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CULLEN RESOURCES LIMITED Interim / Quarterly Report 2018

Oct 17, 2017

64724_rns_2017-10-17_035c87ab-4ec9-4594-b4e4-0b262d2da386.pdf

Interim / Quarterly Report

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ABN 46 006 045 790

ASX: CUL 18 October, 2017

September 2017 - QUARTERLY ACTIVITIES REPORT

Mt EUREKA GOLD PROJECT, NE GOLDFIELDS, W.A.

  • A programme of up to 3000m of air core drilling is planned to commence as soon as practical at the Southern-Galway-Kilkenny and Eureka North West gold prospects

  • These prospects appear to be related to a significant unconformity and parallel shear zones bounding mafic-ultramafic and felsic-sediment sequences within the Mt Eureka greenstone belt (see Fig.4)

  • This unconformity is marked by an interpreted Archaean conglomerate (from aeromagnetics data and sparse drilling) along a 10km strike length with historical drill intersections including: 8m @ 2.9g/t Au (from 70m) and 26m at 0.68 g/t Au (from 12m)

  • In Cullen’s opinion, models for some of the gold deposits in the Agnew/Lawlers gold camp in the Yilgarn Archaean block are the most applicable for the geological setting of the conglomerate horizon and its margins within the Mt Eureka greenstone belt

WYLOO NORTH, WEST PILBARA, W.A.

  • Targeting Cu and Au deposits along a major shear boundary to the Hamersley Basin in the West Pilbara

FINLAND: ENHANCED FOCUS ON ZINC

  • Advanced research for zinc, copper, cobalt, gold and lithium deposits in Finland with one new Reservation application registered (Anges) and a second Reservation application now in place (Sulkava)

Unit 4, 7 Hardy Street South Perth | Western Australia 6151 Telephone: +61 8 9474 5511 | Facsimile: +61 8 9474 5588 E-mail: [email protected] Website: www.cullenresources.com.au

Quarterly Report - September 2017

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Figures 1 and 2

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Quarterly Report - September 2017

MT EUREKA GOLD (Cullen 100%) – proposed drilling

The company has completed a new interpretation of the bedrock geology for its Mt. Eureka project, using aeromagnetics and VTEM geophysical data, and further interrogated historical drill data for gold target modelling. On the basis of this work Cullen has planned for an air core drilling programme (of up to 3000m) to confirm certain interpretations and target any extensions to known gold mineralisation at its Eureka NW and Galway-Southern-Kilkenny prospects (Fig. 4).

Eureka NW prospect is located at a potentially-important, interpreted unconformity between the central, dominant mafic-ultramafic sequence and a felsic-sediment sequence to the west in the Mt Eureka greenstone belt (see Fig. 4). Cullen notes that this unconformity is marked by an Archaean conglomerate (as interpreted from aeromagnetics data but including a few outcrops and some drillhole intersections of conglomerate) along a 10km strike length which appears to link a number of Cullen’s gold prospects. Historical intersections from sparse drilling of this horizon include: 8m @ 2.9g/t Au (from 70m) and 26m at 0.68 g/t Au (from 12m) .

It is also notable that there are dry blowings, some shafts and pits, and nugget finds adjacent to some sections of this unconformity between Cullen’s Eureka NW and the Kilkenny prospects (see Fig.4).

Other explorers have noted the geological and structural similarities of the Mt Fisher greenstone belt to the multi-million ounce Agnew/Lawlers gold camp (ASX:DRM, 16 May 2016). Cullen’s Mt Eureka project area covers an extension of the Mt Fisher greenstone belt to the north and Cullen also considers that models for some gold deposits in the Agnew/Lawlers gold camp are the most applicable for the conglomerate horizon and its margins within its Mt Eureka project. (Cautionary note: Cullen recognises this conglomerate horizon as a favorable host rock for gold mineralisation from a structural/competency-contrast point of view, but does not consider the geological setting is analogous to conglomerates in the Pilbara region of W.A, the subject of recent exploration attention).

In-fill and extension drilling is proposed at the Eureka NW and GalwaySouthern-Kilkenny gold systems, to include a test of the stratigraphy along the interpreted, sheared granite-conglomerate-greenstone boundary, just west of Southern (see Fig.4).

