Cullen Resources Limited · ASX:CUL
Cullen Resources — Investor Presentation (June 2024)
19 slides from Cullen Resources's investor presentation, June 2024
Slide 1: Drill Ready Targets, WA & Finland plus Iron Ore Royalties
CATHO WELL CHANNEL IRON DEPOSIT ASX: CUL Drill Ready Targets, WA & Finland PLUS Iron Ore Royalties, West Pilbara Dr Chris Ringrose, Managing Director I INVESTOR PRESENTATION JUNE 2024 PRESENTATAION JUNE 2024 I © CULLEN RESOURCES LIMITED PAGE / 1
Slide 2: Disclaimer
CULLEN RESOURCES LIMITED 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 securit
Slide 3: West Yilgarn Province – Wongan Hills Greenstone Belt
WEST YILGARN PROVINCE – WESTERN AUSTRALIA Wongan Hills Greenstone Belt WA Wheatbelt Narryer Terrane PRESENTATAION JUNE 2024 I © CULLEN RESOURCES LIMITED PAGE / 3
Slide 4: Wongan Hills Greenstone Belt (WHGB) - Geology
WEST YILGARN PROVINCE – WESTERN AUSTRALIA Wongan Hills Greenstone Belt (WHGB) - Geology Targeting: Intrusion related Cu-Au, Ni-Cu in ultramafics & VMS base metals ▪ Basalts (amphibolites); BIF; felsic metasediments; and ultramafics ▪ Major adamellite intrusion in south-west, with trace chalcopyrite
Slide 5: Wongan Hills Greenstone Belt – Magnetics draped on gravity image
WEST YILGARN PROVINCE – WESTERN AUSTRALIA Wongan Hills Greenstone Belt – Magnetics draped on gravity image Along strike of significant copper – molybdenum resource (Caravel – ASX:CVV) Circular gravity high/magnetic low, cored by major hydrothermally-altered adamellite with trace chalcopyrite ▪ New r
Slide 6: Wongan Prospect WHGB – Geochemical anomalies
WEST YILGARN PROVINCE – WESTERN AUSTRALIA Wongan Prospect WHGB – Geochemical anomalies Untested Ag BLEG anomalies ? from granitoid intrusions at depth Single diamond hole, WHDH001 intersected chalcopyrite-pyrite, sphalerite in quartz-albite chlorite-garnet alteration bands WHDH001 ▪ Major geochemica
Slide 7: Wongan Prospect WHGB – Model for Cu-Au mineralisation
WONGAN HILLS PROJECT – WESTERN AUSTRALIA Wongan Prospect WHGB Model for Cu-Au mineralisation WHD001 150m Clast of ?Cu-Au pyrrhotite-pyrite- chalcopyrite (125.6m) Clast of pyrrhotite, veinlet with Pegmatite Targets ? chalcopyrite (62.0m) Schematic – x section PRESENTATAION JUNE 2024 I © CULLEN RESOUR
Slide 8: New IP drill target – Wongan Prospect
WONGAN HILLS PROJECT – WESTERN AUSTRALIA Wongan Hills Greenstone Belt New IP drill target – Wongan Prospect ▪ A strong chargeability anomaly towards the Resistivity centre of the IP line ▪ Directly overlies an ultramafic – mafic sediment contact IP line ▪ Ultramafic horizon marked by ~3km trend Char
Slide 9: New IP drill target – Rupert Prospect
WONGAN HILLS PROJECT – WESTERN AUSTRALIA Wongan Hills Greenstone Belt New IP drill target – Rupert Prospect ▪ Strong, chargeability anomaly with margins of low IP line Resistivity resistivity ▪ Close to the granite-greenstone boundary ▪ Coincident with Chargeability VTEM trend line Solid Geology and
Slide 10: Rupert Prospect: Eastern Margin of Greenstone Belt
WONGAN HILLS PROJECT – WESTERN AUSTRALIA Rupert Prospect: Eastern Margin of Greenstone Belt IP anomaly supported by geochem – ? Intrusions at depth IP anomaly over untested historical BLEG anomalies in felsic volcaniclastics 500m ▪ Anomalous: As; Zn; Pb; Cu; Au and Ag in air core Solid Geology Inter
