Cullen Resources Limited · ASX:CUL
Cullen Resources — Investor Presentation (March 2021)
20 slides from Cullen Resources's investor presentation, Mar 22, 2021
Slide 1: Investor Presentation: What's New & What's Next
ASX: CUL INVESTOR For personal use only PRESENTATION What’s New & What’s Next Chris Ringrose, Managing Director March 2021 Greenfields Exploration – Bush & Paddock © Cullen Resources Limited I www.cullenresources.com.au 1
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: Corporate Snapshot
Cullen Resources Limited – Corporate SnapshotI For personal use only April 2020 3c • GREENFIELDS EXPLORER 1c March 2021 • PROJECT GENERATOR • FOCUS IN WA NEXT UP : • EYE ON FINLAND • DRILL TESTING EM CONDUCTORS (VHMS) • MAPPING GEOCHEM. ANOMALIES (GOLD) • PROSPECTIVITY ANALYSIS (Ni-Cu-PGE) © Cullen
Slide 4: Project Areas in Focus: Geochem, EM and Structural Targets
3 Project Areas in Focus I Geochem., EM and/or Structural Targets For personal use only WONGAN HILLS – Wheatbelt, ~200km NE of Perth Strong FLEM conductor with coincident Au and Ag anomalies – targeting VHMS ; and ? ultramafic corridor – targeting Ni-Cu-PGE. BARLEE – SE of Youanmi Positive first
Slide 5: ~200km NE of Perth – Regional Exploration Hot Zone
Wongan Hills Project I ~200km NE of Perth – Regional Exploration “Hot Zone” For personal use only Berkshire Valley ASX: TRT Regional Bindi Bindi Regional Magnetics Gravity Image Mt Yule, ASX:LTR Image CPN Wongan Hills Greenstone Belt ~150km Julimar Belt ASX:CHN © Cullen Resources Limited I www.culle
Slide 6: Significant laterite anomaly – copper sulphides in drilling
Wongan Hills I Significant laterite anomaly – copper sulphides in drilling View along cluster 1 from NNW For personal use only Multiple clusters and trends of interpreted 5 bedrock conductors 1 Coincident with 3 significant CHI-3* geochemical index Wongan 4 Rupert anomalies to define Prospect Pr
Slide 7: Bedrock Cu Anomalies in Stratigraphic Corridor with Metasediments
Wongan Prospect I Bedrock Cu Anomalies in Stratigraphic Corridor with Metasediments For personal use only Anomalous “Chert” & VTEM anomaly – at 19WAC65 RC drill hole test & DHEM planned below 19WAC64 © Cullen Resources Limited I www.cullenresources.com.au 7
Slide 8: Step-back Drilling to Follow
Wongan Hills Project I Wongan Prospect - Step-back Drilling to Follow For personal use only Anomalous air core bedrock Cu + high Ag, Bi, Mo and W levels Strongly reflecting CHI-3* Index Follow-up drilling anomalies in overlying laterite along prospective corridor to south Deeper RC drilling +
Slide 9: 20WHD001 – Alteration and Sulphides
Wongan Prospect I 20WHD001 – Alteration and Sulphides (ASX:CUL,15-7-20) 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 cha
Slide 10: Rupert Prospect – Target horizon, Positive Pathfinders for VHMS
Wongan Hills Project I Rupert Prospect – Target horizon, Positive Pathfinders for VHMS. For personal use only RC3 VTEM Image and EM plates Up to : C2 15m @ 1ppm Ag 2.8 ppm Bi 101 ppb Au 822 ppm Cu C1 1354 ppm Zn 25 ppm Sb RC4 (5m composites) Recent FLEM © Cullen Resources Limited I www.cullenresourc
Slide 11: Rupert Prospect – New EM Plate (C3), Immediately South of C1
Wongan Hills Project I Rupert Prospect – New EM Plate (C3), Immediately South of C1 For personal use only C2 – tested EM Plate – C2 EM Plate – C1 New EM Plate – C3 from FLEM C1 – partially tested C3 – planned RC Recent FLEM Traverses FLEM Image © Cullen Resources Limited I www.cullenresources.com.au
Slide 12: Rupert Prospect – C3 Conductor & Ag-Au Soil Anomalies
Wongan Hills Project I Rupert Prospect – C3 Conductor & Ag-Au Soil Anomalies For personal use only Louise © Cullen Resources Limited I www.cullenresources.com.au 12
Slide 13: VHMS RC Drilling Planned; Ni-Cu-PGE targeting underway
Wongan Hills Project I VHMS - RC Drilling Planned ; Ni - Cu - PGE targeting underway For personal use only Targeting Ni-Cu-PGE Targeting VHMS E70/4882 1km 5km © Cullen Resources Limited I www.cullenresources.com.au 13
Slide 14: Jackaby Prospect – Mag Anomalies, Potential Ni-Cu-PGE Targets
Wongan Hills Project I Jackaby Prospect – Mag. Anomalies , Potential Ni-Cu-PGE Targets For personal use only ? Chain of Ultramafic intrusions ~ 4 - 5km – 12km N of ELA5414 Wongan/Rupert Prospecting + VTEM survey to follow JACKABY PROSPECT E4882 Au Trend of possible ultramafic 50ppb Pt/4m composite –
Slide 15: Barlee Project: Penny West Type Au Targets, SE of Youanmi
Barlee Project I Penny West Type Au Targets, SE of Youanmi Geology – existing maps For personal use only Mag image showing interpreted greenstone Overlooked, Untested Cullen E77/2606 © Cullen Resources Limited I www.cullenresources.com.au 15
Slide 16: Barlee Project: Interpretation of Magnetics
Barlee Project I Interpretation of Magnetics = Greenstones + Shearing + ~50km of strike For personal use only Geology First-pass auger sampling completed over central part of E77/2606 with encouraging results – Au, Ag & pathfinder anomalies © Cullen Resources Limited I www.cullenresources.com.au 16
Slide 17: Barlee Project: Encouraging Au Targets Developing
Barlee Project I Encouraging Au Targets Developing – Auger Geochem. + Magnetic Interp. For personal use only Geology Mag image showing key geochem. targets E77/2606 Au to 11ppb Ag to 430ppb Cu, Co, Ni, Zn, 1 W, + Au, Ag + pathfinders As, Bi, Mo, Pb, 2 Te - pathfinders Ag-Au 3 © Cullen Resources Limi
Slide 18: North Tuckabianna: Hollandaire Cu-Au Type & Shear-hosted Au Targets
North Tuckabianna I Hollandaire Cu-Au Type & Shear-hosted Au Targets For personal use only Location Mag. image with interpreted structures & targets Priority focus along major Eelya Felsic complex/greenstone boundary striking NE-SW at intersection with N-S faults/shears © Cullen Resources Limited I
Slide 19: Project Portfolio - Summary
Project Portfolio - SUMMARY For personal use only Iron Ore Royalties – West Pilbara Potential future cash flow from: Wyloo, in Fortescue’s Western Hub (Eliwana) Proposed West Pilbara Iron Ore Project Drill Ready Targets: Gold – Base Metals W.A. North Tuckabianna Wongan Hills Barlee (subjec
Slide 20: Strong Investment Case: Compelling Base Metal/Gold Targets
Strong Investment Case I Compelling Base Metal/Gold Targets in Highly Prospective Terranes For personal use only Wongan Hills Mt Eureka JV Directors RC drilling to test strong EM Rox progressing exploration Dr Chris Ringrose, MD conductor at Rupert and previous for Au and Ni via farm-in Mr J
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