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Quarterly Report - September 2017

Figure 3: Location of Mt Eureka Project, NE Goldfields, W.A.

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MT EUREKA GOLD - prospecting and soil/laterite/rock-chip sampling

Cullen has also completed soil and rock chip sampling, and prospecting over four other gold targets at its Mt Eureka project to prioritise targets and drilling programs. At Taipan East, 11 samples of laterite and lag were collected and one sample returned a gold anomaly of 425ppb Au, confirming interest in further exploration around the Taipan gold system. At Roadside North , 13 rock-chip samples were taken along a brecciated and quartz-veined chert returning gold values of 22 to 2261 ppb over a strike length of ~200m; 4 adjacent samples in the centre of the anomaly assay between 1.38 g/t Au and 2.26 g/t Au, and show anomalous concentrations of the gold pathfinders As, Bi, Sb and Te. The host chert/banded iron formation is strike extensive and follow-up of this anomaly is planned. No significant geological features or anomalous gold assays were returned from the small suite of samples and prospecting of the North Lake and Irwin Bore prospects (see Table 2 and Fig. 5).

Cullen also collected a suite of about 700 soil samples from the Graf’s Find prospect area and the area northwards towards the Galway prospect targeting the unconformity boundary. This is a complex regolith terrain which presents

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Quarterly Report - September 2017

some difficulties in utilising the most appropriate size fraction and analytical technique for geochemical anomaly recognition. Some size fraction studies on a subset of the 700 samples are underway and results for the full sample suite will be reported in due course.

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Figure 4

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Quarterly Report - September 2017

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Figure 5

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Quarterly Report - September 2017

WEST PILBARA – WYLOO NORTH

Cullen holds E47/3342 and ELA 47/3743 which form a contiguous block of approximately 90 sq. km close to the northern margin of the Wyloo Dome in the West Pilbara. Cullen notes that this block of tenure straddles approximately 8 strike km of a major structure (NNW-SSE trending shear zone) close to, and paralleling the margin of the Hamersley Basin. Outside of Cullen’s tenure, this structure is being targeted by Chalice Gold Mines Limited for gold and base metals (see ASX:CHN - 2 Oct 2017), and Cullen plans further assessment of its ground.

FINLAND – See project location Figure, page 2.

Cullen has made two additional Reservation applications in central Finland in areas it considers prospective for zinc, copper, cobalt and gold in volcanichosted massive sulphide-type (VHMS) deposits and veins.

The first of these, Anges , ~120 sq. km , surrounds a known zinc prospect at Rauhala (owned by Phyasalmi Mine Co) with has a reported, non-compliant resource of 1.7Mt @ 4.97 % Zn and 1.33% Cu. (see: www.tukes.fi and http://tupa.gtk.fi/karttasovellus/mdae/raportti/532_Rauhala.pdf.). Cullen’s application covers ~3km of prospective stratigraphy along strike of this prospect.

The second application, Sulkava , ~ 400 sq. km , is centred on a previously mined zinc deposit (Kangasjarvi), and covers about 20km of prospective stratigraphy including other base metal prospects in a VHMS setting. This reservation application is centred ~35 km south of the active, Phyasalmi base metal mine owned by First Quantum Minerals Ltd. http://tupa.gtk.fi/karttasovellus/mdae/raportti/548_Kangasj%C3%A4rvi.pdf

These Reservations, once approved , give Cullen the priority, within a four month to two year period from lodgement (actual reservation time period to be determined by Finnish Mining authorities), to make applications for Exploration Permits (required for any ground disturbing exploration programs). Cullen’s most recent applications are within an important zinc prospective province in central Finland with previous base metals production, and offer the opportunity for Cullen to compile existing public data at a low cost, towards identifying prospects for further exploration.

WONGAN HILLS

Cullen has held preliminary meetings with some key landowners and provided Draft access agreements for review. Discussions are on-going and agreements remain to be finalised.

