Cullen Resources Limited · ASX:CUL
Cullen Resources — Shareholder Meeting (November 2020)
19 slides from Cullen Resources's shareholder meeting presentation, Nov 30, 2020
Slide 1: AGM Presentation
ASX: CUL For personal use only AGM PRESENTATION Chris Ringrose, Managing Director November 30 2020 © Cullen Resources Limited I www.cullenresources.com.au Click to edit Master title style I Xxxxxxxxx Greenfields exploration : Barlee Project © Cullen Resources Limited I www.cullenresources.com.au 1
Slide 2: Cullen's Project Portfolio
Cullen’s Project Portfolio For personal use only IRON ORE Potential future cash flow : 1 ROYALTIES – WEST PILBARA From Wyloo, in Fortescue’s Western Hub; and, from proposed West Pilbara Iron Ore Project.* North Tuckabianna, DRILL READY Wongan Hills, 2 TARGETS: GOLD - BASE METALS W.A. Barlee (subject
Slide 3: 6 Target Areas: Geochem Anomalies, Air Core Intersections, Major Structures
6 Target Areas I Geochem Anomalies – Air Core Intersections – Major Structures 1 WONGAN HILLS, wheatbelt For personal use only Air core copper sulphides – VTEM anomalies – major laterite anomaly 2 NORTH TUCKABIANNA, near Cue air core copper/gold anomalies, major structures and prospect trends BROMUS
Slide 4: Wongan Hills Project: Location
1. Wongan Hills Project I Location: ~200km NE of Perth, shown on gravity image For personal use only Two iron ore Royalties in the W. Pilbara © Cullen Resources Limited I www.cullenresources.com.au 4
Slide 5: Wongan Hills Project: Wongan, Louise and Rupert Prospects
Wongan Hills Project I Wongan, Louise and Rupert Prospects For personal use only WONGAN PROSPECT VTEM – air core geochem. corridor LOUISE PROSPECT Soil geochem. anomaly – lithological trend RUPERT PROSPECT VTEM – soil geochem. trend – Louise modelled EM plates – no previous drilling © Cullen Resourc
Slide 6: Wongan Hills Project: Next stage drilling two key prospect areas
Wongan Hills Project I Next stage - drilling two Key Prospect Areas, Dec and Jan 21 For personal use only 1km Targeting VHMS, Golden Grove-type WONGAN deposits HILLS PROJECT Starting RC drilling at Rupert 1/12/2020 E70/4882 © Cullen Resources Limited I www.cullenresources.com.au 6
Slide 7: Wongan Prospect: Step-back Drilling Planned
Wongan Prospect I 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. Follow-up drilling Deeper drilling (RC, DDH + DHEM) is planned
Slide 8: Wongan Prospect: 20WHD001 Alteration and Sulphides
Wongan Prospect I 20WHD001 – 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: Wongan Prospect: Bedrock Cu Mineralisation in Prospective Stratigraphic Corridor
Wongan Prospect I Bedrock Cu Mineralisation in Prospective, Stratigraphic Corridor Anomalous “Chert” and VTEM anomaly – at 19WAC56 For personal use only RC drill hole test and DHEM planned © 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: North Tuckabianna: Gold and base metals prospectivity
2. North Tuckabianna I Gold and base metals prospectivity Location use only Mag. image with interpreted structures and targets For personal Priority focus along major Eelya Felsic complex/ greenstone boundary striking NE-SW © Cullen Resources Limited I www.cullenresources.com.au 11
Slide 12: Bromus: Au prospect on major structural contact
3. Bromus I Au prospect on major structural contact (mag. images) 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 12 © Cullen Resources Limited I www.cullenresource
Slide 13: Mt Eureka Project JV: Gold and Nickel Sulphide Prospectivity
4. Mt Eureka Project JV I NE Goldfields, W.A. – Gold and Nickel Sulphide Prospectivity Area of recent For personal use only exploration Recently reported by Rox: ASX:RXL; 30 Oct 2020. • RC program 30km north of the Fisher East deposits) concluded September - 20 RC holes (for 3699m) in the search for
Slide 14: Barlee Project: Penny-type Gold Targets
5. Barlee Project I Penny West (renamed “Penny”) - type Gold Targets , SE of Youanmi For personal use only Mag image. showing interpreted greenstone Cullen E77/2606 Geology © Cullen Resources Limited I www.cullenresources.com.au 14
Slide 15: Barlee Project: ~50km of strike of unexplored shear zones
Barlee Project I Penny - type gold targets :~50km of strike of unexplored shear zones For personal use only Air core traverses planned Auger sampling program completed, assays pending. Soil sampling program planned © Cullen Resources Limited I www.cullenresources.com.au 15
Slide 16: Barlee Project: Auger Target area
Barlee Project I Auger Target area : includes quartz-veined, sheared greenstone subcrop For personal use only October field review reported prospective lithologies, in outcrop “windows” below broad cover. ~10cm © Cullen Resources Limited I www.cullenresources.com.au 16
Slide 17: Timetable of Proposed Programs
Timetable of Proposed Programs For personal use only © Cullen Resources Limited I www.cullenresources.com.au 17
Slide 18: Summary and Investment Case
Summary and Investment Case CULLEN’S PROJECTS North Tuckabianna – on-strike For personal use only from Hollandaire copper resource compelling targets for base metals Directors (Cyprium Metals ASX:CYM) – new and gold in highly prospective Dr Chris Ringrose, MD focus on major NE-SW striking terran
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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