Cullen Resources Limited · ASX:CUL
Cullen Resources — Shareholder Meeting (November 2025)
21 slides from Cullen Resources's shareholder meeting presentation, November 2025
Slide 1: AGM Presentation, November 2025
ASX: CUL ✓ Yardilla Gold Project – Targeting Tropicana lookalike? ✓ Cullen carried in 3 active JV’s PRESENTATION NOVEMBER 2025 I © CULLEN RESOURCES LIMITED AGM PRESENTATION, NOVEMBER 2025 1 DR CHRIS RINGROSE, MANAGING DIRECTOR
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: Yardilla Gold Project Regional Setting
Yardilla Gold Project Regional Setting KEY GEOLOGICAL FACTORS ▪ Eastern margin, Yilgarn craton ▪ Proterozoic meta-mafic and granite overlying Archaean ▪ Proterozoic rocks thrust over Archaean ▪ Geological setting similar to the giant Tropicana gold deposit. ▪ ~350 sq.km project area PRESENTATION NOV
Slide 4: Yardilla Gold Project: Aeromagnetic image, untested soil anomalies
Yardilla Gold Project Aeromagnetic mage Significant untested soil anomalies - aeromagnetic image o Soil Anomalies up to: 5 x 1km at >14 to 86 ppb Au at Lila and Cleanthes Only tested by Historical RAB/AC drilling to date PRESENTATION NOVEMBER 2025 I © CULLEN RESOURCES LIMITED 4
Slide 5: Yardilla Gold Project: Significant untested soil anomalies
Yardilla Gold Project Significant untested soil anomalies Aeromagnetic Images Air mag image Auger soils Red : 14-35ppb Au Auger soils Red : 14-86 ppb Au PRESENTATION NOVEMBER 2025 I © CULLEN RESOURCES LIMITED 5
Slide 6: Yardilla Gold Project: Gravity image, untested soil anomalies
Yardilla Gold Project Gravity image Significant untested soil anomalies - gravity image Soil Anomalies up to: 5 x 1km at >14 to 86 ppb Au Proterozoic Prospects (low density –purple zone) Lila Lila West Ten Mile Rocks Cleanthes PRESENTATION NOVEMBER 2025 I © CULLEN RESOURCES LIMITED 6
Slide 7: Yardilla Gold Project: ~25km of imbricate soil anomalies on thrust fault zone
Yardilla Gold Project soil anomalies on thrust fault zone Lila Three Mile 3 significant ~25km of imbricate soil anomalies thrust sheets and cross- cutting faults form the Cleanthes Yardilla *nappe within Proterozoic rocks along the Yilgarn craton margin Gravity image on air photo *Nappe: a nappe or
Slide 8: Yardilla Gold Project: Trend of gold in RAB drilling
Trend of gold in RAB drilling Yardilla Gold Project Gold in historical shallow drill tests RAB Anomalies At Lila, trend of gold in RAB anomalies parallel to ~ NE-SW structures, along the Yardilla nappe boundary PRESENTATION NOVEMBER 2025 I © CULLEN RESOURCES LIMITED 8
Slide 9: Yardilla Gold Project: Gold in historical shallow drill tests
Yardilla Gold Project Gold in historical shallow drill tests Trend of gold in RAB drilling RAB Anomalies At Cleanthes, RAB anomalies may reflect SE curving southern contact of the Yardilla nappe PRESENTATION NOVEMBER 2025 I © CULLEN RESOURCES LIMITED 9
Slide 10: Yardilla Gold Project: Exploration Model
Lila Ten Mile Rocks Cleanthes Yardilla Gold Project Soil anomalies Exploration Model Soil anomalies at Lila etc. may mark the top of Tropicana – like gold lodes PRESENTATION NOVEMBER 2025 I © CULLEN RESOURCES LIMITED 10
Slide 11: Yardilla Gold Project: Cullen RC drilling planned to follow
