CULLEN RESOURCES LIMITED — AGM Information 2013

Feb 13, 2013

CULLEN RESOURCES LIMITED AGM NOVEMBER , 27 2012 I nves or p t U d a e t Chris Ringrose , Managing Director February 2013

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ASX : CUL

Mt Eureka Project , NE Goldfields WA

Disclaimer

IMPORTANT NOTICE

This presentation has been prepared b y C u llen Reso u rces 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 to make an offer or invitation with respect to those securities. No a g reement to subscribe for securities in Cullen will be entered into on the basis of this presentation. This presentation may contain certain forward-looking statements which have not been based solely on historical facts but rather on Cullen's current expectations about future events and on a number of assumptions which are subject to significant uncertainties and contingencies many of which are outside the control on Cullen and its directors, officers and advisers. Due care and attention has been taken in the preparation of this presentation. However, the information contained in this presentation (other than as specifically stated) has not been independently verified for Cullen or its directors and officers, nor has it been audited. Accordingly, the company does not warrant or represent that the information contained in this presentation is accurate or complete. To the fullest extent permitted by law, no liability, however arising, will be accepted by Cullen or its directors, officers or advisers, for the fairness, accuracy or completeness of the information contained in the presentation.

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Cullen’s Fundamentals ASX: CUL

Experienced Board and Management

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
Number of shares : 718M Dr Denis Clarke - Chairman

Unlisted options : 22M (6-7.5c) Dr Chris Ringrose - Managing Director
 Cash ~ $1.4M (31/12/12) Mr Grahame Hamilton - Non Exec

Market Cap: ~ $18M (@ 2.5c) Mr John Horsburgh - Non Exec
 Mr Wayne Kernaghan - Non Exec/Co Sec
Top 20 : ~47%
0 040.
0.080 0.036
0.070
0.032
0.060
0.028
0.050
0.024
0 040.
0.030 0.020
Feb April June Aug Oct Dec Feb
2012 2012 2012 2012 2012 2012 2013
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Major Shareholders – Aquila (14.24%); AMCI (7.08%); Directors (6.7%); Wythenshawe (13.53%)

Mt Eureka Project, NE Goldfields WA NICKEL

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40 strike km of ultramafics adjoining and north of new nickel sulphides discovery at Fisher East by Rox Resources Limited (ASX:RXL)

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121° 122°
HORSE WELL
N
Mt Eureka Project YANDAL Au 40 kilometres
JUNDEE
MT EUREKA
Wiluna

Great address
CAMELWOOD
COLLURABBIE
MT
FISHER
 Under explored DUKETON 27°
Au + Ni
MT KEITH
 CLIFFS MT McCLURE
Gold and nickel otential
p BRONZEWING
MELROSE
YAKABINDIE
 New nickel sulphide COSMOS ROSIE MOOLART
WELL
discovery at Camelwood
PERSERVERANCE
DARLOT
GARDEN WELL
28°
WATERLOO
Granitoid rocks
Greenstone belt WILUNA Ni
Sediments MT WINDARRA
Ultramafics
Laverton
/ Nickel / Gold occurence
and prospects
Road , town Leonora
Cullen stenement
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Mt Eureka Project

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VTEM Conductor
11m @ 0.86% Ni
and/or Ni prospects
(40 - 51m)
(Cullen)
VTEM Conductor
“AK47” prospect
(Rox Resources) 0.2m @ 1.93% Ni
Limit of previous
VTEM surveying
Cullen project
New target area
~10 km strike for
VTEM survey
Camelwood
first step
20m @ 1.1% Ni
(Rox Resources)
N
5 kilometres
Ultramafic Belts Aeromagnetic Image
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Mt Eureka Project
TAIPAN
Gold prospect
Ultramafics
Target stratigraphic
package (~10km)
prospective for
Planned VTEM nickel sulphides
Survey
Silverbark
Camelwood
VTEM conductors 20m @ 1.1% Ni
(Rox Resources)
Corktree
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Mt Eureka Project, NE Goldfields, WA GOLD

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32m @ 0.2 g/t Au Connermara
Eureka
•
Proven region for gold – Yandal Northwest
Belt to west , Duketon Belt to
south east
• 9m @ 6.2 g/t Au + +
Strong aircore / RAB gold + + + +
+ + + + +
anomalies – Southern, Eureka + + + + + ++ + + + + +
+ + +
NW, Taipan prospects indicate So uthern + ++
potential
24m @ 1.0 g/t Au
• Multila ered dataset from 12m (inc.
y
8 m @ 2 . 8 g /t A u )
• B oa
Previous exploration mostly
shallow drilling (<80m)
Jake - Rattle
Cobra
•
Drilling planned to test NE
Graf´s Fin d
trending structures and
aircore intersections Taipan
N Taipan South
5 kilometres
7,060,000 mE
7,050,000 mE
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TL Property, British Columbia

