Cullen Resources : AGM Presentation – November 2024

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INVESTOR PRESENTATION, 21 NOVEMBER AGM 2024 ASX: CUL Drill Ready Targets, in Wongan Hills & Finland Anticipated Start, Dec 2024 Iron Ore Royalties, West Pilbara For Monetisation WONGAN HILLS TARGET AREA Dr Chris Ringrose, Managing Director I I N V E S T O R P R E S E N T A T I O N WEST YILGARN PROVINCE - WESTERN AUSTRALIA Wongan Hills Greenstone Belt Western Australian Wheatbelt Narryer Terrane I N V E S T O R P R E S E N T A T I O N , N O V E M B E R A G M 2 0 2 4 I © C U L L E N R E S O U R C E S L I M I T E D P A G E / 3 WEST YILGARN PROVINCE - WESTERN AUSTRALIA Wongan Hills Greenstone Belt Cullen ~15km North of Caravel (Bindi) The regional setting of the WHGB, showing the location of copper mineralisation defined by Caravel Minerals around the Wongan batholith on aeromagnetic image Some geological features shown are extracted from Caravel's Annual Report (ASX:CVV; 2-10-2024). https://geoview.dmp.wa.gov.au/geoview/?Viewer=GeoVIEW. I N V E S T O R P R E S E N T A T I O N , N O V E M B E R A G M 2 0 2 4 I © C U L L E N R E S O U R C E S L I M I T E D P A G E / 4 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 and sericite alteration locally Historical copper mineralisation in quartz lodes in margin to adamellite Several granitoids intrude greenstones as identified from aeromagnetics I N V E S T O R P R E S E N T A T I O N , N O V E M B E R A G M 2 0 2 4 I © C U L L E N R E S O U R C E S L I M I T E D P A G E / 5 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 road map to mineralisation: Structurally - controlled, intrusion - related Cu-Au in the upper levels of a batholith Caravel: Possible porphyry-related mineralisation on batholith margin I N V E S T O R P R E S E N T A T I O N , N O V E M B E R A G M 2 0 2 4 I © C U L L E N R E S O U R C E S L I M I T E D P A G E / 6 WEST YILGARN PROVINCE - WESTERN AUSTRALIA Wongan Hills Greenstone Belt - Drill Targets IP traverses (white arrows) shown on magnetics image draped on regional gravity image (1VD) Prominent, circular gravity high in the SW of Cullen's project area (maroon colour, denser rock), surrounds a tear-shaped, non-magnetic granitoid (red dashed) Wongan Prospect ( western arrow) sits in a high strain zone in the aureole to this tear-shaped granitoid Rupert Prospect (eastern arrow) lies on a major greenstone belt flexure and close to the greenstone-gneiss contact Several other, late-stage granitoids crop out or interpreted from air magnetics data occur in the greenstone stratigraphy (red dashed circle for example) N https://geoview.dmp.wa.gov.au/geoview/?Viewer=GeoVIEW . 5km I N V E S T O R P R E S E N T A T I O N , N O V E M B E R A G M 2 0 2 4 I © C U L L E N R E S O U R C E S L I M I T E D P A G E / 7 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 Major geochemical anomalies of tin in laterite, and fault-parallel Ag in BLEG WHDH001 VTEM anomalies Adamellite intrusion I N V E S T O R P R E S E N T A T I O N , N O V E M B E R A G M 2 0 2 4 I © C U L L E N R E S O U R C E S L I M I T E D P A G E / 8 WONGAN HILLS PROJECT - WESTERN AUSTRALIA Wongan Prospect,WHGB - IP and VTEM coincidence New IP drill target - Wongan Prospect A strong chargeability anomaly towards the centre of the IP line Directly overlies an ultramafic - mafic sediment contact Ultramafic horizon marked by ~3km trend of VTEM anomalies Magnetics IP line Resistivity Chargeability Proposed Drilling I N V E S T O R P R E S E N T A T I O N , N O V E M B E R A G M 2 0 2 4 I © C U L L E N R E S O U R C E S L I M I T E D P A G E / 9 WONGAN HILLS PROJECT - WESTERN AUSTRALIA Wongan Prospect, WHGB Model for Cu-Au mineralisation ? Cu-Au Pegmatite Targets Schematic - X Section WHD001 150m Clast of pyrrhotite-pyrite- chalcopyrite (125.6m) Clast of pyrrhotite, veinlet with ? chalcopyrite (62.0m) I N V E S T O R P R E S E N T A T I O N , N O V E M B E R A G M 2 0 2 4 I © C U L L E N R E S O U R C E S L I M I T E D P A G E / 10 Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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