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Quarterly Report - September 2017

SCHEDULE OF TENEMENTS (as at 30 September 2017)

REGION TENEMENTS TENEMENT
APPLICATIONS
CULLEN
**INTEREST **
COMMENTS
WESTERN AUSTRALIA
Wyloo North E47/3342 ELA 47/3743 100%
Paraburdoo JV E52/1667 100% Fortescue can earn up to 80% of
iron ore rights; Cullen 100%
other mineral rights
North Pilbara E 45/4626 ELA 45/4924
NE GOLDFIELDS
Gunbarrel E53/1299,1300+/ *
E53/1635,1892,
1893
ELA 53/1958 -
1961
100% +2.5% NPI Royalty to Pegasus
on Cullen's interest (parts of
E1299); *1.5% NSR Royalty to
Aurora (other parts of E1299
and parts of E1300)
Irwin Well E53/1637 100%
Irwin Bore E53/1209 ELA 53/1957 100%
MURCHISON, Cue E20/714 100%
YINNETHARRA E09/2179
WONGAN HILLS E70/4882 ELA 70/4957
GREENBUSHES E47/4803 ELA 70/4802
EASTERN GOLDFIELDS
Killaloe E63/1018,
E63/1199
20% Matsa Resources Limited 80%
FORRESTANIA
Forrestania JV M77/544 20% Hannans Reward Ltd 80%
Gold rights only
FINLAND
Rita ,Kaatiala Outu,
and Vesikko (Risti)
Anges
100% - Reservation Notifications
Sulkava 100% - Reservation application
TENEMENTS RELINQUISHED, SOLDand APPLICATIONS WITHDRAWN DURING THEQUARTER
E74/575 ELA 70/4945
ELA 45/4682

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Quarterly Report - September 2017

CORPORATE

SHARE CAPITAL INFORMATION

The issued capital of the company at 30 September 2017:

  • 2,001,560,131 fully paid ordinary shares

  • 20m unlisted options expiring 30 November 2017

Substantial shareholders are:

  • Perth Capital, Wythenshawe Pty Ltd and Associates – 22.19%, and

  • Baosteel together with Aurizon – 5.38%

Cash at 30 September 2017 was approximately $0.53M.

Cullen will receive $1M cash upon any Final Investment Decision and has a 1% F.O.B. royalty on any iron ore production from the following tenements – E08/1135, E08/1330, E08/1341, E08/1292, ML08/481, and ML08/482 (former Mt Stuart Iron Ore Joint Venture – Baosteel/Aurizon/Posco/AMCI). The Catho Well Channel Iron Deposit (CID) has a published in situ Mineral Resources estimate of 161Mt @ 54.40% Fe (ML 08/481) as announced by Cullen to the ASX – 10 March 2015.

Cullen has 1.5 % F.O.B. royalty up to 15 Mt of iron ore production from Wyloo project tenements, and will receive $900,000 cash if and when a decision is made to commence mining on a commercial basis – E47/1649, 1650, ML 47/1488-1490, and ML 08/502 with Fortescue.

Cullen is a 20% holder of the gold rights on M77/544 via the Forrestania Joint Venture with Hannans Reward Ltd, and as previously announced the proposed sale of its 20% share to Mine Builder Pty Ltd together with Hannans (see CUL:ASX 12 March 2015) via one agreement. Cullen is due to receive $200,000 cash as consideration via four instalments. Title to the gold rights will be transferred on receipt of the final instalment. $120,000 of this payment under this agreement has been received to date.

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Quarterly Report - September 2017

Data description as required by the 2012 JORC Code - Section 1 and Section 2, Table 1 (Laterite, lag and rock chip sampling – EL 53/1299, 1637 and 1300) Section 1 Sampling techniques and data