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Base metal sulphides discovered

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From treetop sampling to massive sulphide

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“TL Property”
Cullen earning 80%
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Diamond drill core – TL Property “DDH04”

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Semi-Massive
sulphide :
pyr it e-pyrr h o tit e
– sphalerite
(~2% Zn)
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– Gossan float near subcrop 200m from drilling

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2.25% Zn, 267ppm Cu
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North Tuckabianna, Murchison, WA

• Proven region for gold

• Proven mineralised structure for gold - (Tuckabianna Shear Zone)

• Prospective for base metal , VMS deposits

• Previous exploration mostly shallow drilling

• Hollandaire Discovery by Silver Lake Resources Ltd (ASX:SLR) – 9.3 m @ 15.4% Cu, 2.0 g/t Au and 29.0 g/t Ag

• Cullen drilling program to target EM conductors near Hollandaire

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– North Tuckabianna untested VTEM anomalies

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, ,
x Drill holes completed 6,982,500 mN GRANITE
April – Sept 2012
x [x]
Cullen tenement Colonel
NT 3
NT1-3 Strong VTEM anomaly
( drilled )
Mt Eelya
Moderate VTEM anomaly E20/714
Weak VTEM anomaly
FELSIC EELYA
NT 1
EM conductors COMPLEX x
(SLR’s Quarterly 17/1/2012) x
x
x
Rapier
VTEM anomalies
NT 2
to be tested Hollandaire
9.3m @ 15.4% Cu
~3km
GREENSTONE
GRANITE
Open file aeromag image
E20/714
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Mt Stuart Iron Ore JV Project Major Proposed Development in the West Pilbara by API API seeking to de v elop Anketell Port RFC Ambrian appointed by Cullen for possible transaction on Cullen’s asset API’s proposed railway and port Cullen owns 30% of the Catho Well CID Reserve of 70Mt

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Catho Well CID – West Pilbara

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30% owner of 98Mt @ 55% Fe Resource part of proposed WPIOP – Stage 1 in JV with AQA/AMCI (ASX : AQA)

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Copper and REE in Namibia - targeting KCB and
-
Tsumeb type pipes
Cullen’s
TSUMEB
Tenements 30 Mt @ 4.3% Cu produced
SABRE DISCOVERY
107M @ 1.15% Cu
KLEIN Aub
5.5 Mt @2% Cu,
50g/t Ag Produced
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Clear path forward and focus for 2013

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Zinc sulphides
Discovered -
?June drilling
Target
Generation
–
Scandinavia
and
Namibia
WEST PILBARA
IRON ORE JVs – Follow-up drilling
Reserve and Resources
North Eastern
Goldfields – Near term
Nickel, Gold Priority for
Drilling
Murchison
- Copper, Gold
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WHY CULLEN ?

 Rapidly advancing high priority nickel targets in North Eastern Goldfieldsp , W.A. - next to Rox’ new nickel discovery  First pass drilling completed at base metals, TL property in B.C. - further drilling scheduled to establish the full potential of this exciting project

 First pass assessment underway in selected overseas Greenfields terranes – secure investment locations with significant prospectivity

Attribution - Competent Person Statements

The information in this report that relates to Exploration Results is based on information compiled by Dr Chris Ringrose, Managing Director, Cullen Resources Limited who is a Member of the Australasian Institute of Mining and Metallurgy. Dr Ringrose is a full time employee of Cullen Resources Limited . He has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration , and to the activity which has been undertaken, to qualify as a Competent Person as defined by the 2004 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Ringrose consents to the report being issued in the form and context in which it appears.

The information in this announcement, insofar as it relates to iron ore exploration activities for the Mt Stuart JV, is based on information compiled by Mr Stuart Tuckey who is a member of the Australasian Institute of Mining and Metallurgy, and who has more than five years experience in the field of act v ty e ng reporte i i b i d on. r. uc M T k ey s a u i f ll -t me emp oyee o i l f API M anagement ty t P L d . r. uc M T k ey as su h ffi c ent exper ence w i i hi c h i s re evant to l the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Tuckey consents to the inclusion in the report of the above matters, based on their information in the form and context in which it appears.

The information in this announcement that relates to Mineral Resources has been supervised by Mr Stuart Tuckey and Mr Richard Gaze who are both Members of the Australasian Institute of Mining and Metallurgy. Mr. Tuckey is a full-time employee of Australian Premium Iron. Mr. Gaze is a full-time employee of Golder Associates Pty Ltd. Messrs.' Tuckey and Gaze have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Persons as defined in the 2004 Edition of the ‘Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Tuckey and Mr. Gaze consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.

The information in this release that relates to Ore Reserves is based on information compiled by Mr. Steve Craig, Managing Director of ORElogy (Mining Consultants). Mr. Craig is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Craig consents to the inclusion of the matters based on his information in the form and context in which it appears in this release.

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