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Cullen Resources Limited ( (AU:CUL) ) has shared an announcement.
Cullen Resources Limited, through its joint venture with High Tech Metals, has commenced a 3,000-meter drilling program at the high-grade Wagtail deposit within the Mt Eureka Gold Project in Western Australia. The program aims to enhance geological confidence and support future resource updates, with multiple high-grade gold targets identified for further exploration. This initiative is part of a broader strategy to advance the project to a Final Investment Decision, potentially impacting the company’s operational and market positioning.
More about Cullen Resources Limited
Cullen Resources Limited is a Perth-based minerals exploration company with a diverse portfolio that includes joint ventures with key partners such as High Tech Metals, Capella, and Lachlan Star. The company focuses on identifying and developing exploration targets through data compilation, field reconnaissance, and early-stage exploration. Cullen seeks projects primarily in Australia, with some consideration for international opportunities, and holds a 1% royalty on iron ore production from certain tenements.
Average Trading Volume: 765,363
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.55M
Find detailed analytics on CUL stock on TipRanks’ Stock Analysis page.