Cullen Resources Limited · ASX:CUL
Cullen Resources — Investor Presentation (September 2007)
42 slides from Cullen Resources's investor presentation, September 2007
Slide 1: Cullen Resources Limited Investor Presentation – September 2007
Cullen Resources Limited INVESTOR PRESENTATION – SEPTEMBER 2007
Slide 2: Important Notice
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 inducement t
Slide 3: 30% of JORC Fe Resource - 68Mt @ 55.38% Fe
30% of JORC Excellent Fe Resource uranium - 68Mt @ portfolio 55.38% Fe 10 JV’s – Leading edge including geochem for major new projects partners Aggressive Project Generation
Slide 4: Cullen Fundamentals
Cullen Fundamentals • Directors Dr Chris Ringrose (Managing Director) Dr Denis Clarke (Chairman) Wayne Kernaghan (Company Secretary) John Horsburgh (Non Exec) Grahame Hamilton (Non Exec) • Chief Geologist – Dr Matthias Cornelius • Number of shares – ~480M with 16M unlisted options • Cash - ~$1.8M AS
Slide 5: One year Share graph – Cullen Resources
One year Share graph – Cullen Resources 2007
Slide 6: Cullen's Main Project Areas and JV's
Cullen’s Main Project Areas and JV’s Several JV’s, with great partners : Several Commodities: BHP Billiton x 2 (Ni) Minotaur (Cu - Au) Thundelarra (U) API JV (Aquila-50%) (Fe) Nickel FMG x 2 (Fe) Intrepid (Au) Hannans Reward (Ni, Au) Red Hill Iron (Au, BM) Gold Uranium Mt Mt Isa Isa Region Region (A
Slide 7: Cullen's Current JV's and Near Term Activities
Cullen’s Current JV’s and Near Term Activities JV’S WITH : - • API (Fe) - PRE FEASIBILITY STAGE - Cullen (30%)* • BHP Billiton (Ni) – HAS DRILLED EM TARGETS (Assays pending Sep’07) • THUNDELARRA (U) – TO FLY AEM OVER U-CHANNEL ANOMALIES • MINOTAUR (Cu-Au) - PLANNING DRILLING OF ALTERATION ZONES • FM
Slide 8: Cullen's Project Portfolio
Cullen’s Project Portfolio Pre feasibility stage Targeting mineralized trends Advanced Projects Early Stage
Slide 9: Iron Ore Projects
Cullen Resources Limited IRON ORE PROJECTS
Slide 10: West Pilbara – Mt Stuart Iron Ore JV with API
West Pilbara – Mt Stuart Iron Ore JV with API
Slide 11: West Pilbara Channel Iron Ore Projects
West Pilbara Channel Iron Ore Projects
Slide 12: Red Hill Iron Limited – JV for gold and base metals
Red Hill Iron Limited – JV for gold and base metals
Slide 13: Wyloo Project – Iron Ore JV with FMG Limited
Wyloo Project – Iron Ore JV with FMG Limited
Slide 14: Paraburdoo Project – Iron Ore JV with FMG
Paraburdoo Project – Iron Ore JV with FMG
Slide 15: Ashburton and West Pilbara JV Projects - Summary
Ashburton and West Pilbara JV Projects - Summary
Slide 16: Uranium Portfolio
Cullen Resources Limited URANIUM PORTFOLIO TUNNEL CREEK JV – UNCONFORMITY, ASHBURTON REGION, WA NORTH YILGARN – PALAEOCHANNEL TARGETS , WA LAKE MACKAY – IOCG and PALAEOCHANNEL, CENTRAL AUSTRALIA AMADEUS BASIN – SANDSTONE HOSTED, NORTHERN TERRITORY ARUNTA REGION – VEIN, PALAEOCHANNEL AND ALTERATION,
Slide 17: Cullen's Uranium Portfolio
Cullen’s Uranium Portfolio ~9,500 sq km
Slide 18: Tunnel Creek JV - Unconformity Target Type
Tunnel Creek JV - Unconformity Target Type
Slide 19: Tunnel Creek JV– Uranium Channel Radiometrics
Tunnel Creek JV– Uranium Channel Radiometrics
