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CULLEN RESOURCES LIMITED — Regulatory Filings 2015
Mar 11, 2015
64724_rns_2015-03-11_88c537bf-2e07-4494-9c80-89c69c862864.pdf
Regulatory Filings
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----- Start of picture text ----- ABN 46 006 045 790www.cullenresources.com.au ASX Symbol: CUL 12 March 2015----- End of picture text -----
Sale of Gold Rights
Cullen Resources Limited (Cullen) refers to the ASX announcement made today by Hannans Reward Ltd (ASX:HNR) in relation to the sale of Gold Rights for M77/544.
Cullen is a 20% holder of the gold rights on this tenement via the Forrestania Joint Venture with Hannans Reward Ltd, and has also sold its 20% share to Mine Builder Pty Ltd via the same agreement. Cullen will receive $200,000 cash as consideration via four instalments to be paid during the next three Quarters. Title to the gold rights will be transferred on receipt of the final instalment.
Dr Chris Ringrose, Managing Director 12 March, 2015
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, APIJV (Baosteel/Aurizon-AMCI/Posco), Hannans Reward, Northern Star, Matsa and Thundelarra/Lion One Metals), 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 (particularly geochemistry), 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
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.
REGISTERED OFFICE : Unit 4, 7 Hardy Street, South Perth WA 6151. Telephone: +61 8 9474 5511 Facsimile:+61 8 9474 5588 CONTACT: Dr. Chris Ringrose, Managing Director. E-mail : [email protected]