupert Prospect: Historical Au & Ag BLEG Soil Anomalies, Geology
Rupert Prospect I Historical Au & Ag BLEG Soil Anomalies, Geology For personal use only Contours of BELG Au and Ag values, Interpreted bedrock geology, BLEG Au conductivity image and ground EM plates contours and ground EM plates © Cullen Resources Limited I www.cullenresources.com.au 11
Slide 12: Rupert Prospect: Ground EM Conductors and Cullen Au, Cu Geochem. anomalies
Rupert Prospect I Ground EM Conductors and Cullen Au, Cu Geochem. anomalies For personal use only © Cullen Resources Limited I www.cullenresources.com.au 12
Slide 13: Barlee Project: Penny West-type Gold Targets – SE of Youanmi
Barlee Project I Penny West - type Gold Targets – SE of Youanmi For personal use only Mag interp. Geology © Cullen Resources Limited I www.cullenresources.com.au 13
Slide 14: Barlee Project: Penny West-type Gold Targets
Barlee Project I Penny West - type Gold Targets For personal use only Targeting sheared contacts of greenstone bodies (up to ~ 5km in length) and within sheared granodiorite, for Penny West-type lodes Key exploration criteria will include Penny - type pathfinder elements : As, Ag, Cu, Pb, Zn, Bi
Slide 15: Mt Eureka Project JV: Gold and Nickel Sulphide Prospectivity
Mt Eureka Project JV I NE Goldfields, W.A. – Gold and Nickel Sulphide Prospectivity Area of recent For personal use only exploration Regional nickel sulphide exploration has recently been reported by Rox with VTEM surveying and air core drilling JV tenement completed (ASX:RXL,4 June). E2002 5 EM con
Slide 16: North Tuckabianna: Gold and base metals prospectivity
North Tuckabianna I Gold and base metals prospectivity For personal use only © Cullen Resources Limited I www.cullenresources.com.au 16
Slide 17: Cullen's Strategy & Project Portfolio
Cullen’s Strategy & Project Portfolio For personal use only Cullen has 4 complementary components to its portfolio – the results of its successful 1 IRON ORE ROYALTIES + 3 Project Generator/Incubator – WEST PILBARA Exploration Strategy 1. Iron Ore Royalties - borne out of JV’s with Aquila DRILL READ
Slide 18: Targets: Geochem Anomalies – Air Core Intersections – Major Structures
6 Targets I Geochem Anomalies – Air Core Intersections – Major Structures 1 WONGAN HILLS For personal use only Air core copper sulphides – VTEM anomalies – major laterite anomaly 2 NORTH TUCKABIANNA, near Cue DHEM anomalies, air core copper/gold anomalies, major structures and prospect trends 3 BROM
Slide 19: In Summary
In Summary For personal use only Cullen’s project portfolio includes At Mt Eureka JV where Rox will Directors a number of compelling targets progress exploration for gold and Dr Chris Ringrose, MD for base metals and gold in highly nickel via their new farm-in; and, Mr John Horsburgh, Chairman
Slide 20: 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