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 Bedded Iron Deposit, Pilbara, with Fortescue:
Exploration target of 30Mt - Further drilling planned - 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:
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. - 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 (including 9.3m @ 15.4% Cu with 2.0 g/t Au and 29.0 g/t Ag from 61m). - 100% of 8199 km² applications in Namibia near Tsumeb and in the Kalahari Copper Belt.
Five EPL’s recently granted: Aeromagnetic interpretation in progress - 20% in Forrestania Ni project – JV with Hannans Reward
Latest News
- 28 NOV Further Positive Leads Near Hollandaire Discovery (398kb pdf)
- 15 NOV Progress Report: Catho Well Channel Iron Deposit (322kb pdf)
- 11 NOV Enhanced Base Metal Prospectivity From Hollandaire Discovery (301kb pdf)
- 07 SEP Drilling commenced at two projects (1.2MB pdf)
- 01 AUG High-grade, zinc discovery at surface in the “TL Property” south east British Columbia, Canada (39KB pdf)
ASX Code: CUL
Share Price
$0.034 (6.3%)
Last updated 27-Jan-2012 15:54:20
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- Issued Shares: 623m
- Market Cap: $21.18m
- Cash (June 11): $2.5m
- Investments: $0.5m