Cullen clears key heritage step to advance Yardilla gold drilling

Cullen Resources Limited ( (AU:CUL) ) has shared an update.

Cullen Resources has completed an Aboriginal Heritage Survey over its Cleanthes and Lila prospects at the Yardilla Gold Project in Western Australia, carried out with Traditional Owners coordinated by the Ngadju Native Title Aboriginal Corporation. A report expected within four weeks is intended to provide cultural clearance for access and for planned air core and reverse circulation drilling over historical shallow gold anomalies, which previously returned multiple zones above 0.1g/t and several above 1g/t gold with associated base-metal anomalism.

The work underpins Cullen’s strategy to systematically test a ~25km trend of structurally hosted gold targets at Yardilla, including Lila, Lila West, Ten Mile Rocks and Cleanthes, interpreted along imbricate thrust sheets and cross-cutting faults at a major geological boundary. Successful clearance and follow-up drilling could materially advance the project’s exploration potential while reinforcing the company’s collaborative relationship with the Ngadju Traditional Owners and its positioning within Western Australia’s gold exploration sector.

The most recent analyst rating on (AU:CUL) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Cullen Resources Limited stock, see the AU:CUL Stock Forecast page.

More about Cullen Resources Limited

Cullen Resources Limited is an Australian mineral exploration company focused on gold targets at its Yardilla Project in Western Australia. Through its subsidiaries, it holds 90–100% interests in the Yardilla Gold Project, where it is advancing prospects such as Lila, Lila West, Ten Mile Rocks and Cleanthes along a ~25km structural trend at the Proterozoic–Archaean boundary.

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$6.24M

Learn more about CUL stock on TipRanks’ Stock Analysis page.