Key Projects
Iron Ore
- 30% of 70Mt @ 54.8% Fe Channel Iron Deposit at Catho Well, Pilbara, in API JV.
Subject to a 'mine gate' sales agreement, Cullen’s share equates to potential future production of 1.4Mt of Iron Ore per annum for 15 years - 20% share of Wyloo & Paraburdoo Bedded Iron Deposit, Pilbara, with Fortescue::
Exploration target of 30Mt at Wyloo; drilling completed at both projects – assays pending - 100% of 88 km² of applications in Kiruna iron ore region, Sweden:
Near infrastructure and active exploration by other parties
Coal
- Canning Basin Coal Project with Advaita Resources: 3461km² of tenements and applications:
4,200m drill program completed – coal (0.19-0.55m thick) intersected in four holes - 100% of 9333 km² of applications in the Galilee, Millungera and Eromanga Basins, Queensland:
Preparation & Targeting in progress - 100% of 4876 km² applications in the Aranos Basin, Namibia:
Planned Trans Kalahari railway will cross application area
Base Metals
- Can earn 80% in Zn-Mo-Re prospect in British Columbia, Canada:
Bedrock channel results up to 3m @ 8.98% Zn; HeliTEM survey completed – Processing in progress but several new targets (EM and magnetics) already evident, including ~4000m long strong conductor. - Strategic land position for copper near Cue:
Tenement boundary is ~ 600m along strike from the high-grade copper discovery at Hollandaire announced by Silver Lake Resources Ltd (ASX:SLR) on 10th November 2011. VTEM helicopter-borne geophysical survey planned on Cullen’s ground. - 100% of 8199 km² applications in Namibia near Tsumeb and in the Kalahari Copper Belt.
Five EPL’s recently granted: Aeromagnetic interpretation completed & targets delineated. - 20% in Forrestania Ni project – JV with Hannans Reward
Latest News
- 11 MAY Investor Update May 2012 (4.21MB pdf)
- 10 MAY RC drilling of EM Anomalies commenced, North Tuckabianna (192KB pdf)
- 27 APR Quarterly Report for the period ending 31 March 2012 (1.7MB pdf)
ASX Code: CUL
Share Price
$0.026 (-7.1%)
Last updated 18-May-2012 15:07:35
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- Issued Shares: 623m
- Market Cap: $18.02m
- Cash (June 11): $2.5m
- Investments: $0.5m