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Cullen Resources Limited ( (AU:CUL) ) has issued an announcement.
Cullen Resources Limited has announced that Capella Minerals Ltd has signed a Definitive Agreement with Turkish mining company Tümad for a staged earn-in on Cullen’s exploration permits in Finland. This partnership allows Tümad to expand its international presence and provides Capella with the opportunity to leverage Tümad’s expertise in mining operations. Cullen retains a 30% Free Carried Interest until the Pre-Feasibility Stage, potentially benefiting from the exploration and development of gold-copper deposits in the region.
More about Cullen Resources Limited
Cullen Resources Limited is involved in the exploration and development of mineral resources, focusing on gold and copper deposits. The company is part of a joint venture in the Central Lapland Greenstone Belt in Finland, holding a 30% interest in exploration permits targeting these minerals.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.16M
See more insights into CUL stock on TipRanks’ Stock Analysis page.