Criteria JORC Code Explanation Commentary
Sampling
techniques
Nature and quality of sampling (e.g.
cut channels, random chips, or specific
specialised industry standard
measurement tools appropriate to the
minerals under investigation, such as
down hole gamma sondes, or XRF
instruments, etc.). These examples
should not be taken as limiting the
broad meaningof sampling_._
A total of 25 reconnaissance samples of lateritic residuum, lag
and rock chips was collected.
Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any
measurement tools or systems used
Samples were handpicked (c. 0.l5 – 1 kg of ferruginous gravel)
or rock chipped of available material at surface (c. 1-2kg) and
a handheld GPS was used to determine the sample locations.
Coordinates are in grid GDA94 Z51.
Aspects of the determination of
mineralisation that are Material to the
Public report
Notes of colour, roundness, and preservation of ferruginous
gravel, regolith setting and topography were made for each
laterite sample, and rock –type, weathering and mineralogy etc.
for rock chip samples.
In cases where ‘industry standard’
work has been done this would be
relatively simple (e.g. ‘reverse
circulation drilling was used to obtain
1m samples from which 3kg was
pulverised to produce a 30g charge for
fire assay’). In other cases more
explanation may be required, such as
where there is coarse gold that has
inherent sampling problems. Unusual
commodities or mineralisation types
(eg submarine nodules) may warrant
disclosure of detailed information.
Lateritic samples were collected by hand from an area
measuring approximately 10x10m. Where material is scarce, a
larger area was sampled (25 x25m) to obtain sufficient sample.
8-10 rock chips were collected as samples of outcrop.
Drilling
techniques
Drill type (e.g. core, reverse
circulation, open-hole hammer, rotary
air blast, auger, Bangka, sonic etc.) and
details (e.g. core diameter, triple or
standard tube, depth of diamond tails,
face-sampling bit or other type,
whether core is oriented and if so, by
what method etc.).
Not applicable – no drilling used
Drill Sample
recovery
Method of recording and assessing core
and chip sample recoveries and results
assessed
Not applicable – no drilling used
Measurements taken to maximise
sample recovery and ensure
representative nature of the samples.
Not applicable – no drilling used
Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential loss/gain of fine/coarse
material.
Not applicable – no drilling used
Logging Whether core and chip samples have
been geologically and geotechnically
logged to a level of detail to support
appropriate Mineral Resource
estimation, mining studies and
metallurgical studies.
All samples were examined and described for all features and
the geology, topography and surface type noted. Photographs
were taken of sub-crop, landform and setting where
appropriate.
Whether logging is qualitative or
quantitative in nature. Core (or costean,
channel etc.) photography.
Logging is qualitative only

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Quarterly Report - September 2017

The total length and percentage of the
relevant intersections logged
Not applicable – no drilling used
Sub-sampling
techniques and
sample
**preparation **
If core, whether cut or sawn and
whether quarter, half or all core taken.
No subsampling or sieving is done in the field. The total sample
is submitted to the laboratory and all sample preparation is
done there.
If non-core, whether riffles, tube
sampled, rotary split, etc. and whether
sampled wet or dry.
All samples were collected dry by hand.
For all sample types, quality and
appropriateness of the sample
preparation technique.
All sample preparation is carried out atMinAnalytical
Laboratoriesin Perth. Preparation and analysis procedures are
considered appropriate and to industry standard, to the best of
our knowledge.
Quality control procedures adopted for
all sub-sampling stages to maximise
representivityof samples.
Laboratory international standards and duplicate splits were
inserted byMinAnalytical.
Measures taken to ensure that the
sampling is representative of the in situ
material collected, including for
instance results for field
duplicate/second-half sampling.
No field duplicates were collected
Whether sample sizes are appropriate
to the grain size of the material being
sampled.
Samples are considered adequate in size for the type of material
sampled.
The nature, quality and appropriateness
of the assaying and laboratory
procedures used and whether the
technique is considered partial or total.
The assaying is industry standard in quality and total, and
appropriate for the objectives of the sampling. Laboratory
QA/QC involves the use of internal lab standards using certified
reference material, blanks, splits and duplicates. All samples
are pulverised using Essa LM1, LM2 or LM5 grinding mills
determined by the size of the sample. Dry crushed or fine
samples are pulverized to produce a homogenous and
representative sub-sample for analysis. A grind quality target of
85% passing 75μm is established and is relative to sample size,
type and hardness. Analysis for gold is by Aqua regia (10g)
with ICP MS finish. The aqua regia digestion is considered
partial depending on the host of the elements analyzed, but does
provide an acceptable level of accuracy for an initial
assessment of the contained target elements.
For geophysical tools, spectrometers,
handheld XRF instruments, etc., the
parameters used in determining the
analysis including instrument make and
model, reading times, calibrations
factors applied and their derivation,etc.
Not applicable – no such instruments used in the field.
Quality of assay
data and
laboratory tests
Nature of quality control procedures
adopted (e.g. standards, blanks,
duplicates, external laboratory checks)
and whether acceptable levels of
accuracy (i.e. lack of bias) and
precision have been established.
No control procedures or external checks done. Laboratory
QA/QC involves the use of internal lab standards using certified
reference material, blanks, splits and duplicates. Samples dried,
pulverized with 85% passing -75μm established.
Verification of
sampling and
assaying
The verification of significant
intersections by either independent or
alternative company personnel
Not applicable – no drilling used
The use of twinned holes Not applicable – no drilling used
Documentation of primary data, data
entry procedures, data verification, data
storage (physically and electronic)
protocols.
Not applicable – no drilling used
Discuss anyadjustment to assaydata. Not applicable – no drilling used
Location of data
points
Accuracy and quality of surveys used
to locate drill holes (collar and down-
hole surveys), trenches, mine workings
and other locations used in Mineral
Resources estimation.
Samples located using a handheld GPS.
Specification of thegrid system used. GDA94 Z51
Quality and adequacy of topographic
control.
No topographic control.