Slide 20: North East Goldfields Uranium Projects
North East Goldfields Uranium Projects
Slide 21: Carbonatite in North Yilgarn – REE +/- U
? Carbonatite in North Yilgarn – ? REE +/- U Aeromag. and landscape
Slide 22: Lake Mackay Projects – Uranium and IOCG
Lake Mackay Projects – Uranium and IOCG
Slide 23: Northern Territory Projects – Tenement applications
Northern Territory Projects – Tenement applications
Slide 24: Amadeus Basin – Tenement Application/Previous work
Amadeus Basin – Tenement Application/Previous work
Slide 25: Amadeus Basin – Cullen Application + Radiometrics
Amadeus Basin – Cullen Application + Radiometrics Intersections from previous drilling: H21 26.65- 27.15 0.5m @ 4700ppm U30 8 J25 36.5-37.0 0.5m @ 1900ppm U30 8 J60 65.6-66.0 0.4m @ 4100ppm U30 8
Slide 26: South Australia – Applications
South Australia – Applications
Slide 27: Gold Projects
Cullen Resources Limited GOLD PROJECTS
Slide 28: Coolgardie – Several walk-up drill targets
Coolgardie – Several walk-up drill targets Option to purchase tenement package in highly mineralized area
Slide 29: Coolgardie Project – Immediately adjoins old gold mine
Coolgardie Project – Immediately adjoins old gold mine Aerial photo shows proximity to old gold mines
Slide 30: Coolgardie Project – Summary of prospectivity
Coolgardie Project – Summary of prospectivity PLANNED WORK: -mapping; sampling and compilation; - RC drilling
Slide 31: Woodcutters – grass roots gold project
Woodcutters – grass roots gold project First pass reconnaissance sampling has generated regional scale anomalies
Slide 32: Woodcutters – in emerging new exploration corridor
Woodcutters – in emerging new exploration corridor Calcrete anomalies defined – Air core drilling to follow
Slide 33: Nickel Sulphide Exploration Projects
Cullen Resources Limited NICKEL SULPHIDE EXPLORATION PROJECTS
Slide 34: Wonganoo and Gunbarrel – Nickel JV's
Wonganoo and Gunbarrel – Nickel JV’s
Slide 35: Forrestania – JV with Hannans Reward
Forrestania – JV with Hannans Reward ~12km north of Western Areas Flying Fox nickel deposit
Slide 36: Norseman – Killaloe Project Gold and Nickel
Norseman – Killaloe Project Gold and Nickel
Slide 37: Norseman - Killaloe Gold and Nickel (Cullen 100%)
Norseman - Killaloe Gold and Nickel (Cullen 100%)
Slide 38: Queensland and NSW
Cullen Resources Limited QUEENSLAND AND NSW
Slide 39: Duchess Project, JV with Minotaur - Queensland
Duchess Project, JV with Minotaur - Queensland
Slide 40: Duchess – JV with Minotaur
Cloncurry 90km | Top Tank [Oy iv Ga ie Trekelano| Mayfield EPM12395 N ! 1 a | Tick Hill (3 | 10 kilometres : i QUEENSLAND 2 MOELL Brisbane Alluvium Cambrian cover sequence Corella Formation Granite Proterozoic basement Fault Old working, prospect Tenement boundary CULLEN
Slide 41: Minter Tungsten Project, NSW
Minter Tungsten Project, NSW
Slide 42: Cullen - Conclusions
Cullen - Conclusions • WELL PLACED FOR A DISCOVERY THROUGH AGGRESSIVE MULTI-PRONGED APPROACH – JV’S AND NEW PROJECTS • JV’S WITH : BHPB x 2 (Ni); INTREPID (Au); MINOTAUR (Cu-Au); HANNANS REWARD (Ni and Au); FMG x 2 (Fe), API (Fe); THUNDELARRA (U); RED HILL IRON (Au, BM). • CONTRIBUTING TO EXPENDITUR
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