Slide 1: Investor Presentation – June 2015
For personal use only DRILL READY TARGETS WEST PILBARA FARM‐OUT FOR Au and Ni IRON ORE RESOURCES OPPORTUNITIES FOR Cu and W INVESTOR PRESENTATION‐ June 2015 Chris Ringrose – Managing Director Cullen Resources Limited
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's Project Portfolio – Key Elements
CULLEN’S PROJECT PORTFOLIO – 4 KEY ELEMENTS For personal use only IRON ORE 1 RESOURCE DRILL TARGETS ‐ 2 NICKEL SULPHIDES AND GOLD 4 TARGET 3 GENERATION Cullen Resources Limited
Slide 4: Cullen's Project Portfolio – Resources and Drill-Ready Targets
CULLEN’S PROJECT PORTFOLIO – RESOURCES AND DRILL‐ READY TARGETS For personal use only NEW RESOURCE ‐ 161Mt @ 54 54.4% 4% Fe 1 March 2015 ‐ FS in progress MT STUART IRON ORE JOINT VENTURE GROUND EM COMPLETED, 2 TWO NEW BEDROCK CONDUCTORS AT AK47 Ni PROSPECT FOR FOLLOW‐UP 4 DRILL READY TARGETS 3 FOR A
Slide 5: Location of Projects
LOCATION OF PROJECTS For personal use only 6 Joint Ventures Managed by others Cullen Resources Limited
Slide 6: Proposed West Pilbara Iron Ore Project (WPIOP – Stage 1)
PROPOSED WEST PILBARA IRON ORE PROJECT (WPIOP – Stage 1) For personal use only Cullen has a key stake (30% contributing interest) in the Mt Stuart Iron Ore JV (MSIOJV) as part of the proposed WPIOP – Stage g 1 (40Mtpa) ( p ) Entry of Baosteel with Aurizon adds momentum to development scenario for WP
Slide 7: Catho Well CID Ore – Al2O3 and P Levels Attractive for Blending
CATHO WELL CID ORE – Al2O3 and P LEVELS ATTRACTIVE FOR BLENDING For personal use only MSIOJV owns Catho Well CID now API ‐ shareholders via APIJV are: 161Mt @ 54.40% Fe (ASX : 10 March 2015) Baosteel ‐ major Chinese steel producer Aurizon ‐ major Australian infrastructure Cullen ‐ 30% owner of Catho
Slide 8: JV with Fortescue for Bedded Iron Deposits, West Pilbara
also...JV WITH FORTESCUE FOR BEDDED IRON DEPOSITS (BID) ,WEST PILBARA For personal use only Cullen Resources Limited
Slide 9: NE Yilgarn: Frontier Greenstone Belts for Gold and Nickel
NE YILGARN : FRONTIER GREENSTONE BELTS FOR GOLD AND NICKEL For personal use only CULLEN’S MT EUREKA PROJECT AMONGST BELT OF ACTIVE EXPLORATION AND DISCOVERIES – GRUYERE (Au) – ASX:GOR ROSIE (Ni) – ASX:DKM CAMELWOOD (Ni) – ASX:RXL JULIUS (Au) – ASX;EAR HORSE WELL (Au) – ASX: AYR/DRM Cullen Resources
Slide 10: Mt Eureka – Drill Ready Prospects for Gold and Nickel
MT EUREKA – DRILL READY PROSPECTS FOR GOLD AND NICKEL For personal use only NICKEL “AK47” pprospect p and ~40 strike km of ultramafics adjoining and north of Camelwood nickel sulphide discovery (Rox Resources) GOLD Southern to Grafs Find prospects‐ structural complexity, interpreted intrusives, geoc
Slide 11: Mt Eureka Project Area – Airmag and Geology
MT EUREKA PROJECT AREA – AIRMAG AND GEOLOGY AK 47 Nickel For personal use only Prospect A3 Cullen targets (for ground EM) Central Ultramafic Cullen tenement boundary Package Cullen prospects Rox Resources (VTEM anomaly/ Ni prospect/Ni deposit) Fault Shear Dolerite dyke (Proterozoic) Granitoid Gneiss
Slide 12: Irwin Well Target Area – Nickel
IRWIN WELL TARGET AREA – NICKEL Western Ultramafics For personal use only Central Ultramafics Targeting Basal Contact Eastern Ultramafics Nickel prospects (Rox Resources) Proposed RC drilling (west of 103) Proposed Air core traverses Previous Drilling (Cullen) Target 1 - Basal Contact of Central Ult
Slide 13: AK47 Target Area – Nickel
AK47 TARGET AREA ‐ NICKEL For personal use only PREVIOUS DISCOVERY AT AK47 PROSPECT – 0.2M 0 2M @ 1 1.93 93 % Ni Ni, 0.42% 0 42% Cu Cu, 0.7 g/t Pt+Pd (Hole GBD2) MASSIVE SULPHIDE ? REMOBILISED FROM NEARBY SOURCE KOMATIITE Cullen Resources Limited
Slide 14: AK47 New Ground EM Survey Completed
AK47 NEW GROUND EM SURVEY COMPLETED For personal use only GBD 2‐7 New ground EM survey completed – 2 x 1km VTEM Conductor AK47 Possible off-line MLTEM Conductor Completed new Ground EM survey 2003 MLTEM lines (WMC) Cullen Resources Limited