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Quarterly Report - September 2017

Data spacing and
distribution
Data spacing for reporting of
Exploration Results.
Samples are irregularly spaced and of a reconnaissance nature
Whether the data spacing and
distribution is sufficient to establish the
degree of geological and grade
continuity appropriate for the Mineral
Reserve and Ore Re4serve estimation
procedure(s) and classifications
applied.
Not applicable – no drilling used
Whether sample compositing has been
applied.
No compositing applied.
Orientation of
data in relation
to geological
structure
Whether the orientation of sampling
achieves unbiased sampling of possible
structures and the extent to which this
is known,consideringthe deposit type.
Sampling is at a very early stage of exploration.
If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to
have introduced a sampling bias, this
should be assessed and reported if
material.
Not applicable – no drilling used
Sample security The measures taken to ensure sample
security.
All samples were collected, bagged and transported to the
laboratory by Cullen staff and consultants.
Audits or
reviews
The results of and audits or reviews of
samplingtechniques and data.
No reviews or audits of techniques and data.
Section 2 Reporting of exploration results
Type, reference name/number, location
and ownership including agreements or
material issues with third parties such
as joint ventures, partnerships,
overriding royalties, native title
interest, historical sites, wilderness or
national park and environmental
settings.
The samples were taken on EL 53/1637,1299 and 1300 each of
which is held in the name of Cullen Exploration Pty Ltd. - 100%
The security of the tenure held at the
time of reporting along with any
known impediments to obtaining a
licence to operate in the area.
ELs 53/1637, 1299 and 1300 are approved with access
agreements as required for exploration on Native Title Claim
areas.
Exploration done
by other parties
Acknowledgement and appraisal of
exploration by other parties.
Previous work by others has included soil and laterite sampling
and drilling – as reviewed and reported by Cullen previously.
Geology Deposit type, geological settings and
style of mineralisation
The sampling targets Archaean orogenic gold deposits.
Drill hole
information
A summary of all information material
to the understanding of the exploration
results including a tabulation of the
following information for all Material
drill holes:
 Easting and northing of the drill
hole collar
 Elevation or RL (Reduced level-
elevation
above
sea
level
in
metres)and the drill hole collar
 Dip and azimuth of the hole
 Down hole length and interception
depth
 Hole length
Not applicable – no drilling used
If the exclusion of this information is
justified on the basis that the
information is not Material and this
exclusion does not detract from the
understanding of the report, the
Competent Person should clearly
explain whythis is the case.
Not applicable – no drilling used

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Quarterly Report - September 2017