Slide 11: Barlee Project
YOUANMI REGION – WESTERN AUSTRALIA Barlee Project Prospective for gold & lithium - large tenement holding, ~50km of shear zone system ▪ Venus RC (ASX:VMC) – high grade lithium discovery (up to 24m @ 1.71% Li2O) at Deep South 10km ▪ Rox Resources (ASX:RXL) – Large-scale lithium anomaly SE of Deep Sou
Slide 12: Bromus South Project
NORSEMAN PROVINCE – WESTERN AUSTRALIA Bromus South Project Gold, lithium & REE targets – similar setting to Pioneer Dome to the north ▪ Air core drilling returned a significant REE anomaly of 5m @ 9684ppm TREO in BSAC004 (composite 40-45m), with a best of 15m at 1389 ppm TREO, from 35m – within a 40
Slide 13: Spotlight on Cullen’s Iron Ore Royalties
WEST PILBARA – WESTERN AUSTRALIA Spotlight on Cullen’s Iron Ore Royalties Wyloo North and Catho Well deposits ▪ Cullen’s has two iron ore royalties over tenements close to, but not part of, the new Onslow Iron project – potential future cash flow or monetisation ▪ Mineral Resources Ltd has announced
Slide 14: Cullen – API Iron Ore Royalty
WEST PILBARA – WESTERN AUSTRALIA Cullen – API Iron Ore Royalty Potential royalty stream ▪ 1% F.O.B. royalty on any iron ore production from the Catho Well Channel Iron Deposit (CID) located towards the southern boundary of the Onslow Iron project (M08/481) ▪ Potential payer of Cullen’s royalty is AP
Slide 15: Cullen – FMG Iron Ore Royalty
WEST PILBARA – WESTERN AUSTRALIA Cullen – FMG Iron Ore Royalty Potential royalty stream ▪ 1.5% F.O.B. royalty on up to 15 Mt of iron ore production from the Wyloo Project tenements, including M47/1567, part of Fortescue’s Eliwana project ▪ Plus $900,000 if and when a Onslow decision is made to comme
Slide 16: Finnish JV Project
NORTHERN FINLAND – GOLD-COPPER Finnish JV Project Locations of the six granted exploration permits ▪ Cullen 30% – Capella 70% ▪ Adjacent to highly mineralised Sirkka Thrust SIRKKA THRUST ▪ 6 exploration permits ▪ Priority Cu-Au target at Killero East (BoT anomalies) – drilling anticipated Dec Qtr 24
Slide 17: Drill Ready Targets
CULLEN RESOURCES Drill Ready Targets Cu-Au, base metal, gold, REE & lithium LOCATION PROJECTS, JV’S & ASSETS Wongan Hills (90%), West Yilgarn Province Barlee (100%), SE of Youanmi Drill-Ready Targets W.A. Bromus (100%), SW of Norseman North Tuckabianna (100%), Cue Project Generation / Narryer, NW W.
Slide 18: Corporate Snapshot
CULLEN RESOURCES Corporate Snapshot New discovery opportunities ✓ Greenfields Explorer ✓ Project Generator ✓ Focused in WA ✓ JV’s in WA & Finland Dr Chris Ringrose, Managing Director Directors John Horsburgh, Chairman Wayne Kernaghan, Company Secretary Perth Capital + Associates ~ 13% Major Director
Slide 19: Further information & ASX releases for 2023-2024
Further information & ASX releases for 2023-2024 Soil and rock assays highlight 26.10.23 Share Purchase Plan Documentation 3.2.2023 lithium prospectivity, Barlee Quarterly Report for the period 28.6.23 Investor Presentation 27.10.23 ending 30 September 2023 Quarterly Report for the period 8.11.23 Ex