Cullen Resources Limited · ASX:CUL
Cullen Resources — Investor Presentation (April 2008)
30 slides from Cullen Resources's investor presentation, Apr 10, 2008
Slide 1: Investor Presentation – April 2008
For personal use only INVESTOR PRESENTATION – APRIL 2008 Cullen Resources Limited Melanie Anne Gold Prospect, Coolgardie
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: Cullen Fundamentals
CULLEN FUNDAMENTALS For personal use only y Directors Dr Chris Ringrose (Managing Director) Dr Denis Clarke (Chairman) Wayne Kernaghan (Company Secretary) John Horsburgh (Director) Grahame Hamilton (Director) y Number of shares – ~555M with 16M unlisted options y Cash - ~$8M ASX Code = CUL y Major s
Slide 4: Cullen Report Card - 2007
CULLEN REPORT CARD - 2007 For personal use only 9 PROJECT PROTFOLIO ENHANCED – COMMODITY AND GEOGRAPHIC SPREAD INCREASED 9 INCREASE IN ASSET VALUE – IRON ORE RESOURCE DEFINITION 9 EXPLORATION TEAM STRENGTHENED - Dr Matt Cornelius 9 FOCUSED EXPLORATION EXENDITURE ON NEW 100% PROJECTS 9 HIGH LEVEL OF
Slide 5: Performance
, PERFORMANCE For personal use only Multi-commodity search Current Price – 12c (26-3-08) throughout Australia Discovery-driven , mainly greenfields project generation Farm-out strategy in tandem with project generation Competitive edge through geochemical expertise - Dr Matt Cornelius – Chie
Slide 6: Key Asset - Mt Stuart Iron Ore JV
KEY ASSET - MT STUART IRON ORE JV For personal use only AN INTEGRAL PART OF THE WEST PILBARA IRON ORE PROJECT
Slide 7: Mt Stuart Iron Ore JV – Location & Current Infrastructure
Mt Stuart Iron Ore JV – Location & Current Infrastructure For personal use only
Slide 8: Mt Stuart Iron Ore JV
MT STUART IRON ORE JV For personal use only Mt Stuart JV (Cullen 30% - API 70%) owns 79.5Mt @ 55.3% Fe – Catho Well CID Part of West Pilbara Iron Ore Project Managed by API = 50:50 Aquila Resources Ltd and AMCI Investments Pty Ltd WPIOP TOTAL CID RESOURCES = 430Mt @ 56.9% Fe (Channel Iron Deposits –
Slide 9: Mt Stuart Iron Ore JV – Catho Well Channel Iron Deposit
MT STUART IRON ORE JV For personal use only Catho Well Channel Iron Deposit
Slide 10: West Pilbara Iron Ore Project – CID Resource Areas
West Pilbara Iron Ore Project – CID Resource Areas For personal use only Red Hill West Cardo Bore Mt Stuart Catho Well 79.5Mt @ 55.34%Fe Total CID Resources API-Red Hill-Cullen 430Mt @ 56.86%Fe
Slide 11: Active Exploration via Joint Ventures
ACTIVE EXPLORATION VIA 10 JOINT VENTURES For personal use only API (Fe) – West Pilbara, WA BHP Billiton (Ni) – NE Goldfields, WA (2) Minotaur (Au-Cu) – near Mt Isa, Qld EXPLORATION Hannans (Ni-Au) – Forrestania, WA MANAGED BY FMG (Fe) – Wyloo and Paraburdoo, WA PARTNERS Thundelarra (U) – Ashburton,
Slide 12: Ashburton and West Pilbara JV Projects
Ashburton and West Pilbara JV Projects For personal use only Catho Well - 79.5Mt @ 55.34% Fe
Slide 13: Tunnel Creek – JV with Thundelarra
Tunnel Creek – JV with Thundelarra For personal use only Uranium Channel Radiometrics
Slide 14: NE Goldfields Projects – Nickel JVs and Gold (100%)
NE Goldfields Projects – Nickel JV’s and Gold (100%) For personal use only
Slide 15: Gunbarrel BHP Billiton JV - Nickel
