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Cullen Resources Limited ( (AU:CUL) ) has issued an update.
Cullen Resources Limited, through its joint venture with Lachlan Star Ltd, has announced the commencement of a new phase of drilling at the Killaloe Gold Project in Norseman, Western Australia. This development marks a significant step in the exploration efforts at Killaloe, potentially enhancing Cullen’s position in the minerals exploration industry and offering promising prospects for stakeholders involved.
More about Cullen Resources Limited
Cullen Resources Limited is a Perth-based minerals explorer with a diverse portfolio of multi-commodity projects. The company engages in joint ventures with key partners such as Rox, Capella, and Lachlan Star, and also manages its own projects. Cullen’s strategy focuses on data compilation, field reconnaissance, and early-stage exploration, with an interest in both domestic and selective international opportunities. The company holds a 1% royalty on iron ore production from former Mt Stuart Iron Ore Joint Venture tenements.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.85M
For detailed information about CUL stock, go to TipRanks’ Stock Analysis page.