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Cullen Resources Limited ( (AU:CUL) ) has shared an update.
Cullen Resources Limited, in partnership with Lachlan Star Ltd, has announced further drilling plans at the Killaloe Gold Project in Western Australia following promising assay results. The recent drilling at Duke Main confirmed a broad gold system, with significant gold intercepts, and plans are underway to explore further potential in the area. The project has received a government grant to support diamond drilling, highlighting its potential for significant gold discoveries. The Killaloe project remains under-explored, with multiple gold zones identified, suggesting promising opportunities for future exploration and development.
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 identifying and developing exploration targets through data compilation, field reconnaissance, and early-stage exploration, while also seeking farm-out opportunities. The company primarily operates in Australia but remains open to select international opportunities. Additionally, Cullen holds a 1% royalty on iron ore production from former Mt Stuart Iron Ore Joint Venture tenements.
Average Trading Volume: 765,363
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.85M
For detailed information about CUL stock, go to TipRanks’ Stock Analysis page.