Slide 15: Nickel: AK47 Prospect – Schematic Cross Section
NICKEL: AK47 PROSPECT ‐ SCHEMATIC X SECTION Re‐mobilised Re mobilised “pinch pinch out” massive sulphides For personal use only (Cu, PGE rich) GBD4 0.2m @ 1.79% Ni, 0.19% Cu, 0.66g/t Pt+Pd GBD5 0.05m @ 0.94% Ni 0 05% Cu, 0.05% Cu 3.42 3 42 g/t Pt+Pd PRIME TARGET: Channel facies “ore prism” ? Along s
Slide 16: AK47 and AK47 East – Two Nickel Sulphide Target Trends
AK47 and “AK47EAST” ‐ TWO NICKEL SULPHIDE TARGET TRENDS For personal use only Anomalous LAG LAG SAMPLE SAMPLE Pt 57ppb, Pd 12 ppb Recentt ground R d EM – 2 x 1km – two new bedrock Ni > 1% over 0.1‐0.2m conductors in holes GBD 2,3 and 4 for drilling testing Area of historic drilling - GBD 2‐7 (GBD2-7
Slide 17: Nickel: AK47 Area Proposed RC Drilling
NICKEL: AK47 AREA PROPOSED RC DRILLING LINE 7057410mN LINE 7058300mN For personal use only MODEL 1 – strike t ik extent t t 60 60m, MODEL 2 – strike t ik extent t t 60 60m, depth extent ~200‐250m, depth extent ~280‐330m, dip 30‐60° east ‐ dip 30‐60°east ‐ AK47 trend On “AK47 EAST” trend AK47 EAST TW
Slide 18: Mt Eureka Gold: Southern – Grafs Find Target Area
MT EUREKA GOLD : SOUTHERN – GRAFS FIND TARGET AREA 7m @ 9.0g/t 9 0g/t Au, Au & ((Camp scale l gold ld target / structurall 9m @ 6.2g/t Au For personal use only complexity / on‐strike anomalies/cover) 7m @ 6.7g/t Au Limited drilling through transported cover Fi t priority First i it targets t t – NE
Slide 19: Mt Eureka Gold: Southern – Grafs Find Target Area
MT EUREKA GOLD : SOUTHERN – GRAFS FIND TARGET AREA For personal use only Gold prospect Nugget patches Air core anomaly trends (max Au >0.1g/t in hole) Gold target area Major north-south shears (airmag interp) Major north-east shears Linking? thrust/shear Cullen Resources Limited
Slide 20: North Tuckabianna, WA – Copper, Gold Prospects
NORTH TUCKABIANNA, WA ‐ COPPER, GOLD PROSPECTS For personal use only • Proven region for gold • Proven mineralised structure for gold ‐ (Tuckabianna Shear Zone) p • Prospective for base metal,, possibly VMS deposits • Previous exploration mostly Hollandaire shallow drilling • Hollandaire Discovery b
Slide 21: North Tuckabianna – Untested VTEM Anomalies
NORTH TUCKABIANNA – UNTESTED VTEM ANOMALIES , , For personal use only 6,982,500 mN GRANITE x Drill holes completed x Colonel x April – Sept 2012 NT 3 Cullen tenement NT1‐3 NT1 3 Strong VTEM anomaly Mt Eelya E20/714 (drilled) E20/714 Moderate VTEM anomaly EELYA FELSIC NT 1 Weak VTEM anomaly COMPLEX x
Slide 22: North Tuckabianna – Porphyry Copper Model
NORTH TUCKABIANNA – ?PORPHYRY COPPER MODEL For personal use only porphyritic PM monzonite “N‐S” and “W‐E” x sections (following slide) Cullen Resources Limited
Slide 23: North Tuckabianna Schematic Cross Section
NORTH TUCKABIANNA SCHEMATIC CROSS SECTION For personal use only PM PM Cullen Resources Limited
Slide 24: Minter Tungsten Project, Lake Cargelligo, NSW
MINTER TUNGSTEN PROJECT, LAKE CARGELLIGO , NSW For personal use only DOYENWAE upto 24m @ 0.32% WO3 from 4m (air core) MINTER Cullen Resources Limited
Slide 25: Minter
MINTER For personal use only Cullen Resources Limited
Slide 26: Summary and Cullen Corporate
SUMMARY AND CULLEN CORPORATE ASX:CUL ADVANCING EXPLORATION FOR For personal use only NICKEL AND GOLD AT 100% OWNED MT EUREKA PROJECT – DIRECTORS FRONTIER GREENSTONE BELT , Dr Denis Clarke ‐ Chairman NE YILGARN Dr Chris Ringrose ‐ MD Mr Grahame Hamilton ‐ Non Exec CULLEN PART OF PROPOSED Mr John Hors
Slide 27: Thank you
For personal use only Thank h k you Chris Ringrose 0439 843 756 cullen@cullenresources.com.au www.cullenresources.com.au ATTRIBUTION – COMPETENT PERSON STATEMENT Information in this presentation may reflect past exploration results, results and Cullen Cullen’ss assessment of exploration completed by