CULLEN RESOURCES LIMITED — AGM Information 2016

Nov 7, 2016

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• DIVERSE EXPLORATION PORTFOLIO

 MULTI - COMMODITY EXPOSURE  GRASS ROOTS TO RESERVE STAGE PROJECTS GOLD BASE METALS IRON ORE LITHIUM ASX : CUL

AGM PRESENTATION – 8 NOVEMBER 2016 Chris Ringrose – Managing Director

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Cullen Resources Limited

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DISCLAIMER

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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 to make an offer or invitation with respect to those securities. No agreement 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 Resources Limited

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WESTERN AUSTRALIA FOCUSED

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 CONCENTRATING EXPLORATION FOR GOLD AND BASE METALS

• IRON ORE ROYALTY and A RESERVE ON TWO POTENTIAL WEST

• PILBARA GREENFIELDS DEVELOPMENTS

 FREE CARRIED INTEREST IN JVs MANAGED BY OTHERS (Fe, Au, Ni)

• LITHIUM EXPLORATION PORTFOLIO IN W.A.,

• (4 EL applications, 2 granted ELs),

• AND FINLAND

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Cullen Resources Limited

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PROPOSED WEST PILBARA IRON ORE PROJECT (WPIOP – Stage 1)

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Cullen has a key stake (30% contributing interest) in the Mt Stuart Iron Ore JV (MSIOJV) as part of the proposed WPIOP – Stage 1 (40Mtpa)

WPIOP owners continuing to assess options for rail and port infrastructure solution

WPIOP owners : BaosteelAurizon , AMCI – Posco (50:50 API JV) MSIOJV – Cullen 30% APIJV 70% IRON ORE

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Cullen Resources Limited

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CATHO WELL CID ORE – Al O and P LEVELS ATTRACTIVE FOR BLENDING 2 3

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MSIOJV owns Catho Well CID : 83Mt @ 55.1% Fe (Cullen 30%) Updated Ore Reserve Estimate - ASX : 16 Sept 2015

(Cullen : ~25 Mt attributable)

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Cullen Resources Limited

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EXPLORING IN ARCHAEN GREENSTONE BELT, W.A.

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FLAGSHIP MT EUREKA
NE GOLDFIELDS
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MULTIPLE READY TO DRILL GOLD TARGETS

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Cullen Resources Limited

MT EUREKA AMONGST SOME VERY SIGNIFICANT GOLD DISCOVERIES , NE YILGARN

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~450 km [2]
~ 40 km strike
CUL - 100%
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Cullen Resources Limited

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MULTIPLE TARGETS FOR GOLD – MT EUREKA

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20 km

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Cullen Resources Limited

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TYPICAL LANDSCAPE , GALWAY PROSPECT – ? HIDDEN TREASURES

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Cullen Resources Limited

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LIMITED DEEP DRILLING >80M (GALWAY GOLD PROSPECT )

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Cullen Resources Limited

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RECENT RC DRILLING RESULTS SHOW POTENTIAL

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Cullen Resources Limited

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MULTIPLE POSSIBLE EXTENSIONS TO GALWAY MINERALISATION

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• 24m @ 1.0 g/t Au from 12m FURTHER DRILLING: • For plunging shoots

• • Along mafic-felsic contacts

• • Along shears

• • At depth (>80m)

• • Complete sections

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Cullen Resources Limited

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MULTIPLE GEOCHEM ANOMALIES - SURROUND GALWAY PROSPECT

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Cullen Resources Limited

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AND…….UNTESTED GOLD TARGETS ALONG MAJOR STRUCTURAL CORRIDORS

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Cullen Resources Limited

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TAIPAN PROSPECT - STRIKE EXTENSIVE, GOLD SYSTEM

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126M
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228M
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Cullen Resources Limited

NUMEROUS GEOCHEMICAL ANOMALIES SUPPORT REGIONAL TARGETING

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Cullen Resources Limited

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CULLEN HAS KEY GROUND, MURCHISON W.A. - COPPER, GOLD

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Hollandaire
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• Proven region for gold major mineralised structure –

Tuckabianna Shear Zone

• Prospective for base metal, possibly VMS deposits

• 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

• Musgrave (ASX:MGV) have new gold discovery at Break of Day prospect

• Cullen proposes Eelya Felsic Complex may be underlain by porphyry intrusive with copper mineralisation potential

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NORTH TUCKABIANNA, WA

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Cullen Resources Limited

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NORTH TUCKABIANNA – VHMS and GOLD TARGETS

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Gold anomalies in air core VTEM anomalies C07-C12

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porphyritic PM monzonite

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Cullen Resources Limited

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TARGETING LITHIUM IN PEGMATITES, W.A.

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EX. LICENCE APPS. - CENTRAL PILBARA, GREENBUSHES, RAVENSTHORPE AND YINNETHARRA REGIONS W.A.

Photo of Greenbushes open pit and pegmatites from public viewing platform – Talison Ltd

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Cullen Resources Limited

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WESTERN AUSTRALIA FOCUSED

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• CONCENTRATING

• EXPLORATION FOR GOLD AND BASE METALS

• IRON ORE ROYALTY and A RESERVE ON TWO POTENTIAL WEST

• PILBARA GREENFIELDS DEVELOPMENTS

 FREE CARRIED INTEREST IN JVs MANAGED BY OTHERS (Fe, Au, Ni)

• LITHIUM EXPLORATION PORTFOLIO IN W.A.,

• (4 EL applications, 2 granted ELs),

• AND FINLAND

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Cullen Resources Limited

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POSITIONED FOR LITHIUM, COBALT, BASE METALS IN FINLAND

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Cullen Resources Limited

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EXPLORING REGION OF LITHIUM-IN-TILL ANOMALIES

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Cullen Resources Limited

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EXPLORING REGION OF LITHIUM-IN-TILL ANOMALIES

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Cullen Resources Limited

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SUMMARY - CULLEN’S PROJECT PORTFOLIO - 4 KEY ELEMENTS

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1

4

2

GOLD

3

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Cullen Resources Limited

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SUMMARY - CULLEN CORPORATE ASX:CUL

 FOCUSING EXPLORATION FOR GOLD AND BASE METALS

DIRECTORS

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Dr Denis Clarke - Chairman Dr Chris Ringrose - MD Mr Grahame Hamilton - Non Exec Mr John Horsburgh - Non Exec Mr Wayne Kernaghan - Co Sec

• IRON ORE INTERESTS IN WEST PILBARA

CAPITAL

 LITHIUM EXPLORATION PORTFOLIO IN W.A. AND FINLAND

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• Number of shares : 1901M

• Cash ~ $0.29M (30/9/16)

• Market Cap: ~ $5.7M (@ 0.3c)

• Top 20 : ~44%

• BROAD RANGING

• PROJECT GENERATION SUPPORTS FARM-OUT STRATEGY

Major Shareholders : Baosteel-Aurizon (5.4%) Perth Capital, Wythenshawe and Associates (22.2%) Directors ( ~5%);

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Cullen Resources Limited

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Thank you

Chris Ringrose 0439 843 756 cullen@cullenresources.com.au www.cullenresources.com.au

ATTRIBUTION – COMPETENT PERSON STATEMENT

Information in this presentation may reflect past exploration results, and Cullen’s assessment of exploration completed by past explorers, which was first prepared and disclosed under JORC Code 2004. It has not been updated since to comply with JORC Code 2012 on the basis that the information has not changed materially since it was last reported .

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 2012 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.

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Cullen Resources Limited