Gunbarrel BHP Billiton JV - Nickel For personal use only N 2007 RC Extensive Drilling untested ultramafic stratigraphy “AK47 Prospect” GBD2 – 0.2m @ 1.93% Ni, 0.42% Cu, 0.7g/t Pt+Pd Within 0.65m @ 0.9% Ni, 18km 0.2% Cu, 0.45 g/t Pt+Pd
Slide 16: Forrestania Project - Ni
FORRESTANIA For personal use only PROJECT - Ni Hannans Reward – 80% Cullen 20% free carried Geochem and air core planned 12km north of Western EM in progress Areas’ RC test planned Flying Fox nickel deposit EM ANOMALIES – “TN1”
Slide 17: Generating New Targets – Cullen 100%
GENERATING NEW TARGETS – CULLEN 100% 9GOLD For personal use only Gunbarrel (drilling planned) – NE Goldfields, WA Agnew (drilling planned) – NE Goldfields, WA Coolgardie (3m @ 60.6 g/t Au, follow-up drilling planned) – Eastern Goldfields, WA 9 URANIUM Amadeus Basin, NT (Traditional Owner negotiation
Slide 18: Gunbarrel
Gunbarrel For personal use only New target corridor for gold (12 x 3 km) marked by gold nugget finds and geochem anomalies in laterite. Gunbarrel greenstone belt lies between two major Au provinces - Yandal in the west and Duketon in the east
Slide 19: Gunbarrel – New prospect area for gold targeted
Gunbarrel – New prospect area for gold targeted For personal use only Cullen 100% rights Quartz Fe oxides Disseminated gold 1cm
Slide 20: Agnew Project – Uranium and Gold Targets
Agnew Project – Uranium and Gold Targets For personal use only N 5km Palaeochannel for calcrete-hosted uranium targets Gold targets on greenstone stratigraphy (from aeromagnetics interpretation)
Slide 21: Coolgardie Gold Project, WA – Cullen option for 100%
Coolgardie Gold Project, WA – Cullen option for 100% For personal use only
Slide 22: High grade gold hits at Melanie Anne
High grade gold hits at “Melanie Anne” For personal use only COOLGARDIE PROJECT - AERIAL PHOTO
Slide 23: Melanie Anne Prospect, Coolgardie
: 1m @ 16 g/t Au ‘ ee if ep er : 2m @ ft. 15 gf Au 2 go @ 1 saasen] oaenes e MELANIE ANNE PROSPECT, COOLGARDIE Gold Targets & Selected Historical Drill Intersections Historical drill hole with shallow intersection Cullen holes drilled Feb 2008 Cullen tenement TARGETS @ Shale +/- quartz vein @ q ® Se
Slide 24: North East Goldfields Uranium Projects – Cullen 100%
North East Goldfields Uranium Projects – Cullen 100% For personal use only
Slide 25: Stirling Uranium
Stirling Uranium For personal use only Uranium geochemical anomalies on trend from Maitland deposit – ready for drill testing in coming months
Slide 26: Possible Carbonatite - NE Goldfields, WA
Possible Carbonatite - NE Goldfields,WA For personal use only AEROMAGNETIC ANOMALIES – drill test, possible Rare Earth bearing intrusive Plan to drill current Quarter - awaiting drill rig
Slide 27: Amadeus Basin – Tenement Application/Previous work
Amadeus Basin – Tenement Application/Previous work For personal use only 20kilometres
Slide 28: Amadeus Basin – Tenement Application/Previous work
Amadeus Basin – Tenement Application/Previous work For personal use only Meeting on site with Traditional Owner’s planned for this quarter 2008 20kilometres
Slide 29: Onwards and Upwards in 2008
For personal use only Cullen Resources Limited Onwards and Upwards in 2008
Slide 30: For personal use only
For personal use only Baseline 79Mt @ 55.34% Fe environmental studies
Cullen Resources — Investor Presentation (April 2008) on 6ix