Cullen Resources Limited · ASX:CUL
Cullen Resources — Shareholder Meeting (October 2018)
22 slides from Cullen Resources's shareholder meeting presentation, Oct 23, 2018
Slide 1: Targeting Golden Grove-type VHMS Deposits at Wongan Hills, W.A.
For personal use only Targeting Golden Grove - type VHMS Deposits at Wongan Hills, W.A. Chris Ringrose – Managing Director I October 2018
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: Wongan Hills
For personal use only WONGAN HILLS
Slide 4: Favourable Location
Wongan Hills I Favourable Location For personal use only Cullen holds 90% of The tenure covers mostly granted EL 70/4882 (145 freehold private farmland sq. km) and ELA 70/5162 which will necessitate the (26 sq. km) with Tregor Pty signing of compensation Ltd (10%). agreements (currently being develo
Slide 5: Known Au - Base Metal Mineralisation
Wongan Hills I Known Au - Base Metal Mineralisation For personal use only The WH region offers a prospective geology with interpreted BIFs, mafic and felsic volcanics and It is also notable that numerous known Caravel Minerals‟ Calingiri prospects and Cu-Pb-Zn- Project, lies just ~15-20 km Ag-Au min
Slide 6: Golden Grove vs. Wongan Hills Greenstone Belts
Golden Grove vs. Wongan Hills Greenstone Belts For personal use only Golden Grove and the Wongan Hills projects are both located in Archaen greenstone belts, Yilgarn Block ,W.A. Core of several overlapping geochem. anomalies: Sn, Au, Ag, Cu and others. GOLDEN GROVE 20km WONGAN HILLS 5km Aeromagnetic
Slide 7: Golden Grove vs. Wongan Hills Laterite Geochem. | CHI-3 Index
Golden Grove vs. Wongan Hills Laterite Geochem. I CHI-3 Index For personal use only Cullen‟s laterite samples from Wongan Hills, show tin (Sn) levels as high as the best anomalies at Gossan Hill deposit at Golden Grove, W.A. (117 vs. 95ppm). The “CHI-3” geochem. index for laterite samples at WH also
Slide 8: Conclusions – Geochem.
Wongan Hills I Conclusions – Geochem. For personal use only In summary, the Wongan Hills Project lies within an Archaean greenstone belt with known Cu-Au mineralisation and is in Cullen's opinion, a very favourable setting for the location of a Golden Grove-type, Volcanic-Hosted Massive Sulphide dep
Slide 9: Helicopter-borne VTEM survey
Wongan Hills I Helicopter-borne VTEM survey For personal use only To further investigate the area of multiple geochem. anomalies, Cullen flew an Airborne EM survey in June 2018. © Cullen Resources Limited I www.cullenresources.com.au 9
Slide 10: Geophysical Survey centered on geochem. anomalies
Wongan Hills I Geophysical Survey centered on geochem. anomalies For personal use only The helicopter-borne VTEM survey was centred on geochem. anomalies and comprised : 266 line km; 150m line Boundary of VTEM spaced – preliminary data interpretation received. E70/4882 Main CHI – 3 geochem. © Cullen
Slide 11: VTEM results on mag. image
Wongan Hills I VTEM results on mag. image For personal use only Core of several overlapping geochem. Multiple interpreted anomalies: bedrock conductors at Wongan Hills project Sn, Au, Ag, Cu and others, site of VTEM survey 5km__ © Cullen Resources Limited I www.cullenresources.com.au ‹#›
Slide 12: Bedrock Conductors overlain on CHI-3 Index geochem.
Wongan Hills I Bedrock Conductors overlain on CHI-3 Index geochem. View along cluster 1 from NNW For personal use only The VTEM results highlight multiple clusters and trends of interpreted 5 bedrock conductors. In particular, five clusters of interpreted bedrock conductors, 1 3 over strike lengths
Slide 13: Prioritised bedrock conductor trends
Wongan Hills I Prioritised bedrock conductor trends For personal use only 5 Multiple interpreted bedrock conductors at Core of several Wongan Hills project 1 overlapping geochem. anomalies: 1-5: Prioritised 4 Sn, Au, Ag, Cu and others, interpreted bedrock 3 site of VTEM survey conductors/CHI-3 anoma
Slide 14: Cullen's Project Portfolio
Wongan Hills in Cullen’s Project Portfolio For personal use only Cullen has 4 IRON ORE components to 1 ROYALTIES + 4 its portfolio – – WEST PILBARA/Western Hub 2 project areas it manages DRILL READY 2 TARGETS GOLD AND NICKEL PROJECT/TARGET 3 GENERATION + Royalties: with Fortescue at Wyloo; and, with
Slide 15: Mt Eureka
For personal use only MT EUREKA
Slide 16: Mt Eureka Project, NE Goldfields, W.A. – Gold and Nickel
Mt Eureka Project I NE Goldfields, W.A. – Gold and Nickel For personal use only CULLEN’S MT EUREKA ~350 km2 PROJECT ~40 km strike Cullen‟s 100% owned Mt Eureka CUL – 100% project is amongst prolific greenstone belts with long histories of exploration and discoveries yet it remains relatively underex
Slide 17: Mt Eureka Project, NE Goldfields, W.A. – Gold
Mt Eureka Project I NE Goldfields, W.A. – Gold For personal use only Gold mineralisation discovered to date is localised by a set of major fault zones (or Breaks) as evidenced by the distribution of >1.0 g/t Au in historical drilling (and not merely a reflection of the previous focus of these drilli
Slide 18: Mt Eureka Project: Drilling results to date invite further investigation
Mt Eureka Project I Drilling results to date invite further investigation For personal use only 1m/14.29 5m/12.43 10m/4.74 5m/7.84 © Cullen Resources Limited I www.cullenresources.com.au 18
Slide 19: Finland
For personal use only FINLAND
Slide 20: Finland: Korvenkyla and Vesikko Projects
Finland: Korvenkyla and Vesikko Projects I Co, Base Metals, Au Boulders of highly-altered Kumpu Group conglomerate at For personal use only Vesikko in the SW corner of the Central Lapland Greenstone Belt. Targeting gold in faults/breaks bounding this stratigraphy - see www.aurionresources.com for or
Slide 21: In Summary
IN SUMMARY For personal use only At Wongan Hills, a VTEM survey Cullen plans to drill test the has identified several clusters of anomalies at Wongan Hills, interpreted bedrock conductors subject to successfully that are coincident with compensation agreements with significant but undrilled, landown
Slide 22: Directors, Capital and Contact
DIRECTORS Dr Chris Ringrose – MD CORPORATE For personal use only Mr John Horsburgh – Chairman Mr Wayne Kernaghan – Co Sec CAPITAL Number of shares: 2598M Cash: ~ $0.43M (30/06/18) Market Cap: ~ $2.5M (@ 0.1c) Top 20: ~44% MAJOR SHAREHOLDERS Perth Capital, Wythenshawe and Associates:
Cullen Resources — Shareholder Meeting (October 2018) on 6ix