Cullen Resources Limited · ASX:CUL

Cullen Resources — Shareholder Meeting (November 2014)

16 slides from Cullen Resources's shareholder meeting presentation, Nov 21, 2014

  1. Slide 1: AGM Presentation – Cullen Resources Limited

    AGM PRESENTATION – CULLEN RESOURCES LIMITED For personal use only 21 NOVEMBER 2014 Ch i Ringrose Chris i – Managing i Director i

  2. 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

  3. Slide 3: West Pilbara Iron Ore Project – Momentum Building

    WEST PILBARA IRON ORE PROJECT – MOMENTUM BUILDING For personal use only  CULLEN HAS A KEY STAKE (30% CONTRIBUTING INTEREST) IN THE MT STUART IRON ORE JV in WPIOP‐ WPIOP‐Stage 1  ENTRY OF BAOSTEEL WITH AURIZON ADDS FURTHER CREDIBILITY TO DEVELOPMENT SCENARIO  OTHER DEVELOPMENT PARTNERS INCLUDE AMC

  4. Slide 4: Cullen's Business Case

    CULLEN’S BUSINESS CASE For personal use only • AIMING TO PARTICIPATE AS IRON ORE PRODUCER IN PROPOSED WEST PILBARA IRON ORE PROJECT (WPIOP‐Stage 1) • CULLEN’S SHARE OF PROJECTED PRODUCTION ~1.5 Mtpa for 14 YEAR MINE LIFE ‐ 2010 FS (IN CONJUNCTION WITH WPIOP‐Stage 1) • HIGHLY PROSPECTIVE EXPLORATION

  5. Slide 5: Mt Stuart Iron Ore JV Project – Cullen 30%

    MT STUART IRON ORE JV PROJECT – CULLEN 30% For personal use only Major Proposed Development in the West Pilbara by APIJV Aurizon seeking to develop an infrastructure solution for the West Pilbara ilb Iron Ore Project j – Stage 1 ‐ (a proposed 40Mtpa operation, being developed by the APIJV (Baosteel

  6. Slide 6: Catho Well CID ore – Al2O3 and P levels attractive for blended product

    Catho Well CID ore – Al2O3 and P levels attractive for blended product For personal use only Catho Well CID Cullen ‐ 30% owner of Catho Well Channel Iron deposit (CID) part of proposed WPIOP – Stage 1 in JV with API API ‐ shareholders via APIJV are: Baosteel ‐ major Chinese steel producer Aurizon ‐

  7. Slide 7: Mt Stuart Iron Ore JV – Feasibility and Project Timeline

    MT STUART IRON ORE JV – FEASIBILITY AND PROJECT TIMELINE 2015 For personal use only TRANSFORMATIONAL YEAR Revenue Generation 2014 2015 2016 from mining operations April SSep Jan SSep Feb Dec Dec une Oct Oct Mar Aug May Nov JJuly Nov M D D M Ju A N N A IFA between Baosteel, AMCI, Resource Mine‐gate s

  8. Slide 8: Mt Eureka Project – NE Goldfields, WA

    MT EUREKA PROJECT – NE GOLDFIELDS , WA YANDAL 121° HORSE WELL 122° Au N For personal use only 40 kilometres  Great address JUNDEE AK47 MT EUREKA  Still under ‐ explored at depth Wiluna CAMELWOOD  High gold and nickel potential MT COLLURABBIE FISHER DUKETON U O 27° Au + Ni  Massive nickel sulphid

  9. Slide 9: Mt Eureka: Targeting Ni Sulphides – Planned Ground EM and Drilling

    MT EUREKA : TAGETING Ni SULPHIDES ‐ PLANNED GROUND EM AND DRILLING ON RPRETATIO AK 47 Nickel k l For personal use only Prospect CAL INTER A3 GEOLOGIC Aeromagnetic Image Central Ultramafic G Package Irwin Well

  10. Slide 10: North Tuckabianna – Cullen proposes porphyry copper model

    NORTH TUCKABIANNA ‐ Cullen proposes porphyry copper model 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 shallow drilling • Hollandaire Discovery by

  11. Slide 11: North Tuckabianna – Cullen proposes porphyry copper model

    NORTH TUCKABIANNA ‐ Cullen proposes porphyry copper model For personal use only 10KM “N‐S” and “W‐E” x sections (following slide)

  12. Slide 12: North Tuckabianna – Schematic Cross Section

    NORTH TUCKABIANNA ‐ SCHEMATIC CROSS SECTION For personal use only ?PM ?PM

  13. Slide 13: Gascoyne Region – Project Generation

    GASCOYNE REGION – PROJECT GENERATION Exploration target area for graphite graphite, and Cu Cu‐Ni Ni in ultramafic plugs For personal use only (Cullen’s EL applications – 2108 and 2109) Buxton’s Yalbra Graphite Project ELA09/2108 Strong Cu‐Ni‐Zn‐Cr anomaly in historic WMC lag data ELA09/2109 Sources:

  14. Slide 14: Cullen Corporate

    CULLEN CORPORATE ASX:CUL DIRECTORS For personal use only WYTHENSHAWE Dr Denis Clarke - Chairman Dr Chris Ringrose - MD 19 8% 19.8% DIRECTORS Mr Grahame Hamilton - Non Exec 5.7% Mr John Horsburgh - Non Exec BAOSTEEL Mr Wayne Kernaghan - Co Sec 9.4% 61% AMCI CAPITAL 4.5% OTHERS  Number of shares : 10

  15. Slide 15: Investment Summary

    INVESTMENT SUMMARY  CULLEN PART OF WEST PILBARA For personal use only IRON ORE PROJECT ‐ Stage 1 VIA ITS 30% INTEREST IN CATHO WELL CID  PROJECT RE‐ENERGISED AND GAINING MOMENTUM  TARGETING UPDATE TO MINERAL RESOURCE /RESERVE ESTIMATES AT THE CATHO WELL CID (2015) ( )  SIGNIFICANT REVALUATION OF

  16. Slide 16: Thank You

    THANK YOU For personal use only 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, and Cullen’s assessment of exploration completed by past explorers, whi

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