Cullen RC drilling planned to follow Yardilla – Gold Project requested Heritage surveying, P.O.W. approved Historical dill spoil Good access Existing tracks PRESENTATION NOVEMBER 2025 I © CULLEN RESOURCES LIMITED 11
Slide 12: Wongan Hills Greenstone Belt Regional Setting
Aeromagnetics Wongan Hills Greenstone Belt Regional Setting ▪ Just north of copper mineralisation defined by Caravel Minerals around the Wongan batholith. (ASX:CVV; 2-10-2024) ▪ Caravel: Possible porphyry-related mineralisation on batholith margin. ▪ Strong soil, laterite and drill multi-element geo
Slide 13: Wongan Hills Greenstone Belt: Three Main Sets of Faulting
Wongan Hills Greenstone Belt Three Main Sets of Faulting PRESENTATION NOVEMBER 2025 I © CULLEN RESOURCES LIMITED 13
Slide 14: Wongan Prospect: Copper-Gold Mineralisation Model
Wongan Prospect Copper-Gold Mineralisation Model Model for Cu-Au mineralisation WHD001 150m Clast of pyrrhotite- pyrite-chalcopyrite ?Cu-Au (125.6m) Clast of pyrrhotite, veinlet with ? Pegmatite Targets chalcopyrite (62.0m) Schematic – X Section PRESENTATION NOVEMBER 2025 I © CULLEN RESOURCES LIMITE
Slide 15: Rupert Prospect
Rupert Prospect Eastern Margin of Greenstone Belt 500m ▪ A gold in soils anomaly is interpreted to reflect NE faulting and is bound by late stage granitoid intrusives Solid Geology Interp. PRESENTATION NOVEMBER 2025 I © CULLEN RESOURCES LIMITED 15
Slide 16: Bromus & Killaloe Projects
Bromus & Killaloe Projects Gold, Lithium & REE Targets ▪ At Bromus, E’s 2216,1894, 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 400m wide palaeochannel. ▪ Killaloe JV with Lachlan S
Slide 17: Northern Finland - Capella JV
Northern Finland - Capella JV – 4000m of Core Drilling planned in Emerging Gold Camp ▪ Tümad* Earn-In Option on Capella’s 70-80% interest in 5 Exploration licences Gold deposits Copper deposits ▪ Cullen 20-30% free carried ▪ Mandatory Year 1 commitment includes SIRKKA THRUST 4,000m of drilling on th
Slide 18: Cullen's Iron Ore Royalty
Cullen’s Iron Ore Royalty Catho Well Deposit Mineral Resources Ltd announced first iron ore on ship for the Onslow Iron project, with its new West Pilbara haulage and port infrastructure. (ASX: MIN; 21-5-2024) Cullen retains a 1% royalty over the Catho Well deposit near the Onslow Iron project. Onsl
Slide 19: New Projects; Drill Ready Targets; Carried JV's; & Fe Royalty asset
New Projects; Drill Ready Targets; Carried JV’s; & Fe Royalty asset – Cu-Au, Base Metal, Gold, REE & Lithium New Projects, ▪ Yardilla Option to purchase 90% of E2463, and Yilgarn Craton 100% E2487, Southeast Yilgarn Craton Margin Margin W.A. ▪ Marymia (100%) Northern Craton Margin ▪ Wongan Hills (90
Slide 20: Corporate Snapshot
Corporate Snapshot Discovery Opportunities and active JV’s ✓ Greenfields Explorer ✓ Project Generator ✓ Focused in WA ✓ JV’s in WA & Finland Directors Dr Chris Ringrose, Managing Director John Horsburgh, Chairman 2025 Wayne Kernaghan, Company Secretary Major Shareholders Perth Capital + Associates ~
Slide 21: Further information & ASX releases for 2024-2025
Further information & ASX releases for 2024-2025 30-10-24 Quarterly Report ending 30 Sept 24 28-7-25 Killaloe JV – Progress Report 31-7-25 Quarterly Report – 30 June 25 21-11-24 AGM presentation – Nov 2024 25-8-25 Sale of the Wyloo Royalty 28-11-24 Yardilla – new Gold project 3-9-25 Exploration Upda
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