Data aggregation
methods
In reporting Exploration results,
weighing averaging techniques,
maximum and/or minimum grade
truncations (e.g. cutting of high grades)
and cut-off grades are usually material
and should be stated.
No averaging or aggregation techniques have been used. No
top cuts and no metal equivalent values have been used in this
report.
Where aggregate intercepts incorporate
short lengths of high grade results and
longer lengths of low grade results, the
procedure used for such aggregation
should be stated and some typical
examples of such aggregations should
be shown in detail.
Not applicable – no drilling used
The assumptions used for any reporting
of metal equivalent values should be
clearlystated.
Not applicable - no metal equivalent values have been used in
this report.
Relationship
between
mineralisation
widths and
intercept lengths
These relationships are particularly
important in the reporting of
Exploration Results.
Not applicable – no drilling used
If the geometry of the mineralisation
with respect to the drill hole angle is
known,its nature should be reported.
Not applicable – no drilling used
If it is not known and only the down
hole lengths are reported, there should
be a clear statement to this effect (e.g.
‘down hole length, true width not
known’)
Not applicable – no drilling used
Diagrams Appropriate maps and sections (with
scales) and tabulations of intercepts
should be included for any significant
discovery being reported. These should
include, but not be limited to a plan
view of drill hole collar locations and
appropriate sectional views..
Not applicable – a general location figure depicting the
geological setting of the anomalies is appropriate and included.
Balanced
reporting
Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low
and high grades and/or widths should
be practiced to avoid misleading
reportingof Exploration Results.
All relevant pathfinder elements of the samples taken are
reported.
Other substantive
exploration data
Other exploration data, if meaningful
and material, should be reported
including (but not limited to):
geological observations, geophysical
survey results, geochemical survey
results, bulk samples – size and method
of treatment; metallurgical test results;
bulk density, groundwater,
geotechnical and rock characteristics;
potential deleterious or containing
substances.
The general geological setting of the sampling and the
anomalies detected is shown in the included figures in this
report.
Further work The nature and scale of planned further
work (e.g. tests for lateral extensions or
depth extensions or large-scale step-out
drilling).
Further geological, geophysical and geochemical work will be
considered
Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future drilling
areas, providing this information is not
commerciallysensitive.
Figures included showing location and geological setting of the
geochemical results. No drilling used.

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Quarterly Report - September 2017

ATTRIBUTION: Competent Person Statement

The information in this report that relates to exploration activities 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.

Information in this report may also reflect past exploration results, and Cullen’s assessment of exploration completed by past explorers, which has not been updated to comply with the JORC 2012 Code. The Company confirms it is not aware of any new information or data which materially affects the information included in this announcement.

ABOUT CULLEN : Cullen is a Perth-based minerals explorer with a multi-commodity portfolio including projects managed through a number of JVs with key partners (Fortescue, Hannans Reward, and Matsa), and a number of projects in its own right. The Company’s strategy is to identify and build targets based on data compilation, field reconnaissance and early-stage exploration, and to pursue further testing of targets itself or farm-out opportunities to larger companies. Projects are sought for most commodities mainly in Australia but with selected consideration of overseas opportunities.

REGISTERED OFFICE : Unit 4, 7 Hardy Street, South Perth WA 6151 Telephone : 089 474 5511; FAX : 089 474 5588 Contact : Dr. Chris Ringrose, Managing Director: email: [email protected]

FORWARD-LOOKING STATEMENTS

This document may contain certain forward-looking statements which have not been based solely on historical facts but rather on Cullen's expectations about future events and on a number of assumptions which are subject to significant risks, uncertainties and contingencies many of which are outside the control of Cullen and its directors, officers and advisers. Forward-looking statements include, but are not necessarily limited to, statements concerning Cullen’s planned exploration program, strategies and objectives of management, anticipated dates and expected costs or outputs. When used in this document, words such as “could”, “plan”, “estimate” “expect”, “intend”, “may”, “potential”, “should” and similar expressions are forward-looking statements. Due care and attention has been taken in the preparation of this document and although Cullen believes that its expectations reflected in any forward looking statements made in this document are reasonable, no assurance can be given that actual results will be consistent with these forwardlooking statements. This document should not be relied upon as providing any recommendation or forecast by Cullen or its directors, officers or advisers. To the fullest extent permitted by law, no liability, however arising, will be accepted by Cullen or its directors, officers or advisers, as a result of any reliance upon any forward looking statement contained in this document.

