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Cullen Resources Limited ( (AU:CUL) ) has provided an update.
Cullen Resources Limited has announced that Capella Minerals Limited, the manager of their joint venture, has commenced a maiden diamond drilling program at the Killero Gold-Copper Project in northern Finland. This initiative marks the first drilling at the site, focusing on the Killerö E gold-copper target, which is part of a former Anglo American project. The program aims to test significant gold-copper anomalies identified in the area and is expected to enhance the project’s potential, positioning Cullen and its partners strategically within the mineral exploration industry.
More about Cullen Resources Limited
Cullen Resources Limited is a Perth-based minerals exploration company with a diverse portfolio of multi-commodity projects. The company engages in joint ventures with key partners such as HTM, Capella, and Lachlan Star, and also pursues its own projects. Cullen’s strategy involves identifying and developing exploration targets through data compilation, field reconnaissance, and early-stage exploration, with a focus on both domestic and select international opportunities. The company holds a 1% royalty on iron ore production from former Mt Stuart Iron Ore Joint Venture tenements and has a significant interest in the Catho Well Channel Iron Deposit.
Average Trading Volume: 765,363
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.55M
For a thorough assessment of CUL stock, go to TipRanks’ Stock Analysis page.