Cullen Resources Limited · ASX:CUL
Cullen Resources — Investor Presentation (October 2021)
17 slides from Cullen Resources's investor presentation, Oct 5, 2021
Slide 1: Wongan Hills Project Investor Presentation
ASX: CUL INVESTOR PRESENTATION Chris Ringrose, Wongan Hills Project Managing Director October 2021 New Focus for Ni-Cu-PGE © Cullen Resources Limited I October 2021 I www.cullenresources.com.au 1
Slide 2: Disclaimer
Disclaimer 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 in Cullen, or as an i
Slide 3: Initial Evidence for Ni-Cu-PGE prospectivity
Wongan Hills Project > Initial Evidence for Ni-Cu-PGE prospectivity RC6 – Nickel Sulphides Occurrence An isolated RC hole testing an EM plate, has intersected an ultramafic with nickel sulphides (ASX:CUL,16-9-2021) © Cullen Resources Limited I October 2021 I www.cullenresources.com.au 3
Slide 4: Located within the Mineralised West Yilgarn Craton Margin Terrane
Wongan Hills Project > Located within the Mineralised West Yilgarn Craton Margin Terrane According to Chalice Mining*, their world-class, Julimar PGE-Ni-Cu-Co- Au discovery is located in the: “new West Yilgarn Ni-Cu-PGE province which could deliver more major discoveries.” Cullen has two projects lo
Slide 5: Located within the Mineralised West Yilgarn Craton Margin Terrane
Wongan Hills Project > Located within the Mineralised West Yilgarn Craton Margin Terrane Regional Regional Berkshire Valley Magnetics ASX: TRT Gravity Bindi Bindi Mt Yule, ASX: LTR CPN Wongan Hills Greenstone Belt ~100km Julimar Belt ASX: CHN © Cullen Resources Limited I October 2021 I www.cullenres
Slide 6: Strike-extensive, Untested Target Trend of Magnetic Anomalies
Wongan Hills Project > Strike-extensive, Untested Target Trend of Magnetic Anomalies Nickel sulphides recently discovered in RC6 at the Rupert Prospect, Wongan Hills.* Within a sinuous string of magnetic anomalies over approximately 25km of strike, along the eastern granite/ greenstone boundary and
Slide 7: Rupert Prospect – Limited RC Drilling to date has tested Ground EM plates
Wongan Hills Project > Rupert Prospect – Limited RC Drilling to date has tested Ground EM plates RC6 at Rupert tested a ground EM anomaly plate C3. RC3 tested C2. RC4, 8 & 9 tested C1. No drilling to the south of RC6 by Cullen or others along the target string of magnetic anomalies (to 6590000mN), o
Slide 8: Strike-extensive, Untested Target Trend of Magnetic Anomalies
Wongan Hills Project > Strike-extensive, Untested Target Trend of Magnetic Anomalies Nickel sulphides in RC6 are hosted in serpentinite (a metamorphosed ultramafic – the same type of host rock to the Julimar deposit in part) and here interpreted to be a komatiite. This intersection implies ultramafi
Slide 9: Rupert Trend: Geochemical Evidence - Two Discrete Au Soil Anomalies
Wongan Hills Project > Rupert Trend : Geochemical Evidence - Two Discrete Au Soil Anomalies Cullen’s soil sample data show two discrete Au anomalies along the Rupert trend – possible proxy for Ni-Cu-PGE’s. One of these anomalies surrounds RC6; there is no drill test as yet across the second anomaly,
Slide 10: Wongan Trend: Additional Discrete Au Soil Anomaly
Wongan Hills Project > Wongan Trend: Additional Discrete Au Soil Anomaly Cullen’s soil sample data also shows a discrete Au anomaly along the Wongan trend, located on the western flank of the forested hills (which includes a Nature Reserve). There is no drill test as yet across this anomaly. This an
Slide 11: Rupert Trend South: Ni-Cu Soil Anomalies + Mag add positive indications
Wongan Hills Project > Rupert Trend South : Ni-Cu Soil Anomalies + Mag add positive indications Cullen’s soil sample data also shows Cu and Ni anomalies Air Mag entirely coincident with these Image gold anomalies. The southern, untested Ni-Cu-Au soil anomaly overlies a sub- circular magnetic anomaly
Slide 12: Rupert Trend North: Historical Untested Palladium (Pd) Soil Anomalies on Mag
Wongan Hills Project > Rupert Trend North: Historical Untested Palladium (Pd) Soil Anomalies on Mag. Historical soil sample data show Air Mag Image two discrete, untested Pd anomalies north of RC6 on the Rupert trend with a maximum value of 28.9 ppb (background approximately 2-4 ppb). Both of these
Slide 13: Rupert Trend – Summary of Priority Ni-Cu-PGE Targets, 1-4
Wongan Hills Project > Rupert Trend – Summary of Priority Ni-Cu-PGE Targets, 1-4 , all in wheat paddocks 1 Targets 1 & 2 Pd soil anomaly + 2 mag +VTEM 3 Target 3 Cu-Ni-Au soil 3 anomaly and Ground EM plates surrounding RC6 Target 4 Cu-Ni-Au soil anomaly, VTEM on mag, 3km south of 4 4 RC6 © Cullen Re
Slide 14: Jackaby Ni-Cu-PGE Prospect – Evidence from Historical Drilling
Wongan Hills Project > Jackaby Ni-Cu-PGE Prospect – Evidence from Historical Drilling ? Chain of Ultramafic intrusions ~ 4 - 5km ~ 12km N of Rupert E5414 Prospect JACKABY PROSPECT E4882 Au Trend of possible ultramafic 50ppb Pt, 1250ppm Cu, 100ppm Ni, 4m intrusions east of Paynes Shaft composite, 28-
Slide 15: Summary of Ni-Cu-PGE Prospectivity
Wongan Hills Project > Summary of Ni-Cu-PGE Prospectivity Cullen has discovered a nickel sulphide - bearing ultramafic within a virtually-untested, strike-extensive (~25km) magnetic belt which includes trends of VTEM picks over discrete mag anomalies, some with Ni-Cu-Au +/- Pd soil anomalies. Ultram
Slide 16: Corporate Snapshot
Cullen Resources Limited > Corporate Snapshot Directors Greenfields Explorer Focus in W.A. Dr Chris Ringrose, Managing Director Mr John Horsburgh, Chairman Project Generator Eye on Finland Mr Wayne Kernaghan, Company Secretary Capital 4c Number of Shares 374M October 2020 Cash ~$1.4M (30/6/2
Slide 17: Strong Investment Case supporting Ni-Cu-PGE exploration
Cullen Resources Limited > Strong Investment Case supporting Ni-Cu-PGE exploration Contact: Chris Ringrose: 0439 843 756 cringrose@cullenresources.com.au www.cullenresources.com.au Photomicrographs - Bravoite © Cullen Resources Limited I October 2021 I www.cullenresources.com.au Serpentinitised ultr
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