14

TABLE 2 Assay results - surface sampling, variousprospects, Mt Eureka Project Assay results - surface sampling, variousprospects, Mt Eureka Project Assay results - surface sampling, variousprospects, Mt Eureka Project Assay results - surface sampling, variousprospects, Mt Eureka Project Assay results - surface sampling, variousprospects, Mt Eureka Project Assay results - surface sampling, variousprospects, Mt Eureka Project
**Sample No. ** Prospect **Sample type ** **GDA94 E ** GDA94 N Ag As Bi Cu Ni Pb Sb Te W Zn Au
Unit ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppb
217060101 North Lake Laterite 353135 7074142 0.44 1.8 0.84 166.9 40.7 9.2 0.16 0.07 <0.05 32 <1
217060102 North Lake Laterite 353090 7074170 0.26 1.9 0.4 163.8 48.4 12.4 0.14 0.03 <0.05 27 <1
217060103 North Lake Rockchip 352861 7074854 0.02 1.1 0.02 140.4 151.3 2 0.13 <0.01 <0.05 172 <1
217060104 North Lake Laterite 351970 7075240 0.08 4.3 0.41 24.4 30.5 11.2 0.25 0.07 0.06 11 <1
217060201 Taipan East Laterite 355517 7050006 0.41 6.3 0.07 126.5 39.7 10.7 0.19 0.03 <0.05 63 5
217060202 Taipan East Laterite 355496 7050094 0.27 4 0.04 136.7 31.5 11.7 0.2 0.02 <0.05 39 1
217060203 Taipan East Lag 355496 7050094 0.09 2.2 0.04 289.4 214.9 9 0.09 <0.01 0.14 351 <1
217060204 Taipan East Laterite 355400 7050091 0.19 4.2 0.05 168.9 40.1 12.8 0.13 0.02 <0.05 48 16
217060205 Taipan East Laterite 355060 7050190 0.49 21.7 0.11 90.9 30.8 16.9 0.51 0.06 0.15 21 425
217060206 Taipan East Laterite 355332 7050650 1.44 34.2 0.09 63.6 29.4 5.9 0.6 0.08 <0.05 <2 2
217060207 Taipan East Laterite 355424 7050604 0.15 13.5 0.05 183 49.6 14.4 0.33 0.08 0.12 26 26
217060208 Road side Laterite 353402 7044280 0.25 9.5 0.06 105.7 18.1 8.9 0.14 0.02 <0.05 17 14
217060209 Road side Laterite 353670 7044732 0.59 11.9 0.2 78.7 29.4 19.9 0.32 0.03 <0.05 29 <1
217060210 Road side Laterite 353452 7044701 0.65 10 0.11 53.4 22 16.7 0.3 0.03 <0.05 24 3
217060211 Road side Laterite 352900 7044205 0.65 22 0.1 301 25.2 23.1 0.65 0.08 0.05 5 262
217060212 Road side Rockchip 353211 7044345 0.25 54.6 0.8 254.3 23.9 31.7 2.03 0.86 <0.05 130 79
217060213 Road side Rockchip 353210 7044333 0.3 22 0.03 259.3 21.9 8.8 0.66 0.02 <0.05 155 175
217060214 Road side Rockchip 353195 7044262 0.8 17.7 0.52 134.5 2.5 17 0.71 0.49 0.48 33 45
217060215 Road side Rockchip 353184 7044265 0.17 27.3 0.23 88 1.6 21.2 0.95 0.95 0.23 21 185
217060216 Road side Rockchip 353184 7044258 1.61 629.3 0.28 133.6 1.7 29 13.27 0.58 0.27 14 1532
217060217 Road side Rockchip 353183 7044251 1.05 114.1 0.36 89 1.5 24.9 5.47 0.09 0.14 12 1381
217060218 Road side Rockchip 353184 7044242 0.97 297.4 0.45 59.2 1.2 39.9 20.9 2.18 0.39 5 2261
217060219 Road side Rockchip 353179 7044225 0.78 289.7 0.3 91.4 1 24.7 13.32 1.14 0.15 7 2073
217060220 Road side Rockchip 353168 7044210 1.44 292.3 0.53 85 1.9 24.2 19.1 12.05 0.2 9 999
217060221 Road side Rockchip 353168 7044198 0.78 109.8 0.97 56.7 1.8 18.1 7.46 1.53 0.31 13 87
217060222 Road side Rockchip 353163 7044177 1.1 94.9 0.09 92.9 3.2 54.2 3.38 0.66 <0.05 17 28
217060223 Road side Rockchip 353166 7044163 2.36 477.5 0.28 112 2.5 43.2 73.59 2.94 0.16 19 295
217060224 Road side Rockchip 353161 7044133 3.63 227.7 0.58 121.3 1.7 28.9 24.53 5.88 0.14 20 254
217060225 Irwin Bore Laterite 352850 7039866 0.1 49.4 0.06 252.7 32.2 11.2 1.05 0.06 0.05 78 6
Assays - byaqua regia digest(10g)with ICP-MS finish

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